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Squawk alley, Kayla Tausche is in london. Joining us this morning, our super panel, former daily male ceo, John Steinberg and indy go go co founder. First, you want to wait for apples top lawyer in its case against the Government Joins us live later on this hour. Dont miss it. First up, the oracle of omaha, Warren Buffett joining squawk earlier this morning, had a lot to say about a lot of stocks, namely ibm. Take a listen. I dont think so, but it could be. I mean, we weve owned stocks we lost money in. And sometimes when stocks go down, were wrong and we sell them. And sometimes we think were right and we buy more. And sometimes it turns out we are. A stock going down is a good thing, unless the company itself is losing value. And sometimes thats the case and some ....
And so cold. Meanwhile jeff bezos is at amazon selling 7 million worth of his shares. That stock has reached a 3 trillion market kapp. Were going to have a stock brawl on what to do with amazon coming up. Everybody loves to debate amazon. Then theres the jobs report coming in this morning coming in below expectations. Does this guarantee a summer without a rate hike. Thats also coming up. But lets start, though, with the nasdaq on pace for its first threeweek losing streak since midjanuary. Bertha coombs running down some of the biggest losers for us, bertha. One of the biggest losers is apple as well as nasdaq has come off the lows. Take a look at apple trading low. Weve gotten a bit of a lift this afternoon as we receive a little bit of buying come in on facebook, amazon, and netflix. The usual fang names have been Holding Things up, but that move on apple, down for three weeks in a row, is really part of what is causing that do ....
Changes are taking applauplace. Well go there live in a few minutes. The ceo of the lending club is out and the stock is falling very hard in the premarket. We will give you the latest. And donald trump saying the rich will probably pay more taxes if hes president. Will support shift now that hes backing earlier proposals to reduce taxes on all americans . Futures are off the highs of the morning following a down week for the markets, one which saw the nasdaq dip briefly into correction territory. Growth in the mix, a bigger than expected drop in chinese imports and exports last month. Overnight, shanghai fell by almost 2. 8 . Imports down 10. 9 , was a bad miss. Then we had these ongoing concerns about them pulling back on some accommodations. Yeah. Look, china and oil both negative today. This china situation looks like there wasnt a lot of speculation, obviously, buying these commodities. Now, i still believe that the domestic markets better than people think, but was it a blip up . ....
Shari Redstone, 69, is in talks to sell a controlling stake in National Amusements, the parent company to the $30 billion media conglomerate she inherited from her late father Sumner Redstone. ....