Big tech which could mean tariffs on french goods and services. And the u. S. Has just weeks to the task is proven near impossible. Impossible. Ear shery equity markets near record highs with the s p 500 at one point top and 3000 for the first time ever. Industrialsnd weighing on the index. The focus was entirely on chairman powells testimony in congress which suggested a july rate cut was on the table. Not to mention we got the minutes from the june meeting. That also showed a dovish turn. Followed that was factored into the markets in this session. Of course we are not done yet. Chair powell testifying again in Congress Tomorrow at the Senate Banking committee this time on thursday. And we also have the ecb minutes out not to mention u. S. Inflation numbers. For the time being, asia futures s p Futures Holding study. Lets get a check of how markets in asia are shaping up. Sophie this thursday asian stocks are eyeing modest gains after a move higher for u. S. Stocks. Broadly Holding G
In terms of gains. Can tech keep up its recent hot streak joining us now to discuss is jeffries Senior Analyst brent thil and tom forte gentlemen, good morning to you both tom, ill start with you the fact that were seeing names like apple, the semis rally on this u. S. china trade truce over the weekend and what it means for some of these companies to be selling into china, how should investors be thinking about that sure, i would say the truce is nice, but we would like to see is an actual resolution. So one point in time, resolution looked like china agreeing to buy billions of dollars of Agricultural Products from the u. S. So, again, the truce is nice, but we would like to see an actual outcome, and something were monitoring closely, because we would argue it had the biggest impact on tech stocks in the first half of this year brent, what it means for alphabet, as well. I mean, i know they had put a hold earlier when huawei got added to the intent tis list here in the u. S. Is ther
Bidens took in at least 20 million from countries such as russia and kazhakstan. The day after a businessman sent hunter 142,000, hunter bought a porsche for the same price. The records tracked a Russian Oligarch of a payment to a devon archer and hunter biden Shell Company, President Biden had dinner with the Russian Oligarch in 2014 and 2015. We should connect the dots that when russia invaded ukraine and joe biden decided to put sanctions on oligarchs in russia because of that he did not include alaina batarina, an also oligarch, the widow of the mayor of moscow. She got spared from the sanctions. Absolutely. There is a grand irony where if szelenskyy listened to donald trump when he asked or suggested that zelenskyy investigate hunter biden, there is a real chance that russia never actually invades ukraine because joe biden doesnt win election and if trump had a second term no way russia goes through with it. Right . Biden has always been shady on the ukraine issue, going back to t
Warren buffett and Berkshire Hathaway in a big way. And later in the show, a live stream update on the musk and zuckerberg cage match. It is monday, august 7th you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. Lets get you ready for the day. We kick it off with the u. S. Stock futures. Green across the board nasdaq doing the best up. 30 . At this hour, the dow would open up 70 points higher. This is after the poor showing last week with the s p and nasdaq coming off four Straight Days of losses and the worst week since march 10th. You see the nasdaq down 3 s p almost by 2. 5 it was rough for the tech sector the sector coming off three Straight Days of losses. The sharp decline down 1. 5 . Excuse me. 4. 25 . The fitch downgrade is playing a factor it was dragged down by apple which had its worst week since 2023 we had a very busy week for fixed income and new longterm issuance yields here with the 10year treasury at 4. 09 yiel
Right now at 11 00, heavy rain here and heavy snow there tonight, winter storm is bearing down on the bay area and the sierra. Storm ranger is tracking the system as it moves across the region. Look at that, the storm prompting a blizzard warning in this year, heavy snow, strong winds are creating near whiteout conditions, forcing chp to issue a stern warning to drivers. If you do not have to travel, do not. It is not that important. Here in the bay area it means more rain and chilly temperatures. You can see right now the roads are slick out there tonight. And this is all just the first round. That is right, the rain, wind, and snow will be sticking around into the weekend. Lets get ahead and get right over the chief meteorologist jeff ranieri who is tracking all of this for us. The storm system is hitting the sierra with the strongest impact because it is dropping down from the north so it is pulling all that polar air, wrapping it around the storm system and moving it into californi