The future of obamacare is in the hands of the Supreme Court. Justices hear a key case today that could cost more than 20 million americans their coverage. How its likely to play out with a newly conservative court. And the fight for votes in georgia. Well talk with Stacey Abrams about how she helped a red state turn out for president elect joe biden. How did she do that . First, heres todays eye opener. Its your world in 90 seconds. I will be a president for every american. This election is over. Its time to put aside the partisanship. The biden team is considering legal action so that the transition can begin. You are welcoming fraud and you are welcoming illegal voting. We want maximum sunlight. Maximum transparency. The attorney general wrote a letter authorizing federal prosecutors to investigate allegations of voter fraud before the election is certified. Joe biden announced that hes moving forward with his own Coronavirus Task force. We need bold action to fight this pandemic. W
Arrows across the board. Nothing by more than a percentage point the dax is up just over a 10th a percentage point not surprising anyone with any expectations more rate cuts could come if the economy slows. 10year yielding 2. 237 . I saw there were three dissents they failed to point out one of them wanted to go 50 the future Federal Reserve, in raining. Right wanted the cut by 50 basis points a Job Interview right in the general news, they said, the Federal Reserve was doing okay it looks like a great economy but there are things to consider beyond the globe i thought that was his best perfo performance yet. Maybe not what you were hoping for and ending up on the day, you were effective am i here over there. Smile for the camera okay. New reports about how was that was that fake . New reports about at t plans for direct tv. Stock moving a little bit. Reporting the giant is considering options including spinoff. Fake news is it fake . I have taken calls on this. This is fake news. I sh
1. 5 two year just below that at 1. 478 overnight in china, look at those stocks and youre going to see the nikkei was up by 2 , 2. 1 in shanghai, market there up by a percent and hang seng closed flat and then if youre looking at what has been happening in europe with the early trading taking place this morning, you will see mostly green arrows there. The cac up by. 9 . So is the dax. The ftse down by half a percent. Cnbc has you covered for all of the big global stories that are moving markets today were going to take you to hong kong for the latest comments from carrie lam. An update on the political crisis in the uk over brexit exclusive update on the tariff fallout for small retailers. Lets start in washington now, with the news that the the big news that is moving the markets now, trade talks with china, set to resume next month. What do you got here the news breaking last night out of beijing, the Foreign Ministry issuing a statement, here is the cnbc translation of the Foreign
Probably one of the biggest in terms of Enterprise Companies going public during this ipo vintage. We awere here last year for the uber ipo slack today. Well bring you lots of news about it its a different type of listing, its a direct listing well talk about all of the dynamics around that for now, back to you we talked about that direct listing earlier this week. The pros and cons to it again . There are some pros and cons. You can only do it if you have a lot of cash on the Balance Sheet. This is a company that does. If youre trying to raise money, it doesnt work this way theres no additional money that gets raised the way uber was raising money and wework will be raising money. Well see if it becomes a model. Spotify did it successfully. Slack is doing it. If there works, theres a question on whether airbnb, the next ipo on the docket in the future, theres a question if they go the same route it has a huge implication for wall street, wall street fees and the ipo structure. Andrew,
That. Stuart nice to meet you, nigel. I dont know the song or the guy. Mr. Wonderful walked on the set and hes not going to disturb us and well get on with things till he sits down quietly. Welcome. Look at this, look at that, dow is up 160, nasdaq up 263 and s p up 64. I like it all. Big tech please. Losers in big tech this morning . No, theres not. Apple, meta, amazon, even microsoft is up this morning. Making a noise on the set there, jimmy. Check the 10year treasury yield. Are you happy to be here . Very happy. Stuart okay, 433 on the 10year yield and keeps going up a bit. Its not hurting the nasdaq. Okay, now this. Four years ago, we were all locked down, covid had arrived and the government responded with draconian shut down policies. Now we can see what went wrong. A lot went wrong. The committee to unleash prosperity with a scathing report and this is a fairly conservative free market organization, very different from the health bureaucracies around the covid show but its a lon