And as andrew was talking about, with mr. Lansdale, big tech will testify. The ceos of facebook, alphabet and twitter will face questions from a Senate Committee this morning. We, of course, will bring that to you carl guys, a lot of jitters, jim, this morning, as to what macron may say later on tonight, european time. Your point on social media has been this premarket weakness is not about the earnings themselves. Right look we would be in a stay in place order if we adopt what merkel is talking about. We have never been on the same page as merkel when trump came in she is more rigorous about hygiene and about masks and social distancing than our country is our country is not the way of germany. I would say you see chicago close, all the dining places, and restaurants and start thinking about travel, leisure, hospitality, it then bleeds into boeing we have this morning and i think it is impossible to think about boeing without thinking about once you get there, where can you go . I th
James comey who saw the trumprussia probe. He testified today he only learned about fbi abuses in the probe reading about them after the fact in government watchdog reports years after he left the bureau. But then comey claiming it was quote, run by the book. All this leading republicans to ask how can comey know so little about an investigation he launch and ran, when it was comey who pushed for the Mueller Probe in the first place . Joining us republican congressman doug collins from house judiciary how the democrats are mounting an even bigger pushback to stonewall president Trumps Supreme Court nominee amy coney barrett. Former federal prosecutor jim trusty on dni ratcliff declassifying information that indicates u. S. Intelligence had evidence from russia in the summer of 2016 that Hillary Clinton and her team had personally signed off on a plan to make up the russia collusion story in order to damage trump an distract from her own personal email scandals. That president obama kne
31 was exceptionally important. I spoke to the vice chairman yesterday, and hes really enthused about expanding on a lot of this monetary mumbojumbo. It is an important speech, but the backdrop, you nailed this weeks ago, is the massive case build up in the United Kingdom that the Prime Minister talked about yesterday. Im sorry, the landscape changed yesterday when he went out to march of 2021. Jonathan the outlook for europe gets a little bit worse. The data on the Services Side backing that up. From my perspective for the Federal Reserve, the message they want to send if things get the message they want said, if things get better they want to send, if things get better. Tom how many times will we mention it . Jonathan i lost count. Lisa, will you count it . Lisa no, but im going to let tom know that. Tom 47 times. Lisa there you go, 47 times we mentioned fiscal stimulus. Jonathan just to clear this up for our listeners, our audience worldwide, tom keene has not counted how any times.
From todays apple event we start with a major selloff in the financials the biggest driver in the market with the xlf falling more than 1. 3 citi dropping 7 today under pressure that regulators could crack down on the banks Risk Management systems the stock is now down more than 12 in the past two sessions guy . Dan nathan has been talking about this for a while one of the things weve said is todays banks are much different than ten years ago theyve become utilities you have to look at them differently and you have to factor in valuations much differently. Ill say this quickly about citi right now at 45 the stock is now trading 63 of tangible book, assuming that tangible book is accurate thats levels we last saw probably in the financial crisis these are trough valuations in terms of the price of tangible book i think Warren Buffett told you everything you need to know about us banks hes obviously paring down exposures in banks i think that tells you a lot as well in terms of citi, its
Were looking at a sharp selloff for the nasdaq, down 271 points right now, the s p and nasdaq snapped a winning streak on friday. The markets are down across the board. Large labor day parties raising concerns about a coronavirus spike. Creating a futuristic Fan Experience at the u. S. Open. Watson using Artificial Intelligence to allow fan interaction, even with empty stands. Mornings with maria is live right now. Global markets this morning are under pressure, take a look at european indices, markets are under pressure as concerns grow over a no deal brexit. The cac is down 63 and the dax is lower by 108. Germany is showing signs of a slow recovery. Exports rising 4. 7 in the month of july, imports were up just over 1 . That was far below prepandemic levels. Checking asian markets this morning, take a look at what happened overnight, green across the board in asia, best performer as you can see japan, nikkei average up three quarters of a percent, same situation with the shanghai com