Im wilfred frost. The longest winning streak for the dow and s p since february. The dow up about 0. 2 as is the nasdaq, the s p just behind that. Materials and utilities leading the gains while telecomes and financials the worst performers. Intuit, mattel and nrg Energy Better than expected earnings. Dupont is leading the dow on news there are changes to the dow dupont post merger plan. And ge around session lows following the presentation by the ceo jeff immelt, worried about the neglect it tiative im an accounting change. Here is what else is happening this hour. Five House Democrats are asking Deutsche Bank for information on president trumps alleged russian tries. Maxine waters and four others on the House Financial Services Committee Want to see any information the german bank may have on dealings the Trump Administration had with it. The nba says it will play the 2019 allstar game in charlotte, north carolina. This comes after the league moved this years game away to protest. An
Good wednesday morning im Carl Quintanilla what a morning markets are not moving much. Travis kalanick is stepping down as ceo from the company he founded back in 2009 in a statement he said, this is a Bold Decision and a sign of his devotion and love for Uber Kalanick will remain on the board. Joining me is executive editor kara swisher who famously profiled travis in vanity fair. Not long ago, well walk through what our discussion entailed. He was the ceo of a mess they are cleaning up now. Thats pretty basic. They are resistant to remove a ceo in the founder of technology, but a number of things have been going wrong from the Sexual Harassment allegations, the retaliatory behavior, to the gray balling, it just adds up to a really situation there where they understripped some of the responsibilities from him. And they decided to act because they were worried about their investment interest, i think. Kara, from a fundraiser standpoint can we be that specific yet . From the ipo standpo
Welcome to Worldwide Exchange on cnbc. Im sara eisen im mike santoli in for wilfred frost. And the rest of the week. Happy to have you. Until the end of the quarter. Especially with this market move yesterday a lot going on. So lets check on Global Markets. After we did see a selloff s p closed lower by 0. 8 , the worst day since midmay for stocks certainly the s p and the dow. Futures looking positive there the nasdaq still under pressure which is the concern for the overall market now those tech stocks weighing down. We have a quick early indication of the socalled f. A. N. G. Stocks which have been driving the markets. Facebook, amazon, netflix and google or alphabet alphabet is the only one higher in the premarket otherwise seeing some declines for amazon, netflix, facebook. The winners yesterday got crushed. The broadcoms of the world down 3 a lot of Semiconductor Stocks alphabet was one of the f. A. N. G. That was down the most because of the negative news out of the eu in genera
The economy are most at risk if there is a trade war. And companies warning last months global cyber attack is actually having an impact on their financials weve got the details on which companies are being hit. Meanwhile, can a superhero save the Summer Box Office season in the new superman movie is out today well tell you whats riding on that film and an analyst who says exposure to movies is a risk for some media companies. Well tell you which ones. Spiderman versus wonder woman and the fight for the box office. So far so far wonder woman go the is dominating bigtime this summer and our not surprised . No, about time we had a female superhero start with stocks moving higher on the back of todays jobs number. The junes job report may have come in much stronger than expected but the Federal Reserve is expressing some concerns about wage growth right now. Ylan mui, another super woman. The fed flagged the problem in the Monetary Policy report to congress which was released ahead of yel
Ceo will join us with a first on cnbc interview. It was really good. Breaking news from the white house. President trump about to discuss the Senate Health care bill. Kayla tausche has a detail and maybe some breaking news as well kayla . Reporter bill, we are expecting the president to make remarks from the blue room here at the white house in just about 15 minutes time but it comes as the white house and its cabinet agencies are trying to coalesce and put together a unified policy and a unified front in exactly what its stance is when it comes to health care. Of course, this as the senate is expected to vote this week on a procedural motion to proceed on the houses Health Care Bill its that sort of slate from which they can build, they can amend, they can potentially edit that as they see fit, but it is that motion to proceed that is going to come up this week im told by senior gop aides theres no date set for that just yet, but in terms of white house policy, a Senior Administration