Crucial states. Markets are proceeding very cautiously. They are mixed at this hour after the dows 650point monday meltdown. We are only adding to that right now. Getting a little uncomfortably close to lows of the session. We are down 185. The low is a loss of 196 at the moment. You can see the s p is down seven but the nasdaq is holding on to some green here, up 50 points. No surprise, then, that megatech is powering the markets leaders. Could all that change tomorrow, when the top brass from facebook, twitter and google face the music in what is expected to be a contentious capitol hill hearing . Senator roger wicker is the chairman of the Senate Commerce committee. He will tell us what he needs to hear from Mark Zuckerberg, jack dorsey and sandar pichai. And breaking news out of tmobile. Forget telecom and 5g wars. Tmobile Just Launched a dual attack on cable and streaming leaders. Tmobiles ceo is here to unveil his brand new weaponry of offerings that has the stock moving higher a
Dorsey, and alphabets sundar pichai, are set to testify virtually tomorrow. Section 230hange could have longterm ramifications on free speech on the internet. Banned news political ads. We will ask Cambridge Analytica whistleblower as part of our special electioneering series. First, lets get a read on stocks and microsoft results. Abigail doolittle with us from new york. Big beats out of the gate. Abigail in the after hours, they are trading higher. Although i think what we are about to look at could be all over the map at the moment. They are talking about the idea that further lockdowns could hurt demands. Their Cloud Business was weak. Microsoft Cloud Business very strong. That was a piece of the beat. Maybe part of the business that could have gone to microsoft. Again, after hours, this stock is trading higher on the year. Valuation is rich, but the theter is good enough that stock is doing just fine. The s p 500 index and the dow down once again. The nasdaq climbed sharply higher
By 33 , meaning that the recover may still be far off. What does it mean for investors, businesses and families in this country . Ahead of blockbuster earnings for the Biggest Companies in the world. That is coming up after the bell. After the grilling of the bilge tech ceos we have preview of the tech names. As you can see on the screen, a lot green and more on making money. Cheryl it has been a really interesting session since news on gdp, initial jobless claims crossed tape before the bell. Stocks are mixed. Were off session lows. Were waiting on the four Big Technology companies to report their Quarterly Earnings after the bell. You had the ceos yesterday. Well get the numbers today. Those ceos testified, you saw it here on this program on capitol hill. It was a heated hearing. A lot of allegations were thrown out against the four top ceos. Well bring in susan li who has preview of earning and some of the fallout from yesterday. Susan there were no punches landed. It didnt further
Palatine losing 9 today. Dominos is down 3. 3 . Is that the one where the guy ate like 40 pieces in 30 days . Joe that is the other one. Romaine lets dive deeper into the action. Mike the vix has clearly shot up a little bit below 12 before thanksgiving. Today, up to about 16. Any time it has risen this year, it has been sort of corresponding trade tensions ratcheting up. What is interesting is that moves in the fed have often echoed by risk reversals in the korean won. Volatility between puts and calls on that currency. This week is different in that the risk reversals have not really errored the move higher. You can see, the white is the vix. They risk reversals are the ones not really moving in lockstep. This was pointed out by a volatility specialist his interpretation is basically that this suggests that the pivot is increasingly moving to the u. S. Side of the trade war. Abigail we are just two days into the month of december on a trading basis and we are already looking at two d
Stock wave in a record high. And federal prosecutors saying boeing is possibly on the hook for as much as 2. 5 billion. Its wednesday, may 15th. Youre watching Worldwide Exchange right here on cnbc. Good morning. Welcome to Worldwide Exchange. Thank you for being with us on this wednesday morning. H lets kick off the horde with the u. S. Futures after a mostly positive day for stocks yesterday that saw the nasdaq close at a fresh alltime high. Meanwhile you are seeing some marginal gains implied at the opening bell today. The s p 500 higher by roughly 2 to 3 points and the nasdaq up 1 to 2. Ahead of the opening bell, at least 31 s p 500 companies are now at 52week highs or better or alltime highs across the economic spectrum, across ought of them, including qualcomm, bank of america, freepo freeportmcmoran. At least oneyear highs. Also checking the bond market ahead of todays inflation rate, yields are ticking lower. The 10year ticking solidly below the halfway mark. The 2year note yie