Celebrities like lynn arctic caprio and Kim Kardashian. Newly Public Companies newly Public Tech Companies roaring out of the gate. Frog closing j with huge gains and ceos join us. President trump is expected to give a press conference any moment at the white house and we will bring you headlines from that event. News tumbling out by the minute with oracles bid for tiktok. Moments ago bloomberg learned the following about the terms of the deal. That oracle would happen all of tiktoks u. S. User data in this scenario and oversee all of tiktoks u. S. Technical operations. Oracle would be able to check source code to prevent backdoors. Tiktoks u. S. Board would be approved by the u. S. Government and oracle would create, they say, 20,000 new jobs through tiktok operations. Joining us to talk about how it has impacted markets, we have bloombergs sarah ponczek. Lets start with the fed decision and how it rippled across the markets today . Sarah we have a lot of moving parts but when it come
Good thursday morning, welcome to squawk alley. Stocks did take a leg lower at the open the s p bounced right off of the 50 day well watch that closely but were off of the low levels of the early session. Here is the president yesterday on oracles deal with bite dance stands you said it was important that a u. S. Company buy tiktok. Were going to find out about that were looking at that from the standpoint of bitedance. We dont like that conceptually we dont like that. That has not been told to me yet. That has been reported but not told to me speaking of reporting, david faber has more of that for us. Not a lot of insight on that key question siting a source close to the deal, the conversations, that have been ongoing for awhile now. The president is most likely to make a decision in the next 24 to 36 hours. Not likely today, but prior to the weekend, im told, by someone familiar with the situation that he will make a decision as to the future ownership of tiktok here in the united st
Tiktok parent byte dance as hopes for a partnership with,el can avert u. S. Sanctions soft Bank Shares Jump as they agree to share to nvidia for 14 billion. The Japanese Investment company is looking to go private japans Ruling Party Leadership race setting him up to take over as Prime Minister placing the countrys longest serving premiere shinzo abe. Thanks for joining us. Let me take you to the European Market but we havent got 6,000 points which is very difficult territory in recent months so the dax chasing almost half of a percent and looking solid. Near 5,000 points last week and holding on to that leadership with another. 7 italian stocks also in the green. We saw last week that these markets would try to hold on to some of the gains despite selling on wall street very serious patches of volatility on the u. S. Markets but european stocks did try to put a little bit of distance between themselves and the market action. Lets take a look at the better performing parts of that mark
Francisco. The latest on the dire situation right now. Overnight, President Trump holds his first indoor rally in nearly three months, packed, no social distancing, many not Wearing Masks ignoring nevadas covid restrictions. If the governor comes after you, which he shouldnt be doing, i will be with you all the way. The president takes aim at joe biden as the democratic nominee heads to florida where he is about to get a 100 million boost from former rival Michael Bloomberg. Urgent manhunt. The desperate search for the shooter who ambushed two los angeles sheriffs deputies, walking up to their vehicle and opening fire. The news on their condition this morning. Kicking off. Sunday football re stands. The nfl stars sending their messages about social justice. And brady and the bucs. The two oldest quarterbacks in the league, brady and brees squaring off in that historic matchup. And who is jeopardys greatest of all time . Ken jennings, and hes live on gma. His new role on the show as the
Stole the show. I say a star was born as he and Melania Trump talked about justice for allamericans. Speaking of rnc, it seems to have a positive effect on President Trumps poll numbers. The swing state trump bump closing the gap with joe biden. All that and more on making money. Charles folks, records all over the place as wall street keeps going. The bull market picking up speed this as new data on the economy continues to defy the experts. Durable goods orders for july climbed 11. 2 , significantly beating consensus estimate of up 4. 3 . Transportation was higher. Electronic equipment was higher. Computers were higher. Business investment came in better than expected this is more evidence that the consumer isnt dead. Which brings me to my stock of the day, dicks sporting goods. Reported record revenues and earnings for the quarter. I think another great example of omni channel success. Here to talk about all of this, kaltbaum Capital Management president , fox business contributor g