Report its profits after the bell power lunch starts right now well, it is no longer monday. Thank goodness it is tuesday. And right now, lets take a look at where the dow stands. Off the highs, but up about two thirds of a percent. The nasdaq, which led the market lower yesterday, is the leader it is up about 1 fully. Up 75 points check out some big winners nike, cisco, apple, and disney well have more on those moves later. Kelly. Thanks. With stocks now down 6 from their record highs, a move by the way, that happened in just the last week, we have full Team Coverage of everything impacting your money bob pisani keeping a close eye on the market where were also watching bonds eamon javers on trade tensions Steve Liesman monitoring the latest from the federal reserve, and bob, lets start with you. Yesterdays action was extraordinary. The s p futures moved in a nearly 5 range from the high to the low. That does not happen very often. The main index ended down 3 thats a move that happene
Against the dollar late yesterday. The u. S. Treasury in the day labeling china a currency manipulator. Since then Chinas Central Bank has stepped in we well speak with white house chief Economic Advisor larry kudlow in a few minutes. You and i were talking yesterday, jim, about what we might expect in the market during the course of the day the move down in yields and the 10year in particular also caught a lot of peoples attention. Here we are a day later. We looked like wed be down sharply after other markets opened down. We have now rebounded at least in the futures market. What are your expectations i think that you cant buy enough opening there was a lot of money committed on the sell side i dont know how much short, between when we announced there was going to be designation and probably right to the special last night apple 185, microsoft down 5, facebook down 20 these were very big prints over and over they just kept hitting the bids, hitting the bids, hitting the bids they wer
Treasonous. Should google be worried . Margaret vester prepares for a summer finale to her fiveyear crackdown on u. S. Tech giants. Story, bigto our top tech in the eye of the storm on capitol hill. Facebook, amazon, apple, google, all appearing in washington to answer lawmakers sques questions. The first to be raked over the of thethe cocreator cryptocurrency project. Facebook is dangerous. Now, facebook might not intend ly theyangerous, but sure do not respect the technologies they are playing with, like a toddler who has gotten a hold of a book of matches. Their motto is to move fast and break things. You mean them a chance to experiment with peoples bank accounts. We will take the time to get this right. Wouldnt it be easier and safer if people could inexpensively secure money transfers through their smartphones just like they do for so many things today . That is what libra is about. I do not trust you guys, so instead of cleaning up your house, now youre are launching into anothe
European equities, up by 8 slaegts 10 off a percent we had pretty Good Movement over it had it last 24 hours because off powells testimony 1. 60 we were over 190 10year note, 2. 056 if youre planning your day its time for the crosswalk flan aer for try to pace yourself and this is right at the it very beginning of your day because youd do vp oorks and later in your day, im watching washington do the same stang and hell not see you. How were going to get numbers from Delta Airlines. After the close. You also have to be aware of ho, thats right im eves dropping youre down to five, are you not . As sooner as the numbers are out, ill give you a free cnbc envelope did you see that engine yesterday with video kw the thingroiding around in the it did. I just saw people complaining they didnt feel like they andaus compensated enough for it sglrts then you would do if you saw that it fer and if you saw nangen come across on a flight i would mang. Ohow would you notify somebody theres not enough
Amazon is in the crosshairs facing antitrust. Margaret vester prepares for a summer finale to her fiveyear crackdown on u. S. Tech giants. But first, to our top story, big tech in the eye of the storm on capitol hill. Facebook, amazon, apple, google, all appearing in washington to answer lawmakers questions. The first to be baked over the raked over the coals, facebooks david marcus was the david marcus. The cocreator of the cryptocurrency project. Senator Brown Facebook is dangerous. Now, facebook might not intend to be dangerous, but surely they do not respect the technologies they are playing with, like a toddler who has gotten a hold of a book of matches. Their motto is to move fast and break things. We would be crazy to give them a chance to experiment with peoples bank accounts. David we will take the time to get this right. Wouldnt it be easier and safer if people could inexpensively secure money transfers through their smartphones just like they do for so many things today . Th