Despite posting a beat on the top and bottom line. Tesla is on pace for a sixth straight day of losses, now issuing some recalls for the cybertruck over faulty accelerator pedals lets begin with Market Reaction to israels retaliatory strike on iran, jim. So far, not a lot of signals that this is going to cause a conflagration. No. I talked last night about what we need on mad money, a crescendo of selling at 10 15, we thought we had that last night the fact that we now have decided that it wasnt important not we decided that it is less relevant, so weve come back up is, again, something i dont want to see. We have to have people decide that negatives are negatives, not that an avoidance of a negative is a positive so, i want to hear more from Richard Engel about israel, but the fact is that we were down so much, and then we come in, and then were up . What are we up for why are we up . How about flat how about down a little . We dont get that. So, it makes me suspicious of this opening
shanghai disney closing, mcdonald s closing in five cities and 70,000 movie theaters going dark shares of intel are soaring ahead of the open. the chipmaker forecasting a cloud spending slowdown ahead, stock trades at levels not seen since 2000 apple shares more than doubling in the past year, raising its semiconductor orders for the new phone. does that stock have more room to run we re going to start with the coronavirus. here is what we know so far. china s national health commission 26 died from the fast-spreading virus total number of cases rising to $926 expanded travel lockdown affecting more than 36 people in 11 cities. shanghai disney is shuttered for a while. mcdonald s suspending business in five cities due to the virus but world health organization says the outbreak has yet to constitute a global health emergency, jim, we ll reconvene in ten days to reconsider. i thought that was important. they obviously can declare it that and just make it so that we are s
china. plus sustainability becoming the new standard president trump says the u.s. will join the trillion tree initiative, and global business leaders continue to say there is growing demand for companies to do right by society. and we welcome back our own sara eisen live at the world economic for numb davos, joined by the chairman and ceo of u.p.s. later on this hour. futures are down aed has of the open the deadly virus outbreak in china is cooling globally as top business leaders meet in davos for the world economic forum the president touted the recent rally in the stock market as his impeachment trial in the senate gets under way in washington listen to what he said years of economic stagnation have given way to a roaring geyser of opportunity. u.s. stock markets have soared by more than 50% since my election, adding more than $19 trillion to household wealth and boosting 401(k)s, pensions and college savings accounts for millions of hard-working families a lot
Year amd left out of the party recently stock down in 2017 a rare exclusive with amd ceo. Her plan to power growth a 24 carat edition of power lunch starts right now. Move yeah what yall trying to do all right, bruno mars may make want to dance but these numbers on wall street will certainly get you out of your chair. Welcome to power lunch, everybody. Im Tyler Mathisen dow, best day of the ye so far final trading day of november. The dow giving ply son macke a wonderful birthday present happy birthday mack best day of the year dow, s p 500, russell 2000, small caps and transports all hitting new alltime highs the dow up triple digits this hour look at that, topping 24,000, 25,000 in sight. Intel, united technologies, Goldman Sachs, visa, other movers, cvs aetna higher cvs closer to a deal to buy the Health Insurer price between 200 and 205 a share. Sears higher struggling retailer posting a smaller than expected loss Michaels Companies soaring. Double digits. Arts and craft retailer b
Good monday morning, welcome to squawk alley. Im Carl Quintanilla with mike santoli, Morgan Brennan here at post 9 of the New York Stock Exchange john fortt in San Francisco. In a minute hes going to bring us a cnbc exclusive with amds lisa su. You cannot miss that in the meantime, apple feeling pressure from investors. Urging the iphone maker to tackle smartphone addiction and overuse by children. They write the potential longterm consequences need to be factored in at the outset and no company can outsource that responsibility joining us at post 9 this morning, Elevation Partners cofounder Roger Mcnamee and scott galloway, professor at the stern school of business happy monday good to see you both what an interesting turn this is, roger. What responsibility does apple have to how my kids might use a phone . Quite honestly, they have a lot. The culture of Silicon Valley has been about disruption for so long that people have forgotten there are consequences to disruption, and at the sc