Assetings a part of the new strategy . All that and more on the nightly Business Report for tuesday, may 6th. Good evening, everyone, open sesame, ali baba could be spreading message on wall street. Or thats the hope. They filed paperwork with american regulators this afternoon so it can sell its shares here in the u. S. Market. They have been often described as chinas amazon, ebay and pay pal all rolled into one internet powerhouse. It could be the biggest ipo since facebook went public two years ago. We have more about ali baba. John, i know you have been pouring over these hundreds of pages, what new do we know about this company . How big is it and how might it change the whole internet world now it will be a Public Company . Susie, one of the things we know is their ambition is they want to serve china primarily. A lot of people are wondering, do they want to expan to the u. S. . At least based on what that you see here, they are still focused on china. Now the value of the goods
Assetings a part of the new strategy . All that and more on the nightly Business Report for tuesday, may 6th. Good evening, everyone, open sesame, ali baba could be spreading message on wall street. Or thats the hope. They filed paperwork with american regulators this afternoon so it can sell its shares here in the u. S. Market. They have been often described as chinas amazon, ebay and pay pal all rolled into one internet powerhouse. It could be the biggest ipo since facebook went public two years ago. We have more about ali baba. John, i know you have been pouring over these hundreds of pages, what new do we know about this company . How big is it and how might it change the whole internet world now it will be a Public Company . Susie, one of the things we know is their ambition is they want to serve china primarily. A lot of people are wondering, do they want to expan to the u. S. . At least based on what that you see here, they are still focused on china. Now the value of the goods
Why are some drug prices so high and what can and should be done about it . All that on thursday may 22 for nightly business report. Good evening, everyone, a big surprise from hewlettpackard today. But not a pleasant one. It accidentally released its Second Quarter earnings about an hour early while the markets were still open. The report was scheduled to come out after the closing bell. Well, investors were puzzled by the change, disappointed in the results and it didnt help the shares either. The worlds biggest computer maker continues to struggle to stay relevant in the world of mobile devices and cloud storage, it is no wonder they announced more job cuts for a total of 50,000 employees getting the axe. For the earnings, 88 cents a share in line with analysts estimates, revenue continued to decline and then and thenarrowl forecasts, shares fell slightly in late trading after sliding 2 and a half percent during todays session. Now, more on hewlettpackards results and the one big ta
Collapse, which companies should get together well sneak a vc who has some surprising ideas brian . Thank you very much call it postfed hangover. The dow is not down much the nasdaq is down over 1 thats been the trend for the year, as has this. Energy old oil and gas is the best performing sector once again, led higher today by conocophillips they had blowout numbers apa, used be called apache, marathon at the same time the white house is calling for more fossil fuels, more drilling could be very good for these companies. In the treasury market, the yields are popping troyear yield trading at highest level since 2007 Rick Santelli is at the cme as yields continue to pop sevens are wild twoyear note yields on the highest pace since 2007. Brian nailed it. The threeyear note yield was dabbling in and out. It needs to close above a 4. 65 yield to make a new cycle highyield close would does any of that matter . Its very important to realize that when we have tbill auctions on monday and tue
Macroeconomics warning, fedex is taking new action to shore up its bottom line. And House Republicans prepare to layout the agenda if the party is able to retake control of congress with just about six weeks to go until the allimportant midterm elections. And later on, pepsi relinquishes the super bowl halftime throne to one Little Company from cupertino it is friday, september 23rd, 2022 you are watching Worldwide Exchange on cnbc. Good morning im dominic chu in for Brian Sullivan lets check on the stock futures. With the dow and s p and nasdaq set to end the week sharply lower. Right now, futures are pointing to 157 point drop for the dow. S p down by 24 nasdaq down lower by 92 points on the bond market, Interest Rates are a big folk focus withe by the fed a hike in the 10year treasury 3. 717 2year treasury is the 4. 16 inversion is still taking place with yields are shortterm are higher than longerterm bonds. Right now, in energy, oil prices taking some moves here in stride what we