Falling back boeing is providing an advance for the dow inlyft customers cancelling orders this year in light of the pandemic. It is up 5 as we speak, 59 minutes left on this session coming up, kyle bass will be with us to talk about the Election Results and how president elect biden will navigate americas complicated relationship with china. Plus an interview you will not want to miss we will hear from carlos ghosn whose scrape from japan to lebanon Drew International attention. We will hear his side of the story,i his thoughts on what will happen to his former colleague and the men who helped him pull off his escape. Lets get straight to thesters we are watching mike santoli tracking the Market Action josh lip ton with the highlights from todays afternoon apple evenly joining us to talk about apple and the broader tech selloff is dan ives mike santoli tell bus the trend. Into value out of growth, into small out of large, and really out of defensive into cyclical thats been the team t
Hearing in person must wear a face mask. Members who are not wearing a face mask will not be recognized. Let me also make a few reminders for those members appearing in person. You will see members and witnesses appearing remotely on the monitor in front of you when youre speaking in what is known in webex as active speaker view. At time is visible in the room directly in front of you. For members appearing remotely i know you are all familiar with webex by now but let me remind everyone of a few points. First you will be able to see each person speaking during the hearing. Whether they are in person or remote, as long as you have your webex set to active speaker view. If you have any questions about this please Contact Committee staff immediately. Second, we have a timer that should be visible on your screen when youre in the active speaker with him know. Members who wish to pen the timer to the screen should Contact Committee staff for assistance. Third, thousand rules require that w
Ten weeks. But with todays move to the upside in a sector largely exposed to china and ahead of another round of expected tariffs in just a few days, where should investors be looking for protection joining us now to discuss, Oak Mark Fund Portfolio Manager bill nygren and nsz capital cofounder, bill slingerlen brad, you have some thoughts specifically around where is a good place to put money at this point. Specifically as it relates to regulation coming down the pike and semiconductors give us a sense, start with semis. Sure. So you know, we think theres no more interesting spot in the tech sector today than in the semiconductor segment, particularly for longterm focused investors. We know theres a lot of noise and a lot of volatility around the trade war and the trade talks that are going on now. We think ultimately, were entering sort of an ai cold war phase between the west and china. But that china and the chinese economy cant exist without cement conductors and frankly, the enti
Af reporting after the close today. And the one central bank cutting Interest Rates despite inflation. This as we an wait the latest fm the bank of england. First, amd and qualcomm coming up short and giving investors new reasons to worry it is thursday, august 3rd you are watching Worldwide Exchange here on cnbc good morning welcome to the show. Im dom chu in for frank holland. Lets check in on stock futures. Losing steam we are sitting at or near session lows for the futures market s p is implied lower by 15 points Dow Jones Industrial average lower by 100 nasdaq down by 60. You can see a sharp leg lower right around when europe just started trading and it has been drifting lower since here. We currently stand at 4,520 for the s p. This was all after a rough day for wall street on the heels of the fitch downgrade. Nasdaq posting the worst day since february right now,. 50 to the downside. S p down 1 . Some conviction in the move lower based on volume. By the close yesterday, spy clos
These cable providers giving you a front row seat to democracy. Up next a house transportation and infrastructure subcommittee hears testimony from amtrak c. E. O. Steven gardner and the executive director of the northwest Corridor Commission on improving Train Service and efficiency. They also discuss passenger safety, route options in the midwest and west coast and high speed rail. [captions Copyright National cable satellite corp. 2023] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] the subcommittee will come to order. I ask unanimous consent that the chair may call recess at any time. Without objection, so ordered. I recognize myself for Opening Statement for five minutes. Todays hearing examines the current and future state of amtrak. The Infrastructure Investment and job act gave historic funding to railroads with a large portion of that money going to amtrak. Amtrak is a federally chartere