Where some of the money in the bill will go. We will talk about it. We will also have a live report from the hill and instant reaction from texas congressman chip roy. Plus get expert Market Analysis from our very own Charles Payne. He will be calling in in a few minutes. He says this week has been in his words, charles says impressive. Get ready to hear the story of one florida mayor who is donating his entire salary to his residents. He wants to keep his city going. We have more good news in these uncertain times. All of that and a lot more coming up on making money. Cheryl breaking news, the massive 2 trillion dollars coronavirus stimulus package is on its way to the president , after a dramatic debate on the house floor today. Republican congressman Thomas Massey of kentucky tried his best to force a roll call vote so that basically his colleagues were on the record with their votes, but it passed in spite of him. Hillary vaughan is joining me from capitol hill with the latest. Wha
Pace for the Third Straight weekly loss, could a friday rally turn it around and great debate, recession or slowdown. Two wall street titans weighing in this morning. And ges ceo wants investors to know he believes in his company as the stock suffers its worst day in over a decade so we do not need to tell you were heading into the final trading day of this volatile market week. The three major indices, each down 2. 4 week to date the s p and the nasdaq still posting double digit gains for the year with the dow not far behind interestingly were almost exactly at levels we were on this date a year ago in both the dow and the s p today were left with the conversation of the moment, is this a walmart, an nvidia market or a deere and a cisco market. And that focuses you on the two big arguments. Is the consumer Strong Enough to carry you through, or is Business Sentiment and Business Cycle deteriorating to a point where you have a problem all right, and we continue to look at yields around
President xi told Secretary Blinken that china and the us should be partners rather than rivals. Mr blinken for his part raised concerns over chinas support for russia in its invasion of ukraine. He also raised what he described as chinas unfair Trade Practices in a number of Key Industries that will drive the 21st century economy. Solar panels, Electric Vehicles and the batteries that power them. China alone is producing more than 100 of Global Demand for these products, flooding markets, undermining competition, putting at Risk Livelihoods and businesses around the world. Now, this is a movie that weve seen before, and we know how it ends, with american businesses shuttered and american jobs lost. President biden will not let this happen on his watch. Lets speak now to our north America Business correspondent, erin delmore. In the background to this meeting was a warning we heard from President Biden recently that more tariffs on chinese imports could be on the way. What does this me
Ahead of the open on the unexpected and welcome profit beat. Getting set for the latest on Consumer Prices and what it could mean for the fed decision next week. Its friday, april 26th, 2024. Youre watching Worldwide Exchange right here on cnbc good morning and welcome to Worldwide Exchange. Were coming to you live from cnbc london. Thank you for being with us on friday morning lets kickoff the check after whipsaw action yesterday with the major averages closing off session lows offer the weaker than expected gdp print and what was the busiest day of the First Quarter earnings season. Look at the beats. You see they are in the green. Nasdaq up 1 the dow looking like they would open 60 points higher. S p up. 75 . The big story is big tech led by alphabet and what you could call a triple crown Earnings Report First Quarter revenue and net income ahead of estimates. 17 billion in Free Cash Flow announcing the Quarterly Dividend and 70 billion Share Buyback program. The stock is popping af
Month for the markets, s p is fractionally higher by four and nasdaq is up by 12. These are small gains for the two embassies. We were mostly higher earlier and kind of hire now but these numbers are not accelerating by any means. What is accelerating his United Auto Workers strike. We had latest headlines from the picket line which is leaving little hope for the end of the strike anytime soon. Ford is saying despite progress there is significant gaps to close on key issues before labor agreements can be reached. Meanwhile the uaw expanded strikes against gm and stellantis to 38 different Parts Distribution Centers Across the country and the uaw strike obviously is continue to heat up in another American Strike seems to be cooling down. Lets give you the good news on this monday the hollywood Writers Strike that is looking a little bit better. Lauren simonetti with a potential deal with a fivemonth walkout, hard to believe. It is unbelievable. The Writers Guild of america calls this te