Couple of days over 8 if you are looking at five days. If you were expecting a quick pull back, you are not getting it s p futures are off by 8. 5 nasdaq off by 31 all three major averages have lost all three of the gains for 2020 so far. We have looked at treasury yields so far. If that goes up, a tick higher well take anything. It is hard to take the big drop when you have one day at 22 keeping things in perspective. Our top corporate story. Disney ceo bob iger is handing offer the keys to the Magic Kingdom immediately. Hes not going anywhere i have a theory this beautiful succession is so orderly it is weird that it comes down to, oh, im leaving today. I want to hear what you know and some of your water cooler scuttlebutt. And go wild. My son informed me yesterday, bob iger is stepping down. Replaced by bob chapek hes been there a long time. Head of the global parks unlike Nbc Universal hes not a content guy hes a parks guy we think of it differently at comcast. Parks are important
That is right, you cannot ignore those discussions. Thank you to you for putting them front and center, and to david for the good work he does it have a great evening and great weekend, guys. Thank you at home for joining us this evening. One of the most important criminal cases against donald trump has been on lifesupport for weeks now but as of today, it appears that the case will live. The former president will likely have to face trial. For the past two months, we have watched as the Georgia Election interference case against donald trump and 14 Co Defendants devolved into a high stakes sideshow. Several of the defendants in this case accused fani willis of having a relationship with the Special Prosecutor on her team, nathan wade. A relationship that created the Conflict Of Interest. They argued that because of that relationship, fani willis needed to be thrown off the case, a move that would effectively kill any chance of this case ever getting to trial. Last month, d. A. Willis
Welcome to squawk on the street. We wake up another tweeter bomb. A big week with a fed decision. The fed near 20k. Europe is mixed. 10year 2 1 2. Oil up on the nonopec oil production. The road map with the negotiation of the president elect and an american company. Donald trump calling out the cost of the f35. Defense stocks are dropping in the premarket. Timing, another Company Trump has in the cites, boeing, a deal for 80 jets. The buyer iran. And the markets making new records. Oil prizes, as well ahead of the fed meeting which, of course, is wednesday. David with breaking news. We do. On a potential deal that will not happen. And that is involving viacom and cbs. Right now, the National Amusements, shareholder of both companies, led by Sherri Redstone and wanted to them to engage in talks designed to see whether they could come to a combination has withdrawal that proposal of viacom and cbs engage in the discussions. Reversing course in a sense and backing the new ceo at viacom an
The nikkei in japan than in japan down slightly. Shanghai composite that part of 1 . Lea Police Arrest protesters after an evacuation deadline passes. Lauren tassel shares sales jumped by 90 of ceo elon musk scent a pretty aggressive Production Target for teslas new model recipient. Lauren why is amazon. Com applying for a Liquor License . Take a look. Lauren march madness in february with two big buzzer beater and in syracuse takes down duke invades california. We will show you the highlights. Lea thursday, february 23rd. Welcome to fbn am, your first look at morning markets and breaking news. Lauren President Trump said to meet with manufacturing tel is the white house says the president plans to discuss specific action to remove barriers to job creation a day after the president focused on cutting federals name. Blake burman at the white house with details. Federal budget coming wednesday with President Trump calling it a mess. The president met throughout the day with top aides and
It is a tesla mystery. The market d. There it is. The market likes it. The stock is up almost 3 today, but what does d mean . First to sue at the nyse. Hi, sue. Hi, ty. There was another tripledigit loss in the dow earlier. Its trying to fight its way back. Lets get you up to date. The dow right now is down 47 points. But as we said, it was down triple digits. S p is down 7. 5 . Nasdaq is down 13 . The yield on the tenyear note holding at 2. 41 . Ty mentioned oil. It continues to plunge. Brent near a twoyear low. This after saudi arabia cut its official selling price. That is a 1 1 3 loss in brent kud. West texas intermediate down just about a tenth of a percent. It was a very rough close in europe. Germany down 2 . The ftse down 1. 7 . France down almost 3 . Italy down 4 . Spain, 2. 5 . That is the definition of ugly. Lets get the trading action with simon hobbs and bob pisani. They both join me here. Bob, set the stage for us here and then simons going to tell us one of the reasons o