Administration or a new term of an Old Administration depending what happens, but in time for the stocktaking going around the world on how to open the economy when the u. S. Has behaved as it has for the past four years, but also equally importantly, when we are all facing the vulnerabilities that came out of the pandemic. Before introducing my colleagues that will be speaking today to the National Economic council and the economic advisers and trade policy and industrial policy about the u. S. , china dialogue, let me say a couple of words about the rebuilding project. We come from different classes but they reinforce each other paid we went through decades in which they went handinhand, the International Peace and posterity. That has not gone well since the Global Financial crisis and the pandemic has intensified those actions. Face, real risk we all Climate Change, technological slowdown and oppression and disinformation and the loss of privacy are all rising in a world in which th
Welcome to squawk box. Im becky quick along with joe kernen and Andrew Ross Sorkin. Futures are indicated higher this morning, triple digit gains for the dow up by about 167 points but yesterday was a big down day for the markets. Dow was down by over 400 points, 1. 4 the s p and nasdaq done evz nasy even more. This morning s p indicated up by about 25 and nasdaq looks like it would open up by over 100 points fairly significant obviously everybody watching what will be happening with the stimulus talks with the deadline that nancy pelosi has said for later today. Lets take a look at the treasury markets ahead of that, you will see that the ten year looks like it is yielding 0. 777 so a little stronger yields for the treasury markets right now but andrew, obviously washington is where people are watching and that is exactly where well go because House Speaker nancy pelosi and Steve Mnuchin are saying that they are making progress in their latest stimulus talks with time running short of
Court helped to pursuant to clause 8 of rule 20, the Unfinished Business is the vote on the motion of the gentleman from california, mr. Swalwell, to suspend the rules and adopt House Resolution we break away now and go to the house floor for one more vote. The clerk resolution reaffirming the house of representatives commitment to the orderly and peaceful transfer of power called for in the constitution of the United States and for other purposes. The speaker pro tempore the question is, will the house suspend the rules and adopt House Resolution 1155. Members will record their votes by electronic device. [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedcaptioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u. S. House of representatives. ] the speaker pro tempore for what purpose does the gentleman from georgia seek recogn
Live this hour. Plus records watch, the plus ive got it, carl the dow aiming to erase 2020 losses and the s p heading for the best august since 1986, kelly. Wow and cocacolas restructuring strategies amid plans to streamline the drink portfolio they are setting voluntary job cuts for thousands of its workers. David, it is friday, and kelly, friday and you just sort of think back to what this week has brought us, guys alltime highs, obviously news in sports in the nba, hurricane laura, the rnc and we will hear from what the president said last night tiktok, microsoft, walmart, oracle, you name it, david, but large discussion this morning about how the thing thats going to probably stick with us for the weeks and quarters to come is going to be that historic powell speech and we will have to decide whether this long end is bringing us noise or something more yeah, i mean, im glad kelly is here because im sure she was home studying every word after it took place, as you know, not my area
How apples shakeup is driving the blue chips plus the online surge, best buy notching is 242 gain in ecommerce sales in the Second Quarter but can it last . Trade optimism, u. S. And china officials reaffirming their phase one commitment, the s p is poised to add to its record run. Jim, i saw you last night mentioning those changes to the dow and your general point was dont be fooled in thinking there is as much money indexed to the dow as to the s p. We said that last night, its been the theme all morning and theres been no sellers. One of the reasons theres been no sellers are the people who are now trading stocks in early hours have tremendous conviction in the face of being wrong its rather incredible because the hubris of these people they must think dow jones has a lot of money to it and it has to come out of exxon and into salesforce david, you have been at the forefront of the network in explaining the nature of the dow and you see this, too. Arent you shocked that even after w