Earliest investors. Plus, fedex drops amazon. The delivery giant will not renew their ground delivery contract with amazon as the online retailer expand in its own logistics and shipping gain. We will talk to one of the Founding Members of fedex ground. And, new phones, new features. Samsungs first look at the new galaxy note 10 and 10 plus from its brooklyn event in new york. Weve got all the details. A rebound in tech shares helped fuel recovery in u. S. Equity markets. The day started wednesday with an ugly open as traders hit the eject button without any clear catalyst. But an early turnaround in names like broadcom, apple, helps erase losses among major indices. ,nd speaking of Broadcom Symantec surged in after hours trading on the news, up as much as 20 . Field the gains the s p largest seen since last year. The nasdaq closed in the green, while the dow was fractionally lower. Joining us to dissect the moves is our senior markets editor. Talk to us about broadcom here. The report
Yesterday. Big seller, big buyer, big seller, big buyer. Really kind of crazy but there we are more or less back to where we were a couple days ago before some of the recent volatility, of course well get to why things have calmed down a bit. Lets get to our road map. It starts with that pause in volatility stocks pointing to a higher open youve seen of course the bond yields are stabilizing a key downgrade this morning shares of kcaterpillar lower wih concerns about the trade war with china and some earnings bright spots lyft and roku both surging ahead of the bell. Well also get to other names as well lets begin with the markets futures, as you saw, pointing to a higher opening on wall street, this following the s ps biggest intraday come back of the year global bond yields are stabilizing. Investors digesting better than expected trade data that came out of china in terms of exports there. An escalation in trade tensions between the u. S. And china has accentuated fears in recent da
The chips are off the table. Symantec and broadcom have halted deal talks. Where does that leave them now . First, to our top story. Big tex the big issue on capitol hill this week. Tech the big issue on capitol hill this week. Tuesday and wednesday, they will hear from facebook on libra. Before the testimony steven , mnuchin taking aim at the social network. The Treasury Department has expressed serious concerns that libra could be misused by money launderers and terrorist financiers. Emily also tuesday, representatives of facebook, google, apple and amazon will defend their companies in front of the house judiciary in a hearing on antitrust. Their goal is to convince lawmakers they do not stifle competition. To discuss, our guest in washington from a nonprofit focused on shaping Public Policy for an open internet. Before that she was at the Anticompetitive Practices Division of the federal trade commission. And we have ben brody. Who covers Technology Influence in the capital. So man
Her tenure at the International Monetary fund began after predecessor Dominique Strauss kahn resigned in disgrace with guards views on monetary matters are orthodox in line with her peers among managers of Global Financial institutions with the rule proving exception of her belated concession that significant debt relief relief would be required for greeces economy to recover his lead guard has previously served in french ministerial posts for trade agriculture and finance while the guard does not inherit the media crises that challenge her predecessor mario draghi the next president will have to manage disunity and acrimony within the eurozone as well as the festering global trade disputes of the trump era as the guard has repeatedly warned of the risks of those those fights presents to the Global Economy but the risk of her show up a decline in global growth. Increased. And so did you a political. And disappointing long term Growth Prospect and you have an economy. With a pretty clea
Just out he says that we know we need to take the time to get this right. And he expects that the time between now and the launch period will be an open process and he acknowledges that it will be subject to Regulatory Oversight and review he also says that he agrees with the concerns of fed chairman jay powell, that reviewing libra needs to be a patient and thorough process rather than a sprint to implementation david marcus also calls Economic Empowerment one of facebooks core values. Thats why theyre participating in the development of this currency he says and emphasizes that libra will be a payment tool and not an investment. He likens it to cash rather than to boyitcoin but he also lays out the danger of failing to act. He says that if the u. S. And facebook does not take the lead on this issue, we could soon see a Digital Currency controlled by others, whose values are dramatically different so there you see david marcus agreeing that the organization that will create this Digit