with tesla seeing a sharp pullback following a massive year-to-date run sara eisen is with us at nike headquarters in new york for a big interview. good afternoon, morgan. i am here because nike has just unveiled its new olympic uniforms it s all about sustainability. they re made out of crushed up shoe parts and recycled polyester. you can see some of them behind me i ll show you a lot more and i ll speak with the brand new ceo. it s a cnbc exclusive and his first time talking for this big innovation event nike is hosting here in new york that s coming up later on closing bell. i notice mark gilbert, your producers have been tweeting out some of the other things they ve released, including the sweat pants they would wear if team usa wins any medals. right so there s uniforms for on the field or on the courts and then ones for the medal stands as well and we will try to bring you some pictures so that you can go beyond twitter and see them as well but the theme here i
Well talk about that coming up. Speaking of taxes, coca cola ceo tells cnbc what he would do with a Corporate Tax cut well have all of those details coming up. Then theres best buy, its sitting out the rally today. Down pretty sharply. In fact, its off the lows right now. Less than 4 decline is the iphone to blame, iphone x to blame we have a debate on best buy coming up here. We begin, though, with the breaking news. Stocks hitting session highs as the house passes the tax bill. Ylan mui, our intrepid reporter on capitol hill has the latest for us right now ylan reporter bill, that final tally is 227205, that is a comfortable margin of victory for republicans. They said they were going to get this done by thanksgiving. No one really believed them. They were able to pull it off. Republican leadership held a press conference to celebrate. From the very start, we said that failure is not an option and the president and his team have worked so constructively every step of the way with us.
Has made it at the top of my board. 10,000. Jonathan im not an idiot and i am not trying to call the top. Alix it will be a topic of conversation. David there are some things going on inside the business emma chandra is here with first word news. Emma it is the Biggest Online shopping day of the year in the u. S. Ecommerce is expected to rise almost 17 from the year ago to 6. 6 billion. Online spending across the Holiday Season is projected to rise 11 , the most ever. Germany is edging closer to getting a new government. Chancellor Angela Merkel has began negotiating with the social democrats over a potential partnership. She says any Coalition Partner would have to support a balanced budget and probusiness policies. And there will be Royal Wedding bells in the u. K. Next spring. Prince harry is engaged to american actress meghan markle. The announcement came when his father, prince charles, puts him fifth in line for the british throne. Global news, 24 hours a day, powered by over 270
The russia 10year drops after they eased more than people expected and said there could be lower rates, more than people thought asked year. Of we are looking at the home, stock index, that is down 1. 5 . Volatility is the highest in the year. Of this stems from the idea that global banks are going to enter into a tightening cycle. The u. K. 10year is dropping by two basis points. The bank of england is probably not going to raise rates anytime soon, growth is not jumping off in any major way. The brexit negotiations are ongoing and complicated and possibly getting more complicated, if possible. Alix it was steady as she goes, not doing anything to ruffle feathers. Supportive of markets, if anything were to disrupt them, that could equal to a negative yield index. Alix lets talk about what its making headlines. This is emma chandra. Emma brexit talks can enter phase two here and they agreed that the british Prime Minister has complied with their divorce conditions. Now they will discus
Bloomberg scoop. It shelving his plans to study cryptocurrency has fund hend fund. Erik schatzker broke the news. What do we know with this . Erik as you may recall, Mike Novogratz talked about or had plans to start a 500 million Cryptocurrency Hedge Fund biggest regulatory constraints he cannot talk to us, that he talked about his enthusiasm for cryptocurrencies at assets. Stores of value, and tokens that have the potential to change the way that companies did business. He Still Believes in that. Bitcoin wasthe Time Training at about 4000. Or was it just last week . More than 19,000. Mike novogratz is a career micro trader macro trader. He warned this would be the biggest bubble of our lifetimes. He is the guy. Knowing what it would take the function as a fiduciary. Eitherprospect of buying an bitcoin at the same time as having to risk manages own personal account and maybe sell those very same cryptocurrencies at the same time, he could not stomach it. The schizophrenic side was too