The bill awaits signoff from the president. Akron turns up the heat. France threatens to veto a brexit deal if it does not like the terms, piling pressure on the e. U. Not to make further concessions. Welcome to the program, everybody. 7 00 in london. 8 00 in paris. Lets look at the futures. We are fairly flat on futures. The young stock x50 futures flat. Yesterday, we saw some decent gains for the ftse, up by more than 1 and that was a standout compared to the rest of europe which was more mixed. It was mixed in the u. S. Session as well. We did actually see a bit of a late rally in u. S. Equity trading, up to some of those new highs we were talking about in headlines. All of that in the context of the hopes and dreams around u. S. Stimulus. The concern about what can legitimately be done in the shortterm and a lot of hope around vaccines. Perhaps oncent day some parts of the equities space and a late rally in the u. S. Yesterday and we are now pausing. We are pausing somewhat here. W
To start in september. The s p 500 is therefore positive though not at a record. Were 59 minutes left to trade and we have two big exclusive interviews coming your way on todays show delta Ceo Ed Bastian will join us with the latest view from 30,000 feet on the state of the Airline Industry and his companys announcement today to keep middle seats blocked until at least the end of the year. Plus, well speak with marc short about stimulus negotiations or the lack thereof. China trade talks and the latest signals on the economy you dont want to miss either of those conversations. Lets get to the big stories were tracking a volatile day for the lows we have a look how the economic recovery hasnt benefited everyone but we begin with the fast moving developments surrounding uber and lyft in california. Fast moving indeed. We found out just moments ago that uber and lyft have won a delay for converting drivers to employees. The i was about to come on tv and tell you that both apps were going
We have more on his appearance, plus reaction. And the huawei perspective. We get thoughts from the chinese telecoms Carrier Business Group on 5g, securities concerns and more. But first, our top story. Ibm fell as much as 6. 5 , the most since october 2015. This comes after the fifth consecutive quarter for posting slower sales. Joined by my am guest. Lets start with the top line decrying. Is there not enough growth from red hat to offset the cost in that core business . Yes. Frankly, this is a question of one word, which is expectations. There are a lot of expectations for red hat that paid a lot for the Company Going forward. If you look at ibms core business, they are managing it for profitability as best they can. But the Global Services segment has historically been a profit driver and a cash cow. But you have to remember as people build the hyper cloud they moveture, as more of the cloud, there needs to be in the Core Technology space that change. They will need to drive efficie
Bros. Discovery. Its thursday, may 9th, 2024 youre watching Worldwide Exchange right here on cnbc good morning welcome to Worldwide Exchange. We are live from cnbc london lets get you ready for the trading day ahead with the stock futures. After a mixed session yesterday with the dows longest win streak at six. The futures are in the red across the board close to session lows right now. It looks like the dow would open up 65 points lower we are checking the bond market with the tenyear yield moving higher than recent days. 4. 51 . The twoyear note is Holding Steady to yesterday which is at 4. 85 . We saw it at 5 a few days ago the Energy Markets here are lower. We are looking at wti below 80 a barrel it is up 1 right now. Brent crude is trading at 84. 25 up 1 as well. Thats the set up. We have the big day for earnings and movers we start off with the stock that people are watching. Arm Holdings Shares are sinking on the weak forecast which is raising concerns of the potential spending
Cryptocurrency coin. First we start off with what could be the best christmas ever all three major indices hitting a record high. Closing at a record for the 70th time this year the most ever in a single calendar since 1995. The nasdaq joining the party crossing that key 7,000 level for the first time ever. All this stemming from tax cut euphoria, which if you look at the moves clearly wasnt priced into the market. With tax cuts ahead, are stocks still cheep, just how high can a market go . Cheap is a tough term in this low interesting rates theyre probably on the margins cheep. You have seasonality working for the market december is typically a month where things just ratchet higher weve said for quite some time that something is going to happen before christmas. The president has said he wants to give the american citizens a big fat Christmas Present in the form of tax cuts, youre going to get it. What can you still buy b. K. Talk about Goldman Sachs breaking bottom that alltime high