Oracles deal for tiktok hurdles as President Trump is not ready to sign off on the plan. And Hurricane Sally our conversation with the u. S. Energy secretary coming up this is Worldwide Exchange here on cnbc good morning, good afternoon, good morning and welcome wherever you are watching. Thank you for joining us on Worldwide Exchange. Now your money are setding it up for the day in the red stock futures at the bottom right of your screen we call it a bug, down 225 points on the nasdaq, the dow rather, the nasdaq down 118. It looks like Big Technology may be happening it is early and futures are turning around right now, we are down across the board. The dow got a minor gain it was a different story for the s p 500 which was a better measure of the market and the nasdaq has shed more than 1 the index has been dragged down by shares of apple facebook and microsoft also big laggards. Snowflake open raised from one day earlier. At one point, shares climbed up above 300 a share after pulli
Comments on the call, disney ceo bob igor stressing that the lower than expected results on the quarter are results of the big changes he implemented at the company, both foxs acquisition and disneys pivot to embrace the direct to consumer business theyre investing in right now igor Just Announced consumers will be able to subscribe to a bundle of their services for 12. 99, they will get hulu, espn and disney plus, worth noting it is the same cost as netflix. Take a listen to his comment here. Our results reflect our efforts to integrate the assets, businesses and talent we acquired in order to enhance and advance our Strategic Transformation implementation of the integration plan is well under way. A complex process given the magnitude of the endeavor, and we remain confident in our ability to successfully execute our strategy reporter cfo Christine Mccarthy saying that the acquisition of 21st century fox and taking control of hulu will have a dilutive impact on the fiscal First Quart
Pharmaceuticals. Bloombergd a nice scooped saying pfizer the largest drugmaker held talks with astrazeneca. In terms of the corporate watchingwe are phillips. This is one of the biggest lighting companies. They missed on their earnings. They missed on sales and foreign exchange. The ceo was with us a little earlier. Exactnt have an valuation. The top line is they missed. The evenh care business, though the auto business is going better, the Health Care Business is at a low. Its actually not open yet, but we will expect celebs to keep the share price open any time now. Another very nice bloomberg scoop. We understand we have a new ceo at ford. Exactly. Man whoally, the brought ford back from the brink is going to hand over the reins to mark fields. He is the chief operating officer. He has got ford in his blood. 25 years he has been at the company. He really turned around the thorn in their side. The u. S. Unit is incredibly profitable. The weekly Business Review at fort. Going to be ta
Thdo that. I would advise iran very strongly not to restart their nuclear program. If they do, there will be very severe consequence. We will get to those headlines in a moment. But first the story that could overshadow it all, what the atlantic says merges the two biggest scandals in Donald Trumps presidency in a single tweet. The man at the center of it all is trumps longtime lawyer, Michael Cohen. It started with this from Stormy Daniels attorney, michael avenatti. Quote, attorney mr. Cohen received approximately 500,000 in the months after the election from a Company Controlled by a russian by a Russian Oligarch with close ties to mr. Putin. These moneys may have reimbursed the 130,000 payment. Nbc news has reviewed documents that appear to support avenattis claim that cohens Shell Company, essential consultants llc, received money from a Company Called Columbus Nova which has ties to Russian Oligarch Viktor Vekselberg. A man who also has close connections to vladimir putin, a man