Hold onto a recent rebound and global stocks head for a second week of losses. The European Union is giving Boris Johnson until the end of the month to back down on his controversial brexit bill. Cable holds at 1. 28. And citigroup names jane fraser ceo, making her the first woman to run a major wall street bank. She faces the challenge that alluded her predecessors, boosting the banks profitability in line with its rivals. Just under an hour away from the start of cash trading in europe. Lets take a look at where futures are pointing here on the dax, ftse, and euro stoxx 50. Futures all pointing down, although slightly lowered right now, with ftse futures off by about 0. 3 . Take a look at u. S. Futures quickly after the drops we saw yesterday, almost 2 drops. We have a bouncing futures bounce in futures. Anna lets have a look at some data out of the u. K. We are getting monthly gdp data. The u. K. Economy growing by 6. 6 in july. It is almost in line with the estimate of 6. 7 . No su
Good morning welcome to squawk box. Im becky quick with Andrew Ross Sorkin and joe kernen. Welcome back both of you some big moves we are looking at today. Lets look where things stand with the markets dow futures are off by 34. The big news is happening with technology stocks. Down 343 points. Thats big you are talking 3 of the market or 3 decline for the index. Thats a big deal when you look at what happened last week on thursday, nasdaq was off 5 on friday, another one and a quarter percent. You are taurking 6 and a quarter decline. Because of what is happening with the biggest stocks in that. Tesla indicated down 11 in the premarket Asml Holdings down nvidia down advanced microoff off 4 . Those that have boosted that weve seen selling off today you are still looking with these declines at a market at higher levels weve run up quickly and we are seeing it now joe. Watching it head higher watching it ever day, we are like this tech stuff is insane benefitting from what we are all liv
Deaths near 700,000. Virgin australia rescuers are set to outline the Airlines Financial plan. We are seeing u. S. Futures opening flat. U. S. Stocks finished higher in the new york session. They fluctuate between gains and losses. Thestors are assessing prospect of another stimulus measure. Says they try to come up with a timeline on the deal. We expect to hear from President Trump at a press conference anytime now. The s p 500 was way down by financials but Energy Companies led the advance. Oil is losing at the moment. Heading toward 41 per barrel. This after we saw the biggest gain in two weeks. Lets look at the asian markets. Asian stocks are looking at a modest drop potentially ahead of the session. Toyota and honda are reporting today. The yen is holding below 106. China officials are reportedly set to meet around august 15. Barda futures heading higher. When it comes to commodity currency, we saw a lift up there given the rise in oil and metals. Cracked 2000 for the first time e
David i do not consider myself a journalist. No one else would consider myself a journalist. I started to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tech . Tick . Me ask you about salesforce. Com for those who are not familiar with it. You started a company in 1999 and today it has a market value of 340 billion dollars. If you bought the stock at the beginning, you would be up to thousand percent. Counting . But who is david we have had a very good shareholder return and a good stakeholder return. We have been able to have away 300 million. We have done 400 million hours of volunteerism. David for those who are unfamiliar with what your Main Business is, what does it do . It is a Software Company. If you go to adidas. Com and buy zys adidas shoes, some yee from kanye west, then you get an email from adidas and something is wrong with the shoe and you have to Call C
David i do not consider myself a journalist. No one else would consider myself a journalist. I started to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Let me ask you about salesforce. Com for those who are not familiar with it. There may be a few. You started a company in 1999 and today it has a market value of 340 billion. If you bought the stock at the beginning, you would be up to 7000 . Marc 3500 , but who is counting . You are better investor. David i dont know about that. Marc we have had a very good shareholder return and a good stakeholder return. We have been able to give away 300 million. We have done 400 million hours of volunteerism. David for those who are unfamiliar with what your Main Business is, what does it do . Marc it is a Software Company. If you go to adidas. Com and buy some adidas shoes, some yeezys from kanye west, then you get an emai