Youre watching Worldwide Exchange on cnbc top of the morning to you in for Brian Sullivan today kicking off this monday morning with stock futures indicating declines. The nasdaq up about 48 points as you can see but the nasdaq composite overall over the last two days has seen some of that positivity posting a 1. 5 gain with the help of blowout quarterly numbers from amazon. Com, facebook as well the latter coming off of a gain of 10 peculiar on friday for the best one day performance since march 13th of 2020 you can see apple shares over the last couple of days in the green. The major averages coming off their fourth straight months of gains. The s p 500 seeing its best july since 2010. You can see here 20 gains for the dow industrials. 26 gains for the s p and the nasdaq up 40 just over that span alone now in yields they continue to hover near historic lows ticking slightly higher to 54 basis points or. 54 ten year note yields around 11 basis points and the 30 yearlong bond on that trade and gold continuing its historic run coming off yet another all time settling high on friday up more than 9 just in july. Its best monthly gain since 2016 and seeing its first five month win streak since 2010. But that pales in comparison to whats happening in silver up 30 in its july the best month on record dating back to 1984 much more on those two Precious Metals coming up in a month. But first, europes largest bank by assets reporting a 65 year over year drop in profits in the first half of 2020 the Company Setting aside 7 billion from loan losses due to the virus pandemic those shares right now, hsbc down about 6 you can see here and hong kong down 4. 5 as well. Around the world a mixed picture in asia overnight after factory activity and china grew in the fastest pace since 2011. Europe is just getting things started a bit of a mixed picture coming off the european continent. Still out performing in asia and the dax in germany and the cac in france out performing in europe as well back home, were now warning, were hearing a warning from the white house. The Coronavirus Task force amid a surge in cases in the american midwest and she has some of those as well. The white house Coronavirus Task force says that the country is in a new phase of the covid19 pandemic. Speaking with cnn state of the union she had this to say. What were seeing today is different from marchand april. It is extraordinarily widespread its into the equal urban areas and to everybody that lives in a rural area youre not immune or protected from this virus. Her comments come as the u. S. Looks to bounce back from its worst month for infections since the outbreak began 1. 86 million new cases confirmed since the end of june. Amid the pandemic two more former u. S. Retail giants filed for bankruptcy protection late yesterday. First its lord and taylor the 194yearold retailer following jcpenney, neimanmarcus and j. Crew seeking protections and its not just lord and taylor in a separate filing the Parent Company that acquired the brand last year for 75 million also filed for bankruptcy protection. And then late last night the mens warehouse owner said that it filed for chapter 11 also entered a restructuring environment with 75 of the senior lenders that could produce its debt load by 630 million and the Company Listed assets and liabilities in the range of 1 to 10 billion and finally the online Prescription Drug has filed for u. S. Ipo. The company that has a valuation is in the process of hiring advisers for the offering. Good rx also came in at number 20 on the cnbc 2020 disruptor. Interesting to see the ipos in this time right now. You cant blame them with the nasdaq near record highs right now. Thank you very much back to the markets. Futures holding relatively flat as investors returned. Their focus to on going stimulus talks in washington d. C. They remain at a stand still investors preparing for more earnings this week disney, uber, Berkshire Hathaway and some of the names for the week that were all reporting. Im joined by the ceo of commerce Street Capital and im looking at all the potential catalysts. Were not even mentioning the Economic Data with the jobs number coming out at the end of the week what exactly in your mind will be driving markets. I think the markets are going to get a lot of bad news this month and youre going to have to pick and choose to really try to interpret and see whats going on theres several things that had me nervous were getting mixed messages from the market. I. T. Is doing really well. But as you brought up earlier, treasuries up 30 from the year. Gold up 27 for the year silver up 37 for the year you know, that normally doesnt happen in a bull market. Theres some underlying fundamental problems hsbc thats a big deal well continue to see bad news on our banks in europe if you look at jp morgan for example, theres 587ontheir capital level down from 702. Im calling him up and saying hey, slow down your dividends. Get your reserves up get your capital back up to 80 . It was at 7 last year i dont have the time and money to deal with a bank problem. You guys have to be part of the solution. So the economy is very much manifesting itself with the banks. The other place that we are seeing a lot of activity, we just had the big report about the number of retail bankruptcies because of the virus pandemic what does that mean then for an economy like the u. S. That is 70 driven by consumption and consumer spending. Its not good news. And the consumption is coming in different ways people are going to Amazon Online theres just this massive shift of mens warehouse. Who is buying suits right now . The most you need a sport coat but thats about it. So the Business World changed on demand for not only what theyre buying but who theyre buying from and were going to see probably now that its august 1st, you know, all of these restaurants and script centers are going to have tons of problems and thats going to show up in big bank and cnbs negotiating is one thing but you cant do that. You get a trustee a set of rules and it either works or it doesnt. Sure. That commercial Mortgage BackedSecurity Market is certainly one hot spot to watch. Always great to get your thoughts thank you for joining us glad to be here. Back on the show here, an insiders take on the future of tick to be as the white house looks to hold off on an all out ban for that app for now at least. A report from washington d. C. As lawmakers look to restart talks amid a stalemate last week and do gold and silver have what it takes for another record breaking month find out more when Worldwide Exchange returnsig aer th is rhtft welcome back to Worldwide Exchange a fast moving story we are following this morning President Trump is giving them 45 days to negotiate the sell of its Popular Video sharing app tiktok to microsoft. This after the white house said the app under its chinese Parent Company poses a National Security risk to the United States now this latest turn comes after the president threatened to ban the application after speaking with top aids and microsoft ceo. Eunice joins us. Good morning or evening to you well, china has responded to the talk that President Trump said could possibly be a ban of tiktok and responded to mike pompeo so the Foreign Ministry today said that beijing opposes any measures against Chinese Software firms and says the u. S. Should stop what it described as the u. S. s discriminatory policies now separately, they also described what its called unimaginable difficulties. It says that its going through of course a very difficult political environment overseas and it believes that its egged on by what its described as a fear effort by its u. S. Rival facebook now the founder confirmed to his staff that a u. S. Review does dictate a sale of tiktoks u. S. Operation is in talks with a certain Technology Company but that the letter also says that its still exploring other possibilities. So of course we have already heard from microsoft that they are already in discussions with tiktok but at the same time theres been plenty of reports out here that they prefer to have an independent sale. Eunice, im curious right now, based upon your reporting and the sources that you talked to, there has to be some kind of a feeling of maybe not retaliation but a little bit of a situation brewing with businesses, American Businesses in china there are a lot of them that do business there is there a sense that we could see some kind of a Ripple Effect across Financial Services or other Technology Companies other u. S. Companies that operate in china there is a fear about that. Some in the American Business community said that perhaps an American Company here could be a target of the u. S. State but of course if you were to look at it being targeted versus a Technology Company in the United States its also been pointed out to me that facebook, twitter, you know, a lot of social Media Companies not only in the u. S. But internationally are blocked already in china so thats been one discussion going on but what has also been interesting is the state media reaction has been pointing to what is described as hypocracy but also a lot of anger on social media here. So unlike the up swell of, you know, nationalism toward huawei, theres been plenty of people calling the founder a traitor and the reason is that nit past hes made some comments about how the u. S. Is a great place because you could have open discussion unlike discussions here in china and so unfortunately there are a lot of people that are saying that, you know, asking him rhetorically if hes happy with the situation now that hes facing in the u. S. A very complex cultural situation for sure thank you for the report on the latest with tiktok so joining me now is the managing partner at msa capital. A chinese based Venture Capital firm that manages 1. 5 billion it also counts uber, airbnb and others as past and Current Investments right now. I wonder if you have been listening to the report that eunice just gave it seems to me that there has to be some kind of a cultural issue developing between u. S. An american governments and the companies as well. What exactly is the future for business between these two countries. This is a Consumer Internet company and many describe it as a Company Global in its core and is chinese by happenstance so the fact that this company is facing massive headwinds. We can separate companies and people from Government Action so as a result it will be a test for others around the world. You may not feel a perception changes unless that system of govern m changes im wondering what this does for businesses Going Forward are u. S. Businesses going to be blocked from doing business in china Going Forward because of this or are there going to be dive divestures from technology Going Forward because of this . What happened with google happened with facebook very similar to offering to selfsanction on the side. And instead they stayed out of the Chinese Market whats incumbent in this situation is to set a clear frame work for all foreign built businesses that want to enter the American Market to give them a clear predictable frame work for which theyll be assessed and data and store that data and also how that storage across multiple different levels. Youre very entrenched with the companies. You do a lot of investments with them what are the conversations like between you and Chinese Companies that you invest in theres frustrations today. I think today theyll seek more lower hanging fruit and theyll have to find a way to work with regulators in the markets to ensure it. Thank you for those thoughts on that relationship complex as it is between the u. S. And china on the business front. We appreciate it still on deck for the show, taking charge, how ceos and u. S. Companies are taking the lead to keep their customers and the u. S. Population safe amid the pandemic marketing and leadership expert will weigh in coming up after this my name is christine payne, im an associate here at amazon. Step onto the blue line, sir. This device is giving us an Accurate Temperature check. Youre good to go. I have to take care of my coworkers. Thats how i am. I have a son, and he said, one day im gonna be like you, im gonna help people. Youre good to go, maam. I hope so. This is my passion. If i can take of everyone who is sick out there, i would do it in a heartbeat. I yeah, everything is runningis smoothly with the now platform. bling see, incident resolved. How did you. Gotta enjoy the small wins. You keep being you, derek. Keep being you. Drop the taco, get in the car. Does this sentra feel like a compromise to you . Wait what . The handling, its good right . No compromise there. Nope. Watch this. Brie brie. sfx rab beeps rear automatic braking. So if this Nissan Sentra isnt gonna compromise why should you . Youre right that a girl. The all new Nissan Sentra. With more standard safety features than any other car in its class. Futures right now. A mixed open the dow jones lower by 45 and the nasdaq by 45 the real outperformer and check out these premarket outperformers in the nasdaq right now. Microsoft up 2 and up 1. 5 and tesla up one and a quarter percent premarket. Worldwide exchange is back right after this businesses are starting to bounce back. But what if you could do better than that . Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. Lookentertainmentour experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. Stocks set to kick off a new month as investors brace for more virus aid talks and another busy week of earnings. Back on, microsoft says its resuming talks to buy tiktok following a weekend of pressure by President Trump on the potential deal for the app and the historic landing as spacex brings a pair of nasa astronauts safely back to earth following their trip to the stars. Its monday august 3rd youre watching Worldwide Exchange right here on cnbc. Welcome back to the show, in for Brian Sullivan lets get to how your investors are shaping up this morning. The nasdaq up by just around 46 points continuing its out performance. The major averages coming off their modest gains from friday but the nasdaq once again the outperformer a 1. 5 gain with the help of blowout quarterly numbers from amazon facebook and apple. The latter apple coming off of a more than 10 gain on friday for the best one day performance since march 13th of this year. Together the major averages are coming off of their fourth straight months of gains the s p 500 seeing its first since 2010 in bonds yields continue to hover near historic lows 54 basis points or. 54 . Or. 11 . In the long bond the 30 year. 1. 22 . Also shares of marathon petroleum. To the owner of 711 chains the deal is the Largest Energy related one in the u. S. So far this year. You can see it there, movement there. About 15 premarket. Were also watching a major deal in health care germanys announcing it will buy systems for 16. 5 billion. The agreement values the u. S. Maker of devices and software for cancer treatments at about 24 above its Closing Price just on friday were also of course watching historic gold trade. That run is still continuing coming off of yet another big record all time high on friday and up more than 9 just in july alone. Thats its best monthly gain since 2016 its also seeing its first five month winning streak since 2010 up another quarter of a percent and trading this morning, 1991. 90 the last trade there but that pales in comparison to whats happening in silver 30 for its best month on record going back to 1984 for more now im joined by Vice President global com. D. Ty strategy and research over at Rbc Capital Markets and the idea here that gold can keep going higher like this is perhaps a little hard to believe but is there still potential u