Reports of a chinese stateowned Company Looking to buy the semiconductor giant. The deal may have a tough time getting through regulators. Could another suitor be waiting in the wings . Well find out. Wells fargo turning in a solid quarter posting a decline in Mortgage Applications this morning. John shrewsberry will join us to discuss whether he sees a slowdown in housing. We are seeing a rally in the price of oil. We are going to ask about that. What is going on with oil . I think some of this deal was priced in. We had several days of imminent announcements of a deal. When the deal came, i think everyone expected it. Also the return of barrels looks like a 2016 event. Its not a Million Barrels hitting the market tomorrow. Thats why we havent seen a bigger reaction to the iran deal today. So when do you expect to it happen and what will the price of oil do when that does occur . Its a timeline. We have basically 90 days where there is going to be debate in congress for 60 days, but a
Shares of dow component nike rallying today after the company said it expected sales growth to be in the high Single Digits over the next five years the Company Holding its investor day investors are liking it so far so far. And mark parker will be joining us in a rare and exclusive interview to discuss more about his plans for growing revenue for the sportswear giant. Its the best performer in the dow components today President Trump said earlier this afternoon the u. S. Desperately needs tax cuts well talk about that and more, Congress Secretary wilbur ross will be here post nine joining us exclusively coming up in a little bit good lineup of guests. We have a good lineup today. Lets get to the top story. The market selloff continuing today. The major averages off the low right now but the dow was on track for the worst day since early september. Lets bring bob in here look whats driving the move lower today. Hello william finally volume and volatility and we should have it because w
Secretary to Vice President mike pence, mark lauder, nice to see you. Thank you for having me on. Lauren lauren you just attended the meeting with the Vice President. What can you tell us about the gops plans to reform the Health Care Bill right now that the house put forth . What is the senate looking at . Well, the one thing that you know right now is that republicans are united behind donald trump and the president s vision to make sure that we can Lower Health Care costs and improve access to americans across the board. Weve seen another example just today about how obamacare is collapsing under its own weight with anthem pulling out of ohio which is going to leave up to 20 counties, you know, struggling to find health care coverage. So the president and republicans are united across the board that weve got to do something. This is not just repair and replace, this is now a rescue mission on behalf of the american people. Lauren it is, and we have had seven years to consider some o
Lutnick and doug cifu to tell us how the increase in passive investing is impacting their businesses. And macys is reportedly considering putting a part on the Flagship Store in new york city. Were so desperate for grass, i think people will go anywhere in this city, central park gets a little crowded and 34th, they could use some grass in that area. Go up to macys now, you can find it. But is that the thing thats going to get people into the store if theyre going up there . Anyway, the reason we showed you a picture of daymond john, hes with us today, of course, from shark tank and a very, very successful entrepreneur on his own, especially when it comes to branding. And were going to talk about branding in retail among other areas, coming up with daymond in a little bit. But first, we begin with this decline in oil today. Here go the inventory numbers, wreak havoc in the oil markets again. Jackie deangelis is at cnbcs commodities desk with that. Jackie d. . Hey, bill. Crude oil break
Theyre first order of business would be . weija jiang Christianne Klein now trumps victory playing well in some areas on a trending topic. paul joncich as trump sailed to victory you guys took our Facebook Page of course with mixed reactions pd commented. I was with him from the second he announced. Going to have fun watching the liberals rats get drained from the swamp. Christianne Klein on the flip side josh says. Im not excited, at all. As a member of the lgbtq community, im terrified of what this will mean for not only me and that particular community, but for immigrants, for muslims, for women, for la president elect trump a chance, with an open mind, because its only fair. Christianne Klein turning now. To the us senate and congressional races. America went red. But nevada went blue. Former attorney general Catherine Cortez masto. Defeated republican joe heck in quite the nail biter it was just after 9last night when Catherine Cortez masto claimed victory. With a 47 to 45percent