i am brian sullivan. thanks for ending your week here let us start with how your money is shaping up. futures are lower right now. it looks like a continuation of steep declines the s&p 500 snapping the four-day win streak. 85% or 85 of the nasdaq 100 dropping yesterday the so-called work from home trade getting hit hard citrix systems, zoom all falling back in the pre-market with stocks down, what has been working? gold gold just keeps running higher in fact, the highest trade up again today. 1,894. we'll dive into the gold rise later in the hour. let's see how the rest of the world is doing on this friday. for details, here is juliana in london >> good morning, brian we have a lot of red on the board here in europe as stocks opened up sharply lower. stoxx 600 currently trading 1.8% down we have bounced off the lows a bit of stabilization coming through. certainly a weak start to trade. this comes after a weak hand over from asia where stocks took a very sharp move lower. u.s., china tensions weighed on

from here in the states, i'm brian sullivan kicking off with the big blue. no real rbi today. let's call this the rbi. ibm is up some 5 in the pre-market if the gains hold there on ibm and they may not if they do, that could ad 45 points to the dow at the open. ibm your rbi it is very rare that ibm rises after earnings according to our own earnings guru, this is the 23rd eps beat. up bigly we'll call it ibm, your rbi and you are making investors today a little bit of dough. >> 70% of the time in the past five years, your stock appears to be down after earnings. this is the eighth straight quarter where sales are flat down on the year to those highe futures, the nasdaq showing gains right now. with the move yesterday, the s&p 500 is nos now positive on the year seemingly impossible to believe but up more than 1% when you include dividend payments. let's be clear, it is not about the s&p, it is about technology. the nasdaq overall surging 2.5%. another record close, 28th of the year that move doesn't even begin to tell the story amazon up nearly 8%. t tesla more than 9% microsof

i'm brian sullivan about 5:25 a.m.e united states futures are mildly higher but gaining some speed over the last 30 minutes maybe a good sign for investors across all the major indices that green is positive given the speed of the move down around 2:00 p.m. eastern yesterday. more than 500 points erased in about an hour's time nasdaq ended the day down after surging 11,000 on the upside amazon, facebook, nvidia all hitting new highs. that reversal likely caused by news out of california late in the day that it will roll back reopening imposing new restrictions on theaters and bars and also this, students los angeles and san diego unlikely to return to the classroom in the new year. not just big technology. there are a number of stocks under the hood that have hit highs as well. names that don't get a lot of attention but maybe should dominos, general mills the companies that help us eat, they put stuff on store shelves and get stuff to us. look at that, hidden gems. not named, the faang stocks. >>> new this morning, de

welcome back to the show i'm in for brian sullivan today.se gains hold into the opening bell the s&p by about 42. and now that positivity is also translating into treasuries as well people are selling the safety of u.s. government bonds pushing yields higher. the benchmark 10 year note yield around 69 basis points or .69% the 2 year note yield arou around .16%. as for the global markets, europe, again following asia's lead seeing plenty of green across the board as you can see there. shares in mainland china are surging with the shanghai composite soaring 6% you can see the european trade following suit as well leslie is back with some of those. let's start with facebook this morning. this social media giant grapples amid calls for the company to do more so crack down on hate speech targets higher starting minimum wage is now officially in effect as of saturday the company will pay workers at least $15 per hour the retailer first announced plans in september 2017 to raise it's minimum wage to that amount by the end of this year. >> new york

i'm frank holland in for brian sullivan let's get right to the markets and take a look at the stock futures this morning it's been a wild week on wal ve street today it looks like the dow could open down as much as 150 points amid new concerns over covid-19 but the nasdaq, its run keeps on going. leading to another new record high it's 26 for the year on pace for the third weekly gain in three weeks. now to the global markets. karen tso. she's in our london newsroom with more on that. >> good morning. it has been a weak finish for those asian markets today. negative news coming out of hong kong with fresh coronavirus cases. 38 new cases local transmission and decided to close schools again from next week that throws cold water on these markets. and the rest of the markets to be very much focused on the bull run for the chinese market take a look at this. a lot of investors piling into chinese stocks this week and that has taken them to the highest level in five years. it's been an extraordinary run there's a lot of championing to buy into this market as we close out the week, the opposite t

brian sullivan is on the ne news line. the fact that this is coming from berkshire, tell us everything that's on your mind >> hi, by the way, kelly this is a big deal warren buffett will get the headlines, and as i sort of joked internally last night on e-mail, i said, uncle warren wants to keep us warm, because part of this purchase are these natural gas and storage outlets that are being filled right now that will heat much of the northeast in the wintertime. that's a big part of it, recurring business, heavy cash, the kind of thing berkshire likes. i say berkshire and not buffett for a reason keep your eye on greg abel this is him picking his head up, and we talk about buffett's and berkshire's ultimate successor plan you've got abel squarely in that mix buying up these assets they were supposed to build this atlantic coast pipeline. after eight years they've given up on it, kelly, and they realize they need to get out of it who is available for a fast cash purchase mr. warren buffett >> so it is directly tied to the pi

are watching "worldwide exchange" right here on cnbc >>> good morning i'm dominic chu in for brian sullivan here's how your money and the global markets are setting their day up with stock futures relatively muted you can see at the opening bell we could be up 35 points for the dow. s&p 500 up roughly 8 points implied and the nasdaq up by about 52 that's if the futures moves hold before the opening bell for regular cash equities trading. this after the dow fell nearly 400 points yesterday the s&p 500 shedding just over 1% there as well snapping its five-day winning streak. you can see the movement throughout the course of the day. falling off towards the closing bell. >>> turning now to the bond market the yield on the benchmark 10-year note yield is slightly higher you can see 65 basis points or .65%. 2-year note, .16%. 30-year 1.38 let's go worldwide karen cho is live on the worldwide market >> losses yesterday, losses on wall street. roughly down .2 of a percent the ftse has minimized the losses as you threw it over to me, we popped into the green briefly. the market with the stimulus me

i'm brian sullivan for the cnbc business report. >>> let's get a live look outside in the south bay as we start out on this monday morning. you're going to enjoy a much more comfortable day. >> kari, we had a few heatups on the roadway. a couple car fires, we're checking on one in the south bay. we have the north bay with reports as well coming up. >>> and good morning you to on this monday morning. taking a live look out at san francisco. the pyramid there. the lights aren't on like we're used to seeing thment . this is a good question and answer thing for me. the lights is off. is that because people aren't working there or is this normal? i haven't seen that in the last three years. >> it's sleeping. >> the camera is just dim. yeah. it's actually the camera. kind of iris down so it looks darker. but it's not actually not lit up. >> i was going to say, no, we should just go back to bed. you know what, folks at home, do you that. >> exactly. >> all right. look, walking outside this morning, a little warmer for us, kari. >> yeah. starting out this morning in the low 60s. but you'll be

this is "worldwide exchange" here on cnbc >> good thursday morning i'm brian sullivan the busiest day of your earnings season the busiest day of the nasdaq even with those big tech ceos being raked over the coals again, it is early we are in the red right now. while also staying hot has been the yellow metal gold is up close adding the 2,000 mark we are down to 1,945 per ounce indicating the recovery will be at risk. not only keeping rates low but will likely do whatever p it takes to make sure the american economy is propped up as much as possible that could be bad for the u.s. dollar and good for gold u.s. futures are down. let's get to some of your trades around the world and top stories. this is "worldwide exchange," i am told. let's go worldwide julianna tatelbaum, i think they call that a sea of red >> it wasn't a sea of red to start. we kicked things off the optimism didn't last long. you guys facing the busiest earnings day of the year all together, the main benchmark down 1.3%. we are seeing pretty substantial move tied to the earnings. we are seeing big moves in the ar o aer

i'm brian sullivan it is 5:31 here is how your in investments and money looks right now. they are up 10 points. they are up 10 points in the green after major averages logged their best in decades and capped off a four-month win streak best quarterly performance back in 1987. s&p 500 up by 20%. nasdaq best gain since 1999. up more than 30% the russell 2000 gaining 25% since april 1. small cap best quarterly gain. in that time, a little company you might have heard about called apple carried the dow higher >> the second gains overall. the dow coming off the worst six months since the 2008 crisis, the s&p announcing the worst first half of the year where we have started our conversation with christopher ailman at calstrs. we asked what he thinks of the stock market after the wild first half of the year >> you know, it has been the most challenging first half of the year that i have ever seen the stock market has given us a v yet the real economy seems to be in a sloppy u or w pattern. expert traders or long termare baffled by traders we are going to be underweight equities

this is "worldwide exchange" on cnbc >>> welcome back good wednesday morning i am brian sullivan.are about half way through the 5:00 hour investors bracing for no doubt another busy day of earnings microsoft, tesla, chipolte, csx and of l.a. sands reporting. capital one did top expectations but revenue did fall short the stock right now is down 4 dat -- 4.5%. texas instruments offering third quarter guidance slightly above estimates. not a lot. up 1%. this is maybe the story of the day in a heavy news cycle. you've got to watch this space a bizarre breaking story out of texas. the u.s. is ordering china immediately close the consulate in houston china calling it an unprecedented escalation of tensions and that the move will necessity an equal response. in a tweet, the editor and chief of china times, a state-run newspaper said the chinese have 72 hours to evacuate why is the u.s. forcing them out? we don't know but the news does follow reports of a fire this is right downtown apparently on the roof where it looked like consulate workers, delegates perhaps were burning what appeare

hours hold this is tuesday, july 28 on cnbc >> good morning, good afternoon, good evening i'm brian sullivan good tuesday morning will today be a follow through like everything did on monday. it is early. dow futures are up about 33 points stocks and gold rising gold adding 2% highlighting up another 8% yesterday. that is a new record high for gold 1,931 an ounce check the etfs that track these moves. maybe you don't want to load up a wheelbarrow with this. the gdx gold minor also at january 2013 highs as well not to be left out because everybody is a day trader now, right? robin hood users get in. let's check on the action since january as well as the slv that is the blue line there is the robin hood holders gold is the price. it goes back about two years you can see on the far right, a big jump in the number of robin hood users buying or holding that etf it has become maybe, i don't know, the new nicola or tesla and it is metal. around the world, mostly higher in asia as well. let's begin your morning news in america's financial capital and of course washington, d.c. senate republicans unv

i'm brian sullivan nice to see to you end out your week we are half way through the 5:00 hour it's going to be a big day for the markets. nasdaq futures are on fire up 200 points. not only up 1.1% it's a rare day where nasdaq futures are up on a number, a nominal basis. up a triple than the dow the nasdaq is where it is all going to be today and where it has all been implied open up 1.8% i rescind that triple comment because it is expanded more since the beginning of the show. major averages are still on pace for the fourth trait month of gains. the market has rocketed higher off those lows it is not just stocks. gold on pace for its best month for january 2012 breaking news out of ueurope, eurozone gdp plunged by a record in the second quarter. not a stun to anybody. >> the four horseman of big tech same companies whose ceos were grilled by congress. they obliterated estimates with their numbers. the stocks with the exception of google are responding. three of those four are posting big pre-market moves look at that apple, maybe the most important as far as waiting stock in america. up

i'm brian sullivan another day, more records? could be futures are higher up about 80 points nasdaq futures are up just about 1% all this after the dow closed above 27,000 capping off a three-week win streak as it stands right now very early or late wednesday morning, the dow and s&p 500 are on track for four-week win streaks. if we get that, that would be the longest weekly win streak for the dow since november 2019 and for the s&p 500 since december 2019. now an even better one for you some good data there you might think it is all about the big five faang names maybe not. take a look at the number of consumer stocks trading at all-time highs best buy, chipolte o'reilly auto parts. you want to fix up your house, fix up your car, buy some feed and feed yourself a burrito and watch your new 80 inch tv? >> and tesla reporting the fourth consecutive quarter of profits after the close yesterday. which means tesla can now be considered not an automatic but considered for inclusion in the s&p 500 index. that would be huge and maybe on

let's get to brian sullivan with more brian? >> all right we have a deal and the numbers coming out ahead so let's get to the deal first chevron buying noble energy. there is an ne this is nbl for $13 billion total. they're assuming some debt noble is going to be taken out at $10.50 a share. so a little pop for that stock this morning keep this in mind, this was a $75 stock six years ago. chevron got outbid they're happy about that now so they're am coming in and scooping up a big on shore driller to get in texas and colorado they're getting equatorial ginia. they're going up a bit on the results side, i wouldn't call them earnings, halliburton, a narrower than expected loss. the stock actually rising a little bit today despite numbers being pretty much every metric being weighed down it's not as bad as people thought and there was sign of optimism amid gross margins in the projects that do continue. narrower loss. a big energy deal as well. of guys? >> brian, i have to -- fascinating deal, as you sid the biggest take away thoug

i'm brian sullivan i hope that you're having a good start to your week it's 5:26 and here's how yourey and investments look right now. let's check it out dow futures are higher right now. the nasdaq posting the first two day losing streak since may. can you believe that the first two day losing streak. i don't know down day after day for the first time in a couple of months the s&p 500 once again negative for the year don't include dividends. if you do its still positive either way but that is a backdrop it's going to be a big week for your money maybe the busiest and most important week of the summer why do we say that we don't take it lightly among major events this week it will easily be the most packed earnings weeks of the season 167 s&p companies report those include 12 dow components. apple, amazon, boeing and exxon and more also today, senate republicans are likely to unveil their latest stimulus proposal timing all but assures that congress will miss the deadline to extend the $600 per week enhanced unemployment benefit which expires on friday. they could again be talking ab

meg terrell has updates on the coronavirus and brian sullivan is covering warren buffett's new bet on the energy space. bob, let's start with you and the markets. >> yeah. the important thing about today is we're up nicely but we're up on lighter volume it is deteriorating a little bit from the earlier part of the day. we're once again falling back upon dependence on the mega cap tech names technology, computer services, consumer discretionary all of them tech oriented or continuing to lead the overall market consumer discretionary as i mentioned, banks still on the upside not as much as the overall market energy has fallen back that was an early leader i keep mentioning the mega caps every single day they're the main force driving the market when you have four or five stocks that are close to 20% of the overall market capitalization with amazon up 4%, 5% in a day, that's going to move the overall markets i think it's important we're going into earnings season i see several companies, small ones, but out with positive preannouncements here. very impressive. they have positive kmenlcom

not at all and maybe the buyers will be patient this time around thanks, brian sullivan appreciate itspotlight. the ticker is bug. it's up 16 % year to date. helped along by the largest holding, that would be microsoft. carrying a weighting of just over 10% in vog. up also more than 15% the stock in the same period we'll tell you what to eecxpt from earnings from microsoft next hour on squawk alley. stay with us experience the adventure of a bigger world in a highly capable lexus suv at the golden opportunity sales event. lease the 2020 nx 300 for $339 a month for 36 months. experience amazing at your lexus dealer. >>> here's your news update at this hour. in new jersey the fbi and local police are looking for a gunman who shot the 20-year-old son of a federal judge in the family's home the attackers believe to have posed as a fedex delivery person the gunman wounded and shot before fleeing >>> saudi arabia's king has been hospitalized a visit by the iraqi mooims has been postponed because of the hospitalization of the 84-year-old saudi monarch. >>> united emirates spacecraft is on it

. >>> welcome back to the show i'm dominic chu in for brian sullivan here is how your money and investments look as we are halfway through the 5:00 a.m. eastern time hour. stock futures as we said pointing to a lower open at this stage. we are near the lows of the session. the dow is implied lower by nearly 300 points, the s&p would open lower by about 29 points and the nasdaq down by around 55 and this comes after a very strong session that saw the dow jump more than 450 points yesterday and the s&p did notch its fifth straight positive session. by the way, the nasdaq, it continues its wild up side run jumping more than 2% yesterday to hit a new all-time high as you can see there. meanwhile you have oil prices this morning showing some signs of at least a bit of a pullback as well. west texas intermediate down a bit. and brent crude 42.53 the last trade there. and new data on global unemployment and the people most vulnerable as communities everywhere attempt to recover from the impact of the pandemic. and ylan mui is joining us with the numbers. what do you know when unemployment around t

. >>> welcome back i'm frank holland in for brian sullivan we're half way through the 5:00 a.m.r. stocks futures are bit mixed the dow down about 60 points now looking at oil prices -- well, down slightly. not a complete surprise there as we know things can change dramatically as we enter the hours going into the market. asia closing higher with chinese stocks continuing to lead the way. european stocks are mixed. >>> turning back to the u.s., talk housing and the economy for many americans, rent is due in their homes for a rising number, they're facing increasing trouble paying dianna breaks it down. >> it's a perfect storm for the rental after briefly reopening, some businesses are shuttering again due to rising covid cases. that all means that by the end of september, up to 23 million or 1 in 5 american renters could be evicted from their homes. that's according to ongoing analysis from the aspen institute. states hardest hit are arizona, california, nevada, indiana, utah, and wyoming they have the highest share of renters at risk you look at the actual number of renters, it'

dom chu, kate rogers and brian sullivan >>> the diversity in vaccine trials starts today. they're trying to include key parts of the population. we'll have all those details next >>> you're looking live now at capitol hill where we are moments away from representative john lewis lying in state in the capitol hill rotunda he's been honored with a motorcade procession throughout washington, d.c. today there will be a live ceremony in the rotunda beginning shortly after his arrival after the family is greeted. we'll have much more on this and everything else on the other side of this break my name is janelle hendrickson, and i'm an area manager here at amazon. when you walk into an amazon fulfillment center, it's like walking into the chocolate factory and you won a golden ticket. it's an amazing feeling. my three-year-old, when we get a box delivered, he gets excited. he screams, "mommy's work!" when the pandemic started, we started shipping out all the safety stuff that would keep the associates safe to all the other amazons. all of these are face masks, we've sent well ove

cnbc's brian sullivan.yd case goes to trial prosecutors will try to argue that officer derek chauvin's intent was to cause harm. up next, we take a look at a new film that imagines the outcome of another similar case, had it gone to court. "morning joe" is back in a moment. nt. tell me about it. you know, it's made me think, i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though. yeah. guidance to help you stay on track, no matter what comes next. ♪ we're helping members catch up by spreading any missed usaa insurance payments over the next twelve months so they can keep more cash in your pockets for when it matters most find out more at usaa.com ...to soccer practices... ...and new adventures. you hope the more you give the less they'll miss. but even if your

will do that because of their concerns about the deficit, joe back over to you >> yep we had brian sullivan on yesterday. a million million i think. isn't it let's see. billions of thousands. we need scientific notation. we say it so easily. watch. trillion ivt easy >> right >> why do a trillion when you can do 2 trillion. see how easy >> in washington we stopped talking about billions and talking about trillions and now whatever the next thing up is. is it a quadrillion. >> thank you becky? >> what comes after that quintillion. >> then hundred. all right. joining us right now to talk about what's in the gop's latest stimulus proposal and what it will take to get a deal done is ohio senator rob portman senator, thank you for being here you are somebody, who i think is a voice of reason and who already comes straight down the middle with these things this is a big battle both side are digging in at this point. you heard what eamon javers said about what swing voters, likely voters in swing states are saying what do you think right now? where would you feel comfortable and do you stand with m

brian sullivan aerfta quick break. watching "squawk box" on cnbc. like adapt. discover. deliver.to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today. i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt. they helped me consolidate all of that into one low monthly payment. they make you feel like it's an honor for them to help you out. i went from sleepless nights to getting my money right. so thank you. ♪ >>> welcome back to "squawk box. chevron buying oil and gas from noble energy for $5 billion. it will expand chevron's presence in the personal me -- permian basin. brian, what's your take? >> reporter: it's the first deal we've had since the pandemic my second take is if you're a long term noble shareholder, you're not real thrilled i'll get to that in a

sullivan from the business daily you nice to see you again arthur. run maximums rather won this case back in 2015 what's different this time around that's right brian so this is going on for a year or so back in 2015 max ramsey is a privacy companion from austria won a very very similar case against facebook which required the arrangement between the e.u. and america over how it changed exchanges data to be changed the old sort of gentleman's agreement it's loosely described as was called safe harbor the case he wanted 2015 meant he had to be changed to a new agreement called privacy should what has happened today is the court has said that this privacy shield agreement also needs to be changed so that it's inadequate and that there are some protections and there's a lack of protections as to how european users data will be treated once it gets to america however the key to this ruling is that it does not mean the sort of armageddon scenario that a lot of businesses feared so there's another mechanism by which data is transferred called standard contractual clauses the vast majority of dot of the companies like facebook transfer from europe to the u.s

sullivan from v.w. business good day to yours or nice nice to see you again this ruling has major ramifications far beyond arland even beyond the e.u. what's at stake here ok so brian on one side here you have the european commission and its 2016 decree that apple owed the irish state 13000000000 euros in back taxes because of what they had said was a spokes sweetheart tax arrangement unique to apple which amounted to state it so if that ruling is upheld today that would be a major win for the or being commission the most powerful body and its ongoing battle to sort of crack down on tax avoidance across the block would also be a blow for apple i mean they can definitely foot the bill we know that the money is literally currently waiting in an escrow account and it's $13000000000.00 for apple isn't that much but it would be a symbolic blow for the irish government would also be a blow certainly to their entire tax system on the other hand if i had an apple a wind case it would be a major blow to the commission's attempts to try and crack down like i said and it may well stop them in their tracks before it really gets the kind of steam that they want to get going wit

sullivan. i am hoping there's going to be some sort of real come back to reality in this ridiculous cancel culture stuff is going to end. >> brianmy final wrap up for you, dean. no time for you to comment. when people started thinking that you were too conservative to book, you wrote your own movies and produced her own movies and did your own thing and that's why you cannot be stopped. you are a force. top of the resume is "fox & friends" host. i hope that stays on there. at the top of the ledger. good job, dean. talk to you soon. >> thanks, brian. cheers. >> brian: we didn't inconvenience him while he put his knee on his desk and clicked on skype. the coronavirus outbreak appears to be getting worse in florida although these may be issues with how state laboratories are reporting new cases. did you hear about this? w oil fl's robert gutierrez has the story with our orlando file. robert, what did you discover about how they are counting coronavirus tasks? >> there seems to be confusion on so many levels with the coronavirus numbers. we were tipped off that that numbers didn't quite look right on the state's daily case reports a

sullivan resigned. i'm hoping there's going to be some sort of real come back to reality in this ridiculous cancel culture is going to end. >> brianadjust my final wrap up for you, we have no time for you to comment, but when things got -- people started thinking that you were too conservative to book, you wrote your own movies, produced her own movies, did your own thing, that's why you cannot be stopped, you are a farce. top of the resume is fox & friends host. i hope that still stays on their at the top of the ledger. good job, talk to you soon. >> thanks, brian, cheers. >> brian: let's be honest, we didn't even inconvenience them, all they did was put his knee on his desk and clicked on skype. the coronavirus outbreak appears to be getting worse and farther although these mayin be issues with how state laboratories are reporting new cases. did you hear about this? wf l -- wofl's robert gutierrez has the story in our orlando affiliates. robert, what did you discover about how they're counting the coronavirus tests? >> there seems to be confusion on so many levels here with the coronavirus numbers. we were tipped off that the nu

brian: wow thanks jeff flock good job meanwhile most malls open in new york some time this week, another unprecedented move against the judge employee it sullivanustice department and appeals court that ordered him to put an end to it. so what happens next? steve: joining us is the host of justice with judge jeanine whose out with a new book that you can right now buy online, for pre sale it's called "don't lie to me" and judge jeanine joins us live from her remote chambers. good morning to you, judge. >> good morning. steve: so what is judge sullivan doing? the department of justice told him to drop the flynn case, the court of appeals told him to drop the flynn case and now he's saying i want the whole court of appeals to do something here. what's going on? >> right, you know, what's amazing about judge sullivan is that he has taken this case to the extreme that has made it so clear that he has nothing more than a political operative whose doing everything he can to keep the flynn case open at least through the election. let me explain something. when flynn sought of reitrit of mandamus, which is what this particular judge required of him to