Overnight, though they lost some ground this morning. A lot to watch, china pmi backing expansion, the fed launches a new dollar repo operation. Jim, sounds like youre focused on testing, having talked to abbott last night. Right i think that myles white and now the new ceo recognize this, as they did during the aids epidemic, when you find out who has it, everything changes in this country, we can find out who has it, and doing a serilogical test, finding out from blood of people who have had it maybe a lot more people have had it than we knew. Maybe we can find who has got it, they can be quarantined. Already the carpers people are saying its only going to be med techs and hospitals. Myles and robert told me absolutely, this will devolve into a pregnancy test at home. How quickly, i dont know. Abbott labs is one of them dr. Gottlieb is going you know what ive seen science this is working in forgave earl avor ofd guys megs work with alex gorsky made me feel maybe next year we can go t
Commentary plus back off the worst day and week of the week, the Company Reportedly looking to boost its efforts in a. I and elon musk and Mark Zuckerberg seemingly agreeing to that cage match, but some hurdles still ahead. Lets begin with the markets. The s p, nasdaq, as we said, coming off their worst week since march, jim that reversal friday didnt feel great. Oh, my. It took your breath away and i was watching them just saying, what happened . Is there some event . Did something happen that was exogenous . But then again, look, lets remember, bonds having a nice move today they were down 36. Now theyre only down 11 i thought that friday was one of those days where people just said, okay, weve had a great year now, lets just sit here and sit on our hands and that was what i was thinking to start my show tonight is to just sit on my hands, and i may do it. I just felt that weve made a lot of money, and maybe thats what were going to make for a month. Youve been pretty leery of this p
Its the biggest gainer of the major averages look at treasury yields, this is where the action has been. Yesterday the twoyear sitting at the highest level since 202000 the tenyear at the highest level since 2014 the yield on the tenyear is 2. 632 couple big stories were watching, the u. S. Government is officially reopen for business after President Trump signed a bill to end the shutdown hundreds of thousands of federal employees will return to work. The bill funds the government but only for 17 days its the product of an agreement in the senate to reopen government and tackle immigration within three weeks well watch that its a busy day for ponentse the opening bell Johnson Johnson, Procter Gamble, travelers and verizon. We will hear from capital instruments and united netflix shares are popping the streaming company adding more global subscribers than expected in the latest quarter heres what Reed Hastings had to say about what is driving growth the real driver is to make the big t
Of its creditors, including the imf and the European Central bank did greece got a alone last week after parliament agreed on new austerity measures. In the meantime, great thanks reopened for the first time in three weeks,. There are still limits on withdrawals overseas. Merkel is suggesting that greece cant get limited debt relief. She ruled out a haircut on greek debt. A classic haircut of Debt Forgiveness of 30 cannot happen in the currency union. It may happen outside, but not within. Erik they may consider lower Interest Rates on greek debt but extending the time for repayment. The United Nations Security Council is expected to endorse the Iran Nuclear Deal today. It is to stop iran from Building Nuclear weapons and the United States and other world powers will gradually lift economic sanctions. Ashton carter travel to israel to reassure officials there about the iran deal. Carter acknowledged he will probably not be able to change anybodys mind. Obviously, we believe that the nu
Citigroup, Goldman Sachs and Charles Schwab report before the bell. And well hear from netflix after the close on the day. We should tell you that squawk has an extension today, because we have interviews with jamie dimon who will be with us later on sidewalk on the street, and loyal blankfein will be with us later as well. Dont miss that. When nbc has a saturday game, its thursday night football a lot of times on saturday. It may be in the 9 00 or 10 00 hour back on the east coast, but its still squawk box. Were just extending this. Yeah. Extending the programming. Lets not confuse anyone at home. Normally we have the futures in the red. Rarely do we get the thermometer in the red. Its actually minus below zero. Is it right now . Minus 3 celsius or fahrenheit . No, minus 3 fahrenheit. But sunny and beautiful. Tobey cosgrove in the sun. Look. Hes glowing. Lets turn now you cant see him. Youll see him in a moment. Turning now to the agenda, which is on capitol hill. Just two days away f