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The taxpayer burden. And later on, why President Biden is calling china a ticking time bomb. You are watching Worldwide Exchange here on cnbc its august 11th, 2023 good morning man welcome to Worldwide Exchange. Im dominic kamalachu. Lets look at equity futures we are moving marginally up or down p the s p is implied lower by two points dow implied higher by 19 the dow, s p and nasdaq are coming off a higher session on the heels of the upbeat cpi report week to date, it is painting a different picture. Look at the dow industrials. North of 1 declines for the Nasdaq Technology may be lower for the week, but small caps have it worse with the russell 2000 on pace for the worst week since late june. Down 1. 75 on the week to date basis. On the bond market, y ....
have you ever seen this much chocolate, at least in the cityo of new york? that s why people are hatinghato on me. the race card officially over, but oh, oh, oh. disney canceled conservative star wars actress gina carano strikes back on prime time. plus, cocaine, hippos. last night, we invited senator lankford on from oklahoma. t he s the republican who coauthored the border bill with democrats who admittedd the border never closes. he said he was in a meeting last night cond he couldn t make it. so we invited him on again tonight becausuldn t make we hat of questions like, why would you spend $20 billion on a border bill that doesn t close the border0 billio ? langford lankford told our team he didn t want to come in tonight to get his skult wan cracked in. he probably doesn t realize i m a pussycat. he wrote the bill. i read the bill. why not tell me how it worksl. read? instead, lankford went on cnnt twice to talk with danona bash and jake tapper, anchors w ....
Plus a mega deal in the oil industry. Chevron is buying hess. Were going to have the ceos of both Companies Joining us here at post nine momentarily. And one of apples largest suppliers, foxconn, reportedly being investigated by authorities in china. They are said to be conducting tax audit inspections and revving land use of foxconn subsidiaries. That is pressuring sales of apple a bit as we get started with trading 29 minutes from now. Carl . Actually, im going to send it to myself. Thank you, carl. We do start not with the markets itself but with that major deal in the energy sector. Chevron agreeing to acquire hess. Its an all stock transaction, valued at 171 a share before before we see chevron trade this morning. The ratio, 1. 025 shares of chevron and again were going to be speaking to both the gentlemen behind that deal very shortly. Jim, it follows, of course, exxon and pioneer. I am told, however, these two were talki ....
Like rwanda. Hs2. The Prime Minister is going to effectively say in his speech today, its not going to happen. That link from london to manchester. The mayor of Greater Manchester, andy burnham, says cancelling it will tell the people north of england people in the north of england theyre class citizens theyre second class citizens when transport theyre second class citizens when belief transport theyre second class citizens when belief in transport theyre second class citizens when belief in some ort theyre second class citizens when belief in some ways that beggars belief in some ways that they are about to do this, to pull that plug here in manchester would show complete contempt for the people of this city, region and of the north of england as a whole. More strikes today is the first ever joint strike action by rail workers and the train drivers. Junior doctors and h ....
The u. S. Rating. No surprise there. History in the making President Biden would become the first sitting president to visit a piblt line hes planning to join strikers as those workers of the big three hit 12 days of walking out on their jobs. Lets begin with the markets on track for a lower open on this tuesday jim, youve been watching yields, of course. You commented this morning about the 20year in particular. Yeah. I think weave been going toward ive been saying this to club members a lets just say the opposite of an inverted yield curve t inverted is what im calling it youve got 4. 8, a 5. 3. What i think can happen is on the 20year you can usually get 6. Lets say Neel Kashkari is right, one hike. Then you have no more inverted yield curve. The problem is that when i go over stocks, locking in a 4. 8 is considered to be really pretty terrific. Its not bad. Its not bad. 4 ....