Long wetlands on china, is starting to look like its biggest handicap. Going global. We hear exclusively as the Company Lands a worldwide expansion drive. Look atts have a quick how markets closed. 500 closing near session highs. Every sector was in the green. Communication and tech stocks leading the gains. The nasdaq was higher by 1. 3 while the dow gained 270 points. We had more positive sentiment when it came to trade both in the u. S. China front but also in the u. S. Japan front. President trump opened the door for a potential sit down with the iranian president. Thin. S were u. S. Futures at the moment not doing much. Lets see how we are setting up asia. Selena nursing mark green across the board. We are thinking we stocks trading almost at. 8 . Whipsawed by being the backandforth escalations of the trade war. There are fears of a global recession on the rise and rising protectionism in the calendar. Investors seem somewhat the ebullient again. Oil futures with changing rhetoric
After backlash from key democrats including aoc. Now, the cancel New York Times is trending on twitter. Media Research Center is here to sound off. Thats coming up as well. Meanwhile markets snapping back after they signaled they will hold back after further devaluations of the currency. The dow finishing up more than 300 points, recouping some of its losses after plunging 767point yesterday. That was the worst trading day of the year. Traders were relieved that china seemed to blink today but washington is pushing ahead on labeling beijing the currency manipulator. Joining me now, i carol roth, zachary and steve forbes, despite todays truths by Chinas Central Bank the war words continue with the chinese saying labeling beijing a currency manipulator will severely damage financial orders and cause chaos in financial markets. Is there anyway to strike a deal with the rhetoric getting so hot . David, i think the biggest impediments to us striking a deal is not the rhetoric, is that the c
Joining me on the panel today, gary b. Smith, christina partsinevelos, john layfield, and mr. Steve forbes. Sparking the sell off today, the two and tenyear treasury yield, their curve inverting for the first time today since 2007. I know its a lot of gobbley goock but this move has been a flashing red light ahead of almost all the last recessions for the past 50 years. Heres former Federal Reserve chair janet yellen in a fox business exclusive. Listen. Are we going into a recession so i think the answer is most likely no. I think that the u. S. Economy has enough strength to avoid that, but the odds have clearly risen, and they are higher than im frankly comfortable with. David steve forbes, do you agree . I think we should avoid a recession, david, but the key thing is not about inverted yield curves and stuff like that. Its about what happened on fox this morning, an interview with Peter Navarro who took a very very hardline, undid the good feelings yesterday that were back to the n
Better than sxiktestimates. Road map begins with slowdown concern, tariffs and decelerating Global Growth weighing on the economy in q2. Top white house economic adviser larry kudlow will join us first on cnbc. We have investors buoyed this morning by strong earnings from tech giants such as alphabet, twitter, and intel all of those stocks pointing to a higher open. And starbucks rallying as well as sales surge. The coffee retailer raising its outlook. Kevin johnson joins us first on cnbc this hour futures are higher on those upbeat earnings. Gdp did slow to 2. 1, but beat expectations earnings big picture today googles parent beating big on both the top and the bottom lines. Twitter also beat the street, reporting 139 million monetizable daily users, more than the street had been looking for. Biggest number in about two years. Amazon did miss on earnings, revenue was ahead. First time in five quarters that amazon did not post a record profit, taking a hit from shipping costs the thesi
Straight day of declines the nasdaq trying to snap a twoday losing streak. Industrials the worst performing sector following a downgrade of 3m, and for more on all of this and what is sending the dow lower today, lets go to bob pisani at the New York Stock Exchange an important thing, scotty, here is were down three days in a row, and this is not so much i would call searching for direction as i would say that we really need to figure out where the market is going. Were waiting for news, essentially here were waiting to see if the fed really decides they needed to cut rates aggressively, we really need to see if there is any progress on trade. And we really need to find out if the earnings estimates are too high going into the second half of the year take a look at some stocks moving here. The good news, the low print was at the open. I see semiconductors like advanced mike row are doing well, all the metals have had a terrible year. They have no traction at all amazon has a new breako