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CNBC 1627
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CNBC
Oct 8, 2009 6:00am EDT
quote china because of the chinese stimulus package. is this something that you expect to see continue thing? are you going to see it drop off as that stimulus package winds up. >> i've been going to china since the 70s. you couldn't get a legal vitae in the u.s. when we first went. you had to go to a back room guy in hong kong. china was up 20% in aluminum in august. that was really impressive. one thing i know about china, is it's continuing to boom. the numbers are going to be flaky. they had a week long holiday the first week of october and people cheated and left for holiday a few days early. they do their holidays all at once. and they started on the 28th of september. that could affect the numbers a bit. but china basically, i think, is
CNBC
Oct 8, 2009 6:00am EDT
quote forward. then you focus on the balance sheet. david just came back from china. mainly inventory rebuild and consumer demand. i don't want to preempt your two-week trip. >> things are strong in china at this point. >> seemingly so. >> we'll get -- >> their banks lent enormous gdp in one year. >> huge. funneled through the state on enterprises, largely to construction activities. one of the things i hope we'll get into on the show, whether that's sustainable or ends
CNBC
Oct 8, 2009 6:00am EDT
quote spenders. have you seen that change? >> clear evidence in china. you see it in the numbers whether or not you trust them or not, 15% annualized growth in retail sales. you see it in some of the companies. >> is that good for american companies that would sell consumer products? >> not necessarily american.
CNBC
Oct 8, 2009 6:00am EDT
quote that china's consumers are going to grow, the chinese consumer -- chinese gdp at 9%. they will grow substantially. they are going to be higher than the u.s. in ten years. >> guys, we've got to take a break. i want to continue this conversation but after the break. we're counting down to jobless claims, data due at 8:30 a.m. numbers, instant analysis plus the cost of health care reform. now we'll hear from the front lines of congress. senator grassley joins us when "squawk box" comes right back. >> you're watching "squawk box" on cnbc, first in business worldwide. out the blue carpet for drivers of these great gm brands. we can do the small things, the big things, just about everything... right inside your gm dealership. find out more at goodwrench.com.
CNBC
Sep 3, 2015 6:00am EDT
big stories we're watching today. china stock markets closed until monday as the country puts on a massive military parade to commemorate the defeat of japan in world war ii. they watched column after column of tanks, missiles and troops in a display of china's growing military might but also pledged to cut 300,000 troops. perhaps to show they have to expansionist threat. ve we'll get you a live report from beijing in the next half hour. in corporate news the ceo of japan display hinting at strong orders from apple ahead of the new iphone launch. apple was never mentioned by name but his biggest client is increasing orders. a new iphone is expected to be launched later this month and sygenta plans to sell it's vegetable seeds business and buy back more than $2 billion worth of stock. this comes as they try to boost shareholder returns as it rejected the take over offer from monsanto. >> the retailers earnings matchingest ms bmatc matching estimates. planet fitness posting results for the first time since going public. earnings and revenues beating the streets. the gym operator didn
CNBC
Sep 12, 2016 7:21am EDT
with saudi arabia and the same thing with china. i have never seen anything like it. they were standing there and would not provide them with the stairs and people were fighting on the runway with chinese officials and what a sign of total disrespect. it's like the iranians running their boats around our destroyers and making crude gestures at our sailors, and it's like that, and you say, how does that happen? like when they captured our ten sailors, joe, and they would not have given them back, but the money started pouring in and they had to give them back because they wanted the $150 billion, and the payment started two days after that, so obviously they gave them back only for that reason, and if it were not for that they would still be there. there's a great lack of respect. what i saw in china where they would not provide staeurirs out air force one was, to me, incredible. >> mr. trump you are known with a great negotiator, and i wonder what you would do about north korea? after this latest nuclear bomb they set off, the latest i read this morning is the north koreans are saying t
CNBC
Aug 24, 2015 6:00am EDT
china. joe mentioned the shanghai composite plunging to a five-month low. it's now giving up all of its gains for the year. that decline of 8.5% that came today follows a 4% decline from friday. again, it has been rough. it has been difficult. we've been watching what china's trying to do. there is a general sense of not only a slowdown in china but also the idea that the chinese government may be losing control. many investors had been expecting beijing to unveil more policy support over the weekend following last week's 11% drop for stocks, that didn't happen and the disappointment over the lack of a move is evident. it is one of the big reasons for today's more than 8% drop. the rest of asia also closing sharply in the red. take a look at what happened. the nikkei down 4.6%. the hang seng was up by 5%. the shanghai composite down 8.5. shanghai, it is early trading. red arrows across the board. the dax looks like it's down 2.5%. similar decline in france with the cac. ftse off by 2. 4%. these are red arrows across the board. >>> late summer trades making you sea sick, there are go
CNBC
Jul 9, 2015 6:00am EDT
china. beijing taking drastic steps to prop up it's market there. along today's move banning shareholders with large stakes in listed firms from selling. it closed up nearly 6%. elsewhere, south korea rates overnight but did have the country's economic growth forecast. and then of course have to keep updating you on the situation in greece. meantime germany's central bank warns that greek solvency should not be increased more from our colleagues overseas in just a moment as we go toward sunday with some optimism i guess. >> i still think they do it. >> no they do a deal and both sides get to say yeah we're doing something. >> i never thought they were. but stranger things have happened. >> it sounds like it's going to come down to whether they're allowed to restructure debt which germany says no and the u.s. says they need to do. >> u.s. we don't like the a word in this country either. the administration. >> so the shanghai we know already -- it's not 6% -- we don't have to worry about that. >> when you ban selling it's really only one way it can go right. >> but when we're w
CNBC
Jan 4, 2016 6:00am EST
showed china's factory activity contracted for a fifth straight month in december. the rest of asia also posting losses as you can see. the nikkei opening the year with its biggest one day slide in three months. same story in europe if you look at some of the rough action there. take a look at what's been happening. you'll see that right now the dax is off by 3.5%. the cac down by 2.25%. in italy stocks down by 2.5% and ftse down by 2 perfection percent. the ftse, by the way, coming off the worst yearly performance since 2011 dropping for a second straight year. >>> take a look at what's happening with the u.s. equities futures this morning. the dow futures are down by 250 points. believe it or not, those are not the worst levels of the morning. s&p levels down by 30 points. we've seen the futures down by 300 points for the dow. nasdaq futures down by 75 points. all of these red arrows follow a rough end to 2015. here's the final report for 2015. the dow down by more than 2%. ending a six-year winning streak. the s&p turned in its worst yearly performance since 2008. the dow transpo
CNBC
Mar 10, 2016 8:02am EST
of action makes sense that -- you know, you talk about mario draghi, you talk about china, you talk about connectiono, there's days r basement currency every where. how should the united states respond. should we take the same route or stop these other people -- >> there's only one thing you can do. you can do devalue but you can do something else which is much better, you can charge a surtax or a tax for products that they sell in the united states. they are taking advantage of our country. we don't have strong leadership. i don't think we have strong economic leadership at all. you look what's going on with the world. and you look what other people are doing to us and what other countries are doing to us. i mean china is the grand master of all. my relationships with china are fantastic. i have great relationships and business relationships with china. and even those people say they can't believe what they are getting away with. >> mr. trump, you haven't had all good days in the media, in the press, not even at the "journal". today you had a good day on the editorial page sufferin
CNBC
Aug 31, 2015 6:00am EDT
. >> 100 points, let's get the latest out of china. overnight, the central bank injecting $220 billion. and now beijing abandoning the chinese stock market on large-scale share purchases. instead, the paper says chinese efforts will step up efforts to find and punish those destabilizing the market. the benchmark shanghai composite closing down but well off the lows of the session. the index has dropped by nearly 4% in the day. speaking of china, today, goldman sachs is slashing its forecast of the company's global for the next years. the government is targeting a number around 7% this year. goldman's nonreturn forecast is based on labor and productivity. >>> and to the great rate debate. that's what i'm talking about, you out there, getting things straight from the horse's -- horse's -- deer, you say deer, elk, you say elk, horses is plural. stanley fischer making headlines in jackson hole saying prices will likely rebound. all of these things start feeding a little bit. fischer suggesting this will allow the feds to raise rates gradually. as to how the central bank might move when the
CNBC
Sep 20, 2012 6:00am EDT
kernen and andrew ross sorkin. among the market stories we're following, china is front and center. new numbers out show manufacturing there contracted for the 11th straight month. even though activity is up slightly from august. some say that the news spurs hope that a slowing chinese economy night finally be stable i'd i stabilizing. jim chanos is best known most recently for being short on china. jim will be joining us at 7:00. we have a lot to talk about with him. also in washington today, man versus machine. there is an important hearing on high frequency trading. a senate committee will ask what the rules of the road should be. rhode island senator jack reed will join us with a preview. that's at 7:30 eastern time. and in tech news, if you are one of millions who pre-ed onned an iphone 5, you're very likely going to have it in your hands in the next 24 hour, but a few lucky reporters already have had a chance to play around with the new device. one will be joining us on set with the phone at 6:40 eastern time. so we'll get our first look up close and personal today. "usa toda
CNBC
Aug 28, 2015 6:00am EDT
futures. we saw a turn in commodities overnight. let's check out what's happening in china. that's been such a story for the u.s. market as well and joe it was another day of saving face in china. the shanghai composite closing about 5% higher. gains fed up in the final hour of trading but the government support measures from beijing. they'll start investing $313 billion as soon as possible and reports that it also bought stocks a head of the big parade. >> two days in a row. >> for victory of world war ii. >> shanghai and shanghai. it looks like they went in and the plunge protection team came in. i saw yesterday that yellen is going to go in september to bury the greenspan put and bernanke put to say see there's no put. i'll doing this based on monetary policy. >> they're looking to buy our stocks that would help. >> but the question is would that be a good thing with the markets? >> it's moral hazard. that's thinking that the fed is always going to be there so you don't factor in the risk that should be there in a free mar t market. you love the puts. >> of course we all love th
CNBC
Apr 15, 2015 6:00am EDT
. new numbers out of china overnight. this is what i thought would impact the futures in the opposite direction. the economy growing at the slowest pace since the financial crisis. expanding 7% from the year ago. that's in line with estimates. more from our colleagues in beijing in a couple of minutes and then our special news maker on set this morning. former treasury secretary hank paulson is out with a new book all about china. he'll join nus 30 minutes. and the ecb meeting today policy makers there seen sticking with the qe program. now this despite recent pick up in the economy. we'll get a policy announcement around 7:45 eastern time and we'll hear from mario draghi. he does that at 8:30 eastern time and corporate earnings are in focus. a couple of names reporting before the bell. we'll get bank of america, u.s. bancorp and delta in this afternoon. you have to watch for numbers from netflix. there you have it. >> certainly not my favorite media company. do you have to ask yourself if it's your favorite media company. >> my real favorite media company, comcast. >> nothing gets by
CNBC
Feb 12, 2010 6:00am EST
>>> good morning, everybody. we've got some breaking news. a surprise announcement from china's central bank sending shock waves through the global markets today were higher. the senate finally rolling out a jobs bill, but not without a new round of controversy. >>> and signs of life in the credit market. "squawk box" begins right now. >>> good morning, welcome back, everybody. i'm becky quick. i am joined by steve liesman and andrew ross sorkin of the "new york times." we've got a lot to talk about now. some big breaking news that just came out within the last hour. china's central bank surprising the global markets announcing that it is raising reserve requirements by 50 basis points. it's effective february 25th, but this is the second time we've seen an increase like this just in the last month. the markets are moving on this news. so if you are just waking up, pay attention. you've got the dollar and european and u.s. bonds jumping broadly. stocks and u.s. equity futures are falling at this hour. pay attention, folks. this is pretty important news because a lot of people wr
CNBC
Sep 16, 2015 6:00am EDT
to be catching up with what happened in china. does anyone believe that? it's a carbon copy, a cookie cutter in china of what we have seen in the last five minutes. but those 1% moves and three quarter percent moves following a great session yesterday on wall street, this is supposed to be a really positive week for stocks historically and let's take a quick look and you'll see what i'm talking about. up almost 5%. figure at a what that would be here. it would be like 900 points so that's a big move in shanghai. take a quick look at oil. it's now 45-40. now we're up to almost 2-3. we're still at the highest yield above germany and spain and italy and obviously japan and i don't know what this says about what janet yellen is likely to do. they both have what's janet going to do. >> on the day of another presidential debate. >> it's early. that will probably change. did we look at gold? i didn't see what gold is doing. i'm ready to take -- gold is ready to make a move. i'm ready to take it off our master run down. >> and try to come up with something to say about that every day. >> it's
CNBC
Aug 27, 2015 6:00am EDT
reporting that china's government intervened according to sources to boost the market today. they're saying that the chinese market was down with a modest loss with 50 minutes to go and then ended up 5.3%. china supposedly went into the equity market with big money buying blue chips. >> there's the chart. >> and you know why? they want the market better for the september 3rd celebration which we know there's a big military parade celebrating the world war ii victory over japan where there aren't many western countries going there because they think they're going to throw it in abe's face. restart some type of little tif with japan. but that's going to happen other september 3rd. >> this goes back to your theory about how on the premiere's birthday the stock market must go up. >> they did do that. that was a done deal. now you know where they're getting the money to do this. >> that's okay right? we want them to support their stock market. >> i'm a little actinxious that what they're doing is artificial it creates a whole thing. >> if we all try to support stock markets using governme
CNBC
Jan 21, 2016 6:00am EST
%. you see bigger gains in some of the other markets and that's what is happening in china. >> china down 3%. late selling too. try to stabilize but that's a pretty big move and i haven't seen below 2900 so that's scary. shanghai composite, lowest level since december 20th, 2010. the hang seng index dropped to a three year low. china sennal bank pumping money into the financial system ahead of next month's lunar new year holiday and the pboc offering more than $60 billion worth of short-term loans the commercial lenders of today. meantime in japan stocks were up nearly 2% at the high of the session before closing sharply lower. another late session sell off and then oil prices, we rolled didn't we -- >> yesterday was the last day of february. >> below $27 yesterday for the first time since 2003. down more than 25% so far this year. >> just remember, the markets didn't understand when it was falling down to 90. markets didn't get it. >> rebound? >> yeah, 90 is way too low. a slump in world financial markets fuelling fears that the crude supply glut is here to stay. in the february con
CNBC
Aug 12, 2009 6:00am EDT
one of the first country toes start raising rates because they're so tied to china. who knows whether -- china never really went negative. >> australia is tracking the dollar again. >> people say it's due for a rebound of 15% or so. it's a key factor, though, in the broader financial markets. lately, equity markets go up when the dollar goes down. it goes up with oil and that's not typically the way it should work. the higher commodity prices make a recovery less robust. so a lot of these weird linkages and we're not sure how they should play out. >> meantime, take a look at futures this morning. we had a difficult night overnight in asia. shank shanghai is off 10% since hitting that 15-month high last week. furchbs here, above fair value. oil has responded to that, the stronger dollar at some parts trading below $70. even though the inventory data yesterday was bullish from api. we'll see what the energy department says later on today. gold, as the dollar has gotten strong stronger, people are looking for gold to sell off a little bit. it's been fairly steady, off $1 today at $946.60
CNBC
Sep 9, 2015 6:00am EDT
immediately thought about around the world. but remember -- what goes on in china? what goes on in china right now. >> i don't think this was still happening in the united states. >> for port authority and government croanies. >> that was 30 years ago. >> remember hiring everybody's kids. it's all sort of -- >> it's pretty -- the question is whether the e-mails are going to come out. there's two other people under him, the government communications people who are clearly communicating on this. they actually killed the flight because they were losing money and then they needed the slots. >> it wasn't just slots. they were asking for a deduction on their rent. a deduction on the rent at the airport and a bunch of other crazy things and then asking for a discount on your rent and continuing flights to atlantic city where one of the law firm partners was running things and losing money as a result. >> sampson was a lawyer, right? >> but in the airline world i think this thing has been going on for a long time. senators wanting to get home from dc. look at the flights that go from dc el
CNBC
Sep 21, 2015 6:00am EDT
. i can list ten that i've heard. >> china. >> they're worried about exporters not being able to -- her' worried about -- don't think that that market turbulence, the vix didn't have something to do with it, weakness in the chinese economy, emerging market weakness if we raise. there are ten things that they -- they're so bogged down in the minutia of what they think they're doing now. >> they feel responsible for the global economy at this point, too. >> well, that's ludicrous. you're going to be stuck forever. it makes me scared that we have these people that have been appointed and that, you know, suddenly have taken on, you know, so much responsibility in their own -- legends in their own mind when that's why there should be a rules-based system. that's why john taylor is probably right. it's so subjective. you get some whacky person in theoretically. i don't know, dan. we'll see how history judges her. what if you got a total screwup in there able to do whatever he or she wants to do. it's a big job. there should be some type of oversight or rules going into it. nice market
CNBC
Jan 6, 2016 6:00am EST
region, eunice yoon joins us from hong kong and the key reaction has to be what china says about all of this because they have been the biggest supporters from north korea and i wonder what authorities there have to say this morning. >> well, china and the rest of the international community condemned this test. and they will be calling and summoning some of the senior north korean officials to lodge an official complaint. what was also interesting is when you guys were mentioning hyperbole north korean state tv says this test is a special achievement in it's 5,000 years of history. they also says this test was an act of self-defense against the united states and the international community condemned this test and did, in fact, unnerve the markets out here. we saw markets already royaled because of some of the volatility in china this week and also the action going on in the middle east. it fell to a four month low. there still is no independent confirmation, though of the north korean claims. the pentagon has said that they're investigating the matter as bill neely was reporting as
CNBC
Feb 16, 2016 6:00am EST
, by the news from china. >> what do we think about this? i saw the rally in oil prices on friday. basically a rumor that you were going to see something like this. if it's contingent on iran and iraq both playing along with it, that raises all kinds of questions. >> seems to be the same caveat we've heard over and over again. iran has -- they've walked back some of their more explicit talk about ramping up production. still, they're so eager to get back in the markets. and iraq is desperate too. >> let's not forget iran boosted output a month ago by 500,000 barrels a day. if saudi arabia and russia and whoever else want to get together, they need to get iran in the room. and let's not forget that a freeze is not the same as an output cut. if demand grows, then theoretically supply-demand will come back into balance. if demand slows because of china, the freeze leaves the gap where it is. oil is still under $30 a barrel. >> and below where it was a week ago. >> something else was they had seen production come offline. not nearly as much as you would have expected. in fact, here in
CNBC
Oct 1, 2014 6:00am EDT
coming up at 7:30. in the meantime, the markets in china and hong kong are closed for a public holiday. susan lee joins us with the latest. what does the theme look like at this point? >> well, you mentioned the day. it has special meeting in china and this year, 20, marks the 65th anniversary of the founding of modern communist china. here in hong kong, a whole different atmosphere this year. the 350e78 behind me are looking for the chiet to choose their own leadership. they did raise their flag this morning amid high intentions, more road closures. tonight we are looking for a lot more people to come into this main protest. this should be the biggest night of the six days of protests that wove seen. 250,000 are expected right here in this main heart, the main artery close to the government house and the central business district. it looks like the police have backed off so far, but tonight we'll be watching and monitoring the situation. there were supposed to be fireworks displays as there were each and every year in celebration of october the 1st, but that has been canceled because
CNBC
Sep 22, 2015 6:00am EDT
swings won't stop needed reforms. meanwhile, he is calling on china to keep it's economic commitments. he says beijing should set it's sights on policies that will further it's reform agenda such as targeted agenda and they should be subject to upward pressure that would drive the currency up and not just down. we'll see what he says out in seattle to the ceos and what they're looking for and then of course what the president says to him when he arrives in washington. >> they're not, the pope and the chinese guy -- >> everybody hanging since they're in the same place. a little cocktail party. >> pope does love communists, too. i don't know, they're here at the same time. seems like they might run into each other. >> this is some incredible ignorance. in cuba they practice communism but there's a lot of religious people there. >> now but for a long time it had to be an undercurrent. >> i thought that was the basics of communism. >> it will be interesting. a lot of traffic. the pope will be here at st. patrick's -- >> thursday. >> which is right over there. >> a couple of bl
CNBC
Jun 25, 2013 6:00am EDT
crunch. at a news briefing after the markets in china closed today, the official also argued that recent interest rate volatility in the nation's money market there temporary. that's what they're saying. stocks in china as a result of some of those comments pairing their losses into the end of that session, actually, rather on rumors of that expected news conference, and the shanghai composite closed down 0.2% after plunging as much as 5% earlier in the session. the index still, though, of course, in bear market territory. >>> back here in the u.s., prepare for a packed economic agenda today. at 8:30 eastern, we'll bring you may durable goods. then we have the s&p case-shiller index, the fhfa house pricing index. may new home sales, june consumer confidence and the richmond fed survey. and that's all hitting the tape just by 10:00 eastern. so, we have got a lot to get to. i'm going to send it over to scott in the meantime. scott? >> andrew, thanks so much. >>> in other market headlines, a number of prospective borrowers shelved deals to raise new capital or refinance debt yesterday. sudd
CNBC
Oct 23, 2015 6:00am EDT
2.1%. stocks in china as well up at the shanghai composite. if you want to check out what's been happening with oil prices check out wti this morning. slightly higher up by about 16 cents. 45.54. around $45 barrel for wti. take a look at the bond market today. the two year is yielding at 2.055% and in the currency markets this has been a lot of activity. the euros have been the number to watch since draghi started talking yesterday. euro fell 2% to a two month low yesterday. that was at 111. it's sitting there today at $11107. down at 12051 and take a look at gold stocks. you'll see that right now gold is up by about $6. >> let's get back to the tech earnings parade. we've got amazon and alphabet and microsoft all spiking after reporting earnings here on the set is the internet analyst and covers alphabet and amazon. i'm wondering how you're suffering with this issue and then covering microsoft is the managing director of software research at griffin securities. i want to do microsoft in one second. to me what is interesting is connecting what's happening at google -- at alphabet
CNBC
Sep 18, 2014 6:00am EDT
biggest ipo is on. we'll ahead to china to find out why allibaba is so popular and how it's bringing millions of dollars to the users on the mainland. before we head to break, here is a brief look at what exactly alibaba is all about. >> former english teacher jack mob founded the alibaba group utah of its apartment in 1999. it's now china's largest e-commerce company, connecting 279 million buyers with 8.5 million sellers. alibaba customers have spent nearly $300 billion. more than ebay and amazon combined. the website brings in the most cash from businesses selling everything from -- to pet supplies, from halloween costumes to sex toys. the other cash cow is a virtual mall. alibaba also owns part of the shipping company used to deliver the products it sells and a payment service online shoppers pay. issuing loans and even money market funds. but even though alibaba's online mer chance ves sold four times as much as ebay, they bring in less revenue and what alibaba is really offering in their u.s. ipo is shares of a variable interest entity, which means the u.s. investers won't own
CNBC
Sep 25, 2015 6:00am EDT
topping estimates despite fears of a china slow down. sales there soared 30%. nike is calling the china numbers amazing. by my calculation, there are 2.8 billion feet in china. that's a huge market. bed bath and beyond posting earnings and revenues in line with estimates. also announcing a 2.5 billion share buy back and shares of jabil beating the streets on the top and bottom lines. marvell technology going to reduce by 17% as part of a restructuring of the mobile business platform. >> janet yellen's comments driving today's market conversation. >> it will likely be appropriate to raise the target range to the federal funds rate sometime later this year and to continue boosting short-term rates at a gara gradual place there after as the labor market improves further and inflation moves back toward 2% objective. >> joining us now, he is rbc capital markets chief u.s. strategist and jonathan, our take on is is that the fed sounded dovish last week when they decided not to raise rates. it seemed to me like she came out with a much more hawkish stance yesterday. what's your take? >>
CNBC
Sep 22, 2017 6:00am EDT
toughest sanctions yet on north korea china also stepping up sanctions against north korea. the white house saying the peoples bank of china has now ordered all chinese banks to stop doing business with that nation a lot more on the north korea threat in just a couple of minutes. separately, news breaking a few hours ago that iran's president said his country will strengthen its missile capability without seeking permission from the international community. one report says the country unveiled a new ballistic missile capable of carrying several warheads a live report coming up in a moment. joining us now -- let's do it right now, joining us on the squa "squawk" news line from tehran is ali arouzi. good morning >> reporter: good morning. president rouhani after returning from the u.n. general assembly attended a massive military parade in tehran where he said iran will strengthen its missile capabilities they won't seek permission from any country to do so that is a reference to u.s. demands that iran curb its missile program and to reinforce the statement the revolutionary guard durin
CNBC
Dec 5, 2016 6:00am EST
about china devaluing the u.s. currency and militarizing the south china sea. he talked about all the things in china. talk about a main stream advertisetizzy. on friday president-elect donald trump accepted a call from taiwan. we'll have much more on china's reaction in. >> we have given them billions of dollars in defense products every year. >> i just can't believe that anyone would -- they told us not to do that, steve. what is this? what kind of world are we living in? >> i don't know. you tell me. do you feel as if -- >> when i see a new york times headline about how phenomenal it was that opened up dialogue -- when that is celebrate in the media, and this is suddenly, oh, my god! how can we do that? >> did he talk to a democracy? terrible. >> you're outnumbered. just like that show -- why don't you go. >>> the president-elect sending warnings to companies considering a move overseas. here's what he tweeted, quote, there will be a tax on our soon-to-be strong border of 35% for these companies. and the companies are those that move stuff overseas. joining us now, derek scissors,
CNBC
Jun 21, 2013 6:00am EDT
cup is coming. china, you worry about, too. here's gold. what we saw yesterday. i think a lot of people would not have believed it would have a 12 handle ever again. it tdoes. some people we've heard 800. if you look at that chart. >> look at that drop this year. >> it's almost -- that was before we started thinking they were fwoigoing to taper. some of these markets are really smart. collective wisdom. for whatever reason gold has not been the place to be. silver, which was -- people were buying it at $30 an ounce. >> that was an even steeper ee decline in percentage drop. >> under $20 right now. one thing i never thought i would be happy to see oil hold up. but you would think that maybe the oil market would be one of the markets that would be most sensitive if we really were going to see the globe slow down a lot from the wealth effect losses we're seeing. 95 makes me think things are pretty healthy. >> ron baron, he has a pretty calming voice. i wondered how he felt yesterday after all this. >> it helps to be worth a couple billion dollars to be calm. >> you know what he said
CNBC
May 9, 2013 6:00am EDT
number of workers in china by up to 40% in the second half of the year. the company is an assembler for the i foed phone and ipad. the news is fueling market speculation that another cheaper iphone is on the way. we've been talking about that for a long time. >>> finally, jpmorgan says federal energy regulators are now investigating some of its bidding practices in the power markets. the company received a notice in martha federal energy regulator commission staff intended to recommend the action by the commission. last week, you might remember, we talked about it, the "new york times" reported that the government investigators are found evidence of that unit manipulating trading in california and it was one of the big names mentioned in that case. joe, over to you. >> all right, andrew. when you get over here, we're going to bring out the jamie dimon -- i'm going to bring it up today. >> you're going to bring it up today? >> yes. >> but i brought it up in the makeup room. >> if i think it's worth bringing up, then i'll -- no, but there was a piece in the "new york times" by our fri
CNBC
Jul 15, 2015 6:00am EDT
on china. the expectations for a soon to open shanghai theme p next. and jamie dimon is going to join us and first as we head to a break here's a look back at this date in history. ♪ a new season brings a new look. a chance to try something different. this summer, challenge your preconceptions and experience a cadillac for yourself. ♪ the 2015 cadillac srx. lease this from around $339 per month, or purchase with 0% apr financing. kids are expensive. so i'm always looking to get more for my money. that's why i switched from u-verse to xfinity. they have the most free on demand tv shows and movies on all my devices. it's perfect for me because my kids are costing me a fortune. i'm going to cabo! [ music plays ] don't settle for u-verse. xfinity is perfect for people who want more entertainment for their money. >>> she caught up with the company's ceo bob aiger and has an exclusive interview. good morning eunice. >> this was one of the most important projects we were involved with as a company. china represents great opportunity for the walt disney company. it's a huge priority for u
CNBC
Aug 14, 2017 6:00am EDT
china trade practices, has to do with forcing them to turn over intellectual property. president trump's national security adviser suggested the action signals a tough new approach to china. said the u.s. isn't looking for a trade war. >> the operative word is not punish, operative word is to compete effectively, demand fair and resip ro cal trade and economic relationships with not just china but all countries what the president is doing is everything he can to ensure a fair playing field, make sure the american workers and american businesses are not disadvantaged by theft of intellectual property or unfair trade or economic practices. >> china run newspaper says crackdown on trade practices would poison relations between the two countries. >>> corporate news, uber is considering three investment offers to buy company shares "new york times" reports the board voted to move forward with proposals from two investment groups and is considering a third offer. uber voted to take the next step from softbank. the board okayed going ahead with proposal from coalition led by dragoneer,
CNBC
Jun 30, 2016 6:00am EDT
for coming in. >>> when we return we get a new reed on the china economy. the numbers are surprise comply up beet. we have details about that straight ahead. we'll also take a little clinton trump on that issue as well. ♪ amazing sleep stays with you all day and all night. sleep number beds with sleepiq technology give you the knowledge to adjust for the best sleep ever. don't miss the lowest prices of the season going on now, with our best-buy rated c2 queen mattress now only $699.99. know better sleep. only at a sleep number store. >>> welcome back to "squawk box." the yawn is trading at the lowest level in more than five years. joining us now to talk china trade. i want to talk to you about clinton and trump's position on trade with china because you've heard a lot from them recently. miller is here. you say the numbers are better than we expected. >> yes. after six months of seeing some of the worst numbers we've ever seen, things look better. it's clear on quarter improvement. the mixed picture on year, but on quarter. >> where are the numbers wrong before and we're getting
CNBC
Aug 4, 2015 6:00am EDT
people have been he vak -- evacuated. stocks in china surging on new rules to crack down on short selling. one would prevent borrowing and repaying shares on the same day. mark made comments earlier today on cnbc. >> they are desperate to try to keep this market up. and they're trying every rule in the book to do that. unfortunately as you know the more they do the more uncertainty is imposed on the market. >> something we have long discussed on this show. the government trying to prevent a collapse of the country's markets which lost nearly 30% since june. the news helping to spark a rally today. a gain of more than 3% in shanghai and shenzhen we have seen the imagine higher by nearly 5%. keep in mind you go down 30% you have to go up a lot more than that in order to recover. here's the greek stock exchange. market there open for a second straight day after it's five week closure. down by only 1% today after the big pummeling it took yesterday after reopening and the u.s. futures at this hour suggest that we're going to have slightly negative open. the dow lower by 15 points and
CNBC
Jun 3, 2013 6:00am EDT
sell-off on wall street and renewed worries about a slowdown in china. the nikkei snapped a nine-month winning streak in may. that had been its best run since 2006. in other asian markets today, you can see that the south korean kospi fell below the 2,000 mark. in australia, stocks ended at a ten-week low. the hang seng was down by about 0.5%. shanghai composite barely budged. and in europe in the early trading this morning, you can see right now that things are weaker, but these are modest declines, relatively speaking. the biggest decline is the dax. down by 0.7%. the ftse down by 0.4%. the u.s. equity futures here after the big declines late in the day on friday, dow is higher by about 55 points right now. is s&p futures are up about 4 points. here is a quick recap of the main market story. we had told you that those gains were substantial at this time on friday morning. we did see a big drop, 209 points on friday. that was the biggest loss since april 15th. still, if you're looking at the month, the s&p and the nasdaq have had now seven straight months of gains. that dates ba
CNBC
May 11, 2016 6:00am EDT
actually happening as we speak. that's 33 million people a year and china's interesting. tell me about china. >> we did a real deep dive on shanghai. i think it's going to be one of the biggest resorts, if not the biggest park that we've seen in the world. we really don't think it's going to have any equity value to the earnings. part of the reason is that the chinese government ends up getting 50%. >> it's the sharing mechanism that will be part of it it. does this help it? >> it's the sharing mechanic amount. six out of ten years they don't generate a profit in the international parks. >> paris, paris, paris. >> i think what china's going to represent is a doorway into a large market. it's going to be the largest film market out there. it's going to be a way to promote your brands. >> like a president trump with the 50%. for he builds a wall in shanghai. >> i thought they had a wall in china. >> yeah, they do. i haven't been there myself. >> thank you. >> all right. >>> coming up, richard fisher at the top. hour we'll be joined by david novak, executive chairman of young brands. keep
CNBC
Aug 19, 2015 6:00am EDT
stories we're watching today. china's wild and scary ride continuing, volatile perhaps not a strong enough word to describe the session. the shanghai composite dropped by 5% early on but then closed up by more than a percent. they point to government backed buyers as catalysts for the turn around as well as rumors that china's central bank might be ready to cut the key reserve ratio requirements for banks. german lawmakers are voting on a greek bailout. the legislation is expected to pass despite a growing rebellion within chancellor merkels on party. more from our colleagues in europe in a few minutes. back here in the states the consumer remains front and center among the companies set to post their earnings today, target. that retailer up about 4% so far this year but down over 4% over the past month. >> let's talk about stocks to watch today. yum brands announcing new leadership for its china division. the company veteran is being named ceo of the group. this comes as activists lobby for yum to spin off china business. also take a look at analog devices. it looks to be a winner
CNBC
Jun 12, 2017 6:00am EDT
things happen in china down crazy things happen in china town don't go down there. j.j.giddis >> i'm aware >> thank you chris and kevin it's monday. i think i'm still from the party breathing alcohol. >> margaritas? >> from friday night >> from friday night >> the liver -- >> have to drink water >> i did tried everything >>> when we return, crude in focus bouncing back after a slide of more than 3% last week. we have an analyst who will join us next to talk about it >>> sanofi and regeneron say ♪ it's been over 100 years since the first stock index was created, as a benchmark for average. yet a lot of people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? why invest in average? track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control.
CNBC
Jul 1, 2015 6:00am EDT
and china. for whatever reason i think it's because you add apple to the dow. you're asking for it. anyway, let's check on the broader markets right now and that's a pretty nice snap back and it's weird because who knows whether this guy -- he keeps moving the goal posts around. >> the tsipras guy. >> this is incredibly interesting. >> but the wild conditions when you come to him you could say we want more time to pay you back but we're going to pay you back in lyra. >> we'll talk with michelle about this in a minute but some of the conditions are to put off pension reforms. lower the value added tax or some of the other taxes insanely high but you have to make the structural changes in order to get this economy in a position where it does match up. >> prior to this i don't know if you saw the result of this new poll out where they polled the people there who unless he changes his mind were prepared to actually say no. >> what was the poll? >> 54 or more -- i think it was 54 or 58%. you never know about polls but for the first time it looked like they were prepared to follow his le
CNBC
Oct 19, 2015 6:00am EDT
. security firm reporting that china actually tried to hack at least seven american companies in the three weeks since that key meeting you'll remember between washington and beijing leaders from the two countries which it agreed not to spy on each other for commercial reasons. security firm crowd strike said its software detected and rebuffed these attacks. also, high profile of bribery allegations against walmart's mexican operation found little in the way of new major offenses. "the wall street journal" says the three-year on u.s. investigation likely to hand in a smaller case than expected. investors did say they found evidence of bribery in india as part of that same program. the retailer is said to likely face u.s. foreign bribery charges under foreign -- >> following on this one that we're going to -- >> that they're worth more? >> widespread. horrific bribery down in mexico. >> there was horrific bribery down in mexico. there weren't additional bribery. >> they didn't find nearly a big a risk as you made it out to be. maybe the india thing will blow up. those are very small potatoe
CNBC
Apr 25, 2016 6:00am EDT
number one luxury automaker in china. and its sales last year rising more than 13%. this has now become the top market for mercedes. so they were very proud of showing off this store and talking about it last night here in beijing as they unveiled the new e-class. the extended edition of e-class, what they call the long-wheel base because there are so many people who have chauffers over here in china. and we also had a chance to try to catch up to the ceo asking him if he had a comment regarding the department of justice probe into emissions standards at daimler and whether or not there are irregularities. we weren't very successful. here's what he had to say. a lot of americans are asking about the doj investigation. >> and that's where we walk away. >> reporter: the executives were very clear saying we are not talking about this doj probe into the emissions standards for daimler vehicles in the united states. so this mercedes dealership, there are a handle of them around the world. i wouldn't be surprised if eventually you see it somewhere like in manhattan. >> phil lebeau in beijing,
CNBC
Apr 7, 2017 6:00am EDT
relationship with china and north korea and the relationship with russia. that's what this ultimately turns into in terms of gaming out what's next. >>> in addition to focusing on what's going on in syria, the other number we'll get in the united states that folks are looking for is the march employment report. that will come out at 8:30 a.m. eastern time. forecasters expect 175,000 jobs added. the unemployment rate holding steady at 4.7%. >>> our top story this morning, the u.s. military attacking a syrian government airfield. 59 tomahawk missiles last night. the strike was in response to a chemical weapons attack on tuesday. here's president trump from last night. >> on tuesday, syrian dictator bashar al assad launched a horrible chemical weapons attack on innocent civilians. using a deadly nerve agent, assad choked out the lives of helpless men, women and children. it was a slow and brutal death for so many. even beautiful babies were cruelly murdered in this very barbaric attack. no child of god should ever suffer such horror. >> for more on the air strikes, matt bradley joins us now fr
CNBC
Oct 22, 2012 6:00am EDT
economies due to a fight with china and weak global demand. and bp says it has not yet reached that agreement on the sale of its 50% stake in tnk. bp and rosneff reportedly preparing to announce a deal worth more than $25 billion. could give the british oil company a stake of between 16% and 20%. we've been waiting for that transaction to cross the tape, but it has not been announced just yet. mr. kernen, how was your weekend? >> it was good. i read the top date on on the journal and i checked the date. almost reads identical to last week. i was excited the first time and actually just as -- >> how excited? >> i was so excited i have a lot of it was so hot that -- but i don't have any it was so excited. but could i come up with something. probably be dirty, though. so let's not. corporate headline, ancestry.com is reportedly set to be acquired by an investor group being whether he had by a european private equity firm. the "wall street journal" puts the price at $32 a share or $1.6 billion. why isn't deal book reporting? >> i'm not sure. i don't know. >> so you're make fun of what w
CNBC
Sep 11, 2013 6:00am EDT
president said that the u.s. will pull off a military strike and work with russia, china and american allies to force syria to hand over its chemical weapons. but he also made the case for action. >> this is not a world we should accept. this is what's at stake. and that is why, after careful deliberation, i determined that it is in the national security interests of the united states to respond to the assad regime's use of chemical weapons through a targeted military strike. >> supporters in congress are pledging to cautiously back the president's pursuit of a new russian-led diplomatic solution. but critics are slamming the speech for what they call a haphazard response. >> we fail to see its national security interest in a war twren a leader who gases his own citizens. >> john harwood is going to join us with more in just a few minutes. we have joe watkins and jimmy williams. they'll be joining us at 7:00 a.m. eastern time. then a number of perspectives from capitol hill. senators heidi heitkamp and john barrasso will join us at 7:40 eastern time and then senator bob corker will jo
CNBC
Dec 11, 2009 6:00am EST
boost from robust economic data coming from china that showed the economy on a brisk path to recovery. china reported that industrial growth in november grew at its fastest pay in 2 1/2 years. a sign of robust domestic demand. the china didn't prompted investors to boost the currency. the nikkei surging 2.5%. that data from china allowed hong kong to recover from five straight days of losses. the hang seng was up almost 2% in the morning ahead of the gains to close 0.9% higher. china, however, did get a boost, but fell on concerns about new share supplies. that limits the gains. the shanghai xot composite at the end sliding 0.21%. >>> when we come back, the markets near break even for the week. today is going to put wall street back into the green possible. ♪ do a little dance sun life financial has never taken government bailout money, yet no one knows our name. ♪ get down tonight that's about to change. so you'll pay for the tour, but i have to change my name? no, you're still kc, but from now on, they will be the sun life band. it's funky. sooner or later, you'll know our name.
CNBC
Nov 12, 2014 6:00am EST
demand in china beyond a certain level, you get a very bad situation for the market. but the other story, you have low oil prices, low energy prices which provides a boost to your income and if that happens in the context of economies which are growing still, i do think that we will see the possible effect from that. >> if you were not the economist, but the market -- >> the santa claus. >> will there be a santa claus rally clause? >> i think so. >> you're not really the stock guy, but your name is clause. >> he can make market calls. >> but you did ask me and -- i did, yes. >> i'd say given the kind of recovery we've seen from the lows, this was a classic correction. we see in this market was a very, very strong bull market. you get a correction. people say now it's different, now the market is going -- this is different and the market just -- >> you've done tv. you came in here. thank you. >> thank you. >> i'm going to go with you on this. >> you've got a november, a novem-beard. >> november and december are typically good months for the market. >> yes. >> we're sitting at about
CNBC
Jul 29, 2013 6:00am EDT
china looking weak and our supply increasing substantially that the price is at the high end of the range. >> oh, i mean, we're at a high end of our range. two months ago, a high end of the range was $95. now we're looking at 10 -- 105, 108. >> people in the past said it was qe. i think it has something to do with qe. also, wealth manage. when you see hedge funds decide something is going to go up, doesn't it go up? >> at lowest a period of time. >> gold, too. >> you tend to get, obviously, when there is a concentration of wealth. when there is a leveraging, obviously, you tend to see an asset class move one directional. i think over the long term, it will be the fundamental also. >> on the qe piece the dollar is up and commodity prices excluding oil are all down. you know, the whole complex outside. >> something else is going on with oil. >> it's another way. >> the other way. >> let's not forget, a lot of things, this whole issue about refineing in eight years. so the whole notion is part of this demand for oil are high is there is demand for fine products. that's pushing oil up i
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