Tech names may be beneficiaries of a decision the United Kingdom has made when it comes to huawei and 5g. But wait a minute. The big banks did send up some warning flares in their quarterly reports on this first day of Second Quarter earnings season. Why are the biggest names in finance fast inflating their Rainy Day Funds . What do they see that you might not . Our floor show traders are on it. They will shine a light on it and explain. Just as teslas stock bubbles even higher, here comes a potential pin to pop it. Fisk fiskers uber cool all electric ocean suv with its 300 mile range, karaoke and california mode features is ready to open the reservation lines. Founder, chairman and ceo lhenrk fisker is here on his unique route to the New York Stock Exchange, taking on elon musk and yes, he will explain what california mode is. Pretty cool. From california all the way to a tiny private island on the east coast where the wealthy elite are ready to pay a pretty penny to escape from the c
Impeachment efforts against President Trump. Republican leaders fighting back with discrepancies in the whistleblower complaint. Well tell you where things stand. Taking aim at what street. Former Vice President joe bidens campaign reportedly thinking about taxes on Financial Transactions like the sale of stocks. What that move could mean for you and your wallet. Apples taking heat films to the theaters before. Were breaking down apples strategy in the hour. Melissa blake burman at the white house, gerri willis on the floor of the New York Stock Exchange and phil flynn watching oil at the cme lets kick it off with blake. Reporter melissa, you said happy friday, did we need this friday ever . What a week it has been here in washington. There is so much public scrutiny over the july 25th phone call between President Trump and ukrainian president Volodymyr Zelensky in which the whistleblower complaint brought it all to light. Now, especially within the last day or so, many in and around t
Continuing a trend that shows so far, university of michigan sentiment, other surveys were doing okay and things are going okay. In the middle of all of that, you have a report out of fedex saying were not doing okay. Telegraphing problems because of the trade war. The trade war is one of the big reasons why the fed will supposedly move today. It is all in what the fed lays out after it makes its move. The consensus seems to coalesce out of quarterpoint cut to Interest Rates. Would bring overnight lending rate from 1. 75 rate to 2 , from around 2. 25 we are right now. That can jostle wildly. Lets get the read on all of that Charles Payne, thank you for helping out on your world yesterday on fox news. What do you expect first off . 25 basis point rate cut in part because the wall street expects it, to such a degree yeah it is. If you think a trump tweet is tough, wall street selloff of several hundred points. I mean they, they really have the market cornered when it comes to temper tant
Good morning from the studio 57 newsroom at cbs headquarters here in new york. Good to be with you. Im annemarie green. Shortly before midnight, tens of thousands of members of the United Auto Workers went on strike at General Motors. Facilities in nine states have shut down after contract talks broke down. Its the unions First National strike in more than a decade. Negotiations are supposed to start up again later on this morning. And Laura Podesta is here in new york. Do we know how far apart the two sides are right now . Repter ell,ccording to the unions Vice President , they are very far apart on a deal for a new fouryear contract. Thats why the decision to strike was made. Its not an easy decision either because during this time gm workers will make a strike wage of just 250 a week. [ cheers ] General Motors workers across the country walked off the job at midnight. More than 49,000 members of the United Auto Workers went on strike after contract negotiations failed. We are standi
Corruption is piling up. Newly revealed Bank Records Show millions of dollars went to hunter biden and his associates appointed to the House Oversight committee. This money coming from foreign oligarchs in russia, kazakhstan and ukraine while joe biden was Vice President. I asked House Oversight james comer if he is trying to seek a response from President Biden on all of this. Heres what he said. This is always going to end with the bidens coming in front of the committee. We are going to subpoena the family. If i had subpoenaed joe and hunter biden before i became chair of the committee it wouldve been tied up in court and the judge would have thrown it out. We put together a case that i think would stand up in any court of law in america and we hope to hear from the bidens to. I wish the media would ask the president what exactly did your family do to receive the 21 million that the House Oversight committee has proven. He continues to say that is a lie. We have their bank records.