Since President Trump and president xi met at the g20 last month. The uk ushers in its new Prime Minister, but can it get brexit back on track and your stockof the day snapping back. Shares of snapchat roaring in premarket trading. Could it be a sign of better times ahead for evan spiegel and the Company Overall . Its wednesday, july 24th. Worldwide exchange begins right now. Good morning welcome to Worldwide Exchange. Im dominic chu in for Brian Sullivan we have Team Coverage on all the manger sto major stories impacting markets. Ylan mui has all things big credit technology. Patrick palfrey is on set with me digging into the earnings story and eunice yoon will have the latest on the u. S. china trade talks. We started in ylan in washington with big tech and the juscrutiny they face. Reporter the review will scrutinize online leading platforms to see if they are harming consumers. In a statement it is said without the discipline of meaningful market based competition, digital platform
Fall to the lowest since late 2015 as Jerome Powell opens the door to a july rate cut but investors ask, will he cut by 50 basis points . Packed, governor kuroda due to speak imminently after keeping policy unchanged this morning. The yen holds it strongest level against the dollar any year. Economists expect the bank of england to strike a hawkish tone but hold steady on rates as the candidates for next Prime Minister are whittled down later today to two. Good morning. Matt we are less than half an hour from the european open and i want to show you a quick chart of gold. Ands a hike in your chart we are at the highest level we have been in half a decade. 4. 70 1340 dollars. When the fed cuts rates, treasuries look less attractive as a competitive asset to gold and that is why you get the lift in the price. Lets look at the futures. We are looking at games. Plea gains. We didnt have massive rallies in u. S. Stocks. He had rallies in bonds around the world. I see green boxes, but we do
Undermine the basic security and privacy interest of hundreds of millions of people around the globe. Laws an argument citing all the way back to the 1780s and more specific and more recent cases that the government cannot compel at to do this. It is a powerful response. Off the record briefing even as we speak over this case. The rhetoric is eating up here as apple response to the governments request to show them how to break into an iphone with the fear that this would be the ability to break into all kinds of iphones. Apple is also citing the history of hacking and the u. S. Government saying by opening this phone up to the previously unknown ability to hack it, it would open up all kinds of phones to all kinds of risks to foreign governments and beyond, even citing the case when the office of personnel and the u. S. Thernment was hacked into private records of Government Employees opened up. A powerful response. On the not moving particular move as we anticipated. What is the next
Monitor developed determining how long to keep rates low. That officials have now kept their target in the range of near zero two quarter of a percent since december 2008. Major leadership overhaul at mcdonalds tapping Steve Easterbrook to be the new chief executive. Replacing don thompson in march. Thompson have been ceo for less than three years, let the restaurant chain through its worst sales slump in more than a decade. The donalds hopes easterbrook a different entire company what he did in his native u. K. Credited with boosting business there, tweaking menus, and taking on critics. Facebook is putting its foot on the gas pedal and accelerating spending even as sales growth slows at the social network. Mark zuckerberg says the strategy builds in the companys efforts from last year. 2014 was also yield a Big Investments. This year, we made big bets in the next generation of communication and computing platforms requiring two apps. Focusing on serving our committed the better, rais
Misty on the way to work so you will find water collecting on the windshield but it is not enough to make a big impact on the commute. The san mateo bridge has traffic running smoothly and starting on friday at 10 00 p. M. All lanes on both sides will be closed for construction and they are going to finish the repaving property at the highrise. San jose is 87 beyond the tank and the traffic is smooth and quiet but we have a big accident near sfo with the details straight ahead. More now on breaking news we are following with amber alert issued for sixyearold girl abducted from san jose around 1 30 this morning. Her name is ava. She isings. Hispanic female. 3 tall and weighs 60 pounds with brown hair and brown eyes and last seen wearing a blue mini mouse shirts. There are two suspects, a 39yearold black male last seen wearing a pink shirt. And the second, dawn attkisson white female, monday hair and hazel eyes. Suspects last seen driving a dark cruz chevrolets california license plate 6