Day in london. Eyes on inflation data, which we get in the next couple of minutes. Well be getting the inside track on how youth isnt a barrier for one of singapores most ambitious Property Developers. The heir to one of the city states biggest fortunes tells us how hes planning to change its landscape. How many tv subscriptions have you got and what is your favourite . Use the hashtag. Bbcbizlive. Hello and welcome to business live. The huge trade dispute between boeing and bombardier, which also pitted the United States against canada, has taken another twist that could make it all a lot more complicated. Its all about the canadian firms c series planes. Bombardier is now selling a 50. 01 majority stake in the project to the European Aerospace giant airbus. Whys it doing that . Because of the 300 tariffs that the United States recently announced on imports of the planes. Those were imposed after boeing complained that bombardier has received illegal subsidies from the canadian and uk
Grown to include 40 . That is unsustainable regardless of your politics, that math is not sustainable and that is the reality crunching these senators who dont want to dial it back even though there is no cutting going on is trying to slow this incredible growth rate that you cant stop. Stuart it is not sustainable, not sustainable. Neil i am worried about your grandkids who wont be able to get access to see you when they are visiting from abroad. Stuart that is the judge. Neil i love the judges laugh. Tell me you are not a little worried about this or maybe welcome it, i have no idea. Those are some screwed up rules, i heard part of what the judge is an, i dont understand why they cut it off with grandparents. I hope the kids can still find a way to sneak in. Stuart s they will. Neil thank you, my friend was a lot going on, the dismantling of medicaid, we will throw it out, lock stock and barrel with the republican plan, nothing is being done of the sort. The fact of the matter is med
The dow is up 188 points. Most of the sectors are higher. Energy, financials, technology. Stock market is looking pretty good. Not necessarily some tech stocks which have gone to pull back. The dow hitting alltime record high, intraday. Will it close at a record . You better watch for that key number. That would be 21,528 and change. Energy is helped to power the dow as oil has been gaining, 46. 47 the barrel. Chevron, and exxon have been winners. Were seeing those lead the Dow Jones Industrial average. Losses financials which did so well last week on the ideas of bond yields on the rise, look at them again. Leadership has really been the financials for whole month of june. Financials were the best performing group. Theyre kicking off july in the same fashion. Goldman sachs 3 higher. Jpmorgan up 2 1 2 . Looking at the dow jones transportation average, looking at the intraday there, as that too, neil has hit a record high as well. So, some records to note. Netflix moved into the correct
Mike santoli. Thank you both for joining us. Carl and jon have the morning off. We have news from the trump transition and john harwood. Weve just had the transition call with the Incoming White House press secretary, sean spicer. He said that donald trump around 4 00 today is going to have an Economic Development announcement that will be good for American Workers. Didnt specify what it is, said he wants to keep everyone guessing. Dont know if its Something Like the deal that he engineered with carrier to try to preserve some jobs that were headed for mexico or a new investment. Of course, he met with the softbank president who pledged 50 billion investment in the United States. Dont know what its going to be, but we will bring it to you when it happens later this afternoon, guys. And of course, it is a little bit more, john, than two weeks before we are expected to learn about what the president elect will do with his own businesses. You mention that this will likely have to do with
Right now. Good morning. Very warm welcome to Worldwide Exchange on cnbc. Im wilfred frost along with Courtney Reagan in for sara today. Good morning. Very good morning. Its throwback thursday, with courtney here were throwing it back to country hits. Youll have to educate me as we go through. Who is this . This is lady a. , right . Lady antebellum. I guess well have some garth at some point . The only name i know. I hope so. Throwback thursday, and another record high for the markets. Yesterday all three four including the russell 2000 yet again hit record alltime highs. Led once again by the financials. Albeit a slightly broader rally yesterday than the prior day. Renewed hopes of a trump tax plan, strong data which drove up yields, which drove up financials, as i already mentioned, some earnings, the likes of pepsi, Procter Gamble leading the Consumer Sectors higher. The bond proxies like utilities were underperformers. We are called fractionally higher today. Thats a better picture