Stay updated with breaking news from Cantor fitzgerald. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
welcome to squawk on the street. we wake up another tweeter bomb. a big week with a fed decision. the fed near 20k. europe is mixed. 10-year 2 1/2. oil up on the nonopec oil production. the road map with the negotiation of the president-elect and an american company. donald trump calling out the cost of the f-35. defense stocks are dropping in the premarket. timing, another company trump has in the cites, boeing, a deal for 80 jets. the buyer iran. and the market s making new records. oil prizes, as well ahead of the fed meeting which, of course, is wednesday. david with breaking news. we do. on a potential deal that will not happen. and that is involving viacom and cbs. right now, the national amusements, shareholder of both companies, led by sherri redstone and wanted to them to engage in talks designed to see whether they could come to a combination has withdrawal that proposal of viacom and cbs engage in the discussions. reversing course in a sense and bac ....
pullback, but it feels like a mixed market because the dow has been flirting with gains, and right now it is a four point. it is not all red for the major averages, though the dow has trended lower for parts of the day. a sideways move here. we have volume lower as well. why is the dow doing better less like the big movers. mcdonald s is rising after mcdonald s japan started selling poking and toys. johnson & johnson is out with earnings that beat estimates, and the company raised its forecast for four-year earnings as well. trading higher making predictions about demand in india. those shares are gaining. this gain in the dow notwithstanding, the s&p 500 and the nasdaq are not holding up well. let s look at the movers there. netflix has been trading lower all session long after subscriber targets missed estimates. microsoft reports after the bell. it has been lower all day in advance of that. phillip morris coming out with numbers that missed estimates as well, being ....
from taking center stage in jackson hole, and investors will be hanging on every single word she says. cnbc s senior economics reporter steve liesman is on the ground with what is sure to be a very big day for the fed and for the market. steve? reporter: yeah. melissa, good to put it in context. for the past several years the fed meeting in jackson hole has taken place amidst a crisis, the financial crisis and the fear that the european union would break up. labor slack is coming out of the labor market. we re making frustratingly slow progress and the some progress on inflation, and i think that gdp growth in the second half of the year will be stronger because the consumer is strong, and even the second quarter gdp number was disappointing, because of a inventory number and final demand was strong and i think the case is strengthening. i m not going to speculate on which meeting. reporter: so there s still plenty that the fed is worried b.u.s. and global growth. ....
billion here in stimulus. pedal to the metal. jolte u.s., we have the job openings coming out at 10:00 and consumer credit at 3:00. those are secondary reads on what is happening. yum! brands, the owner of talk about the pizza hut don t they do a lot of china? you wonder, can they get to the restaurant given a protest in hong kong? two thirds of yum! brands sales occur outside the u.s., much of which is kentucky fried chicken in china. they open a kentucky fried one every day in china. it is an amazing amount of chicken. at how much we talk about chicken in china. that is because of the burj khalifa. samsung earnings cannot on lower, down 66% galaxy smartphone sales. this is the head of the iphone 6. treasury secretary le speaking 8:45. economyw about president obama in new york for a fundraiser, stay out of midtown midafternoon. don t go shopping at where do you go, bergdorf s? what makes you think i have time to go shopping? because we re a very early. ....
how long will it last? and the trouble with twitter. the u.s. central command s twitter account, as you probably know hacked. it s not the first example. at what point does it make no sense for companies to have twitter? which ones should stay on it? we ll talk about that and more, but, first, let s check in with sue at the new york stock exchange. hi, sioux. hi tye. stocks are surging as we kick off the earnings season. the dow up triple digits about 145 points on the trading session. make that 147. we were up more than 280 points earlier on this morning. a lot of volatility in oil, and that s one of the factors in this market today. many others as well and bob pasani joins me on the floor of the nyse to give me some details. we were up more than 200 points and once again, chevron and exxon came in and was a drag on the overall markets, but we re still holding up pretty well, and tech is having a great day, including down stallworths. cisco having a great day as we ....