Secretary mnuchin resuming talks and as carl just said, stocks are set to rally at the open despite ongoing fears, where are the opportunities for investors . Were going to have a look at the sectors and the stocks that could still be poised for growth in this ongoing and still a covid market as we say, carl, with cases at highs in many states yeah. Indeed though, jim, although there is a lot going on this morning, got to start with the chip story you made the wires by suggesting that xilinx may not be ready to sell. I had the ceo on in august, hes so excited about all the new markets that hes going into hes talking about video, live video streaming hes coming into, auto exposure. The problem is every one of those dove tails perfectly with advanced micro i can see the ceo saying all the areas we need to be strong in, xilinx can give it to us i also see that victor, when he was on, was saying, this is new for us, were just doing this. This is not like when altera was going to be sold to
Blake burman with the latest from the white house. Lauren simonetti is watching the markets. Edward lawrence in washington. Lets kick it off with lauren. Lauren hey, guys, two days of severe loss on wall street. Dow, nasdaq, s p 500 closing near the lows of the session. The past two days, during that time, the Dow Jones Industrial average has given up 1200 points. Nasdaq gave up 400 points last two days. If you look at s p sectors, communication services, technology, were worth performing Services Apple shares down three today. Believe it or not, and go figure that energy was the bestperforming sector although it was still negative. Let me show you the price of oil because as oil fell, so too did stock prices overall. Youre looking at may contract which expired. It closed at 10. Look at the june contract, 13. July, not much higher. Were seeing oil prices even in the future, all trading in tandem to the downside. The worry is is that demand is contracting charles lauren, well stop you r
Good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla here is jon fortt. Morgan brennan is at the International Astronautical congress more from morgan and amazons jeff bezos in a moment well begin with Wework Softbank plans to take control of that company valuing it between 7. 5 billion and 8 billion. A huge drop from where it was valued, also cutting adam newmans stake down to double digits good morning to our guests good morning. Mike, i know that youre f m familiar with softbank, softbank a big investor in uber why is softbank doing this with wework is this an existential moment for them are they at risk of this investment taking them under this is a real crisis for softba softbank the story the past few years is uber is a huge high point or low point, and wework and how they valued the company, but soft bank, a huge vision bank came flooding in giving companies that arguably shouldnt have been propped up more runway and a longer time to survive and vcs out here say th
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Takes you behind the scenes before tonights debate. Vaping crackdown. President trumps new proposed ban targeting flavored ecigarettes. How his wife and son influenced his decision. Antonio brown backlash. The nfl star suiting up for practice as a patriot, but now what the league is considering as brown faces Sexual Assault allegations and how his new teammate tom brady is responding. Triple crown coverup . The new report overnight about justify, the horse that raced his way to three huge wins, now accused of failing a drug test before the Kentucky Derby. Will justify face justice . And caught on camera. The terrifying waterfall plunge the 26yearold dropping more than 50 feet, surviving. Now telling her story right here on gma. And we certainly do say good morning, america. Great to have you with us on this thursday morning. Big day, the big democratic debate about to kick off just hoom nurs fr. Oh, yeah, it is. About to kick off atn a place i love and im very familiar with, Texas Sout