Welcome to Worldwide Exchange on cnbc. Im sara eisen im mike santoli in for wilfred frost. And the rest of the week. Happy to have you. Until the end of the quarter. Especially with this market move yesterday a lot going on. So lets check on Global Markets. After we did see a selloff s p closed lower by 0. 8 , the worst day since midmay for stocks certainly the s p and the dow. Futures looking positive there the nasdaq still under pressure which is the concern for the overall market now those tech stocks weighing down. We have a quick early indication of the socalled f. A. N. G. Stocks which have been driving the markets. Facebook, amazon, netflix and google or alphabet alphabet is the only one higher in the premarket otherwise seeing some declines for amazon, netflix, facebook. The winners yesterday got crushed. The broadcoms of the world down 3 a lot of Semiconductor Stocks alphabet was one of the f. A. N. G. That was down the most because of the negative news out of the eu in genera
Dax is off by a half percentage point. The cac is off by 0. 4 the ftse relatively flat but still down finally look at crude oil prices crude was up by 2 yesterday in the market trading, but it dropped significantly after hours after there was a big increase in api crude inventories. That came as a surprise. This morning things are down by 13 cents heres some of the other big stories. Jury selection in the trial of Martin Shkreli will enter its third day today. Its not going well. Some potential jurors said they could not be fair to a man who gamed ed gained fame on raising drug prices over 5,000 . Shkreli himself has complicated matters by seeking public attention on his twitter account since charges were filed lashing out at critics and boasting of his wealth he even launched a Charity Auction for people who wanted to punch him in the face. He was banned from twitter in january for harassing a journalist shkrelis own lawyer said unfortunately the twitter history is horrific. This is a
American rival michael kors. European stocks up 40 points. Cheryl grupo, reporting strong absent after that the last name. We will tell you about it. Lauren samsung might be best known for telephones and television but could he get in the u. S. Pharmaceutical business. Train 25 01 a. M. In new york. Tuesday, july 25th. Good morning. And cheryl casone. Lauren good morning. Good to see you. Here we are. Bring a shadow appeared trying to a lot of breaking news overnight, over the weekend. Lauren john mccain returning to washington as Senate Republicans plan to hold a procedural vote to open debate on health care bill. This comes days after the arizona senator was diagnosed with rain cancer. His Office Released a Statement Last night. Senator mccain looks forward to returning to the u. S. Senate tomorrow to continue working on important legislation including health care reform, National Defense authorization act for new sanctions on russia, iran and north korea appeared cheryl a lot happen
Dozens of homeowners near pipe lon construction in Chester County that complained about well contamination due to the drilling, and showed us water coming into their homes but was clearly discolored. Then in april we reported on three natural gas leaks from sunocos mariner east one pipeline, smaller one that runs parallel to the construction of the mariner east two and latest leak we reported on spewed hundreds of gallons of methane and propane into the ground in berks county. These were just some of the incidents environmentalist pointed to when they convinced the judge today to halt, acd drilling on sunocos pipeline statewide. Sunocos favorite line is that this is coming, no matter what you do bit. That is never going to be the case. It has always been the case when people stand up, to to protect themselves and protect their families, things need to get done get done. Reporter now, they halted construction on sunocos pipeline statewide is only temporary until a hearing on august 7th.
Dozens of homeowners near pipe lon construction in Chester County that complained about well contamination due to the drilling, and showed us water coming into their homes but was clearly discolored. Then in april we reported on three natural gas leaks from sunocos mariner east one pipeline, smaller one that runs parallel to the construction of the mariner east two and latest leak we reported on spewed hundreds of gallons of methane and propane into the ground in berks county. These were just some of the incidents environmentalist pointed to when they convinced the judge today to halt, acd drilling on sunocos pipeline statewide. Sunocos favorite line is that this is coming, no matter what you do bit. That is never going to be the case. It has always been the case when people stand up, to to protect themselves and protect their families, things need to get done get done. Reporter now, they halted construction on sunocos pipeline statewide is only temporary until a hearing on august 7th.