Delays from washington from the trade deal to the stimulus negotiations, deadlines and expectations being pushed back the weve got 59 minutes left to go in the trading week s p 500, 16 points from a record close. Down right now, jon. Still higher on the week everyone except the nasdaq great to be with you this afternoon. We have a big show coming up to finish out the week. Were going to speak with minneapolis fed fred neel sakashkari and later, as stimulus talks grind to a halt, well speak with Maxine Waters about whether there is any compromise to be had. Plus, shell discuss a new bill encouraging the fed to use authority to close the racial wage gap in this country mike santoli is tracking the Market Action. Start us off on the broader market. You can call it resilient or fatigue or really anything a standoff here at the record high levels of the s p 500. The past four days have basic clind of touched it or been shouting distance of it. The were just hovering there. Up 3 or so month
Reopening. What is it like to go out to dinner well let you know. A buffett solomon breakup. Well focus on another berkshire breakup making waves ahead of the open. Tsa temperature checks and massive lines out of the industryway . Some of the ideas being floated with more than a dozen out there to get the American Economy and airports going again it is monday, may 18th and youre watching Worldwide Exchange right here on cnbc good monday morning, good afternoon or good evening and welcome from wherever in the world you may be watching us thank you for starting off your monday on cnbc im Brian Sullivan we have a fair amount of green on the screen and a little optimism to start your week. We can all use some of that. Certainly we can and the markets are reflecting it. Many countries are starting to reopen and there are some positive virus trends. Fewer cases and, more importantly, a slowdown in fatalities, at least around the world. Dow futures are up about 300 points right now perhaps th
Expectations. Incompetent vestors dont seem that disappointed. And french wheat tells low after it told investors it took a 2 billion hit related to its stake in alston. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. And a warm welcome to todays program. Were going to be an extra hour longer, three hours, because of course the u. S. Markets are still to come. Were going to kick off in rome where youre seeing jules is located. Theyre going to ask matte matteo renzi for more time to agree on their agenda. Jules, i hope you had a nice week end in the italian capital. How tough are negotiations going for mr. Renzi. Incredibly rough, ross. We are expected him to be given a mandate at 10 30 cet. There were delays in the talks. A angeleno alfano. Hes talking about a german style pact here. He wants to set out the forward progress of this coalition and what reforms are going to be enacted. He, of course, broke away from berlusconi last year. Since
Wednesday. Pmi 50. 5 a twoyear high. Markets are mostly flat. Road map begins with the highest inflow ever for equities. Investors pouring 40 billion into stock funds in july. As we said, three key fed speech this week that could shake the markets. A big win for apple in its battle with samsung. The Obama Administration vetoing a ban on apple products. Share of samsung are falling in asia. Tv blackout, battle between Time Warner Cable and cbs show nothing signs of letting up. The Terror Threat overseas. Many u. S. Embassies stay closed now until august 10th. A live report from nbcs Pete Williams. First up, if you didnt see it, u. S. Equity funds saw a record inflow in july. According to trim tabs funds saw 40. 3 billion coming in last month while bond funds saw the fourth highest outflow on record. David seeburg at cowan. Good monday morning to you. Good morning. David, is this the beginning of something new . It seems to be. I mean, 40 billion in july, amazing. Still a ton of cash on