Today is bad blood between beijing and the white house showing no signs of letting up and bracing for impact this is Worldwide Exchange right here on cnbc well, good morning, good afternoon, good evening, where ever you are thank you for starting here with us on cnbc. Its going to be a big week. Maybe the busiest and most important week of the summer why do we say that here you go. This will easily be the most packed earnings week of the season 167 of the s p 500 will report including 12 dow components. Well get numbers out of apple, amazon, boeing, mcdonalds, 3m, exxon and many more. Also as soon as today, Senate Republicans should unveil their latest stimulus proposal. Timing all but assures congress will miss the deadline tomorrow kicks off the feds latest policy meeting. Theyll talk about their own form of stimulus it could be again talking about new tactics to keep Interest Rates low for years to come. Also wednesday, we see rescheduled technology ceo antitrust hearing, ceo of app
Ah but have a look at tesla. It made a profit. Its opening a factory in texas. It hopes to sell a half million vehicles this year and the stock is up again this morning. Elon musk now leads, im going to say he leads the technology economy. The stocks up 64 bucks now. Microsoft down. Whys that . Im told its because their Cloud Business only grew 47 . First time the growth rates been below 50 . Well, sell that thing. The stocks down nearly four bucks. Theri cnhe tin in po rt landrtla oregonor a44th offf inriing. Th ayor or jtl jedostl bedy b b pst at th supporsupp the anarc ahinast anast anaaken ne inne t ihen theheneworkork ity i nows theshehe wororst pl ac businebuness retairsrsrsrsrs sarsy. Now, tnohaw,tw,w,s a is. Th e new cold war, china and andhe s. A a fitivs researcher linked to chinas military is reportedly holed up in the chinese consulate in San Francisco. The president s considering closing that consulate just like the one in houston. And now look whats lapping on happening o
Practices nationwide. The president s order comes as lawmakers in both parties pursue reform bills in the wake of George Floyds death at the hands of police in minneapolis and following the shooting death of Rayshard Brooks at an atlanta fastfood drive through last weekend. Those events and others sparking nationwide protests and calls by some to defund the police, ray kelly, he joins me now, welcome commissioner kelly. Good to be with you, paul. Paul you have seen the now attempts to bring some reform as they say from washington, but policing is a local function, so what do you make of these National Reforms . Well, obviously they feel that they have to do something and the senate and the house agree on a few things which i think theyll go forward on but they disagree on a lot of other areas. They agree on body cameras, although they approach it differently. They agree on eliminating chokehold, they agree on having 19member commission on the status of black boys and men, but after tha
Faa and create a new organization. Schuster has been working hard to what the vote. That it doesnt have the vote. This is the Second Time Around this week. They took up a version of this bill and monday. On monday. They do in procedure under the spansion of the rules. Under the suspension of the rules. They had to go back to the rules committee. It takes a bit longer. They have the votes to pass this bill. There is tax relief in this bill for victims of the hurricanes, harvey, irma, and maria. Why are those included in this faa bill . What would they offer . Offer myd understanding is part of it would be to allow people to withdraw money from with rid from with from retirement accounts taxfree or with a lower tax than usual. Usually, you are penalized pretty hard for doing that. It was added into the bill a must this was seen as pass vehicle. It has to get out of the congress this week. The faa authorization expires friday. This is an emergency measure and they had to get it out very w
A very rich panel. Is a whole bunch of trump and resistance, trump and congress, there is lunch on the main mall. There will be a reception at the center. This handle is supported by pearson and the sponsors and play nonderwrite but role in my line of questioning. This event will be 60 minutes. To end will be left open questions from the audience. Then pearson will be hosting all of us for a brief meet and greet next door where we will drain the swamp together. So please join us for that. If you are going to tweet during this event, please silence your phone. Let me introduce our panelists. Douglas brinkley is a professor at rice and cnns historian and the author of several books about the presidency. Next in him is the National Political correspondent for npr. You can hear her on shows like morning edition. She is a contributed to fox news. A seniord who shows chair in history here at ut. He is an author of several books about the presidency. Some of you have seen the written material