And his hope to send satellites to space from anywhere in the world. He gets a little support from another billionaire. You are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening from wherever you may be watching. Starting a tradeling week on a tuesday. It is a busy day this will be a big story your mystery stock right now up 20 premarket. A marylandbased biotech company. Nod moderna. Announcing they are already beginning work on trials for a possible vaccine well give you the name and news in one moment. Let us start now on a macro level. There is a lot of green on the screen state side on this tuesday. Dow futures, do you have your coffee yet 530 points thats right the dow already has some mow penti momentum coming off the swing on april 9. Also back to business in lore manhattan on the floor of the Stock Exchange a lot of restrictions but there will be women and men working on the corner of wall and broad this morning also watching oil. It is up more
Battle twith microsoft and the battle with prime. Things were in a different place with layoffs and a big restructuring taking place with the distribution model at the company. If you look at where things are right now, even with some of the downward pressure on stocks across the board, you are looking at the market cap of 1. 9 trillion. The Company Making 575 billion in revenue and sitting on 70 billion of cash. The stock is up year to date and is now up 6 since andy jassy took over from jeff bezos in july of 2021. That was in the middle of the pandemic. We have so much to talk to him about. We will bring that interview to you in the 8 00 hour. As you mentioned, given everything with inflation and the consumer may be feeling at this point, really perfect time to be talking to him about what he sees with his huge Retail Operations and beyond that and what is happening with technology. If you look at where the markets stand after big declines s yesterday, the dow down 400 points. The si
Is down by about 46 . If anything is dragging things down, in the nasdaq, tech. Apple analysts have been lowering projections for the iphone x shipments in the First Quarter of next year. What apple is doing, it is falling today. Another report by another aalysts saying there could be misunderstanding about whether or not some of these reports about demand for the iphone x relate to the iphone 8 or the iphone x, both came out in the same cycle. Heat suppliers feeling the microtechnology down 20 . On the flipside, retail doing very well. Upys, nordstrom, up, kohls most 5 . Of the most since june after a report in the wall street which mastercard stated holiday sales had risen by 4. 9 between november 1 and christmas whicheve, the best day since 2. Analysts saying that strong sales momentum. Under Christmas Trees compared to one year ago. Some of those may be jewelry. The price of gold approaching the highest close since november of 29th. The safe haven more to do with how investors wait
James freeman with the wall street journal who also worked at sec which makes me very nervous and former federal prosecutor, which also makes me nervous, fred tecce. So im just terrified. Were focusing what happened in the case and the deal reached and they have been managing their own money and effectively shut down. What does it mean for all the i . Let me ask you, james. He had four top lieutenants that stuck through him through all this. Tom cahini, solomon kumen. Steve kessler,. Bill hower. Theyre very reclusive from the photos. Not highprofile guys on the outside. They stuck with him. What happens to these people . Based on what we know so far they will be fine. This is largely the end of it i expect in the criminal zone. Now we may see Something Else but i think basically this settles the criminal matter for them. Melissa fred, what do you think about that . Obviously goes a lot further than that because it is not just about voiding prosecution. Where do your careers go from her
James freeman with the wall street journal who also worked at sec which makes me very nervous and former federal prosecutor, which also makes me nervous, fred tecce. So im just terrified. Were focusing what happened in the case and the deal reached and they have been managing their own money and effectively shut down. What does it mean for all the guys inside . Let me ask you, james. He had four top lieutenants that stuck through him through all this. Tom cahini, solomon kumen. Steve kessler,. Bill hower. Theyre very reclusive from the photos. Not highprofile guys on the outside. They stuck with him. What happens to these people . Based on what we know so far they will be fine. This is largely the end of it i expect in the criminal zone. Now we may see Something Else but i think basically this settles the criminal matter for them. Melissa fred, what do you think about that . Obviously goes a lot further than that because it is not just about voiding prosecution. Where do your careers g