The model 5 new as elon musk does a huge stock split, five to one. And when does 20 equal 80 . It is your morning riddle. It has to do with bonds and yields were going to show it to you coming up in your rbi on this wednesday, august 12th and this is Worldwide Exchange right here on cnbc. Well, good morning, good afternoon, good evening and welcome from wherever in the world you are watching im Brian Sullivan the rbi is really interesting today. It maybe, just maybe shows you how price sensitive allamerican borrowers really are thats coming up well get that a bit later on in the show right now lets get to the market futures are back on the rebound. Up another 250 deja vu all over again thats where we were yesterday higher across the board. Today many technicians might say an important day because we had that huge reversal in the final hour of trading. The s p 500 which at one point was within half a percentage point of the interday alltime high closing lower Major Technology leading that decline with the nasdaq falling more than 1. 5 that marks the indexs Third Straight day of losses thats the first time thats happened to the nasdaq all the way back on march 9th. Wow, prelockdown traders looking to see if the up trend is still intact or was yesterdays turn a real turning point . Also, weve got to check live trading silver and gold. The inflation data, Producer Price index coming in hot. Gold got utterly smacked down a little bit now at 10 bucks an ounce silver held up better but is down 1. 5 . Lets check around the world. The show is called Worldwide Exchange, right shanghai falling nearly 2 there. You can see its mixed in europe main land china down hong kong and japan are higher as well. The u. K. Economy revealing that the economy there contracted by 20 in the second quarter. Of course, the lockdown is absolutely hammering Economic Activity there as well all right. Well get back to the markets now. Big news in the 2020 race. Joe biden officially naming senator Kamala Harris as his running mate decision, historic one with harris being the first black woman to ever appear on a Major Party TicketScott Mcfarland joining us now with more from washington. Scott, biden and harris set to make their first appearance together physically. What can you tell us reporter brian, its going to be a midday appearance and the presumptive president ial nominees hometown in will ming done, delaware it is an historic day like you say. First major Party Candidate woman of color for vp. The historic announcement was made electronically. Joe biden and Kamala Harris spoke by zoom. Then the former Vice President tweeted harris is a fearless fighter for the little guy and one of the countrys finest public servants. They say harriss record will boost a Biden Campaign thats already consistently leading in the polls. It gets us out of the valley and not to the mountain top. Biden harris can get us to the mountain top. Shes a big tax razor shes a big slasher of funds for our military plus she was very, very nasty. Kamala harris ran for president by rushing to the radical left. Reporter the Trump Campaign pinned a video to his twitter page her four years included high profile questioning of then Supreme Court nominee brett kavanaugh. Thats where the federal government must step in. Reporter in her run for the president ial candidate. Let me take this opportunity to welcome her to the race reporter shell spar in a primetime debate. They will be a great team she will do a great job counter punching donald trump. Reporter swinging from both sides has already begun. In a statement former president barack obama said joe biden nailed this one. Live in washington, im scott mcfar land, back to you. Now to the latest in the race for a virus vaccine as the Trump Administration striking a deal with one of the key players in that race frank is here with more on that and this mornings other top stories. Frank, good morning. Good morning to you, brian. Thats right President Trump announcing his administration has reached a deal with moderna to manufacture and deliver 100 million doses of the companys covid19 vaccine once it is approved. Under that deal worth 1. 5 million, the doses will be owned by the u. S. Government and will then be used and distributed shares of moderna jumping on that news almost 10 . Meanwhile, Mitch Mcconnell is calling the white house and Democratic Leaders to restart talks on a virus relief package. The two sides havent met since friday in an interview, he said its time for everybody to get back to the table though he gave no indication that he would reach out to Democratic Leaders themselves shares of tesla on the rise after they announced a five to one stock split. The split goes into trading after the 31st it does an an impact. Its a big psychological move youre getting 1 5 of a stock but youre paying less you eventually forget its 1 5 of the original stock. Well see if it works. Stock up 5. 5 . Thank you. Thank you, brian. Back to the macro markets. We are joined by matt maley. Today i called it at the top of the show an important day. I said that not lightheartedly only because this bearish engulfing pattern, some of this technical stuff we can do. That violent turn yesterday if we can rebound from that, does that give you more positive momentum if we dont, then what its a key day for the marketplace. It wasnt just the stock market that saw a lot of volatility we saw what happened with the dollar that bounced at a decent manner and what we saw happening with gold and Interest Rates the thing is, therefore, if that volatility picks up, if we see it in the entire market, not just the stock market, it tells you were about to hit a more volatile period in general whether we see it today or later this week, it would be a problem. Now right now it doesnt look like thats going to be the case up 262 by the way, no russia alleged vaccine news today if we are able to rebound and continue that up trend, does that make you more bullish for the next couple of weeks and months through what is historically the worst month of the year for the stock market . Were vulnerable. Look what happened to gold yesterday. Its comical the way some people were trying to put fundamental reasons for this decline when the news came out yesterday because of higher Interest Rates, real Interest Rates we have a number of a ppi number that should have been positive for gold. Higher than expected its bullish for gold. What happened, it was already down we got it even further why . It was incredibly over bought. It was incredibly over loved got ridiculously bullish everybody was on one side of the boat it had nowhere to go down but on a shortterm basis sometimes markets and stocks move for reasons with nothing to do more than long term fundamentals a lot of these negative tech stocks have these similar types of moves i think theyre all vulnerable to 10 pull backs. It could be worse when you get the algos. Apple could fall 20 and still be above its last february highs. It would present a great opportunity. It would be scary and could cause problems. Lets talk about the president ial election not from a political point of view but from a market perspective as you note, im going to quote you, back to you, matt, how do you like that . Since 1960 theres been 15 president ial elections in 12 of them, which my math tells me is a lot of the percent, the market tends to rally from about now through the end of the year because politicians on both sides tend to promise a lot of things do you think this year because we have this pandemic you may have heard about will be any different . Actually, the the starting day is around election day, not right now. The starting day is around election day to the end of the year. Okay. People should be looking to buy. The market may go down if it looks like its going to be a democratic sweep, maybe the market goes down going in or immediately after. People should buy. The average rally is between 5 to 8 . Three times, two of those times the market was flat. However, the one time where it didnt go up, it didnt rally was in 2000. That was the year where we had the contested election if we go into election day, youve loaded up a little bit, you want to peel some off very quickly if it looks like it will be contested, we wont have a declared winner immediately. All of the mailin, a lot of people concerned about that. I misquoted you, back to you from election day to the end of the year 12 or 15 times going back to 1960, very positive. Big day. Well let you get back to it we appreciate it, buddy. Thank you. Thank you, brian. All right. When we come back, new privacy concerns surrounding tiktok and more claims of user data if your kids or your friends use the app, youre going to want to hear this story. Plus,bu plus, burgers and fries. Bad news for College Football a shut down in the big ten and the pac12 postpone play will the other three conferences follow suit. Wait to find out futures up 275 were back after this. Guy a promotion. You should be mad at forced camaraderie. And you should be mad at tech that makes things worse. But youre not mad, because you have e trade, whos tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. Dont get mad. Get e trades simplified technical analysis. I keep working my way back to you, babe with a burning love inside yeah im working my way back to you, babe and the happiness that died i let it get away servicenow. The smarter way to workflow. Puts its customers a wiin charge . Rier well, the good news gets shared. And it gets rated 1 for customer satisfaction. But dont just take our word for it. Take theirs. Its your wireless. Your rules. Only with xfinity mobile. Call, click or visit a store today. Welcome back and good morning. More big and potentially bad news for fans of tiktok. The china based app reportedly bypassing privacy policies implemented by google and the android operating system all in a bid to collect user data this allowed the tiktok app to track users online without allowing them to opt out that would be a violation of googles policies. The journal citing mobile phone security expert says the tactic was concealed through an unusual added layer of encryption. The report comes as Tiktok Parent Company bytedance faces pressure over concern Data Collected by the app could be used to help the Chinese Government monitor american citizens. Amid the continued tensions between the United States and china, shake shack is actually setting its sights on the Chinese Market to try to jump start its growth the company is opening the first restaurant in beijing as it lays out big expansion plans for the next decade. Eunice un joiniyoon joining us. Did you get a chance to sample this reporter i did i did. A lot of fun here. Shake shack has arrived in beijing. The Company Plans to open two more stores in Greater China this year with the overall goal to open 69 stores by 2030. So like so many other american companies, shake shack is betting big on the Chinese Consumer peoples dining habits are changing, their diets are changing and shake shack is doing a little bit of changing itself by experimenting with its menu its included, for example, a beijing fruit into one of its shakes also a traditional pastry in its ice cream and they also added chicken on the menu here making sure that that item was here just because chicken is quite a bit more popular than beef at the same time, so far the reception has been pretty good with the beef. The classic hamburger, brian, is the most popular item apparently, at least talked about on social media. And also whats interesting is that i think theres a bit of food diplomacy going on right now because there were a surprising number of people today who said they came out to shake shack because they had either herd about the burgers or sampled them when they traveled to the u. S. And that they missed them in fact, one woman waited for five hours to get a hot dog. I didnt get a chance to try the hot dog but i think it must be pretty good. I didnt want to wait five hours. Five hours for a hot dog. That seems a little bit extreme. Now, eunice, obviously were seeing video very crowded of course, things new tend to get a lot of attention whats the menu difference between the United States obviously very basic burger, chicken shack, nuggets, shakes as the name implies what are some of the unique items there . Reporter the unique items are mainly with the desserts the shake. There is a shake that has a beijing fruit. Its called a hawthorne but i dont know how else to explain it, but its something thats popular and candied in beijing they managed to crush that up and stick it into a shake. They also have two different ice cream items. So one includes chestnuts and the other one has a beijing traditional pastry personally, im not a fan of that pastry, but ive had the ice cream and it was really sweet and very good. I think that anything that has ice cream to it though is probably going to be a big win oh, yeah. Throw a little ice cream on a burger im kidding. How big are their expansion plans, eunice . You have one in beijing. What are we talking about here reporter well, the expansion plans, they do have one in beijing. They have five stores in shanghai they have their eyes set on southern china, that includes hong kong as well as macao the overall goal, like i said, is to try to have 55 in Mainland China and 69 in Greater China. A lot of that is because like so many other companies, they see beyond the pandemic. Businesses here have been affected but they do see longer term people here are going to continue to get wealthier and continue to want to try different types of food. Shake shack mid levels in hong kong. I can see it coming. Eunice yoon outside of a shake shack in beijing which looks to be doing a robust business eunice, always appreciate it thank you. All right. Still on deck, well go from restaurants to retail and how many more retail bankruptcies could just be on the docket this year your next guest going to let you know and maybe what companies they may be. As we go to break, lets take a look at shares of microsoft. The Company Announcing new xbox series x will launch in november, but one big flag ship game halo infinite. Important stock. Dow tufures up 280 back right after this. Lets get a check on other top headlines outside of the world of business including bad news for College Football fans Frances Rivera is here. Reporter we start with another day of protests that are sweeping across belarus. The companys president has cut off internet in hopes of ending demonstrations that sparked after the election protesters say the process was rigged the Opposition Leader said she fled the nation for her familys safety. Big time College Football programs will not be taking the field this season. Two major conferences, big ten and pac12 are announcing they are postponing all sports for the fall season over coronavirus concerns they join the Mountain West and midamerican surfaces. Theyre eyeing a possible return in the spring. The worlds last blockbuster, yeah, there still is one, its renting out more than movies. Its transforming into a 90s theme airbnb in oregon it will be listed for three onenight stays in november but only to county residents they can live out their movie dreams for four bucks a night. Thats a steal since the rentals are 3. 99. No word on Late Checkout fees. They can add up to more. They are not kind if you dont rewind you can put a vhs in front of my kids and they would have no idea what to do with it. Youre so right anybody remember tracking . Tracking you had to adjust the knob. You had to tweak. Tweak it. The tracking is off. By the way, i bought my daughter a couple years ago an adel cd. She said, thanks, dad, what do i do with this this is my phone case my kids get a kick out of that one. What is this i like that tdk, i used to make mix tapes for the high school girlfriend. There you go. A lot of richard marks. Journey foreigner. Styx dont get me started. Styx. I like it mr. Robot tow, lady. Id like that. Tommy shaw, by the way, of styx, a big friend of cnbc thank you. Nice. Good stuff there. Paradise theater. Going way back coming up, were Going Forward joe biden tapping Kamala Harris and his bid to beat President Trump in november. Sarah bianchi will lay out what the 2020 election may now look like for economic and investment policy 90w futures up 2 were back after this. What happens when a wireless carrier puts its customers in charge . Well, the good news gets shared. And it gets rated 1 for customer satisfaction. But dont just take our word for it. Take theirs. Its your wireless. Your rules. Only with xfinity mobile. Call, click or visit a store today. Call it i hump day bounce back stock futures up 280 stocks snapped a sevenday winning streak. Decision 2020. Joe biden picking Kamala Harris as his running mate in an historic decision. Well lay out what it means for your money and the economy. And making a play from a retail investor. Tesla announcing a new 5 a 5 for 1 stock split that is. Shares, they are higher on this wednesday, august 12th this is