Thise talking about dispute between america and china over intellectual property theft, which means that the u. S. Gave very little notice to china when closing its consulate and that is analogous to this deteriorating relationship that seems to be deteriorating fast. Tom flareup absolutely captures the moment. Now with a news update our first word news from new york city. Discussing, china calls it an unprecedented escalation. The u. S. Has ordered the chinese consulate in houston to be state, according to the department it is to protect American Intellectual property and americas private information. Houston firefighters went to the consulate after reports documents were being burnt in outside containers. President trump reboots coronavirus briefings with a shift in tone and a warning. Theas more reserved than in past and encouraged americans to wear masks avoid risky behavior. The president promised that the virus will be defeated but said it will probably be worse before it gets be
Donald trump orders in and to hong kongs special status well signing legislation to sanction chinese officials. Beijing vows to take strong countermeasures. Earnings season continues. In the united states, Goldman Sachs reports after jp morgan, citigroup, and wells fargo set aside almost 28 billion for bad loans in the Second Quarter. Welcome to the program. Just under an hour away from the start of the cash equity trading day, lets have a look at futures. We do have a lot to talk about when it comes to the Banking Sector and the bad debt story in the u. S. All of that was quite dominant in yesterdays session, but we do have some catch up to play in the europe in europe. Plus, we work in the latest trial data from moderna over in the u. S. That particular vaccine getting some headlines. As a result of that, we see that lifting stocks in asia and futures in europe and the united states. Lets get to some breaking news. Some numbers coming through from burberry. Lets get to those in the f
The market while classic reopening plays like cruise lines, airlines, they are moving low. Net net we are flat as we stand on the s p 500 sara. Ahead on todays show, investing legend Jeremy Grantham, stunning rally we might be realizing emergence of a bubble. Plus well speak exclusively with Marilyn Booker, former head of Morgan Stanley suing the firm for race and gender discrimination lets focus on the stories were watching mike santoli with a look at broad market action. Steve liesman highlights from fed chair jay powell and covering coronavirus resurgence in beijing mike,ic can us off with a look at the session flat on the average butthat doesnt tell the story. The average holding the gains in the last three days, wavering around the flat line a lot but mostly due to the trillion dollar trio, amazon, apple, microsoft all outperforming. This is an oldfashioned early february day where the big megacap Growth Stocks holding index together as average stock slips a little bit this is the
Early today starts right now the Intelligence Briefings took good morning im phillip place perhaps once or twice a mena im frances rivera. Week i dont think hes fit for breaking news overnight. Nascar said it opened an office i dont think he has the investigation after a noose was confidence to carry out the job. Found in the garage of nascar theres no guiding principle i driver Bubba Wallace was able to discern other than it happened yesterday at whats good for Donald Trumps Talladega Superspeedway in reelection. Alabama. Wallace is nascars only reporter the white house said bolton has zero fulltime africanamerican credibility. That he was trying to push the driver derek brown is following the president in areas where he did not want to go latest for us from the newsroom. They are pushing back pretty hard on this book. Reporter details are on capitol hill democrats and breaking overnight and it was discovered sunday afternoon republicans are pressing why before the geico 500 in boll t
Where people cannot really go to showrooms . What is the bigger problem, selling the car as you want to make, or making the cars that you are used to making . Biggest challenge early on was getting back so that we could make vehicles. We had a lot of work to do to make sure we took all the necessary precautions, learned lessons from china, korea, from our work in making ventilators and masks, and putting that to practice to bring people back to build vehicles. I am proud of how will the team adapted to working from home, and our dealers who have been great partners, going mostly online for the sales process, and developing a clean delivery system. Everyone adapted fairly well. Lifelongu were a General Motors person, you grew up in michigan, your father worked at pontiac. Stanford Business School and then came back to General Motors, worked her way up. Havee last six years, you been the ceo of the company. You worked through the Great Recession, also through 9 11. Compare this situation