Offers a fiery review of his predecessor. Air b b filing the paperwork following a rough year for that industry intel announcing a 5 billion buy back as tech faces slumping shares it is thursday, august 20, here on cnbc. Good morning. Im dominic chu in for Brian Sullivan stock futures indicating some modest losses. The dow lower by 100 points. Thats an improvement over the last hour. S p off, the nasdaq off by about 20 points. These are losses now after chinas comments saying the country and the United States will hold trade talks in coming days after the talks fizzled. The Central Banks comments knocking the s p 500 from a new intraday high we hit the stock of the morning so far is apple, becoming the first u. S. Listed company to get a market cap of 2 trillion. Doubling valuation in just over two years. For those wondering, a 3 trillion value for apple would be at 761 per share that will happen right before the stock split. We have Geoff Cutmore in the london news room the color of t
Before it gets better. U. S. Secretary of state mike pompeo urges the world to stand up to china. In a separate report accuses beijing of digital. We work to convince the Chinese Party it is not the best interest to behave in this behavior ceo warns of tough times ahead. When we went into the group, we knew that would be challenging with all the shut downs in different parts of the world. We saw recovery in china which was remarkable we have seen a weaker u. S. Affected by the pandemic dutch paint maker says material costs will have a positive impact. But ceo warns the virus will continue to weigh for the rest of the year. We will continue to see ups and downs. It is lucky it has been balanced between Home Improvement and the market we feel it has been under control and stay vigilant. A warm welcome to street signs. I want to start the show with the update on the latest numbers in the states. More than 1,000 people died from the virus in the u. S. Yesterday for the first time over a mo
Just because a deal gets done that doesnt mean it will make sense. The dow finished flat, s p advanced 0. 7 , we need to address the merger mania because this market was dominated by deals today. Both real and imagined before we get into the weeds let melee out my position for you. I love mergers and acquisitions. The higher the stock market goes and it reduces the supply of stock floating around and anything that takes out supply is good news even if its applied to buy backs, however, i dont love speculating on mergers and acquisitions especially when acting on a tip as always, i say tips are for waiters if youre not for sure a deal is coming, Accurate Information is illegal. If you dont know, then youre just gambling. My rule of thumb never bet on a stock because of the speculation, only buy a stock of a company with healthy fundamental. Any potential deal activity lets say thats gravy which brings me to todays action this morning david faber reported that xerox wants to buy hp ink w
Which would take us towards more record levels as investors eye in the beginning trading about a third of a percent. We did have an unexpected bounce in chinese Manufacturing Activity this is helping some of the asian markets. Some of the data has been showing a fairly bleak picture in contrast to the numbers today. Add in a bit of a risk investors might be caution across the european trading session. At the start of the session is banks at the bottom. Basic resources. We look at the banks a number are reporting from the sector today insurance and profits crossing over the course of this week the sector trade tie almost a third of a percent it is a sweep into the green at the start of this session. Health care which has been stunning through many of this through october. Up by. 2 telco is up. 2 . We waited out a phase one trade deal to be inked in coming weeks. Oil and gas bounce half a percent. The china story seems to be supportive for these two areas of the stock market today. Lets
issue. and when you actually go to border patrol counsel, those that see the chaos day to day, they re saying send us some help. yet it appears that help won t be coming from congress anytime soon. the bipartisan border bill that republican senator james lankford and others worked on for months is now dead. wal go through the republican-led chaos on capitol hill. plus, we ll take a look at a possible plan b on border security from the white house as president biden considers taking executive actions to address illegal migration. and also ahead we re going to break down the monumental case going before the supreme court later this morning that could determine whether donald trump stays on the presidential ballot. good morning and welcome to way too early on this thursday, february 8th. i m jonathan lemire, and thanks for starting your day with us. we have a packed show this morning, and we ll begin on kamt where the carefully crafted, bipartisan border security, and fo