Its 11 00 a. M. On wall street and squawk alley is live good Tuesday Morning welcome to squawk ally im Carl Quintanilla markets are seeing a fair bit of chop today as we keep pace with powells comments a few moments ago. Any progress on stimulus and, of course, the president s recovery as he returns to the white house. For that were going to turn once again to eamon javers hi again yeah, hi. What were learning this morning is that a military aide who works closely with the president has now also tested positive for the coronavirus. According to nbc news, the president within the past few minutes also issuing a new tweet saying he is going to the next president ial debate. We have that wednesday vicepresident ial debate and the president is tweeting that he is looking forward to the next president ial debate. He is cleared to travel or optimistic about the plans to travel thursday by october 15th in miami the president saying there it will be great. No word whether were going to see the
Good morning, carl has the morning off. We want to focus on the state of mna in tech. There has been swings and others that were formally the prey have skyrocketed to valuation thats now give them currency to join the hunters. Between tiktoks impending sale, were seeing now in the second half of the year there is plenty of action still to come. Listen to what bob peck told us yesterday on that front. If you go back to march, it was about two billion. So really it ground to a halt. You saw in june, and it has been a tale of two cities a big acceleration and 3 q over 2q so you have seen a ramping here. People are getting more of a feel on valuation, liquidity concerns, their portfolios, s a strategic rationale and more mna continuing to take place through the rest of the year tiktok is the most talked about target President Trump saying he will not extend the deadline. Oracle is on the hunt to buy it, they didnt talk about it at all on last nights earnings call. We have more on what all
More in payroll pay. And ford unveils the new f150 with new options including handsfree driving it is friday, june 26, 2020. You are watching Worldwide Exchange on cnbc. Good friday morning. Im dominic chu in for Brian Sullivan we are seeing a bit of negative activity right now, the s p is implied lower by about 12 points the dow would open down by 170 and down another 14 points for the nasdaq this represents moves off the low so far on the treasury yield side of things, we are seeing movements across the yield curve slightly lower at 67 basis points or. 67 ticking higher at 18 basis points or. 18 there the fed announcing it will force big banks to suspend share buy backs and cap Dividend Payments for the Third Quarter. The firms must resubmit their pay back plans the fed found several banks could get too close to capital levels amid the pandemic induced slow down. Shares of nike, dow component as well the company posting an unexpected loss. Was hurt by Retail Store Closures the wholes
The pandemic is raging works like a charm can this market really be that binary can it really be that stupid to borrow a line from that masterpiece of english literature, this is spinal tap, its a fine line between clever and stupid [ drumroll ] the dow only gained 300 points, the short answer is, yes, it really is that simple. When texas was forced to pause its reopening plan because of record covid infections, a m suddenly the stay at home stocks came back in style i guess the virus didnt get the memo about not messing with texas. Many of todays winners were the usual suspects that benefitted from the pandemic. Plus the oils and the banks, though that was a femoral, given everything was stay away from the banks. Any way, before we get into the specifics. How the heck can this market rally on truey terrible news we have a horrific outbreak in the sun belt, we hit a new record for covid cases yesterday. The virus is back in exponential growth mode. The human cost could be enorm s enorm
Children in rural and urban communities. He took part in the summit on the future of American Economy hosted by the hill. As the pandemic disrupts every aspect of life, its also raising concerns about our food supply chains. What is the key to resilience and how can we ensure Food Security while safeguarding our workers. My next guest is congressman rodney davis of illinois who has particular interest in this area. Congressman davis, great to see you again. Your names being dropped in a lot of places. You know, youve been on the food thing and i was talking the other day to jose andres, the chef, about the feed act and he says youre one of the partners in this. And youre pushing the legislation called the meals on wheels for kids act. Why are these part of the covid response, if you will, that youre trying to push forward . Well, hunger in American Families is exacerbated during this pandemic, steve. Number one, it great to see you again. I appreciate you the opportunity to be on. You