Delays from washington from the trade deal to the stimulus negotiations, deadlines and expectations being pushed back the weve got 59 minutes left to go in the trading week s p 500, 16 points from a record close. Down right now, jon. Still higher on the week everyone except the nasdaq great to be with you this afternoon. We have a big show coming up to finish out the week. Were going to speak with minneapolis fed fred neel sakashkari and later, as stimulus talks grind to a halt, well speak with Maxine Waters about whether there is any compromise to be had. Plus, shell discuss a new bill encouraging the fed to use authority to close the racial wage gap in this country mike santoli is tracking the Market Action. Start us off on the broader market. You can call it resilient or fatigue or really anything a standoff here at the record high levels of the s p 500. The past four days have basic clind of touched it or been shouting distance of it. The were just hovering there. Up 3 or so month
Lavongo on their merger and the first companys earnings report. David has news on microsoft and tiktok. Want to continue to update a story were following closely given we have not seen anything like it. Tiktok the incredibly popular social media app in the u. S. And around the world, bytedance its owner, the u. S. Government saying we will shut tiktok down in the u. S. Unless you find a way to transfer all of it to u. S. Ownership and microsoft playing the role as potentially the only suitor for the business i wanted to bring everybody up to date on new reporting that ive got because it is interesting. Both sides right now, bytedance and microsoft and of course the u. S. Government is still very much involved in this as well are negotiating to try to reach some sort of an agreement under which microsoft would buy the u. S. Business of texas toks u. S. Bit from bytedance within the next two to three weeks. That seems to be what theyre hoping for in terms of a timeline obviously in these
York stock exchange. Very monday morning and its going to be a very busy week were going to start with some talk about technology and antitrust. Our next guests latest column says, are we finally getting serious about big tech monopolies is it too late cnbc contributor kara swisher joins us this morning. Good morning, kara good to see you. Hi. Good to see you. You ask, are we finally getting serious about mo monopolies and then you go on to say, youre not holding your breath and no one in Silicon Valley is holding their breath no, were not theres been so much suggestion about the ftc and the justice department, i just wanted to point out some information for them about how much of a cheap date consumers have been to these Tech Companies and whether we need morecompetition. Its something ive been talking about the idea that we should have a new social network, that we should be able to have a new Search Engine and have some choice and theres very little choice in many, many too many sec
But a different story for amd. Both stocks on fire this year. How to trade them from here. The Halftime Report starts right now. Welcome to halftime good to have you with us on this wednesday. Our Investment Committee today, joe terranova, Jim Leventhal allianz Global Investment strategist we begin with the countdown to the fed today. Thats what everybody is talking about including Steve Liesman who is in d. C. Following the money for us i guess its pretty much a foregone conclusion on a cut i think thats right, scott i think there are some questions as to whether or not the Federal Reserve also were to end its Balance Sheet reduction. Supposed to do so in september a lot of talk on the street that maybe they do that today along with cutting rates doesnt really make sense to be tightening up financial conditions through reducing the Balance Sheet along with cutting Interest Rates and also, i see a big question about the guidance worth taking a look one last time at where the market pos
Chipotle and snap. All of them, up big. Facebook and teslas numbers come out later this afternoon. Both down in advance of the official numbers. The overall market, that will open lower in large part because of the downside move of caterpillar and boeing which are dow stocks which are taking a large number of points off the dow. We will open down about 100. Look at that nasdaq, down about a half percentage point. Unless theres a big surprise, again, this is my opinion, the hearings are not likely to affect wall street. Varney company starts right now. Stuart they started. Youre looking right now live at the mueller hearings. Joining us, judge Andrew Napolitano and liz peek and david barnson will chime in as well. Weve got him on camera. First to the judge. Okay. They started at 8 30. 31 minutes ago. You have been listening. What have you heard so far . That bob mueller is a good marine and hes going to follow the instructions from the department of justice and basically not talk about