Oracles deal for tiktok hurdles as President Trump is not ready to sign off on the plan. And Hurricane Sally our conversation with the u. S. Energy secretary coming up this is Worldwide Exchange here on cnbc good morning, good afternoon, good morning and welcome wherever you are watching. Thank you for joining us on Worldwide Exchange. Now your money are setding it up for the day in the red stock futures at the bottom right of your screen we call it a bug, down 225 points on the nasdaq, the dow rather, the nasdaq down 118. It looks like Big Technology may be happening it is early and futures are turning around right now, we are down across the board. The dow got a minor gain it was a different story for the s p 500 which was a better measure of the market and the nasdaq has shed more than 1 the index has been dragged down by shares of apple facebook and microsoft also big laggards. Snowflake open raised from one day earlier. At one point, shares climbed up above 300 a share after pulli
Lets milk this and go back and forth. We dont even finish each others sent answers it will be awesome this is the first time you are back at the nasdaq in a while. I go away and then im quarantined. I went away in july and finally got back here. I went away again and came back and been quarantined another two weeks. You got to start going away whachlt are you doing . I wish these states would drop off there is 57 states on the list no there are a lot of states on the list not all states i was in a county that was like an island, nobody was there i am glad to be back there is a big krispy kreme thing. Most lights ever i was looking and i was thinking about you. I got to stop thinking about you when im not at work thats not what i want in my life you may draw me back to time square but so will crispy cream. We were talking about this the last couple of weeks i havent been in there in ea while. He said there is no one around nobody on the streets. Is that the case there is people here. A
The session with fourth days of gains with the dow industrials up 31 points. Much of the rally dissipating and then some. Nasdaq down by theless, s p down 15 at 4 00 oclock on wall street. Tiktokoracle deal uncertainty. President trump to reveal the deal today as the white house pushing for u. S. Control of the chinese app. Origins of russia tab, subpoena obama officials now and senator Lindsay Graham announcing when jim comey will testify in front of senate judiciary. Coming up at 7 10 a. M. Doug collins with more on that and pressure hes putting on apple after records show phones belonging to muellers team were wiped. Find out who will be playing joe biden on saturday night live. The bank of england out with its own Rate Decision in about an hour. Investors would be watching for any news of added stimulus and what the forecast is for the broader economy in the year ahead. In asia overnight, red across the board as well. The bank of japan left Interest Rates unchanged and says the eco
Good thursday morning, welcome to squawk alley. Stocks did take a leg lower at the open the s p bounced right off of the 50 day well watch that closely but were off of the low levels of the early session. Here is the president yesterday on oracles deal with bite dance stands you said it was important that a u. S. Company buy tiktok. Were going to find out about that were looking at that from the standpoint of bitedance. We dont like that conceptually we dont like that. That has not been told to me yet. That has been reported but not told to me speaking of reporting, david faber has more of that for us. Not a lot of insight on that key question siting a source close to the deal, the conversations, that have been ongoing for awhile now. The president is most likely to make a decision in the next 24 to 36 hours. Not likely today, but prior to the weekend, im told, by someone familiar with the situation that he will make a decision as to the future ownership of tiktok here in the united st
Report has been right for the past 10 years he dumped many of his banking shares and went long gold miner derek the biggest gold miner in the world so max what do you think about this sea change in his portfolio right well it was obvious that he would have to get into gold gold mining gold bullion at some point he had too much cash he was underperforming the stock market for 15 years he had made an enormous mistake in airlines again for the 2nd time in his career took a huge loss. And you never understood Technology Got in very late and hes got a problem now with all the money that he helped bring into existence by having the government bail him out perpetually not not not not in 2008 was a huge bailout of Warren Buffett and they had a print trillions of dollars he used to base the value of this figure of money the u. S. Dollar and the only protection now we have as a way to preserve wealth is to get into gold so this is the 1st foray into gold and dissipate that within 2 years 20 to 3