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July 16, 2024
Her series of hearings investigating competition Digital Markets. This one on the role of data and privacy and competition. I now recognize myself for an opening statement. I should state the obvious, im not the chairman of the subcommittee. The chairman will be in a few minutes. Digital technologies have provide americans with remarkable array of services. It is never been easy to share news and information to publish content and to commit it with loved ones. All at a moments notice. As the tec...
July 16, 2024
Expected to be signed tomorrow headlines injecting uncertainty on existing tariffs and after hittinga new alltime high, apple is now the biggest drag on the dow. Well have much more on why later in the show. We are up 50 points on the dow steve grasso with us for the full hour. Steve, todays session yo yoing. The bottom line though is the deal should be signed tomorrow and the rest of it we kind of knew. It seems like the market is looking for a reason to sell off. You have bulls that want a bet...
July 16, 2024
Our Asia Business hub will bring us news of this latest blow for the regions pork industry. And. Carbon neutral beef. Balancing the desire for meat with environmental concerns. We will take you to brazil, where some farmers have a very innovative idea. Cancer can be one of the Biggest Challenges you or a loved one can face, but can an app really help . Well meet one man who says the answer is yes. And are bosses going too far in the quest for productivity . Its being reported that some companies...
July 16, 2024
S p down just over a point and the dow down around 27 points. A lot of this watching what was happening in the market. Seeing the facts and circumstances that yield has continued to pick up as well getting to washington lawmakers voting along party lines to impeach the president we have more now good morning the House Chamber got a little roudy as leaders from both parties made their final speeches democrats did not choose this impeach. We did not wish for it i see coming out of a president who ...
July 16, 2024
And probably a vote we expect somewhere between 6 30 and 7 30. It is important that everybody remember that it is im not saying it is a side show there will be people who are going to be talking about and i heard some of them today saying, listen, there could be a surprise in the senate, might be some defections. I dont see it that way. I look at i only have history not a lot of history with these things, but day by day of when clinton was impeached in trial and anniversary of which is tomorrow....
July 16, 2024
Too. Tenyear well above 1. 8 and 1. 822. A developing story from china with big implications for u. S. Companies the Financial Times reporting that the communist party now ordered all state offices to remove foreign hardware and software within three years. This could hit firms like microsoft and dell, hp, especially hard. Now analysts estimate 20 to 30 million pieces of foreign equipment would need to be ultimately replaced. The order is not yet public yet but was described to the ft by two Cyb...
July 16, 2024
Cutting back production of the 737 max. Could announce a decision as soon as today. The board began a regularlyscheduled meeting yesterday that is set to continue today just last week the head of the faa told us right here on squawk box that the 737 max wouldnt be cleared to fly before the end of the year u. S. Regulars then warned boeing that it had been setting Unrealistic Expectations for the jet to return to service further Production Cuts would inflate boeings costs and take a toll on Finan...
July 16, 2024
Relationship the eu . What brussels is looking for. Will get some clarity . Markets seeing this overshadowedbeing by that chinese trade statement that is about to come out. Time we arehe first going to hear directly from china. The backstory is this morning thinking we had a deal on china. There was consensus the u. S. And china had agreed on something. We saw markets rally. The president tweeted something that made markets hesitate. If we look, we have a flat s p 500. T is up the other thing th...
July 16, 2024
Moscow utilizes Digital Technologies to target us and our democratic allies from within. It includes election meddling and influenced operations directed by the highest levels of the russian government the very heart of the western world. We provided significant foreign assistance in europe and eurasia, almost all of which supports building resilience to an increasing pressure on russian malign influence in accordance with the fine. The department has increased his support for the Global Engagem...
July 16, 2024
Nasdaq off by 35 we have been thinking the new deal would be by december 15 the huge question is do those new tariffs come into effect the market has been punched in the mouth twice since yet yesterday, futures were up almost a full percent. The first china news yesterday that things werent looking great for december 15. These new comments imply phase one is not nowhere but if people are still thinking december 15, thats hard to believe yesterday, the pull back was the worst day weve seen in mon...