Tech names may be beneficiaries of a decision the United Kingdom has made when it comes to huawei and 5g. But wait a minute. The big banks did send up some warning flares in their quarterly reports on this first day of Second Quarter earnings season. Why are the biggest names in finance fast inflating their Rainy Day Funds . What do they see that you might not . Our floor show traders are on it. They will shine a light on it and explain. Just as teslas stock bubbles even higher, here comes a potential pin to pop it. Fisk fiskers uber cool all electric ocean suv with its 300 mile range, karaoke and california mode features is ready to open the reservation lines. Founder, chairman and ceo lhenrk fisker is here on his unique route to the New York Stock Exchange, taking on elon musk and yes, he will explain what california mode is. Pretty cool. From california all the way to a tiny private island on the east coast where the wealthy elite are ready to pay a pretty penny to escape from the c
The dow industrials this wednesday morning are going to go up about 170 odd points at the opening bell. S p, modest gain. A fractional loss, though, for the nasdaq which is at the 11,000 level. Stocks overall getting help from the virus relief talks. Mitch mcconnell talking compromise. Senator schumer talking concessions from both sides. Theyre looking for a deal by the end of this week. My opinion, there is no way Congress Leaves Town friday without spending at least a trillion dollars. I think a deal is coming and the market likes it. Two stocks in the news and moving. Disney, up sharply despite losing 5 billion during the pandemic lockdown. Disney plus has 60. 5 million paid subscribers, 100 million overall and they are starting another streaming service next year. All of that helps. Disney is up seven. Novavax, their phase one trial showed their vaccine to be safe and created an immune response. That stock is way up, 30 bucks a share on the upside. All right. Something different. L
Beijings new security laws for any time it appears in the industry. And food for the souls of underprivileged kids in the form of dance we need a ballet teacher in nigeria who offers lessons for free and some of the students who say dancing has changed a lot. To answer. Im sumi so its going to its great to have you with us we start with some breaking news german prosecutors say they have arrested the former chief executive and 2 Board Members of the payments processor wire card as part of fraud investigations marcus brown and the Board Members were detained in munich investigators say the 3 are suspected of faking income to inflate the companys Balance Sheet wire card went bankrupt after were dealing a nearly 2000000000 euro hole in its accounts last month the scandal has triggered criticism of germanys financial oversight and let the calls for the government to explain how much it knew about wire cards dubious accounting practices. Lets bring indeed up use financial correspondent shal
Food for the souls of underprivileged kids in the form of dance we need a ballet teacher in nigeria who offers lessons of for free and some of the students who say dancing has changed their lives. Im sumi so much god its great to have you with us german prosecutors say they have a rest of the former chief executive and 2 Board Members of the payments processor wire cart as part of fraud investigations marcus brown of the Board Members were detained in munich investigators say the 3 are suspected of faking income to inflate the companys Balance Sheet wire card went bankrupt after revealing a nearly 2000000000 euro hole in its accounts last month now the scandal has triggered criticism of germanys financial oversight and led to calls for the government to explain how much it knew about wire cards dubious accounting practices. And we have Stephen Beardsley from d. W. Business with us for more on this story hi stephen thanks for joining us so we have a few more arrests do we now have a ful
The committee will come to order. Thank you all for coming today, i dont think all of you for being here. It is our honor to have the deputy secretary of state here to testify on u. S. Policy regarding peoples republic of china. I originally defaulting back in march, however, our need to focus on the Community Protests from doing that. It is important this committee continue its work on its most committing Foreign Policy challenges, obviously china is one of those. As a complete mistrust correctly recognized, china is a strategic in global competitor of the United States. It would be the greatest Foreign Policy challenge the United States faces in decades to come. Policies of the Chinese Communist party undermine u. S. Interests and values, as we share with partners around the world. Covid19 has brought this challenge the fork front of american life. We now know just how much the Chinese Communist partys decisions and actions directly affect u. S. Citizens, our allies and partners in t