Q2 is at 10 the president says markets would crash if impeachment moves forward. Plus, vaping fallout Philip Morris joining us after calling off merger talks and shares of beyond meat soars, as mcdonalds begins testing, the plt, a tomato burger. The house impeachment inquiry remains in focus futures are pairing their gains as the house releases the whistleblower complaint. Joseph maguire is set to testify on the hill, before house intelligence well keep you apprised of headlines for that the president did retweet a comment this morning, suggesting that the markets would crash, if impeachment happens. The history of when clinton was impeached is one of the first day tech was down, 4. 5 . Nasdaq, after that, it was the greatest buyup effort. Im not going to buyin if the markets crash. I would buyin if he was convicted by the senate. You need twothirds of the senate i feel like where we are here is like, the whistleblower you know where were back to were back to one of the situation where
About their role there seems to be some debate about this good morning, welcome to squawk in the street im carl cantonia. At the cnbc, they are delivering at the conference in new york city that was sec jay clayton as you saw. Moments from now, kobe bryant, the basketball legend quickly becoming an investing legend we will talk money in sports, futures in a tirade full of economic data. Of course, delivering alpha. The big story today, a number of heavy hitters at the investors summit a pretty good discussion about the nature of our Capital Markets these days yeah, i mean, look, one of the things we are all trying to figure out is in relation whats going on with the fed, whats going on with business as a force of change. Thats something that andrew is bringing up. Bring up at the Business Roundtable which is very interesting. Its a month or so already right things have Securities Exchange commissioned. Im curious to hear what mr. Claytop had to say. Thats what people buzz with me to fi
Both up this morning crude oil, it is still hanging in there right below that 50 mark, of course and theres brent crude as well. Lets get to the road map. It does start with that market coming off a record breaking rally. The question of course, will it continue and big changes at ge the new ceo making his mark on the company as a new investor joins the board. A nail in the could have infor tax reform a top gop senator warns that President Trump threatens world war iii. The markets looking to continue its record run with the dow and s p in the midst of a fourweek winning streak but Technology Closing on friday at the new record high. Bar beingiring a large selloffe trump dow rally ochb track to surpass the 23. 3 gain posted in the year following the election of George Herbert walker bush. One would imagine we will hear tweets or get tweets about that the minute it happens. It is a major accomplishment and were coming off another week where all three major averages closed up a percent a
Good morning, welcome to squawk alley. Were at post 9 of the New York Stock Exchange joining us this morning, re ric executive editor kara swisher joins us a lot to talk about including Apple Earnings after the close tim cook tempering expectations especially when it comes to iphone sales as more Customers Put off buying new devices in anticipation of the tenth anniversary iphone which may arrive as late as apples december quarter kara, a lot has been written about this particular cycle. Both the features and phone and the timing of the release. What are you going to be watching for tonight well, i think nobody is paying attention to this quarter. Theyre anticipating the next quarter. Projections will be happening in the december quarter thats whether they start selling the phones there is some stories it will be release the later and theyll be in limited quantities. I think everyone is focused on the phone and not you know this is the midyear trough as dan wrote today on recode. But i
Meteorologist janessa webb. First it is muggy and then we will be affected why some rain. Tomorrow i can promise you Better Weather but we are tracking severe storms. We have already seen round one. We started to see a line form out toward toledo. It has tracked toward the east affecting most of our viewing area with widespread rain. Some of these goalie washer cells this morning you are probably noticing some minor flooding on our roadways continuing to slide to the east. Right now affected is medicine and mentor with some madison and mentor with northern Geauga County with a few isolated raindrops. The brunt of the moisture definitely some minor flooding out toward geneva on the lake across 90 east. This is moving fairly quickly here. Then we will see kind of a dry slot forming right now. You can see the brunt of this moisture continues to that toward the north throughout the afternoon providing us with more wet weather throughout your saturday afternoon. Temperatures are still very