Again as it opens an investigation into one of apples most critical suppliers. Details ahead. Plus we go back to the picket line as Hollywood Studios return to negotiations with actors this week to end the monthslong strike. But first, i check in on those markets, and boy, has there been some volatility, particularly in treasuries. Whats the read across here . Theres been tremendous volatility at the surface level, so much so, lets start beneath the surface. If we had been looking at this board an hour and a half ago, there would have been at least some red on it. But it flipped to the upside. Microsoft and meta, two of the mega cap companies. That are reporting this week. Microsoft tomorrow, and meta on wednesday. A big piece of this turnaround for sure from a micro standpoint. For microsoft, one of the keys could be their outlook for azure, the Cloud Business that was disappointing. Plus color on a. I. , for meta, its all about whether or not they can maintain mid teens growth. That
Be near. Well give you the latest reporting on that potential deal between the studios and the writers. And the fed is Holding Rates Steady, signaling it will keep rates higher for longer. Deal of the day, cisco agreeing to acquire splunk. Both companies cite what they call complementary capabilities in a. I. And security. Splunks gary steele is going to be part of ciscos executive leadership team, reporting to chair and Ceo Chuck Robbins and both gentlemen are going to join us exclusively at 9 15 this morning in about 15 minutes, jim. I think this is terrific, and i will tell you why. What cisco tried to do for a long time is have a lot of recurring revenue, and splunk is nothing but recurring revenue. Cisco has tried to be a major factor in cybersecurity. We know its incredibly important. Splunk will give them the opportunity. They had a Smaller Division that does cybersecurity. Its not been that much of a winner, frankly. In the meantime, gary steele has taken the company, and david
In silicon valley. I will be joined by the chief officer. President obama unveiled a plan to bring the internet to america. I spoke with the chief technology officer. We are watching development out of grief. The parliament is debating a note on austerity measures that could unlock a new 95 million bailout of the eu. You are looking at live footage in athens. Greek police have been clashing with protesters. We will update you with any developments. We are learning more about netflix user growth after an explosive week for the company stock. The service hit 65. 6 million subscribers in the second quarter, thanks to original shows like orange is the new black and daredevil. They have reached 23 million subscribers in the new subscriber growth. Shares are spiking and in afterhours trading. Joining me now to break down the numbers, media tech managing partner who has 40 years of experience as an investment banker. Also, paul sweeney who covers netflix for bloomberg intelligence. What do yo
At 1,700 but coming up short, down 3 points at 1,692. 49. Just moments away now from earnings out of at t and apple, and we will get those numbers to you as soon as they come out. But first, lets get straight to todays Market Action with oliver percent from Gary Goldberg financial services, mike san tolly from Yahoo Finance and cnbc. Coms very own jeff cox. Mike, let me begin with you, and just get you to react to what the prior guest said. He said he sees a market thats feeling tired to him. Is that what you see . Yeah, i mean, if you look at how overbought the market is, it obviously looks like its teed up for a stall or correction activity. Honestly, its hard to be too bearish at a market when you see this onemonthout performance by the transports, small caps, financials, all the things youd like to see lead. I do think we have to be prepared to watch how the market absorbs the next pullback. Obviously, there will be one. Historically, at least this year, as soon as we got one of th
As with every new technology, manufacturers want to jump on the Metaverse train as soon as possible and the rush to compete may result in a lack of oversight.