Now boeing is the most expensive stock in the dow, when it cascades, close to 10 bucks a share, disproportionately has a weight on the dow. Accounting for half the loss were seeing in the dow about 135 points. Roughly half of that is just boeing. Meanwhile the Justice Department is ramping up a probe into big tech. Here is what is amazing, the nasdaq is in record territory, it is doing that without the likes of amazon, apple or google. You dont see that very often. Were awaiting a new statement from the the new Prime Minister of britain, Boris Johnson, indicating he will go full speed ahead with the plans to break away from the European Union by hook or crook within the next 60 days. Well see what happens on that front. Deal or no deal he wants out. First to the bob mueller hearing, how lawmakers are looking at a situation is not living up to how it was billed. Hillary vaughn with the latest. Hey, hillary. Reporter neil, the house Judiciary Committee, lawmakers sitting on the Committee
Unexpected rant about gridlock in washington. Boy, was he well hear what he said. Well let you listen to it. And wells fargo shares are under pressure after the banks disappointing revenue numbers. The companys cfo will join us. And after the bell, paypals chief executive officer will join us in a cnbc exclusive. That stock hitting an alltime high earlier in the wake of its new apple partnership. Well get more details in the next hour. Lets start though with this news that broke in the last hour regarding sprint dow jones reporting that the Telecom Giants chairman engaged with Warren Buffett and cable mogul john malone about a cable investment those talks reportedly happened in sun valley, idaho, at the ellen and Conference Company conference where Julia Boorstin has been packing up and getting ready to go and hang around, julia. There may be more news breaking here so we all know that they were there but you havent been able to confirm whether the conversations we were talking about t
Market bets. And the loser is price waterer house cooper apologize for their oscar mistake as la la land is accidently announced as the winner in a spectacularer best picture mix up. Lets get back to our top story. Al shares in deutsche exchanges deal appears in danger of collapsing, this after the British Group said the European Commissions was unlikely to approve the deal. But why . Here from frankfort to talk us through the latest developments. Reporter the latest is that lsu is dejected to divest a part of the italian business which the e. U. Commission is demanding. The lsu putting out a statement saying they couldnt comply with the latest demand from brussels. This would actually not go through the regulatory business in italy and also that wouldnt really help their extending in italy. So thats exactly where we are now, that brussels is demanding further action from the lsu where the lse is not complying. I was hearing from sources close to douch berger that they could comply wit
The latest vote suggests the no count has taken the lead. Shares in ricardo trade higher despite a fall in profits. Chinese stocks hit a high as weak numbers suggest beijing will step up with fresh stimulus measures. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Good morning. Welcome to the show. Were just getting the report through that we had expected from the International Energy agency reporting that oil prices, quote, fell sharply in august. As we know, wti declines by 6. 32 to 96. 08. Brent down to 4. 79 to 103. 40. It says a slowdown in demand growth in the Second Quarter caused by a weaker outlook for europe in china underpibed those downward revisions. It said compared with a year ago, Global Supply was 810 thougs barrels per day. Referencing geopolitics, the iea said while conflijt in iraq and libya show in signs of abating, prices remain muted, that because of weakening demand growth and supply. We will be talking to the bnp s
Rise. Less concerned about as may have acquisition. Overpaying. A lot of the shareholders who own fox are shareholders in time warner. So while you want to high bid for time warner, you dont want fox to overpay if you own both of these stocks. People were expecting strong numbers out of time warner to so it could profits case. How is this for a good morning for you . Stocks down just before those earnings come out. And at the same time, rupert has a history of overpaying, right . When you look at the write down that he took on the wall street journal, but ultimately financially he paid a lot of money for it. So shareholders are going to go along with that. Theres a comment in the newspaper this morning which is the new and improved Rupert Murdoch that hes learned his lessons from prior battles. I doubt it. He had less power. He would love to do that. The shareholders couldnt call a meeting earlier, that this was going be something that would drag out over the course of the year. Into t