Good morning it is 8 00 a. M. At tesla headquarters in palo alto, california it its 11 00 a. M. On wall street squawk alley is live good Tuesday Morning im jon fortt with Carl Quintanilla back again it is a busy day on wall street with the dow hitting an all time high making another run at 30 k. That comes as president elect joe biden is reporting tapping former fed chair janet yellen to run the treasury department. Tesla is continuing the record run now topping half a trillion dollars in market cap. Making elon musk the worlds second richest person on paper and apple making another concession, carl on App Store Fees a lot going on yeah. We talked about that early moving being the small crack that starts to widen as for tesla, i mean, whether its some of the reports about a hatch back in europe or longer range vehicles or just enthusiasm over the ev space as we gheet into a Biden Administration on top of the gm news yesterday, jon. So there is a lot happening in the ev space and then m
Introduced by the u. N. Secretary general has called for a unified response to the pandemic but he also hit else at wealthier countries for not doing enough to help developing nations for the 1st time since 145 entire world is confronted by a common student regardless of nationality at the city or face the world Us Organization provides factual information and scientific guidance that should have been the basis for a court of the in a few Global Response unfortunately many of these recommendations were not followed and in some situations there was a rejection effects. And ignore those of the united nations. And when companies go in their own direction divides girls in every action if European Security forces have reportedly blocked refugees from leaving the country more than 45000 people have already fled the conflict in the north and to great region that sudanese troops have told the Associated Press news agency that Ethiopian Forces stopped refugees from crossing the border early on
Walter isaacson will be with us. First were going to john harper. More companies are following in line, criticism from president elect trump. Our john harwood is in washington dc with more on that. In the age of trump, companies have learned very quickly if they want to get on the good side of a new president , they should tout those efforts and make them conspicuous and public. Very substantial investments. Now the Companies Say the investments were already planned. Trump was on twitter today saying the jobs announcements are making the case that even before taking office, he is doing what he calls big stuff for the company. He is hoping to build momentum. He could not avoid picking a moe money temperatu more money. House republicans want a border adjusted dax system for the Business Community that would tax imports but not tax exports. Donald trump says it is too complicated. He has a punitive tax on companies that take jobs overseas, and well have to see what the wrestling match is
Airline outperforms rivals proposing a special dividend for shareholders. And european car sales continue to reboind. Renault and toyota leading the way. Daimler gains ground on its luxury peers. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Okay. A warm welcome to todays Worldwide Exchange. Were an hour into the session here in europe. You can see stocks in the red, 9 to 1 decliners outpacing advancers just about on the Dow Jones Stoxx 600. We are at the lows of the session, albeit only 60 minutes in. Speaking at the reuterss Global Investment summit, carl icahn says valuations are rich. Later on on his website, carl icahn elaborated saying while hes concerned about market levels, its almost impossible to predict whats going to happen in the shortterm. So he says at times like this, he hedges his investment to some extent and icahn says picking up shortterm moves is market is predicting how many sevens the hot dice player will continue
Corporate america helped them. The moment we will have a report on big pharmas role in what happened. Its an amazing story. And then there was the question of the votes themselves, the actual ballots. Democrats completely changed the way we voted in this election. Our system has never been more disorganized and its never been more vulnerable to manipulation, so was their voter fraud last week . Thats a question weve been working on since election night. We tried to be careful and precise as we report this out. In moments like this, truth really matters more than ever. False allegations of fraud can cause as much damage as the fraud itself. Just a small it hurt more people with his lies than any actual hate crime and the last America Needs right now is more damage. So we want to be accurate. If what we are about to tell you is accurate. It happened and we can prove it. Other news organizations could prove it too. They simply chose not to. The position of Corporate Media across the count