Discovered. Subscribe to the documentary on. The u. S. Russia efforts to digitally decouple from china new executive order targets not just social media hitech talk of chinas massive payment and messaging service we chat. Also on the show look at the economic consequences of tuesdays explosion in beirut. And tourism is critical for cape towns economy but almost nonexistent at the moment not threatening livelihoods. Flowing welcome to the show and see them. In berlin its good to have you with us is a trade dispute will moving into the Digital World u. S. President donald trump escalated tensions with china on tuesday by issuing an executive order that forces americans to stop using chinese owned apps and rather chinese to talk and we chat on the move against tech talk the worlds Fastest Growing social media site was expected then of which i was not. In just 6 weeks those uploading videos like this 2 mobile app to kill could find themselves on the wrong side of us. The u. S. Has around 1
Announcer this is cnbc breaking news. Im Courtney Reagan in this morning. We begin with breaking news. A Global Market sell off under way. Dow futures pointing to a drop of 1300 points at the open but futures have hit their daily limit down across the board. That means stocks could open much lower than whats indicated right now here on the screen you can see the s p 500 is indicated lower by 151 points and the dow by 1300. Bond spark is hitting again. The ten year yield is sitting above half a percent this new record lows were hitting here nearly across the board this morning hovering maybe just above the record lows but look at the 30year bond, under 1 thats happening for the First Time Ever. At 0. 925 . Now all of this is happening as theprice of crude oil has crashed. And that is not an ap exaggeration oil is hitting its lowest levels since 2014 as saudi arabia announces a massive production ramp up and price cut. Crude is now on pace for its worst day since the start of the first g
Sitting in the middle of bedlam at californias Democratic Convention, a search for the soul of the democratic party. Massachusetts senator Elizabeth Warren has her take. A party with backbone. A party that says were the wealthiest nation in the history of the world, so yes, we can afford medicare for all and a green new deal. And cory booker has his. This is a referendum not on donald trump, it is a refer end on who we are and who well be as a station and im happy to see so many people not talking about what were against but what were for. Reporter but make no mistake what is the president covering up . Reporter the question over how to con front President Trump hung like a canopy over the convention. Nancy pelosi listened to the crowd chant impeachment and some like Kamala Harris just jumped right in. He obstructed justice and then hired a attorney general to clean up the crime scene. We need to begin impeachment proceedings and we need a new commander in chief. Reporter a slew of asp
Everything thought it bypassed the United States is doing to extensivelyund how the range of artists, not only high artists but popular artists, commercial artists, we digesting the war. And actually after the troops came home. You teach this attitude wake forest university. What drew you to this topic . Thelubin i knew anniversary of american involvement in the war was coming up. I thought, we were living in a time this was the early 2000s. The war we were facing, in the middle east, a huge influence on the way we were thinking about things. It must have been the same back in the day a century early. It was more a question i had come home i wasnt similar . It was more a question i had in my mind, why wasnt it similar . The rejection of anything to do with war. Normal shows a desire for war. Not for war. Peoples consciousness. Lets set up our involvement in world war i and why we were involved, late in the game. You the following. In the early days of the conflict, most observers belie
Yesterday. The nasdaq down less than 4 wiping out all of this years gains for the dow, the s p and the nasdaq just holding on to positive territory it wont be if this is anything to go by at the open we are down 434 points for the dow. The s p is down 28 the nasdaq down 23 points. We have higher volume yesterday. 8. 6 billion shares raided. 50day moving average 5. 7. We saw vix spike very much at the end of the session so every everiedy kate y edindi risk off indicator lets look at the tenyear treasury note. Rising yields over the coarurseo the move has been a spark for this selloff we saw yields come back a bit yesterday, right at the end of that chart 2. 85 or so at the peak last week the trend in yields is sill intact rising yields over the course of this year. The trend in equities is no longer intact. We have pulled back away from those highs. Full Team Coverage of this Global Market selloff. Dominic chu is with us in the u. S. , Steve Sedgwick is in london lets go to Nancy Hunger