Unreasonable. Ev price wars back on. Tesla cuts price on some models in china the American Consumer just continues to spend andnot just on the essentials. Latest figures from mastercard it is the latest on monday, august 14th, 2023 of t you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im dominic chu in for frank holland. Lets check on the futures it is on the Positive Side of things dow implied higher by 33 points. S p implied higher 8 nasdaq is 46 points of the dow riesing in the last fou of five weeks. The tech sector has been stumbling. Nasdaq with the pullback of 4. 5 the worst stretch for the index going back to december of last year checking on the bond market. Yields in focus. 4 level in key. We are there for the 2year treasury or rather the 10year treasury the 2year treasury is 4. 9 . A bit of a pullback on the longer end 30year treasury is 4. 26 . In energy, oil prices are still a little high. 80 for u. S. Benchmark wti down. 50 . Si
Hurricane irma is a category 4 sthoorm cou storm. The path is still you unseuncer puerto rico and florida are areas of interest. Here are the big corporate stories. United technologies buying Rockwell Collins for 23 billion. Under the deal, rockwell Share Holders will receive 140 per share in cash and stock. Thats an 18 premium to the Closing Price on august 3rd. The Companies Say the Aerospace Systems segment would be combined to create collins Aerospace Systems which would save 5 billion by the fourth year of completion greg hayes will join our colleagues on squawk on the street later this morning that happens at 9 30 a. M. Eastern time. Lego announced plans to lay off 8 of its work force lego reporting a 5 drop in revenue for the first half of the year the company said most of the 1400 job cut also happen s wille end of 2017. And Rovio Entertainment is planning an ipo. The mobile games studio will list shares in helsinki in a move looking to boost growth the Company Finally returned
Interview in around 15 minutes time. And, in new york, a man is in Police Custody after a terror attack killed eight people and injured about a dozen others. This was an act of terror. And a particularly cowardly act of terror aimed at innocent civilians, aimed at people going about their lives, with no idea what was about to hit them. Well bring you the story throughout the programme. Hello, welcome to the programme. Were live until iiam. Plenty to come from this audience throughout the programme. And wherever you are in the uk, you can get in touch too with your experience of Sexual Harassment at work, and how you think it can be dealt with. Do get in touch use the hashtag victoria live. And if you text, you will be charged at the Standard Network rate. You can message you can message me on you can message me on facebook and send an e mail as well. Our top story today. At least eight people have been killed and ii seriously hurt in new york city, in what officials have described as a
Good afternoon, and welcome to the Atlantic Council. For those of you who dont know me, im frank miller. Im a member of the board here at the council. And the principal of the group. Were all very pleased today to have the opportunity to hear from steven lovegrove, the permanent secretary at the ministry of defense in london. Steven became the permanent secretary in april of 2016. Prior to that he was the permanent secretary for the department of energy and Climate Change and had distinguished career before that both in government and in the private sector. For those of you who dont know, the permanent secretary is the governments principle adviser on defense and has responsibility for policy, finance and planning as a departmental accounting officer. The principle the permanent secretary set strategy for defense, including corporate strategy, heads the department of state in the m. O. D. Civil service and the Overall Organization management and staffing of defense. So for those of you
Reports its first decline in annual revenue and profit since 2001. The dow component said revenue fell for the third consecutive quarter, as iphone sales dropped from a year ago. But remember, despite the falloff in numbers, apple is still the most profitable american company. And it did issue a rosie outlook. For the latest quarter, apple earned 1. 67 a share, one cent better than estimates. Revenue fell 9 to more than 46 billion, just about in line with expectations. The stock popped, then dropped, in initial after hours trading. Josh lipton has more now on apples results. Reporter 45. 5 million, the big number in apples latest earnings reporting and first to iphone units in the companys fourth quarter. That was a drop of about 5 year over year, but it did beat analysts expectations of 44. 8 million. Question for investors is where this iphone franchise heads from here. Bears will say the best days are behind it. Like a lot of hardware you will see dropping average prices and margins