Before the whole case is decided lets talk a little bit more about that yes and you already referenced a potential break up what could this mean for big tech and consumers because it is a breakup now inevitable. Well it just by far not decided and if you look at the reaction on no wall street so that also tells you a little bit of the sentiment the stock off alphabet so the Mother Company of google is make julie even gaining a bit in todays session so wall street does not seem to be too afraid at least for now that anything will change anytime soon but on the other side google clearly is the guinea pig here because there is a lot of scrutiny on the other big tech giants who also have dominant in one of politic. Positions in the tech world if youre seeing Companies Like Facebook Like apple like amazon for instance so all of them they will very closely watch that case and if they google would lose that could make it easier for lawmakers to old also go after some of those other tech giant
Welcome to squawk box. Im becky quick along with joe kernen and Andrew Ross Sorkin. Futures are indicated higher this morning, triple digit gains for the dow up by about 167 points but yesterday was a big down day for the markets. Dow was down by over 400 points, 1. 4 the s p and nasdaq done evz nasy even more. This morning s p indicated up by about 25 and nasdaq looks like it would open up by over 100 points fairly significant obviously everybody watching what will be happening with the stimulus talks with the deadline that nancy pelosi has said for later today. Lets take a look at the treasury markets ahead of that, you will see that the ten year looks like it is yielding 0. 777 so a little stronger yields for the treasury markets right now but andrew, obviously washington is where people are watching and that is exactly where well go because House Speaker nancy pelosi and Steve Mnuchin are saying that they are making progress in their latest stimulus talks with time running short of
A safe space to learn life skills. Are never good for you which is their hope to be a wise professional dancers thats when the u. N. At least what you try to save police in the last you. Hello im christine one day its good to have your company a Record Number of people meeting humanitarian assistance and most of them are children and thats the situation across the border areas of book in the fossil molly and their share according to the u. N. Now along with germany denmark and the European Union they held a Virtual Meeting today to discuss the humanitarian crisis in africas conflict region they try to raise 1000000000. 00. Aid funding not this is how is a geographical region that stretches across africa separating the Sahara Desert from the bells of humid savannahs to the south the region has been plagued by extreme poverty droughts and violence which began after a rebellion in northern mali in 2012 now that violence has since break to the rest of the country and to neighboring book in
Busiest day of earnings season and as we await a vaccine, more positive news from one drug maker about a possible treatment. You are watching Worldwide Exchange here on cnbc good morning, im dominic chu in for Brian Sullivan. We begin with stock futures pointing to a possible turnaround with the dow kit e indicated high, 175 to the up side, s p up by 27 and nasdaq up by 125 the dow and s p are coming off their first single day performances since june 11 the blue chip index seeing its fourth done day wn kaday in a re late february. Since the selling began on friday, the dow has shed a total of 1843 points, roughly 6. 5 it is on pace for its worst monthly performance since march. And it wasnt just the dow Big Technology also taking it on the chin over the past couple of days take a look at facebook, alphab alphabet, apple, tesla, and more together losing some 270 billion in market value just since tuesday alone. All of this coming as the u. S. Reporting its highest number of coronavirus
Unchanged policy. Coming back from the typhoon slower by 116 points. We are talking about hsbc, one of the laggards here, missing out. The largecaps under pressure, 4819 right now. We are looking. When it comes to dollar dynamics, we did see a stronger dollar, which led to a hit. 379 right. 7 now. The china 10 year yield, we just got the pricing on the dollar bonds. Gold taking a retreat. Brent crude Holding Around 42. Tom lets bring you back to the top story in this region. Xi jinping will bring a major policy address later, in the next 20 to 30 minutes or so. Across the border in shenzhen, to talk about an integrated tech corridor to rival silicon valley. Stephen engle is following the story and joins us from hong kong. Steve, what are you looking for in this speech . Stephen i am looking for a better tagline. They are calling this a chinese socialist pilot zone with chinese characteristics. I think the greater bay is the grander scheme. And xily china wants to jinping with a trip so