One progress review should happen soon. More signs offers china strengthening rebound. Sales jumped by one third last quarter to 22 billion. The company insists it is no threat to u. S. National security. Lets take a look at how we are shaping up on this final friday session of the day. Lets get over to sophie he was taking a closer look. What are we watching . Vibes coming through with futures largely higher. We could see some weakness in korea following the drop that we saw for the kospi. On the docket today were looking at cpi from japan. Nikkei futures move slightly higher this morning, while the yen is trading below the 106 handle. Pulling up the chart on the terminal, we are watching to see if tech will bounce back in the region after thursdays selloff which saw the kospi with a big loss and the worst day for the regional tech index since march. Samsung took a hit on the south outlook for to prices. Prices. Outlook on chip potential hits on huawei and delayed 5g. That could hurt
Good morning welcome to squawk box. Im becky quick with Andrew Ross Sorkin and joe kernen. Welcome back both of you some big moves we are looking at today. Lets look where things stand with the markets dow futures are off by 34. The big news is happening with technology stocks. Down 343 points. Thats big you are talking 3 of the market or 3 decline for the index. Thats a big deal when you look at what happened last week on thursday, nasdaq was off 5 on friday, another one and a quarter percent. You are taurking 6 and a quarter decline. Because of what is happening with the biggest stocks in that. Tesla indicated down 11 in the premarket Asml Holdings down nvidia down advanced microoff off 4 . Those that have boosted that weve seen selling off today you are still looking with these declines at a market at higher levels weve run up quickly and we are seeing it now joe. Watching it head higher watching it ever day, we are like this tech stuff is insane benefitting from what we are all liv
Timeline for a meeting. Hasident trump warning he he is looking other Companies Including alibaba. Proving theto be adage, first in, first out. It could be the only major nation to grow this year. New zealand reports more infections, weakening its reputation as a covid19 beater. The Prime Minister is preparing to speak. She may delay the election. Shery lets get a quick check of markets. U. S. Futures rising at the open. We are seeing futures up to tencent 1 . This after u. S. Stocks ended the session mixed. Fluctuating throughout the session for much of the day. Just to fall slightly negative territory with utilities and health care. Recover any the u. S. Has slowed. We also have stimulus talks remaining at a stalemate. The nasdaq fell to 10 sub 1 while the dow was fell 2 10 of 1 . Signs of been some Energy Demand recovery in the u. S. That is gaining tracking gaining traction. Crude gaining a quarter of half a half of 1 . Same for brent crude, which is nearing 45 a barrel. We had ame
Are, bernie. They are not with you. Amy two out of seven. That is the number of Democratic Candidates at last nights debate who are billionaires with Michael Bloomberg and at either end of the stage, frontrunner Bernie Sanders was at the center facing a barrage of criticism. Your hearing it tonight, the ideas im talking about are radical. They are not. In one form or another, they exist in countries all over the world. Amy we will speak with anand winnersdas, author of take all. Just wrote the billionaire election does the world belong to them or to us . We will also then go to columbia and charleston, South Carolina, for reaction. And we will look at billionaire Michael Bloomberg facing calls to release his tax records. I got into this race only 10 or 12 weeks ago. We have been working on our tax returns. We probably have another couple of weeks to go. We have complied with every single requirement for disclosure. And when i was mayor in new york, we had tax returns out 12 years in a
Years has been chaotic, imagine spending the better part of 2020 with Bernie Sanders versus donald trump. We should Pay Attention to where the voters of this country are, bernie. They are not with you. Amy two out of seven. That is the number of Democratic Candidates at last nights debate who are billionaires with Michael Bloomberg and at either end of the stage, frontrunner Bernie Sanders was at the center facing a barrage of criticism. Your hearing it tonight, the ideas im talking about are radical. They are not. In one form or another, they exist in countries all over the world. Amy we will speak with anand winnersdas, author of take all. Just wrote the billionaire election does the world belong to them or to us . We will also then go to columbia and charleston, South Carolina, for reaction. And we will look at billionaire Michael Bloomberg facing calls to release his tax records. I got into this race only 10 or 12 weeks ago. We have been working on our tax returns. We probably have