That there could be enough evidence in the report to indict the president after he is removed from office so the report does seem to suggest that it has that power im actually surprised that other democrats havent picked up on that but perhaps well see that once they return from the hearing once they gather recoup and try to answer that question and we might see the republicans starting to get worried that the democrats will go in that way which is why we see them really ramping up their attempts to de legitimated the report and also butlers reputation and to try to suggest that he had perhaps more sinister desires or that he was favoring clinton or count or dislike trump while he was making a report. All right thats fascinating i think that is the point to watch out for thanks so much elizabeth are going to watch out for that as they come back from the break and they continue for now thank you for your analysis lets take you back to the United Kingdom of course where weve got a changi
He will probably give some details of how he wants to push through brick sit we listened last night to one of the hardline tory brooks of cheer Mark Francois and he gave an indication of where this could be going because he said that deterring parties should sort of just throw out the draw agreement it was dead in the case it couldnt be really changed they wanted different corys to go directly to brussels and say we want now immediately to start on talks about a new phrase trade deal talk about the future now and leave the past behind and probably not pay the bills either so that seems to be the direction that the hardcore bricks of tears and chorus johnson in their midst are going to take if it comes to that he really is set for a head on clash russels of course absolutely and you know the headlines today certainly matched actually the dramatic nature of the cabinet that he has announced Financial Times calling it a brutal bloodletting the guardian calling it the biggest cabinet call
Growth and thousands of high skilled jobs in left behind areas that start not deliberate you case extraordinary by is science sector and genetic modification rules and lets develop the blight resistant crops that will feed the world lets get going now on our own position navigation and timing satellite and earth observation systems u. K. Assets orbiting in space with all the long term strategic and commercial benefits for this country lets change the tax rules to provide extra incentives to invest in capital and research and lets promote the welfare of animals theres always been so close to the hearts of the british people. And yes lets start now on those free trade deals because it is free trade that is done more than anything else to the billions out of poverty. All this and more we can do now and only now at this extraordinary moment in our history and after 3 years of unfounded self doubt it is time to change the record to recover a natural and historic role as an enterprise an out
Spiking over those concerns over iran also coming up on the show, House Financial Services chair Maxine Waters on why she wants a hearing over facebooks crypto play, libra. Join us, stephanie link, from levine, welcome. Are you doing buying today little bit. Little bit like what little Semiconductors Semis little broadcom i started a position last week when it fell 8 on the day and i just kind of think that the valuation makes a lot of sense and well see. Its a china proxy for sure, so something good has to happen on trade but i think the valuation is discounting a lot stephanie i was talking to one senior trader who said that the threat of a cut on Interest Rates is more powerful than the cut itself and that therefore its harder to get this same good news again. Likely be dialing back the promise of a cut or it will be the cut itself youre coming from a much lower base than historical levels but it was good news that we got i think the commentary yesterday was exactly what was needed.
And call it Identity Theft as Scarlett Johansson calls out openai and sam altman. Its tuesday, may 21st, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning. Welcome to thank you for being with us. Lets look at the stock futures on this tuesday. A muted start right now. A bit mixed. Nasdaq in the red. You see the dow opening up slightly higher. The s p is essentially flat. Lets stick with the nasdaq. We watch the tech trade with the fresh record ahead of the huge report from nvidia. Before nvidia, investors get ready for the consumer. We have a lot of big reports. Lowes and macys and urban j outfitters. Urban outfitters moving 1 higher ahead of its report. We have fed speakers in the last 24 hours downplaying optimism over the cpi report last week. The benchmark at 4. 42. The twoyear yield is at 4. 83. We also want to hit commodities. Gold hitting an alltime high. It is pulling back a bit right now but, close to the alltime high. Down. 75 . Yeartodate, up 17 . That