Look theyre higher across the board. The nasdaq is up by 134. Its early in the morning but these are pretty significant green arrows at this point take a look at whats happening at the treasury market and youll see that right now the ten year is yielding where it has been 0. 996 joe. Tik tok, the latest here. Developing late yesterday, the u. S. Judge blocked an order that would ban tiktok from being downloaded in the u. S. The ruling is the chinese owner byte dance has more time to get approval from u. S. And Chinese Authority which is unclear if that really happens for that deal with oracle and walmart the judge did not clock a much broader ban which is set to take effect on november 12th which the way things are going will be here like tomorrow i wanted 2020 to go quickly but now im thinking its just going too quickly. We wanted to go quickly. Still 2020. You still did your best Barbara Walters with that. 2020. And hugh, hugh had a long illustrious life hugh is gone now but we remem
Good morning, everybody. Welcome to squawk box on cnbc. Im becky quick with joe kernen and Andrew Ross Sorkin well start with the markets after the dow fell for the first time in four sessions. Airlines, cruz and retailers all fell during yesterday sessions those have been the volatile stocks if you look at u. S. Equity futures this morning, youll see green arrows the dow indicated up by 28 points nasdaq up by 24 and s p up 4. 5 yesterday, the dow was down 170. During the course of the morning, we were watching the futures and up as much as 250 in the morning. Weve been keeping an eye what is happening with the treadsry markets. Right now, it looks like that 10year yield is just at 0. 71 andrew good morning. Thank you. United states pulling out of talks with europe to tax tech giants Steven Mnuchin saying international talks have hit an impasse and there wasnt even room for an interim deal it threatened retaliation if they move ahead with plans of their home a number of European Compan
Here the dow fell 300 points on word of the attack, but we are modulating slightly. Treasury yields and crude as well oil prices in just a moment. Tenyear note at 4. 58 the expected run to safety. The question is is this performative to show we are retaliating. The reaction in the commodities market the initial reaction was steep and then we pared the gains. Crude is 82. 57 the story is in brent which surged above 90 a barrel. Were back below the level right now. As for gold, 2 2,395 that is unchanged. Bitcoin had the same reaction as we saw over the weekend with the initial strikes from iran. We had bitcoin now higher at 2. 4 64,882 as we await the halving which is expected over the weekend. Lets get a live report from raf sanchez in tel aviv. Raf, good morning. Reporter melissa, andrew, good morning for a week, the world has been waiting to see how israel would respond to the barrage of the iranian drones and missiles. We have an answer this morning and it doesnt appear at this momen
[ taps is played ] one of the most solemn duties the president has laying that wreath at the tomb of the unknowns and the last time barack obama will do that as president of the United States. We bring you back home to post 9 on this veterans day. We continue our discussion about the markets. Mike was just mentioning the tech selloff. We have singles day bringing the move in chinese ecommerce into sharp relief today, david. And certainly the prospect of a Trump Presidency and what that will mean to china u. S. Relations is also important. They are setting records again on singles day. As expected, the growth rate, though, in terms of year to year, how much gmb is being sold is decelerating, while large numbers certainly playing a role there. But they passed, what, over 17 billion. This started a number of years back with the management at ali b baba led by jack moss said we need a singles day, go out and buy yourself something. Its translated into the largest single shopping day in the
Morning. Hall, watching the hot products on ebay. So far its been hoverboards, its been star wars merchandise. Whats your insight when you look at the hot products and categories . What you do you think is going to be popular not just through black friday, but the holidays . Its early. But were excited about the Performance Today excellent thanksgiving for us. And black friday is off to a good start. Toys are hot this year. Not just hoover kiloliter boards, but also the barbie dream house, mechanoids, s. T. E. M. Related stuff. Game stations and xbox and playstation 4s are always hot. If it says apple on it, it sells so looking forward to getting around those types of items. Let me switch gears and ask you a few questions. I know your investors have. Your gross merchandise volume. Single digits, last quarter, around 3 , i know analysts, how do you grow so its more in line with the broader ecommerce brands . Were focused on executing our strategy, which is bringing the unique inventory