and your reporting at politico. thank you for joining us. next, house foreign affairs ranking member michael mccaul talks about u.s. foreign policy, including the north korea nuclear talks, iran s nuclear threats, and u.s. relations with china. held earlier today at the heritage foundation, this is 50 minutes. so i already introduced you nd you were great. i ll start with this question even though it s not un one of the things we talked about. so that was j.b. he s our air force expert at heritage and i brought him in and it was some of the things i thought would come up anyway. not to throw a curveball at you, but the issue we were talking about was we have this situation which has come before your committee where we have in one case a strategic partner, india, talking about in the other case we have the turks who have purchased but not taken possession of an s-400 and we have i think a very clear u.s. policy now that this is just incombatible, that the s-400 and f-
and china are on the brink of a deal to end their trade war. for financial markets today, the glass currently half empty, the ftse down half of 1%. putting the profits in popcorn: we ll meet the man who turned a cinema snack into a foodie delight. a new report says the first three years for children are critical and yet many babies are let down by the state and not ready for school. what is happening where you are? whose responsibilty is it to get the next generation ready to learn? let us know just use the hashtag bbcbizlive hello and welcome to business live. we start with the news elon musk is in trouble again for another tweet. the us securities and exchange commission has asked a judge to find the tesla chief executive in contempt of court, for allegedly tweeting market sensitive information in violation of a settlement with authorities. the tweet in question was published on twitter seven days ago, when musk said ‘that tesla would produce 500,000 cars this yea
annual growth hovering near 3% target top white house economic advisor larry kudlow joins us first on cnbc this hour to discuss. plus, no deal. the trump/kim summit cut short after north korea demanded an end to sanctions for whatever it was willing to give up didn t happen. tech under pressure this morning. we got weak guidance that s sending shares of box holdings, hp square, pobox, fitbit all sharply lower this morning the commerce department releasing its report on fourth quarter gdp. the economy grew at an annual rate of 2.6% in the fourth quarter. that was ahead of expectations it was down from the 3.4% growth in the third quarter due in part to a pullback in consumer spe d spending stocks are on track for the second positive month in a row the nasdaq up almost 14%. how many people missed that rally? it was a nonfang rally. fang has sort of been hanging in there netflix has been pretty good, jim. yeah. i m upbeat. we got a decent number. we know consumer spend
temperatures in the 80s. overnight, temperatures won t drop very much at all. heat advisory in effect until 9:00 p.m. thursday for virtually all the bay area except the coast. and over in this area to fairfield and beyond, excessive heat warning in effect until thursday evening. in just a moment i ll come back and show you when we can expect minor relief and long-term relief as well. we certainly need it, spencer. the bay area heat wave keeping pg&e crews busy around the clock. some in livermore have been without electricity since yesterday. at one point 190,000 customers were without power. fewer than 2,000 are still powerless as we speak. several people found a way to beat the heat at brookley marina today. a couple of guys were learning how to wind surf. that plunge into the bay probably felt pretty good. also a good day to sit and watch the boaters. a perfect day to spend next to, or actually on the water if you had that chance. sitting on the dock of the bay. s
people can t resist the lure of fang. they just can t stay away from my acronym for facebook, amazon, netflix, and google. now, alphabet. there s a simple reason for that. growth. they ve got it. others don t. no matter what. and that s why f.a.n.g. led the charge today. when we look back at what this moment is about, when we search for the ultimate brexit-related worry, it s a recession. the slowdown and uncertainty that this vote triggered turned out to be broader than the united kingdom. not able to separate one country s economy from another at least when it comes to stocks. everything s impacted whether or not it makes sense because stocks trade in baskets, the s&p futures as well as the myriad of etfs out there and the baskets have no rationality to speak of. the same way that a terrorist attack like in istanbul this evening could have ramifications. cnbc will have a special report coming up right after the show. some stocks can get up on their own two feet a lot faster