Oil, 41. 40 we talked for a long time about mike pences hawkish speech on china from a year or two ago but pompeo yesterday oneupped that and this consulate news from china is weighing on sentiment too. Yeah, he upped the ante jim did focus us at the time on Vice President pences speech because it was quite truck lant would be a word to describe it at the time but it continues to go up in terms of the tensions, carl weve talked about it pretty much every day, whether its a backandforth over huawei, whether it has to do with conversations about closing down the app tiktok in the United States, whether it is the closing of consulates here and the response from the chinese. This is not going in a direction that many, who at least are invested in the idea of global trade, certainly, mike, would wanting to see. For sure. On the one hand the market is not necessarily overly focused to this point on these relationships and not really counting on anything to come out of it. Its not quite like
Good morning. Welcome to squawk alley. Sarah eisen, mike santelli. Joining us this morning, farhat manju. And also jason calicanis, ins e inside. Com founder. Shares hitting alltime highs this morning. Third record in a row. Jeff bazos speaking at the companys shareholder meeting. Now is not the time for complacency. There is no rest. We can not rest on our laurels. The competition is as fierce and challenging as ever. Speaking of not resting, amazon plans to open the door of a brand new bookstore in midtown manhattan on the site of what was once a borders book star. Farhat, one of the questions is, are they trying to make money . Are they trying to rub it in to these book sellers that they helped put them out of business . Whats the goal here . I dont think they are trying to rub it in. They are trying to make money. Thats what they do, sometimes. Stores are good for discovery, looking at electronics. They can try out lots of experimental things with the check outli list store they ar
Cheese burger in paradise heaven on earth ho hum another month, another new high for your money. The slow meltup marching on. The nasdaq looking at that hitting a new high. The oil and Energy Stocks all the Big Eight Oil names, exxons, chef rons are higher. On the other side of the trade, yeah some of the real estate stocks are lagging, but overrule a good day. What individual names are making investors money today . The casino stocks. Look at that. Las vegas sands are up big on some big numbers from chinas ma cow. Bikky . Good afternoon im becky quick. Here is what else is happening at this hour. A government watchdog said that medicaid was overcharged for epipen from 2006 to 2016. That is far more than the amount mylan agreed to pay the settle overcharging allegations. Construction spending posting its biggest drop in a year in april. A sharp upward division pointing to underlying string. Illinois Credit Rating getting closer to junk. Its debt downgraded after lawmakers failed to app
After having walked out on students five times since 2012, it’s clear leaders at the Chicago Teachers Union (CTU) the city’s most powerful political machine