We have been here before. A decade ago, wall street was riding high and producing dazzling booms and scandals. How do we make sense of what is going on in the tech world . Is the tech bubble about to burst . Joining me is max chafkin who is a writer for businessweek who has been covering uber. Richard edelman, and william cohan, a contributor to vanity fair and author of why wall street matters. I am very pleased to have them all at this table. Welcome. Max, i would like to start with you. One of the things that put uber in the spotlight is this extraordinary video of released of travis in a cab arguing with an uber driver. This comes on top of the scandal when a female employee wrote a blog saying it is a sexist place to work. It is a combination of nightmares for the company. Tell us about the video. Max it has been an extraordinary month for uber. You did not mention the delete uber campaign. This video came to our beat reporter, eric newcomer, it was passed to him by a driver. It i
We have been here before. A decade ago, wall street was riding high and producing dazzling booms and scandals. How do we make sense of what is going on in the tech world . Is the tech bubble about to burst . Joining me is max chafkin who is a writer for businessweek who has been covering uber. Richard edelman, and william cohan, a contributor to vanity fair and author of why wall street matters. I am very pleased to have them all at this table. Welcome. Max, i would like to start with you. One of the things that put uber in the spotlight is this extraordinary video of released of travis in a cab arguing with an uber driver. This comes on top of the scandal when a female employee wrote a blog saying it is a sexist place to work. It is a combination of nightmares for the company. Tell us about the video. Max it has been an extraordinary month for uber. You did not mention the delete uber campaign. This video came to our beat reporter, eric newcomer, it was passed to him by a driver. It i
Federal reserve. Wrong i dont agree. I say to this new mood of expansion and optimism and confidence began with the election of donald trump. He said he would take the shackles off private enterprise and thats what businesses are responding to, and so is the marketment make no mistake, this is the trump rally. Top banker jamie dimon says trump unleashed animal spirits. We are going to open up, what, triple digits when the market opens in about 29 minutes time. Well be getting very, very close to dow 21,000. Its a big day. Action on owl front. And Varney Company is about to begin. Well, the jobs report looks like its going to dominate the mornings trading on wall street. Lets get straight to liz peek who joinus this morning. I say its a solid jobs report. You characterize it, please . Its more than solid because of the mix of jobs added. Strong growth in manufacturing. The only drag, really, is retailing, which is, by way, going to continue for some time as many stores are closing, but
The details ahead with the shares down 4 . I saw you guys playing with that this morning. John was a sport in that. President trump signed that executive order that he says will end the war on coal. Epa Administration Scott pruitt joining us to talk about this on a first on cnbc interview. We look forward to that very much. Meantime, details on that executive order. We are at the white house right now. Bill, the president went to the epa to sign the executive order moments ago. He arrived back here at the white house. The president put in all of this in the context of as you say, ending president obamas socalled war on coal. He said this is about creating jobs. Heres the president over at the epa. My administration is putting an end to the war on coal. With todays executive action, i am taking historic steps to lift restrictions on american energy, to reverse government intrusion and to cancel job killing regulations. What specifically is the administration doing here . A couple bullet
Leading the losses recently. Higher across the board. Up 2. 5 right now. The british pound and strength against the dollar this morning coming off of the worst today about an decades for the british pound. In asia overnight, markets are mostly higher. Right at the results of the vote. Party leader nigel for roche telling fox business those concerns are overblown. London is not a Financial Center or year. If the Financial Center of the world. Europe is becoming a little backyard. 85 of the Global Economy is not in the European Union. Maria breaking news on the big guys investigation. And never prices the Obama Administration ignored accounts is ignored accounts and still think the video for the deadly attacks. Heather clinton and donald maria unveiled new proposals on jobs, technology and trade today with the ideas for the u. S. Economy coming out. Out of mississippi, an explosion at a bp natural gas plant sparking a fire. No injuries reported. We will cover that for you. A massive reca