Reaction to these lawsuits. Back to you. Bertha coombs at the doj. Good news. Good morning. Its 8 00 a. M. At qualcomm headquarters in san diego and squawk alley is live welcome to squawk alley. Were live in cleveland this morning, the site of the Republican National convention. Holding back the fort there. The night was supposed to belong to Donald Trumps running mate, mike pence, but it was ted cruz who stole the show not endorsing the ticket. Hes calling on voters to do this. Stand and speak and vote your conscience. Vote for candidates up and down the ticket who you trust to defend our freedom and to be faithful to the constitution. I appreciate the enthusiasm of the new york delegation. Mike pence did go on to officially accept the vp nom. Tonight, Donald Trumps chance to make his case to america. And did mike pence make his case . Im joined by a former advisor to mike pence. Good morning, guys. Historian michael beshloff says hes never seen anything like this. Have you . Not in m
San francisco. Good morning to you. Another ugly week despite some solid gains today. Dows up 175. The nasdaq is now down almost 14 for the year. Rich wong of xcel telling usa today saying, i personally dont think the environment is anywhere as close to as difficult as 2008 or 2009 or 2001, but try telling that to people in tech, kara, especially given the losses in f. A. N. G. How is this playing out in your view, both from a sentiment standpoint and more practically . I think practically, people feel good about it, odd enough. In a lot of the places im going, a lot of the vcs are happy about it. A lot of people think there was too much money rushing in, especially from the hedge funds and the larger institutional shareholders that were shoving the prices up enormously. Ive been hearing this for a while from a lot of prominent vcs, they couldnt have been compete. A little like San Francisco real estate, it suddenly got crazy crazy, and then goes back to just normal crazy. So i think e
Into the close here. The action really occurred overnight. 9 00 we got word about Nuclear Tests by the North Koreans, and we also got word that china said its currency fix lower. I think that was a major factor. Modest expansion and new lows. Almost 200 at the nyse. Havent seen that in a while. The autonation ceo talking about the dealership. Thats a new low for autonation. The carmakers are being affected by that announcement as well. Whats holding up . This is looking a like 2015. Those old consumer names that did so well, the rentals and the conagras and the tysons and dr. Pepper, theyre the ones, again, fractionally on the positive side. Gold subpoena, and i do want to point out that while the Spider Gold Trust is on a fiveyear decline, the volume is fairly heavy today. Much heavier than normal. Twice the normal volume. Even though it may not be moving that much, guys, the volume interest is very high. All right, bob. Thank you very much. Bob pasani on the floor. More on north kore
Mexicos first lady under fire for taking houses from companies doing direct business with her husband, the president of mexico. Now, for the first time she is speaking and Michelle Carusocabrera will tell us what she says. First to sue at the nasdaq where she will talk to the ceo of a company that just went public. Thats a great story and we will get to it in just a bit. We begin with mounting fears about the safety of cars on american roads. Regulators calling for a National Recall of millions of cars with air bags made by japanese auto parts supplier takata. Phil lebeau joins us live from the l. A. Auto show where air bags are stealing the show at this point. Phil to you. Reporter a lot of attention regarding the takata air bag recalls. A lot of people saying im not sure what is going on. Last night the National Safety Highway Administration held a Conference Call saying there should be a nationwide recall of millions of takata air bags. Prior to this it was regional recalls. They ar
Course of grants Interest Rate observer, noted fed critic with his take on what the fed is hinting at these days and sounding the alarm on the petrabras scandal. Hes coming right up. Also a closer look at the red hot commercial Real Estate Market here in this country and whether its already becoming too hot. Leading towards a dangerous bubble. That could and might sound familiar wreck havoc on the economy if it pops. Investment of china, russia and now canada. A special report of where things stand in this space and what it means for every investor out there. This is so surreal to me. Making a bet on highend marijuana. High end, right . Got that . Bob marleys family is now lending his name to a new brand of premium cannabis. Aimed at the discernible pot smoker. Now, i mean discerning . I guess its discerning but not after a couple of doobies. Not much to discern. I came of age in the 70s in california. Do the math. That is whole new world and frontier. Well talk with the private Equity