Services committee and how the markets may react. Then we will talk a bit about this try yant stake in our Parent Company comcast, what is the behind the thinking at triant and what if anything may owe dur as a result. Teslas battery day, where that stock is trying to recover this morning after yet another tweet from elon musk which is part of the discussion today, jim. Whether or not hes setting expectations in a different way saying that some of this high volume production is a phenomenon still a couple years away. Hes giving us an underpromise, overdeliver, i think, which is highly unlike him, but it could make more a little more pizzazz. Theres been so much talk about battery day, maybe he lowers expectations an blow them out. People come out and want to buy tesla, want to buy amazon, positive notes about apple, positive note about facebook its just become the pattern youre waiting and waiting for when the selling is over and then, david, they cannot resist. Theyre down 15 and 17 p
Wechat on sunday. Back to the race for a treatment for covid and a cure, at least a vaccine roche unveils a new Antibody Test and Vice President calls on trump to step down and tech volatility, the s p and the nasdaq aiming for a rebound to end what has been a turbulent week for stocks. So we will start with tiktok and wechat, jim, just listening to you and andrew a moment ago doesnt sound like you see a whole lot of material to salvage this in the next 48 hours. I think that walmart feels like its given everything it can, i think that the people in the private equity have given everything, oracle, difficult to tell whether they think they can do more, but they had really felt that when pretrump it was looking like it was 43 owned by u. S. , 14 by international, chinese own 45 posttrump they are talking about u. S. Owns 53, international owns 11, chinese own 36 i think its the chinese owning 36 is the Sticking Point david, what level do you think the president would allow this deal or
Nasdaq up 151 points and looking to open about 31 points higher it has been a wild ride for investors all week the dow and s p are down over 2 the last three trading sessions the s p on pace for its worst twoweek performance the nasdaq has been a big mover. A lot to chew on after a tough week true, andrew. Tough in that it had been up so much we sort of glossed over september 11 19 years when you say it, dont you say, oh, my god, september 11 for you, it is about half your life for me, about a third of my life it went really quickly 19 years i remember so well mark hanes and Everything Else that happened. Year after year, constantly on september 11, it is amazing how quickly time goes. Since last year, weve seen our share of tragedy as well up until this pandemic, well see how history looks at all of this i would argue that 9 11 was the most consequential thing that happened in the past 50 years, maybe 100 years with security and how we live. You can define the world in many ways by th
Then nikolas partnership with gm. Why both stocks are set to surge despite of course the broader selloff. And finally, this tesla snub. The s ps decision to leave tesla out of its benchmark having a huge impact on the stock. Not the only reason, of course well explain why later on this hour jim, thank goodness youre back, man. It was good to get your take from home at least on friday amid this madness. Well, ill tell you, what i saw last week and i see today is this parabolic move. Look, fridays close, i thought it was what we would call phony. I mean the big rally please i didnt think there was anything to it other than Short Covering i think well revisit the lows that we saw friday and then we have to rethink, because the selling, frankly, is too hard this morning that doesnt mean that i dont think ultimately the people who dont know what they own shouldnt sell, im saying this is just trying to find price discovery, where we were friday, and then we able to figure out what to do davi
Live this hour. Plus records watch, the plus ive got it, carl the dow aiming to erase 2020 losses and the s p heading for the best august since 1986, kelly. Wow and cocacolas restructuring strategies amid plans to streamline the drink portfolio they are setting voluntary job cuts for thousands of its workers. David, it is friday, and kelly, friday and you just sort of think back to what this week has brought us, guys alltime highs, obviously news in sports in the nba, hurricane laura, the rnc and we will hear from what the president said last night tiktok, microsoft, walmart, oracle, you name it, david, but large discussion this morning about how the thing thats going to probably stick with us for the weeks and quarters to come is going to be that historic powell speech and we will have to decide whether this long end is bringing us noise or something more yeah, i mean, im glad kelly is here because im sure she was home studying every word after it took place, as you know, not my area