Its spinning off one of the most highly sought after assets. A possible move that could help the Company Steer clear of investor scrutiny and astrazenecas trial is back on track. Youre watching Worldwide Exchange right here on cnbc. Good monday morning. Heres how stock futures are looking on this monday morning you can see a solid amount of green on the screen. The s p higher by 32 and the nasdaq by 127. The key index to be watching over the last several months now this after the s p posted its worst week since late june and coming off the first two week losing streak since may but the focus remains on technology. Closing down more than 4 since the worst performance since the weekending march 20th and the first two week losing streak since july the nasdaq is now down more than 10 from the most recent 52 week high it was also a record by the way. A number of key events in the week ahead for the markets and your money they include a very big day tomorrow and a few fomc a new fomc meeting kicks off and apple hosts its latest product unveil event with new ipads and watches most likely and tomorrow is the president s set deadline for tiktok to make a deal. A number of data releases including retail sales and Housing Starts and the earnings continue to trickle in with lennar, fedex and adobe as well. Asia is coming off a mostly higher session the action Getting Started in europe as well and karen is standing by in london with the news karen. Good morning despite the reversal that we saw in the u. S. Tech stocks. European markets were still bouncing and that market was a stand out one in europe. We are seeing that in recent months and weeks it gained 2. 8 ahead of that 2. 5 so we clearly out performed but not quite keeping pace with the ftse this is unusual. The u. K. Stock market has not been the leading market in europe but last week we saw it climb back above 6,000 points. This morning its very much on the flat line but it did coincide with news around brexit that perhaps negotiations are not going as well with the European Partners ahead of key deadlines that perhaps the agreement could be overridden and thats one of the clear catalysts. Back to you back here on the home front nearly a dozen u. S. States are seeing a new surge in coronavirus cases including alaska, delaware, maine, new hampshire, rhode island, and new jersey cases growing by 5 or more on a weekly average this coming as the National Institute of allergy and Infectious DiseasesAnthony Fauci calls the recent trends disturbing bertha is here with that and more good morning. Good morning, rising numbers are certainly raising the already high stakes for a vaccine. Pfizer proposing expanding their phase 3 Coronavirus Vaccine trials to about 44,000 participants to help increase the diversity of the trial population and when asked if he expects to have a population ready by the end of the year he said quote its a likely scenario and were preparing for it we started already manufacturing and already manufactured hundreds of thousands so just in case we have a good conclusive read out we will be ready. Pfizer ceo will be on with meg today on squawk on the street. Meantime, Japanese Investment giant softbank will sell its chip unit to nvidia for 40 billion in cash and stock. Softbank acquired them in 2016 for 31. 4 billion in one of its largest acquisitions ever. Its best known as a designer of computer chip architecture used in android and apple phones. Theyre also planning to ship to a design the news comes as softbank is reportedly holding talks about taking itself rivate a huge saga developing well see you later on back to the markets, futures are indicating a higher open as a series of deals are raising hopes that battered stocks may recover as the nasdaq comes off the worst week since march the major averages closing up modestly but ended the week sharply lower. The dow shedding 1. 7 . The s p off by 2. 5 and the nasdaq dropping by 4 in a week. Joining me now the chief strategy at principle global investors. I guess the simple question is were you surprised and how big of a deal is this but lets not read too much into this. And so we should anticipate to have this kind of volatility moves or concerns for the foreseeable future. Whats the most important volatility driver in your mind is it whats happening here with the u. S. Markets and technology . Is it the election in the u. S. Coming up . What is the biggest blip on the radar . You listen to quite a few there are a lot of events on the horizon that could be a concern. For us in the immediate term, concerns around the u. S. Election is probably going to be the one that creates the most volatility its actually been the fed so as long as thats in place we should see things smoothing back down again a couple of months after the election passes. The fed has been a factor in these discussions about the markets rallying for quite sometime now theyre still there. Theyre still in place right now. Why exactly given the fed and Central Bank Intervention all around the world do we still see the markets as volatiles that we have seen over the past week in the u. S. Thats a good point one of the things is with the tech rally that has been the key sector performing very well theres been a lot of skepticism about whether it can be maintained we should have anticipated some to be blown up from that market but i think that we should actually have a fundamental growth continuing. This is not the end of the run it just had a bit of a hiccup. So if it is, then, in fact. Not the end of it, should investors be seeking opportunity buying dips in the same high flying momentum tech stocks or are there other places in the market that represent better opportunity rather than some of those richy valued Technology Shares you know, thats a really good question and its something that our clienlts are asking us all the time at the moment i dont think this is the opportunity to buy technology. Youre going to see them try to do better. As they return to normal behavior you should see some of the sectors that should be the ones and we just have to be aware but its important to maintain some kind of exposure to technology are the best opportunities that youre seeing inside of the u. S. Or outside of the u. S its probably the favorite region for us. We see that as recovery continues it should play well. They also have very big tech sector as well thank you. Always great to get your thoughts when we come back on the show, microsoft rejected Details Behind tiktoks plan to reportedly sell some of its assets to another major tech giant in the u. S one that happens to be lead by a President Trump mega donor plus crisis in california as wildfires continue to spread north into oregon with millions of acres already destroyed we have a arrive report from the region coming up and later on, trouble in the gulf again as Oil Companies and the region at large brace for another Tropical Storm that could be could be a hurricane by weeks end. A very busy hour still ahead when Worldwide Exchange returns after this bre i keep working my way back to you, babe with a burning love inside yeah im working my way back to you, babe and the happiness that died i let it get away servicenow. The smarter way to workflow. The big events are back. Xfinity is your home for the return of live sports. The chinese owner of the video shaping app rejects a rival offer from microsoft bertha has the latest on what we know and perhaps what we dont know dom, oracle is set to be announced as tiktoks trusted tech partner in the u. S. Its unclear which parts of tiktoks technology will being taken over by oracle which hasnt commented and microsoft had been considered the front runner to buy tiktoks u. S. Business until this weekend it was notified the offer had been rejected. Walmart teamed up with microsoft on its bid in a Statement Last yesterday walmart said its considering joining oracles group. However there are still several hurdles to clear theyll need approval from the committee on Foreign Investment in the u. S. Which oversees foreign transactions for potential security issues. You know, i have to think that this is the most important business story for anybody under 50. Its not just that, bertha. Were trying to figure out whether there could be precedent or any other kind of deal between the u. S. And china with regard to any business out there. But theres also reports out that the deal is a quote, unquote partnership. You mentioned that word a couple of times versus a sale of tiktoks u. S. Business sources are telling reuters that byte dance abandoned the process and decided to pursue this partnership. Instead, in hopes of avoiding that u. S. Ban while also appeasing the Chinese Government but its not clear that either side is going to be happy with this. It just doesnt seem like the whole idea is that the u. S. Owned those particular operations but i dont know at this point it seems odd thank you for the latest still on deck for the show, a live report from california as President Trump prepares to tour the wildfire damage in that state and points north like in oregon plus back on track for oxford and astrazeneca after covid19 vaccine trial pause. Todays big number, 5 million. Thats how many videos are posted to tiktok every hour according to the company the average american user spends 402 seconds on the app every time they open it. Historic wildfires are scorching millions of acres across california, oregon and Washington State 35 people are dead and dozens more are missing jennifer reports live from california about 90 miles north of sacramento. The states capital. Jennifer, what can you tell us dominic, the president will be 90 miles south from us in sacramento when he makes his visit this morning had he is expected to meet with local and federal fire and emergency officials and be briefed and also speak with some of the National Guards members there. Hes at the base for cal fire operations in sacramento and then hell just be here for a couple of hours but on the way in and on the way out hell be able to see fires burning all around evacuees in the fire ravaged western states have a harder time making it to safety the longer they wait. I was just paralyzed. I didnt realize it was happening. There were electrical wires down there might be damaged structures out there and things that could be hazardous to the general public. Fires in oregon already have consumed more than 800,000 acres and forced a half Million People out of their homes one of them, 11yearold dominic. Well, i was feeling sad and scared at the moment because i knew that we were going to probably most likely lose our home and with little time to prepare to go they lost everything they owned as well. 600,000 acres burned in Washington State and in the south 3. 3 million acres and counting in california its an area larger than the state of connecticut burned. Behind the fire lines, crews are working with lists of missing people and looking for remains in burned out communities and along escape routes and sometimes finding the unexpected like this puppy in a burned out house whose name is now trooper. And today could be crucial we had a break for cooler, breezy weather and expecting the return of the critical fire conditions later on today. The images we have seen have been stunning with regard to the development of this fire across california, oregon and Washington State what exactly are we expecting when President Trump visits later on today what will he be looking at and what are the concerns he would need to address with the fire personnel and the residents in that area . The concern is for those people to just get out they had so many evacuation warnings over the years and fire tends to burn in a certain way that people are used to but the fire weather this season has been very unpredictable and in odd places with those lightning strikes that we have seen in the last few weeks so thats the major concern with the shifting winds. When the president flies in, i think hell get a good grasp of how broad an area these fires are consuming. And when he lands hell speak with the National Guard members that did daring rescues of hikers stranded and trapped and surrounded by flames with no other way out except for via chopper. All right jennifer is live in california stay safe out there. Thank you for the update well, straight ahead on the show, big tech trying to bounce back from a dismal week but some investors remain bearish on the sector and a few names in particular the stocks to watch when Worldwide Exchange returns after this break so youre a small business, or a big one. You were thriving, flourishing, but then. Oh. Ah. Okay. Time to think, plan, pivot. How do you bounce back . You dont, you bounce forward, with powerful connectivity. Serious and reliable internet that lets you go bigger and better, with more sharing, more making. Whoa. More that. More talking. The entire time, you got this okay, less talking and more doing. All driven by the largest gig Speed Network in america. And even if the power goes down, your connection doesnt. But what if no ones in the office . Bring the office to them. But is it secure . Sure its secure. Okay, sounds great. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Stocks looking to bounce back following the big tech lead sell off in the markets first back to back weekly declines in months countdown to election day with 50 days to go. Investors are bracing for what is shaping up to be a volatile race for the white house and soft bank striking a 40 billion deal to unload holdings with a potential major indication for the semiconductor industry. Its monday, september 14th, youre watching Worldwide Exchange on cnbc welcome back to the show heres how stock futures are looking as we are halfway through the 5 00 a. M. Eastern time hour. As you can see, we have been losing some momentum but the dow is still implied higher by 250 points the s p higher and the all important nasdaq higher by an implied 131 points so something to watch there the key sectors and indices moving in the premarket. This all comes after last weeks market lead sell off by technology the nasdaq 100 falling more than 4. 5 last week alone some of the worst performers in the sectors with some of the highest Short Interests. Wall street favorite, tesla. At the top of the list it fell nearly 8 last week and is down more than 25 this month its Short Interest is about 7. 3 of its total share float. Lululemon also being hit hard. Down nearly 16 so far in september. Its Short Interest coming in at just under 3 . Semiconductor company, its stock also down about 16 while its Short Interest stands at just over 2 and fellow Semiconductor Maker advanced microdevices falling 14 this month. It has Short Interest of just under 4 during the period some of the stocks to watch, they could be volatile with the Short Interest at play now to the latest for a race in the covid19 vaccine as one company resumes its trials. Bertha has more on that and your other mornings top stories good morning. Good morning. Astrazeneca restarted in conjunction with Oxford University in the u. K. The company says it got confirmation from Health Officials there that it was safe to do so after halting the trials last week over safety concerns astrazeneca did not reveal too much information or details about the pause only indicating that a potentially unexplained illness was under investigation. Gilead sciences has reached a 21 billion deal to buy bio tech firm immunomedics. Under the agreement theyll acquire the company for 88 per share in cash. The deal will give gilead access to immunotreatment for Breast Cancer shares have nearly doubled this year to market value of about 10 billion before the deal was announced and residents along the northern gulf coast are bracing for another major storm. Tropical storm sally is expected to make landfall later tonight and into tomorrow morning, potentially as a category 2 hurricane. The storm is expected to produce a deadly storm surge and heavy rain in parts of louisiana, mississippi, and folks there definitely bracing its been a tough, tough sarbonseason for them already traders are expecting a roller coaster ride for stocks as we head toward that november date but what better place to track that than with the volatility index if you look at those futures which track stock market volatility for 20 we can see a spike here just around october the top line is what youre looking at so were seeing elevated levels of stock market volatility expected as we head toward the election subsequent futures ticking down in the months that follow the election now we see that trend is similar to past elections as well. We see a slight bump up expected but not to the degree we have seen in this current election cycle. Taking a look at the state of the race and fundraising we see joe biden with a distinctive advantage over President Trump campaign statements show the Biden Campaign and dnc raised more than 364 million last month compared to the president and the Republican National committees haul of 210 million as you can see behind me here. Roughly doubled to 65 million now for more on the st