Frontiers for that sector in the new decade and facebook being called the new cigarettes for our society by the founder of salesforce. Com his critical take on the social media giant as Worldwide Exchange begins right nowe to exchange im dierdre bosa in for Brian Sullivan the second to last day of 2019, take a look at stock futures right now pretty much flat they are on track for a block buster year as i mentioned the s p on track for potentially its best year in two decades if it can squeeze out gains of nearly 30 . 29. 6 is the gain that we are looking at dow jones and the nasdaq also on track for a record year. Moving on to the bond market, the yield on the tenyear note currently 1. 912 lets go worldwide now in asia, markets were mixed in the last two days of the years investors awaiting updates on the trade deal and increasing tensions with north korea. Japan wrapping up its final trading day of 2019, down slightly, but the nikkei, that was up 18 for the year and what a turn around
Down 1. 3 for the s p to 42. 82 the nasdaq the laggard down 1. 3 as you might imagine, big tech names are leading the way lower. Amazon, google and oracle seem 2 to 3 declines today more on that trade coming up. Also on the housing front, another weak number out today. New home sales down 8. 7 in august the Home Construction etf down nearly 9 just this month. Big bio tech mover to tell you about, soaring 90 immunovant. It could be an effective treatment to many auto immune diseases. As we mentioned the autoworkers strike heating up and getting more and more political. President biden, joining the picket line earlier today. And we sent two of our best there as well. Phil lebeau and Brian Sullivan phil, lets begin with you tell us where things stand reporter oh, about half hour ago the president wrapped up his trip to a gm parts and Distribution Center not far from here in bell vil,ville, michigan this is what it looked like as the president was greeted by a number of uaw members walking
Afternoon. The fbi secretly arrested an nsa kr contractor for stealing contract materials. He worked just like Edward Snowden. Another black eye for the firm and shares are moving slightly lower. We have details on what was allegedly stolen and the potential fallout here coming up. Meantime, salesforce. Com is reportedly getting more serious about this bid for twitter. Shares of both stocks moving in opposite directions, although there has been a comeback of sorts for twitter. Jim will get more on this. A possible bid for twitter by it sales force. The weaponization of finance. Thats when countries like the u. S. Use the power of banks to impose its will on other countries. Ian bremmer will explain the risks of this strategy. Its a lot to think about. Hes calling it after the gzero. Youve got the imf meetings tomorrow. This will help get us in the mood for global conversations. Lets start with western crude at 50 a barrel. Plus this discovery, more oil off the coast of alaska. Jackie d
And Larry Summers joins us to explain why he says voters are turning sour and what strategies he thinks can restore confidence. More problems for the Samsung Phone that was supposed to be the companys iphone killer. Samsung is temporarily halting production of the device after news that replacement phones were also catching fire. Did samsung rush to get its phone to market too quickly . That is a big question a lot of people are asking. A tale of two lung danccance drugs. You can see shares up and bristolmyers have erased nearly 42 billion in market cap. Dramatic developments. Lets start with the new wall street nbc news poll out today conducted after the release of the controversial video of donald trump late last week. It was taken before last nights debate. And it shows donald trump support falling last nights face off illustrates how far apart the two candidates stand on a number of key issues. Listen. If china has a gdp of 7 its like a national catastrophe. We are down at 1 and th
Stocks began the week with gains, powered by a rally in the price of oil. And that can be attributed to a statement from a man whose name has come up a lot lately. Russian president , vladimir putin. Sai he supported internatio eff to limit the supply of oversupply has dogged the Energy Market for quite. Putins remarks followed similar comments from the saudi official, and with that, settling above 51 a barrel and that lifted the broader marked. Up to 18,329. The nas dan gained 36 and the s p 500 added 9. Steve sedgewick reports from a meeting of Major Oil Producers in istanbul. Oil prices got a double boost on monday, as two of the Worlds Largest produce of oil actually pledged to support , here at the World Energy Congress in istanbul, one of the largest gatherings of Oil Producers in the world, we heard from t Saudi Oil Minister who said he thought it was very likely that opec would put meat on the bones in september and actually carry through its first output since 2008. He added h