Outbreak in the u. S. , but new jersey reported its worst day yet. More money for Small Business as the treasury secretary and lawmakers signal additional funds will be allocated for the Small Business program, which has seen enormous demand and m. G. Firms from exxon to halliburton may lay off workers in light of the economic turm l turmoil. Well speak with the ceo of verizon about the companys effort to keep students informed while they are away from school. And the ceo of state street will join us. We have details on the Small Business relief meeting that is taking place this hour at the white house. Mike santoli is tracking the markets fading gains this hour. Ka kayla, first to you on breaking news in washington reporters are entering the roosevelt room right now where President Trump and his economic advisers are set to host a Virtual Meeting with a slate of financial industry ceos to talk about what they are doing to assist Small Businesses. The list of attendees includes some of
Falling 973 point, but the real damage was done in the small caps which got a lot smaller today. The small cap indexes, you name it, you can throw a dart and hit one, it was down 7 to 8 . Small caps on concern of the domestic economy taking it on the chin you also have to look at the big banks. Big bank stocks also in the red. You heard the gang before just talking about it and also focus on boeing. Boeing losing another 12 today. Another very difficult day for boeing and the airlines in general. Just a reminder, we of course, at 5 00 will be monitoring that White House Coronavirus press briefing when it occurs, if you have marketmoving headlines or headlines that you need to know, we will bring you into that as always, waiting for it to begin and well dip in once or twice during the show, as well welcome, everybody as said, im Brian Sullivan and we have a great trader panel we have tim, karen, dan and guy. The gang is all here, and karen finerman, i want to begin with you because i kn
A georgia grand jury indicts former President Trump charging him with felony and racketeering the defendants engage in a criminal racketeering enterprise on the record, ron desantis talks to cnbc exclusively that bob iger should drop his lawsuit and talks tough on china i view them as an adversary you have to deal with a lot of people that is not the direction we need to go now, good morning. There is a lot going on in markets this morning ill highlight the top stories we have been talking about in the last hour or so. First, lets start with china. China Central Bank Cut the onemonth loan rate by 10 percentage points. Earlier, the Chinese Central Bank did cut the key rate in the oneyear rate to another set of weak Economic Data coming in and Russia Central Bank hike to 12 during the emergency meeting after a plunge in the ruble. The central bank warned pressure is building in the economy and that is the reason they did go for the aggressive rate hike 350 basis points from russia throug
Home depot on the agenda will the result lead to a remodelling project for that stock . The race to be the leader in the fast growing Artificial Intelligence market as rbc tells us who is ahead of the pack and who is lagging behind. It is tuesday, august 15th you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im the dominic chu in for Frank Holland. Lets kickoff with the equities which are sliding. Dow is implied lower by 165. S p lower by 17. The 43 point slide for the na nasdaq you see the yieldsin the bond market moving in that mentality as well with a little bit of selling pressure which is pushing the yields higher. 10year treasury is above 4. 2 4. 216. The 2year treasury is pushing up on that 5 mark 4. 967 30year treasury is a hair below 4 in the energy markets, signs of downward moves wti is down. 20 82. 35 similar for ice brent. 86. 12 is the last trade lets get to the developing story. China central bank cutting Interest Rates amid mor
fires at random, killing three elderly women. police taking down the gunman. a sergeant is wounded. fellow officers coming to her aid. the gunman s final message, and what his family is saying. also, the massive fire in charlotte, north carolina. more than a dozen people rescued. at least two missing. the inferno reaching 2,000 degrees. nbc news now reporting florida governor ron desantis is set to formally announce he is running for president, as disney cancels a $1 billion development in its feud with the governor. just breaking, a man rams his car through a gate at the vatican, before police stop him. we have late details. president biden in japan, while back home, negotiators work around the clock to reach a deal on the debt limit. where things stand right now. why deutsche bank is agreeing to pay $75 million to settle a lawsuit by jeffrey epstein s victims. priced out. one of the toughest housing markets in years. higher rates, far fewer homes for sale. how t