Locations as we put social distancing into effect here at cnbc as a precaution were going to start squawk alley this morning with bob pisani with an update on todays markets. Bob . And jon, the important thing here is i want to show you the futures because a lot of confusion overnight here we were futures down overnight, then we hada big rally at 8 00 a. M. Eastern time as the Federal Reserve announced new programs and yet the open was a real disappointment and it shows you that liquidity is fairly thin preopen. A lot of people were surprised we opened down so much but were off of the lows right now. Sects here, banks have had a tough time throughout the morning, most down 4, 5 or 6 . Energy stocks also had a tough morning. Everything else, 2 lets say, industrials, technology also down about 2 . Semiconductors started strong but have been weak for a while now. Boeing, one of the few stocks on the upside, only three or four up today, an upgrade goldman sachs. Home depot on the upside, c
Tea leaves boosting stocks china says trade reps are in close contact with the u. S futures do point to a second higher open. Plus, putting mergers on notice Elizabeth Warren drafteding legislation to reverse mega mergers. And a shakeup at united airline, oscar munoz stepping down president scott kirby will take over next spring we do have breaking news on gm for that we will go to phil lebeau in chicago. A busy day, phil. Reporter it is a busy day, phil General Motors announcing it is forming a joint venture with lg chem the two companies will be creating an electric vehicle battery plant in northeast ohio. It may be if lorn lordstown or outside lorsdtown where gm used to have a plant. They sold the plant earlier this year gm will invest up to 2. 3 billion into that joint venture with lg chem located near lorsdtown, ohio and create up to 1,100 new jobs this is a move many expected they talked that it had plans to add jobs in northeast ohio we will talk first with gm ceo mary bar repor
Remain just a point or so away from reaching record high levels, and on strike. General motors seeing its first worker strike since the financial crisis and could cost the Company Millions of dollars each day it is monday, september 16th and Worldwide Exchangeegins right now. Good morning im dominic chu in for Brian Sullivan today. Energy prices are soaring with brent coming off its biggest intraday move on record. Prices right now moving to the upside you can see here wti crude up 7. 5 brent crude up almost 8 by the way, it opened up nearly just around 20 at one point here as the saudis aim to restore at least one third of their lost output by early this week Yemens Houthi rebels claimed responsibility for the attack, saying it was one of their largest attacks ever inside of the kingdom. But the u. S. Is rejecting that notion saying the scope and precision of those attacks suggest the launch was not made by the houthis but in fact, originated from iran iran rejecting those claims, cal
Shery you are watching daybreak asia coming live from hong kong that sydney. Annabelle were couni down to asias major market opens. Pa top stories this hour, asian shares falling as hawkish fred messaging intensifies. The trade the yen trading closer to 150. Two the dollar j. P. Morgans ceo lays out his geopolitical risks in our exclusive interview. If you go to 7 the answer is yes, are there factors that will drive it higher than where it is today, talking about the 10 year bond, now, yes. Paul investors are looking past teslas thirdquarter delivery miss as analysts maintain a bullish outlook. Anabelle thanks, paul. We are about to open. We will keep watching that as we get into the final, first few moments of trading. The direction of equities, are going to be determined by what happens in the bond space. In wall street session we will get to the details. Still, this selloff really starting to intensify here. Equities on course for some sort of correction. The 10 year yield trading a
And potentially we have a deal. What about the irish border . At one point it was that a twomonth high, 5 10 of a percent. And we are talking about 58 basis points, modestly steeper by a basis points as you had supplied coming from the front end earlier this week. Bitcoin, 10,000. Jonathan about the happen again. Alix 11,000 call . David it just keeps going. Extraordinary. We want to get some news outside of the business world. First word news. Emma good morning. Breaking news, matt lauer we understand has been fired, according to the new york times. More on that story as it crosses. On capitol hill, republican plans to push a tax bill through by the end of the year picking up steam. There was a closeddoor session, called somewhat of a lovefest. The Budget Committee looking to send the tax bill for a vote as early as tomorrow. And north korea warns that the latest missile can deliver a Nuclear Warhead anywhere on the u. S. Mainland. The regime conducted its first missile test in two mo