Capgemini buys Digital Services firm altran in a deal worth 3. 6 billion euros sending shares in both companies higher. And ecb Vice President denies low rates have hurt profitability of the regions banks and says foreign merger activity is indispensable. The iranian president has hit out at the latest round of u. S. Sanctions and says they will fail. He told state television that the measures show washingtons desperation and that tehran is practicing strategic programs. President trump described the u. S. Penalties as proportionate in terms of a response to irans shooting down of an unmanned drone over the strait of hormuz. He urged iran tone gauge in talktal to engage in talks. My only message is he has the potential to have a great country very quickly he should do that rather than going along this destructive path destructive for everybody. We cant let him have a Nuclear Weapon he says he doesnt want Nuclear Weapons. A great thing to say a lot of things have been said over the year
Weeks g20 meeting. We are just higher on the s p. We only need one basis points of gains the s p 500 with a the dow is up and the high is up one 54 the nasdaq is just lower joinin us to break down the with these record highs for the value. What have you been buying this week question. We try to buy what others are sellin we are not momentu players whats out of favor is anything cyclic the economy will head south and you have defensive stocks at cheap. Banks, pick out one that rules, but one is if you ever bank, thats almost always a great opportunity. Gold men sacks is trading and you get the franchise for free thats only fractionall above. This i a broad sector sell dow or is it goldman saxspecifi a timing situation. As you know, the market tends to focus shortterm in the long run, the opportunity to buy these names is a great live during the show at 4 30 lots discussion on the storie of the day, bob pisani bob, l start with you. Thats around indeterminat 2. 5 on the week. I would say
Unreasonable. Ev price wars back on. Tesla cuts price on some models in china the American Consumer just continues to spend andnot just on the essentials. Latest figures from mastercard it is the latest on monday, august 14th, 2023 of t you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im dominic chu in for frank holland. Lets check on the futures it is on the Positive Side of things dow implied higher by 33 points. S p implied higher 8 nasdaq is 46 points of the dow riesing in the last fou of five weeks. The tech sector has been stumbling. Nasdaq with the pullback of 4. 5 the worst stretch for the index going back to december of last year checking on the bond market. Yields in focus. 4 level in key. We are there for the 2year treasury or rather the 10year treasury the 2year treasury is 4. 9 . A bit of a pullback on the longer end 30year treasury is 4. 26 . In energy, oil prices are still a little high. 80 for u. S. Benchmark wti down. 50 . Si
After day. We will see if a rally can hold into the final hour here. The dow, itself, up 106 points also in record territory. And helping the market today, the house passing its 2018 budget, thats a first step toward getting tax reform done and how Speaker Paul Ryan will be holding a News Conference on that very topic later this hour. Well bring it to you live as soon as it begins. The dow up 40 points. When they announced they passed a budget, it was sudden i up 100. Its looking for right now. The Amazon Effect strikes again. This time fedex and u. P. S. In its sights see both those stock are lower detail on that coming up. We begin with the netflix stock jump today and the companys move to raise the price of its most popular streaming plan by 10 , which sounds like a lot, but its 1. Maybe it is a lot. Well, it could be, but, you know, i dont think its going to break too many banks. Julia boorstin has details for us julia . Reporter thats right, bill. Analysts, investors dont seem to
Series planet of the apps to talk about this move lower today for snap and in general back down to the ipo price. A lot to talk about with jeremy liew. And bitcoin investments. Hes hot on bitcoin right now. A lot of that coming up in a bit. Plus, alibaba is hold be an avent to attract u. S. Entrepreneurs. The vice chair of the company joe tsa i will join us for an exclusive interview with david faber to talk about that strategy the latest now out of washington and theres been plenty of House Speaker ryan, are you saw that speaking to cnbc last hour about tax reform heres what he told Brian Sullivan when he asked him if he would support a push for a 15 Corporate Tax rate. I would love it if we could get the numbers to make it work. Do you think you can . Im all for it, something thats actually possible were going to spend all summer long drafting and getting what we call scores, getting the numbers to work. We being the house tax writers, the senate tax writers and the white house and t