With President Biden which unlike a summit with bush 43 did not have any spontaneous Shoulder Rubs. All that and more on this friday, july 16th. That Bush Merkel Shoulder rub never gets old. A little Shoulder Rub diplomacy from the 43rd. We do begin with the growing fears of a new Covid Wave as cases climb, nations plateau. Now Los Angeles is turning back the Pandemic Clock, issuing a new Mask Mandate. Reporter Los Angeles, the nations largest county taking a step back requiring masks indoors even for the vaccinated starting sunday. Breaking with cdc guidance, its a clear Signal Concern is growing over the highly contagious Delta Variant. Meantime, for some of the 48 Million children under 12 and their parents who were hoping to get them vaccinated this fall, a longer wait. The fda will now review several additional months of safety data. Meaning a vaccine for Kids Wont likely be available until early next year. It makes it a very stressful time to be a parent, educator and a child tha
1.5% two year just below that at 1.478% overnight in china, look at those stocks and you re going to see the nikkei was up by 2%, 2.1% in shanghai, market there up by a percent and hang seng closed flat and then if you re looking at what has been happening in europe with the early trading taking place this morning, you will see mostly green arrows there. the cac up by .9%. so is the dax. the ftse down by half a percent. cnbc has you covered for all of the big global stories that are moving markets today we re going to take you to hong kong for the latest comments from carrie lam. an update on the political crisis in the uk over brexit exclusive update on the tariff fallout for small retailers. let s start in washington now, with the news that the the big news that is moving the markets now, trade talks with china, set to resume next month. what do you got here the news breaking last night out of beijing, the foreign ministry issuing a statement, here is the cnbc transla
jap japan s exports fell 6.7% in june, much more than expected. they were looking for a 5.4% drop tex tend the bigger surprise drop was a 5.2% drop in importeds versus the 0.2% decline economists were expected the nikkei was down by 2%. hang seng off by a half percent. the shanghai down by 1%. in europe, red arrows there as well spain off by 1%. lesser losses for the other averages check out the treasury market. you will see that the treasury market this morning is showing the ten-year with a yield of 2.054% united health just reporting moments ago. posting second quarter profit of $3.60 per share. that beat estimates of 15 cents. revenue came in ahead of wall street forecasts the company raised its full-year forecast we ll talk about this more with ana gupte. netflix shares are falling sharply this morning the company reported a drop of 130,000 u.s. subscribers in the past quarter on the conference call reed hastings attributed the lower growth in part to its program lin
probably one of the biggest in terms of enterprise companies going public during this ipo vintage. we awere here last year for the uber ipo slack today. we ll bring you lots of news about it it s a different type of listing, it s a direct listing we ll talk about all of the dynamics around that for now, back to you we talked about that direct listing earlier this week. the pros and cons to it again? there are some pros and cons. you can only do it if you have a lot of cash on the balance sheet. this is a company that does. if you re trying to raise money, it doesn t work this way there s no additional money that gets raised the way uber was raising money and wework will be raising money. we ll see if it becomes a model. spotify did it successfully. slack is doing it. if there works, there s a question on whether airbnb, the next ipo on the docket in the future, there s a question if they go the same route it has a huge implication for wall street, wall street fees and the
tonight. power lunch starts right now welcome to power lunch, i m dominick chu the dow had been up more than 280 points at the highs. despite today s gains, the nasdaq is on pace for its biggest monthly drop since 2008. the nasdaq is the only index up so far for the year. real estate and communications services are your leaders, right now for sectors. utilities are lagging. and leaving the dow right now, have you shares of intel, also nike and verizon, ibm is a lager down for a second straight day underarmor soaring on a strong beat for earnings. after reporting its highest profit in five years coke in the green as well as organic growth rose by 6%. we have every angle of this market volatility covered for you. bob tasani watching today s moves. a wash out in stocks julia borjsten much smaller moves today. we ve seen only 30 points on the s&p. the vicks, well, it s down fractionally still near the highs for the month. it s never gotten near 30, remember in february, it wa