Gap, set to speak again and the fate of a preelection aid package could come by the end of today. And the race for a cure, moderna saying its experimental covid19 vaccine could be ready for emergency use in december. Carl jim, just crossing the wires now, doj has filed the suit against alphabets google, and heard you talking to becky a moment ago, reiterating what you said for a long time, this lawsuit essentially is a strange kind of value creator. Yeah, look, i mean, arguably theyre saying there are ties to exclusionary business deals that google has done. Look, google has opened the books time and again to the government it is not their first rodeo. They have understood this. If theyre trying to break up google, all theyre trying to do is exactly what ive been hoping for, which is that to bring out the value in google, you have to break it up. So if the department of justice is going that route, theyre a great investment banker. I joke with david, there is situations where the sum o
Futures, big corporates with news flow in particular sap. The guidance has been disappointing for that stock so were watching implications there. But a number of themes for investors as we look at the opening signals on the benchmark, investors eyeing the u. S. Trade and whether we get any progression on stimulus this week, counting down to the u. S. Election and we have tech earnings, thats a feature of the market where were seeing a kshape on markets alsotodriving the u. S. Stock market forward well eye the earnings to see if it justifies what weve seen since the start of the pandemic weve dropped more than 1. 1 , thats a big reversal from the. 6 gained on friday you can see from the amount of red on the market its fairly deep in the negative territory on the market. Oil and gas 2. 1 lower, this is reflecting the spot prices were witnessing as we talk about coronavirus cases, weve been assessing the impact on demand for oil you can see as we go through this process, a second wave of
I care about the product. Lemonis and dad greg pursues his own ideas. And what is your role . Jennifer not listening. Lemonis . Without consulting anybody. Greg they accuse me all the time, marcus, of going rogue. Lemonis and the further they drift apart. Jennifer you want things a certain way. Chandler do you think i just like to fight . Lemonis . The more the business suffers. Greg weve hustled, man, you know, and we aint got a pot to piss in to show for it. Lemonis if i cant help lyles understand where they want to go and how theyre gonna get there. Jennifer dont tell me that its because of me that were not out there. Lemonis . Their Bright Future will go up in smoke. Chandler leaving would be bailing on them, and i cant do that. I dont know how im gonna get to where im going. That breaks my heart. I dont know what to do. Lemonis my name is marcus lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gon
Firmly in the red here nasdaq is up 104 . Up 3 this week alone. Only tuesday coming up on todays show kraft is trading higher. Of they outline two billion in cost cuts and selling off part of the cheese business not all of the cheese business and some confusion as to which cheeses go and which stay. Well find out why the companys president about those moves will join us to discuss whether lack of fresh stimulus can impact and speaking of stimulus, former treasury secretary jack lew will join us and his article calling for more than 2 trillion in government spending. We begin with breaking news on apple. It is much anticipated event unveiling a new number of products we have the latest josh so a lot of news in that 60 minutes of apples show today. Start with the new hardware. That new ipad air. It is going to start at 599 available next month 10. 9 inch display with a huge boost in performance we know the ipad is a hardware line clearly benefitting from that work from home trend apple w
Sanctions and claims to the South China Sea take center stage today. Stocks are shrugging it off. The dow up more than 400 points but the big tech is struggling faang, internet names that have been on fire are seeing weakness today. Were following it all 59 minutes left of trade. Certainly weve been all over the place in markets but were up as we stand with the major indexes we have a big line up of guests. In a few moments well speak with shrewsberry, cfo of wells fargo. And Robert Kaplan will join us and well speak with Michigan Governor Gretchen Whitmer an earlier biden endorser as biden lays out more details of his economic plan. Lets focus in on the big stories were watching at this hour wilfred has the highlights ph wilfred, start off with the banks here. The key focus, sara, as we expected it to be on provisions for potential bad loans. They rose from all the banks from q 1 to q 2 and rose more than expected. Wells fargos more than doubling quarter over quarter the big question