Usmca, china, theres a lot in the mix today. There sure is as we start squawk alley. Glad to join you carl and deirdra bow is a also with us this morning major indexes still higher, though the dows best performer over the last quarter was apple so, we can continue to watch that stock as well its been interesting, deirdra, to see this move in apple over time thats where were going to start. The dows best performer again over the last quarter. In the midst of this platform shift right now, we have to see whether they can continue this momentum as we head into a Holiday Season where the headlines are questionable whether theyll be able to churn out enough of the 5g iphone based on production delays that theyve encountered in the midst of the coronavirus absolutely. And its not just apple, right, guys tech had a big quarter at large. Youve seen them lead the way once again, although alphabet little underperforming so youre starting to see more breadth in this market one of the major questi
House passes and aid package and some corporate bailouts may come at the price of corporate equity stakes. And gilead shares crash as reports suggest its potential covid19 drug flopped in trial. Good morning, everybody. Program. O the we see a sluggish pace reflected in european futures. Much weaker. Features down, plenty of reasons to be gloomy if youre looking for them in terms of u. S. Jobs data, eurozone pmi data. We saw that certainly have an impact. Lets have a look at u. S. Futures. We do see some negativity and u. S. Futures in u. S. Futures. But not to the same extent. As we continue to watch the earnings stories coming in, lets get a bloomberg first word news update for you. The u. S. House overwhelmingly passed a nearly 500 billion. Oronavirus aid plan the white house says President Trump will sign the legislation today New Washington time. Treasury secretary Steven Mnuchin once equity stake in exchange for a share of 17 billion in aid. He says Public Companies critical to N
The tension between lack of trust in big business and argues that corporations despite americans are essential in balance, productive and Progressive Society by spurring innovation, rewarding talent and hard work and creating on which tech come to dependent. Tyler cowen with finance and tech industry, both critics and walter frick, beauty editor of Harvard Business abuses tyler cowen mounts a compelling defense of the tech industry. There critics and defenders will benefit from reading this book. Tyler cowen is joined in conversation by edward luce, National Editor for New York Times and author of the retreat of western liberalism. Join me in welcoming tyler cowen and edward loose. Thank you very much. And not a neutral, impersonal we have been friends for many years. I can confidently say tyler is not just an example of disagreeing without being disagreeable but disagreeing without being disagreeable and being far more knowledgeable at the end of it. We do agree on something that i wi
Be pahampered. Im not hampered yet, im pretty tough, but in august i talked to my wife about it and we decided to go ahead and retire at the end of december, which ive announced and said i was going to do. The governor of georgia is making an appointment to take my place and you might look in the history books and they might have an isakson in the glossary, but i doubt it. You you may never see this name again. Ive been here 15 years, the loved every minutes of it. And enjoyable part of my life, not because i like to be a senator, but for the people. Congress is getting a bad wrap, a lot of things said about people that doesnt matter like those in some of the media and some of those, but others take pot shots at people who are politicians and serve people in the community. I never do that not because i am one, but i know because i am one what you have to do. Its a tough job. If its not done and not done right, it doesnt the way it should. I make sure when i leave the last thing i do is
Dollars in market value as the spotlight shines on its chinese Production Base where almost all made. Worlds iphones are Taiwan Semiconductor for using patented chip technologies. The u. S. Trade agency imposes import bands that could roil the market. First, to our top story. Days after escalating the market with the trade war with china, President Trump says beijing badly wants to make a trade deal. Pres. Trump i think they want to make a deal. Im not sure they have a choice. The united states, which has never collected . 10 from china will, in a fairly short period of time, will be over 100 billion in tariffs. Taylor to discuss more, i want to bring in peter. It is very interesting. We sat here friday and the stocks in chipmakers dropped 4 . The sentiment has improved. Would you agree with investors that we got an improved reading . Oday on trade peter it is mildly better. That trump is saying the chinese won a deal, to me that shows that trump wants a deal. You can regard that as tr