Good morning, carl has the morning off. We want to focus on the state of mna in tech. There has been swings and others that were formally the prey have skyrocketed to valuation thats now give them currency to join the hunters. Between tiktoks impending sale, were seeing now in the second half of the year there is plenty of action still to come. Listen to what bob peck told us yesterday on that front. If you go back to march, it was about two billion. So really it ground to a halt. You saw in june, and it has been a tale of two cities a big acceleration and 3 q over 2q so you have seen a ramping here. People are getting more of a feel on valuation, liquidity concerns, their portfolios, s a strategic rationale and more mna continuing to take place through the rest of the year tiktok is the most talked about target President Trump saying he will not extend the deadline. Oracle is on the hunt to buy it, they didnt talk about it at all on last nights earnings call. We have more on what all
The country without Serious Health consequence where does the confidence come from i mean, havent lets see, we adopted universal testing yet . I dont think so we dont have contact tracing. We dont have enough gloves and mask to keep everybody protected. Lucky me yet the markets have an incredibly strong month. Even with todays mild dip, dow slipping 32 points, s p edging 5. 2 , nasdaq climbed 1. 4 , they crushed fang put it out there are we whistling past the graveyard here not so fast. Theres a ton of confidence in the safety net, the one that covers Large Companies even it as it fails to protect a lot of Small Businesses and doesnt do nearly enough for individuals. Remember we dont trade hair salons here. Theres no ticker for diner, no barber shop, gyms, no. We trade Big Companies companies that have more access to funding than i have ever seen in my life courtesy of the Federal Reserve and the Treasury Department who know that the stakes are high. But you also got a lot of hope driv
Exchange. Im Contessa Brewer in for Brian Sullivan the pentagon confirming overnight that general Qassim Soleimani has been killed. The leader of the elite revolutionary guard in a targeted attack at Baghdad Airport. The attack came at the direction of President Trump the major averages are set to open in the red on this news lets take a look at the futures down across the board. The s p 500 indicated to open down 35 points the dow indicated to open down 273 and the nasdaq off by 114. Lets show you this quick Market Reaction we were watching last night off a positive close yesterday just after 8 00, the news came in about that killing of the leader of the Iranian Revolutionary guard. The plummet now again. Dow futures off by almost 1 across the board, we were seeing a swift reaction with the Energy Markets as well. Right now, wti is up crude is up 3. 5 as well look at the chart. What happened as the news came in wti spiked as the news came in just before or just after 8 00 p. M. We saw
We will name names and later a prediction so wild and bold that honestly we question if we would even talk about it and bring it to you we debated it. But we are bringing it to you and you will hear it coming up true story all that ahead in the next 60 minutes. But nike bouncing back a bit after the steep post earnings drop lets get the numbers, talk about china with seema modi. Talking about her hometown heroes, nike, seema. Thats right, brian sthars of nike turning around after slipping as much as 2 in extended trading a solid beat on the bottom line. But the company said margins were negatively impacted by higher input costs primarily due to incremental tariffs in north america. Sfratly nike reported Greater China sales of 1. 85 billion up 23 this quarter but a slower pace of quarter than last quarter when sales grew 27 . Still, nike has been able to steadily grow revenue in the country over the past five years. Targeting the Chinese Consumer using platforms like alibaba to sell sho
Protests turned violent. Also saw some stronger than expected inflation data out of china, raising questions about whether they can continue their stimulus the dow is higher, nasdaq down about 0. 14 . Of course, record closes last week, hence a little bit of treading water today joining us for the full first hour of the show, nancy the eveningl tengler so whats your take today . The earnings season wasnt as bad as feared, right we seem to be moving towards a more cyclical bias we had overweighted cyclicals earlier this year. It was kind of painful for a while. But it looks like manufacturing is hooking up. Still some concerns about capex, which well talk about, and so were modishly bullish and continue to find places to put money, which is always the test, right . Were going to get some of those picks later on in the show nancy, year with us for the hours. Well focus in on the big stories that we are watching here today josh lipton has details of a brewing controversy including apples