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Tenyear. But get you up to speed on top stories. Is taylor riggs. Federal reserve policymakers signaling there will likely be an increase next month. Their most recent meeting shows that officials are looking for stronger science of their rights. Want people want to see inflation on an upward path before another rate hike. Tomorrow, zimbabwe gets the first their first new president for a few decades. The the new could country as a democracy. He had fled after being president bite fired fired by president robert who got a, who will not face prosecution. In the u. K. , conservative party makers are delighted with a by hammond, who targeted Younger Voters with tax biggestand promised the Homebuilding Program in almost five decades. Conservatives lost over brexit. In germany, chancellor Angela Merkel make it a partial l ....
Good morning and welcome to squawk alley. Carl and jocn have the week off. They will be back though joining us this morning as well, walter isaacson. Nice to have him this morning. And a lot to talk about. More red flags for facebook, twitter and other social flat forms. For example this time for former president barack obama in an interview with prince harry, obama warned against the irresponsible use of social media. Take a listen. The dangers of the internet is that people can have entirely different realities. They can be just cocooned in information that reinforces their current biases the truth is that on the internet, everything is simplified and when you meet people facetoface, it turns out they are complicated. People are comply it ca llic apparently thats what we hear. Twitter and social media and facebook and Everything Else, the question is about regulatory in particular sort of come to mind, not to mention of course ....
Earnings coming down overall and Chinese IndustrialCompanies Profits down in june feeding into one thing. The secondbiggest World Economy is getting a little bit nervous do you sell commodities . One the biggest demand is of copper. There goes copper. Clearly, this is feeding in and feeling the commodities and concern about china equally we will keep a close eye on oil as well. Oil being sold off. We are worried about supply. More rigs in the United States for the Third Straight week. They are still drilling when it comes to shell despite the concerns maybe iran will be adding to supplies and the middle east and saudi arabia and a supply glut to continue. Demand may be easing when youre the likes of china ....
Field tonight. A treasure trove for lawyers and hint, hes mad as hell and hes not going to take it anymore. Varney company is about to begin. Lets get to it. The markets, that is. Were going to be down at the opening bell, 70 or 80 points, were all over the selloff, how bad is it going to be and we will be asking that question for three hours. The price of oil bouncing no, not bouncing down, back at 40. 87 per barrel, again, were looking to see if it drops below 40. Were showing 39 on the screen at some point today. Well see. Gas, good news, the pace of the decline in prices is picking up steam, down about two cents overnight. And big names, we talk about it every day and boy did they get beaten up yesterday. Do you buy now . Here is the closing prices from yesterday. Netflix, 112. Apple, 112. Facebook 90, amazon down to 515. Jo john, taking a vacation from his mansion in bermuda. Are you going to reassure our viewers that maybe this is the time to buy a few bargains . Not necessarily ....