Microsoft makes a major push into removing carbon from the atmosphere. We get details from microsoft president and cfo. What an internet pioneer sees in the decade to come. Years in the making, the u. S. And china signed phase one of the trade deal on wednesday. They put pen to paper for a deal that the president claims will have a Significant Impact on the tax world. Tech world. Enforceable made commitments regarding the protection of american ideas, patents, and trade law. Also agreed to confront pirated goods. People in the room with the likes of executives from micron, qualcomm, ebay, and others. Director ofhe digital and cyberspace policy on the council of Foreign Relations in new york. In washington, eddie collins. We have learned that the u. S. And china have taken the first step to negotiate some big imports into the u. S. In terms of china promising to commit to buying of more u. S. Products, as well as some concessions in terms of enforcement around intellectual Property Prot
Expected to move to trial, the phase one china trade deal expected to be signed at the white house this morning top trump economic adviser larry kudlow joins us first cnbc this hour. And financials are in focus, bank of america beats for the quarter, goldman hampered by litigation charges target shares are plunging. Holiday sales miss on estimates on weakness and toys and electronics. The u. S. china phase one trade deal said to be signed this morning this is what secretary mnuchin said about the agreement earlier this morning on squawk. We need to put together very significant laws to change rules and regulations and made strong commitments to our companies there will not be forced Technology Going forward thats a big win for our technology companies, businesses and American Workers we look forward to learning more in the wake of this signing. Jim, mnuchins appearance this morning brought us something new, the notion of phase 2a, phase 2b, phase 2c, so stories evolving rapidly i think
We will get details from microsoft president and cfo. And we look at what an internet pioneer sees in the decade to come. After three years in the making, the u. S. And china signed phase one of the trade deal on wednesday. And the vicemp premier put pen to paper for a deal that the president claims will have a Significant Impact on the tech world. Pres. Trump china has made enforceable commitments regarding the protection of american ideas, patents, and trade law. China has also pledged action to confront pirated and counterfeit goods, which is a big problem. Taylor those people in the room with the likes of executives from micron, qualcomm, ebay, and others. To discuss the implications, i talked to adam siegel, director of digital and cyberspace policy on the council of Foreign Relations in new york. In washington, bloombergs peggy collins. We have learned that the u. S. And china have taken the first peggy and china have taken the first step to negotiate some big imports into the u.
Can you guess what company just passed facebook to become the second most downloaded app in the world well goat you the answer a bit later in the show. Its a busy hour were kicking it off with target missing the mark a once red hot retailer posting the worst day since november 2018 after reporting sluggish electronics sales. Target which had been a bright spot for the sector and market in general joins kohl as jcpenney five below and l brands failing to meet holiday expectations. The xrt, the etf tracking the group, down more than 1 to kick off the year. Guy. Yes, zwlier do you think there are cracks in the consumer showing . I dont think its an indictment of the consumer at all. I think in this case one off misses we have have a consumer conversation but i dont think its about target the stock went from 80 to 130 in a Straight Line and finally valuation catching up to walmart compsy disappointing you cant say they were not. They reiterated Fourth Quarter guidance and margins down. Sto
Open, wall street looks to close out a recordsetting week. Peacock joins the streaming wars, how comcasts forthcoming platform looks to separate itself from the streaming flock. Joining the four comma club, alphabet more than 1 trillion all together more than 17 of the s p 500. Stocks looking to hit new record highs upbeat news on the economy as Housing Starts rise in december to their highest level since 06 up 16. The and just to put that into perspective we are looking for an increase of 0. 4 amazing, and of course the commentary from tepper and druckenmiller over the past half hour has done a lot. Its fed in the same direction. Well pick apart if weather was a factor in the Housing Starts and the rest but that is when the equity futures took another leg higher when the numbers were reported comes after we got other good housing data its become very hard to decide that the headlines are going to get in the way of a market thats been on this autopilot higher the guys like david tepper