About how his company is positioned. And speaking of 5g, the chip industry stands to benefit from it all i talk to a guest on everything from trade to more. First, Steve Mnuchin downplayed the chances of a stimulus deal before the election. Lets get the latest on Market Movers with abigail doolittle. Emily it was another topsyturvy day and officially a bearish reversal third stocks open higher prior to Steve Mnuchin getting those comments around stimulus target to reverse lower. Once those comments were out, a stronger leg down to investors a little unnerved by the idea stimulus may not get done the election but there are nuances suggesting maybe some of the skinny deals will get done. 7 the500 is down nasdaq down. 8 . The data transport really helped out by the airline. Perhaps again on hopes around the idea that some sort of deal for the airlines could come through even though some sides are saying that cannot happen. Crude oil also happening so you could bring in the idea of a reope
Closing down by 0. 4 the hang seng was off by 1. 1 . Then the shanghai was down by almost 0. 9 . In europe it looks like, again, a modest decline dax and the cac are relatively flat ftse down by 0. 2 . Italy and spain down by 0. 3 and 0. 4 if you check out the treasury market, you will see the tenyear right now looks to be yielding about 2. 019 . We do have breaking news on Warren Buffett he is denying reports of tensions between him and 3g capital and kraft heinz. Buffett said 3gs cofounder is a good friend and he plans to see lemann next month. He also plans to attend lemanns 80th Birthday Party in august. The report has been out about tensions between them. Buffett also expressed support for the ceo of kraft heinz reports of the tensions may have been sparked by kraft heinz underperformance. That stock down by 50 buffett says right now the biggest problem facing kraft heinz is that heinz overpaid when merging with kraft back in july of 2015 he said he paid too much and it will take
Hour, its an overcast day across San Francisco bay but thats okay. Because i like overcast days. I think theyre healthy days. We need them every now and then. Alongside Gasia Mikaelian and sal castaneda, im mike mibach. Welcome to this National Grilled Cheese day. Really . I wasnt told about this. Because its not as important as National Equal Pay day. Gasia, weve got news in our own backyard. Lets bring you those live pictures now. Were following developing news from oakland. Theres a truck crash on southbound 880 right after 980. This crash is there blocking almost all of the right hand lanes. So what you want to do to avoid any sort of problem with getting through oakland right now is to use eastbound interstate 580 and plan ahead. You dont want any part of this. On the right is the jackson street exit and traffic is backing up not only on 880 but also backing up on 980. I want to show you on the maps where this is. Its right there at that critical junction. If youre coming to the J
Welcome to market makers. And im joe weisenthal. In for joe today. We have a lot to cover. We have to cover greece. The top business stories from around the world. The winner john lohan has joined the board of Lions Gate Entertainment in a stock swap deal. Lions gate is the studio that produced the multibilliondollar hunger games movies. The company is giving malone and his affiliates at 3 stake. In return, lions gate will get 14 of the voting power and malones starz tv network. Time warner has beat profit estimates for the 24th quarter in a row. Fees for its cable channels and hbo help offset a drop in advertising sales. So did job cuts across the company. Time warner is trying to attract new viewers by offering a web only subscription to hbo for hip millennials. A Record Number of americans renounced their citizenship last year. More than 3400 turn in their passports. One likely reason, a law that gives the irs unprecedented access to americans foreign bank accounts. That nbc news in
Service, but jay z has been successful because of apple and youtube and all this stuff. What is the criticism hes talking about . Just the fact that its not doing as well as others is that right . Hes trying to move all these premium artists on to his service, some of the other services obviously would like to keep them so theres a big of a scrum going on. Were separated here. Its almost like we need somebody in between us. Keep them separated. Its weird. You stay over there with your views and we know what they are and ill stay over there and well have a point, counterpoint. You are on the left there. Camera right. All day long were a Business Network but there are general news stories that happen and right at the top, i was a little bit uncomfortable. I talk about nepal and i go right to apple, but, you know theres no really elegant segue to go back and forth, so well just do what we do and just excuse the juxtaposition of these stories. Here are some of the big stories that were wat