Good morning. This hearing will now come to order. I am pleased to welcome our distinguished panels of Witnesses Today on the economic subcommittee focusing on a very important topic and i think theres a lot of bipartisan interest in and that is the economic geostrategic challenge with the rise of china poses for the United States not just today but in the future. The calmness party led peoples republic of china through unfair treatment practices and intellectual property theft market manipulation and very prominently in my view not reciprocal treatment not just in the economic realm but in many realms has been a force in the Global Economy that undercuts the resiliency of the u. S. Economy. Its been one of the worlds fastestgrowing economies averaging close to 10 growth from 1979 to 2015. In 2014 china overtook the United States as the Worlds Largest country in reducing power according to the International Monetary fund. I believe there is a strong bipartisan interest and hopefully we
A major role on sesame street and the mr rogers neighborhood it doesnt appear to exist at all here in washington d. C. Because fresh up the news of one of the worst contractions of the economy in u. S. History with millions upon millions upon millions of folks facing joblessness the victims of potential sickness or even death thanks to a Global Pandemic the United States congress the senate in particular has decided to take a 3 day weekend no im not making it up yes Chucky Schumer Mitch Mcconnell an arrest and decided to take friday the 31st of july off despite the fact that the co but 19 emergency 600 dollar weekly federal Unemployment Benefits expires and you guessed it friday the 31st of july all but guaranteeing that tens of millions of americans will see their incomes drop by 50 to 75 percent with another rent payment due in just 24 hours while Mitch Mcconnell is resting his corporate job on a mint julep in. Old kentucky home reveling in the true art of irresponsibility the New Yo
With you. Really . The judge how are you . Are you said what have you got . Do you have like chambers there or like, what are you equipped to do if push comes to shove today. You have what do you have at home what have you got. And report on what we report on. Am i the only one. I filled in i filled in recently for a full week and they didnt play the theme music a single time. Hopefully they can make up for it today we didnt hear about it we started having fun. We nip that in the bud pretty quickly. Oh, this is you. Im sorry this is you. So you got that going. Im glad i got up this morning. Lets take a look at equity futures. We try to get a new record on the s p 500. Well see what we can get over the top there. Treasury yields on the rise as of late. 25 last week alone. Theres the ten year not doing too much not all that long ago. We have seen rates starting there and stocks have been on the move well see that new record on the s p this morning. The amount of money were sprinting, i d
Break down the key sticking points and a Worldwide Exchange exclusive ed morse making phone calls the investment is his best bet right now. Youll hear it here on Worldwide Exchange on cnbc good morning, good afternoon, good evening from wherever in the world you may be watching. From here in the states, im Brian Sullivan kicking off with the big blue. No real rbi today. Lets call this the rbi. Ibm is up some 5 in the premarket if the gains hold there on ibm and they may not if they do, that could ad 45 points to the dow at the open. Ibm your rbi it is very rare that ibm rises after earnings according to our own earnings guru, this is the 23rd eps beat. Up bigly well call it ibm, your rbi and you are making investors today a little bit of dough. 70 of the time in the past five years, your stock appears to be down after earnings. This is the eighth straight quarter where sales are flat down on the year to those highe futures, the nasdaq showing gains right now. With the move yesterday, t
The auto sector. Ford and nikkola news coming your way just about to flat line with 59 minutes left in the session. We have a big lineup of ceos coming up on todays show. Dan rosensweig on the back of cheggs earnings it is a moon shot. Then the head oof another stock that has been on a terror, henry ji, ceo of Sorrento Therapeutics and its a huge earnings news, disney, nikola and well speak with the ceo of ww right after the numbers hit. We have 58 minutes left of trade. Mike san totoli is tracking act and phil lebeau. B mike, start us off with the Broader Market it is flat. We alternate the days between when the indices look better than the majority of stocks and days like today when the indices are doing nothing but holding near the highs take a look at the s p 500 here we are on a year basis. You have the pop and turn pattern. You pop above the highs and then chops around right now were above that june high 3350 or so would be a 50 rally off the closing low for from 23rd that is 19