Cap has been wiped out. Sobering and i need you to think about that because thats what were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job gains this month. But if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last night with all sorts of buying, it wasnt real people. Terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when it climbed to 5200. Made no sense whatsoever, it was just people throwing money at it, and while the Chinese Market has managed to come down from level. The sheer number of people who wanted out when the government instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market woul
They go on sale at over 17th. Apple had to first agree to improve User Security and privacy. I have been seeing some of those out there. Back to the big news. Ebay announcing it will separate ebay and paypal the businesses. American express executive dan shulman will be the new ceo for paypal, postseparation. He joins the Company Effective immediately. Bloomberg intelligence paul sweeney joins us now from princeton new jersey. Also with me as skycard is, the founder and former ceo of about. Com. Web 1. 0 as we talked about earlier. Want to turn to you first. You were building about. Com at the same time yuan must was building elon musk was building paypal. You guys were all first generation. This deal makes sense. Jobs growingt paypal. But we are high were going to have a massive disruption. Little card is not as productive as my iphone 6. We use braintree, which is an ebay company. It gives me pause. Ebay wants to use our data. We run a market place, we were ebay runs a marketplace. I
Oil shock ripple effects. The impact of equities and currencies and a closer look at stocks that are keeping the dow from hitting 18,000. Is it time to turn on the taps and lift the u. S. Export ban on crude . Well talk to a top dog on Global Commerce. And a shocking reversal on two Insider Trading convictions. The ruling that could change the rules for wall street as the second hour of squawk box begins right now. Welcome back to squawk box on cnbc. Im joe kernen along with becky quick. Andrew ross sorkin is at the dealbook conference. Hell join us in the next hour and well hear from jack lew speaking at the conference. Among the other power players attending, gm ceo mary barra, actress and entrepreneur jessica alba, a. Mex ceo. Well bring you those interviewing throughout the day. Acquired a 5. 1 stake in staples. The hedge fund has also boosted its holdings in office depot. Its move to call for a merger of these two companies. Economic data on the calendar today will get claims. The
Forum is their rite of passage. Preach it, sell it, scream it, unless you do that republican president ial nomination you wont get it. Our question tonight is this with upwards of potentially a dozen seeking out the conservative vote, is there any way for just one candidate to break out and have enough delegates in hand for the convention . The math does look tough. Money guy Anthony Scaramucci and lizzie on if some of these contenders should look at this race again. And the wisdom of pursuing it now. What do you think liz . The good news is there are a lot of interesting can does. The bad news is theres a lot of interesting candidates. Heres why its bad news. Between now and the primaries next year, we have to eliminate all but two or three. . it will cost an enormous amount of money. Money that Hillary Clinton wont be spending as she gets ready for her president ial run. Thats assuming she doesnt run on top herself as well. There that that. I dont think shell be spending the 300 mill
At this conservative forum is their rite of passage. Preach it, sell it, scream it, unless you do that republican president ial nomination you wont get it. Our question tonight is this with upwards of potentially a dozen seeking out the conservative vote, is there any way for just one candidate to break out and have enough delegates in hand for the convention . The math does look tough. Money guy Anthony Scaramucci and lizzie on if some of these contenders should look at this race again. And the wisdom of pursuing it now. What do you think liz . The good news is there are a lot of interesting can does. The bad news is theres a lot of interesting candidates. Heres why its bad news. Between now and the primaries next year, we have to eliminate all but two or three. . it will cost an enormous amount of money. Money that Hillary Clinton wont be spending as she gets ready for her president ial run. Thats assuming she doesnt run on top herself as well. There that that. I dont think shell be