we have dom chu, deirdre ra bosa and brian sullivan it would have blocked tiktok from being downloadedores they challenged the ban calling it unconstitutional and a violation of due process deirdre, a lot of people are focused on the basis of the judge's decision here, and what that leaves open for the trump administration to do next. >> yeah, absolutely. and the whole process has been one confusing large saga we're still fighting over details. bytedance saying tiktok global will still be 89% owned by bytedance, of course, oracle saying it will mostly be held by americans. the big question here, especially since over the weekend we were on the brink of having those downloads banned, does this executive order actually result in more youth downloading vpns, for example, and pushing tiktok to the underground, essentially creating a whole new host of security issues? i think that is an important consideration for the trump administration when they look at such a move. vpns come with a whole other host of security issues. so is that what is the outcome from here if we reach that november de

i'm brian sullivan thank you for joining us from wherever you are watching us from in the world.g hit yesterday. it is the continued selling we had from last week it ramped upcoming into yesterday and included not just big technology the dow falling more than 630 points s&p 500 down to end the worst and first three losing streak since june apple yesterday losing almost $8 a share or nearly 7%. microsoft lost $11.5 a share or almost 5%. bouncing back up over 2% the big story of the year. the big story of the day the big story of yesterday was tesla. losing $88 a share or 21%. the single worst trading day ever investors saying many of these names got too hot too fast the options market making the selloff worse. bouncing back this morning i want you to get to know a new term reverse conversion tesla stock so volatile because there is a bunch of sin thetic positions put the underlying positions, et cetera telling me tesla is not the most important stock. in many ways, it is the market because of positions and 07gss held by almost every major trading desk in the world. the dow down so

2020 you are watching "worldwide exchange" here on cnbc good morning i'm frank holland in for brian sullivan the markets kick off a brand-new trading month. stock futures slightly in the green here the dow jones looking like it will pop four points nasdaq on pace coming off a winning streak. seven out of the eight days. the dow and s&p wrapped up the best august. similar for the s&p, rising 7 percent e for the fifth straight move gains the story continues to be all about tech nasdaq surging 9 #.5 in august for the best monthly performance since 2000 taking a look at the bond market and the yield trading around .723% and the 30 year at 1.5% we continue to follow the markets, let's go worldwide now. to julianna tatelbaum. let's get a look at the global markets with you how are you? >> i'm doing great we had a strong start to trade here in europe benchmark opening higher we have now come off the highs of the day it is a more mixed picture we have the german index trading. in italy, we have the market holding up as well trading in the negative territory. the uk up about 1.2% we have a little cat

on the east coast i'm brian sullivan along with becky and mike santoli joe and andrew have the day offtures to see if the rally can roll on the answer to that is likely no. look at that futures, they are down not much on the s&p or the dow look at the nasdaq futures, guys, indicating implied open down 119 points. nearly 1% to potentially another outside move for tech stocks as we kind of went into the weeds early on in the 6 a.m. hour of "squawk. a lot of that having to do with options activities that might have worked yesterday may not work today nasdaq could take a pretty big tumble with the tech stocks. >> it was concentrated in the big tech stocks. apple and tesla did give back. as well as zoom video. meanwhile, the dow closing above 29,000 for the first time since february now the march to 30,000 would seem to begin now. dom chu joins us with more hey, dom. >> mike, if you take a look at the moves we've seen in the dow since the pandemic lows, we are talking about a roughly 10,000 odd point gain around 10,500 points that we've seen since the lows that we saw back in the third week

there is a vaccine or cure let's talk more about these declines joining me now, our very own brian sullivanhe chief investment officer at pickering energy partners brian, i'll start with you last week we went below 40, so it's not like this is just today, even despite all we've learned about chinese demand and that sort of thing oil has been sliding now, i think, for about five straight sessions, right? >> there's nothing new i got to get a new beat because i'm starting to get depressed. i'm sure dan can tell you the same thing because energy is at its worst. tesla and amazon are down below apple today. here's kind of the headlines of the traders i've surveyed about what's going on. don't look at oil as falling, which sounds weird look at oil as maybe having never should have gone up to mid-40s because it was based on dollar weakness. now that the dollar has firmed up a bit, that trade may be reversing. maybe it didn't deserve to be at 45, maybe this is its natural home jet fuel demand is still terrible i know 950,000 people flew on friday, the most since the pandemic began, but it's still

i'm brian sullivan. your cnbc morning business update, we are seeing futures higher across the board right now. we rose in the markets yesterday which is a turnaround. last week was the big week for the technology stocks, all the stocks based around you guys, since early march when the pandemic first hit. we will rise again tomorrow. you have some positive vaccine news. astrazeneca study paused for a couple weeks. they're going to resume trials on that. pfizer saying early vaccine could be ready late this year or early next year, assuming one is approved, or at least the federal reserve starting off the two-day policy meeting. apple is going to host its virtual, of course everything is virtual now, launch event. it's not getting as much attention because there is no new iphone expected. that's always the big reveal, right? likely to get a new ipad, a new watch that can check your heart rate, your vitals. in this day and age we all want to know how we're doing and are expecting a new and improved apple wa

. >>> i'm m >>> i'm brian sullivan in for melissa lee. happy friday this is "fast money. steve grasso, bonawyn eison, jeff mills signed, sealed, delivered and a big bold call on fedex one mega bank says that stock may be set to double we're going to find out why. plus, tiktok goes the clock. we're all over late-breaking developments on tiktok and wechat negotiations coming down to the wire. later on, where's the beef what fed shares of beyond meat into the grinder today we're going to begin with the world's biggest company in a little bit of a world of pain lately that is apple falling another 3% today. it is now down 22% from its record high earlier this month that, my friends, a market cap loss of only, you know, $500 billion. put that into perspective. that is equivalent to an entire visa, a j & j, maybe a walmart and a proctor & gamble shares of alphabet, facebook and amazon also dropping this week is this just a tech timeout or do you see a rollover and maybe some more pain ahead on the tech trade? >> no. i see a rollover this is something that i positioned myself fo

i'm becky quick along with mike santoli and brian sullivan we had a huge selloff yesterday.g day. yesterday, the dow losing 800 points the dow was the best performer down just 2.8% the s&p down by 3.5% nasdaq off 5%. that i

the labor and recovery market in terms of the fed's new path, i'm joined by fred rosengren and brian sullivan brian? >> let me start with what kelly was talking about, the jobs number coming in better than expectations does this change your outlook on the economy? >> so i think the employment report, as you just highlighted, was a pretty strong report and a little bit stronger than i was expecting. getting the unemployment rate down to 8.4% from 10.2% is certainly a significant improvement. i would highlight that a lot of the job gains were in retail trade and leisure and hospit hospitality, so i think a lot of this is people that were on temporary layoff that have come back to work i think one of the concerns i still have is how many people are going to be unemployed for an extended period of time, so in any major city, you can tell retail trade, leisure and hospitality are still sectors that have substantial problems if you looked at the duration of unemployment, those unemployed 15 to 26 weeks is currently at 6.5 million people so we have a long way to go before we're fully recovered, but

good morning i'm frank holland in for brian sullivan here is how your stocks are shaping up the dow is open, the s&p up about three. nasdaq implied open up about 35 points still on pace for the broader losing streak. closing down more than 1% with amazon closing down two and a quarter percent. the russell 2000 up more than 3% since monday where its best weekly performance since august 8. perhaps a rotation on the way. more on that coming up first, we have to check the stock of the week. that's snowflake after the surge of trading on wednesday, the stock was down 26% yesterday and on track for more losses this morning that stock down about a percent and a half we'll continue to watch those shares checking action around the globe, matt taylor in singapore and karen tso in london. >> a fairly lack luster week in the markets. we did modest gains coming through. we did see weakness when it comes to australia or new zealand. it was a late-day rally ending up more than 2%. you were talking about the nasdaq session overnight for us yesterday. we were watching a number of big tech names to see

i'm becky quick along with mike santoli and brian sullivan we had a huge selloff yesterday. coming off the worst trading day. yesterday, the dow losing 800 points the dow was the best performer down just 2.8% the s&p down by 3.5% nasdaq off 5%. that is half way into correction territory in a single trading session. for some, it was even worse than that check out shares of apple down it lost $180 billion in market cap. that is the largest one-day lost for a u.s. listed company on record if that isn't enough to get your attention. apple lost more in market cap yesterday than the individual market capitalizations of 470 of the companies in the s&p 500 it wasn't just apple microsoft, alphabet, microsoft and even tesla saw their market caps shrink. microsoft down by $115 billion amazon off by $93 billion. this morning, things look a little better. you still have the dow down 150 points right now, it is reverse that up 300 points the nasdaq saw the biggest declines, up 27 points right now. >> we have to keep that in context a few things in here as well talking to people all day ye

i am brian sullivan in for melissa tonight. your trader line-up on this wed guy adami, tim seymour, karen finerman and jeff mills. coming up, the nfl postponing a game because of covid but the gaming stocks load why? plus cyber security from palantir making a big splash in its public debut and later on, your call of the day. one top analyst says that stock right there is one of the best growth stories in retail you know what it is? no, you don't. maybe you do we're going to bring you that name ahead. >>> good evening, everybody. wow. what a start to september. ov overall i should say a september to forget. the s&p 500 capping off its worst september in nine years. but for the quarter, we actually had some pretty good numbers the s&p 500 gaining about 8.5% this quarter leading the way consumer discretionary, materials and industrials, rounding out the pack notice what's not on there? technology the sector that posted a loss this quarter, the only one energy, which slid 20% so with q-3 now in the books, guy adami, in a quarter wi

brian sullivan has a look at what is behind the move. seeing, brian >> kayla, it it's what is not behind the move, zero. there is so much to talk about if you want to find any bright spots, i'll have one tend. you have a lot of things working against oil. everybody i talk to today said don't look at it as oil collapsing look the it as oil should not have been where it was in the mid 40s. dlart w the dollar was weakening sending oil slightly higher. the dollar firmed up a bit you also have terrible jet fuel demand jet fuel is 30 to 35% of use of oil. remember that. and, you know, more people are flying than a couple months ago, cayla, but still down 50% for the numbers of last year if not more than that so you have the jet fuel issue as well. you also have a couple refineries in louisiana that are still shut down by hurricane laura. phillips 66, citgo lake charles. that is hundreds of billions of barrels that are not buying in the open market. inventories may rise the saudis also reportedly cutting the selling prices every month. they adj

. >> and this is "fast money" and i'm brian sullivan in for melissa. good evening, everybody. today's trader lineup. guy autoa -- a monday market move inching back to highs and one saying be wear of another sell off and why to be so worried espn doubling down on casino bets, share of two stotlcks hitting the money line how hot is home builder we'll find out soon. good evening, everybody, all that and much more ahead we start with some breaking news on nikola. shares are down in the after hours, following a big up day. bloomberg reporting securities and exchange commission will exam over the stock selling fraud and allegations, stock down 7%. you're response? >> again, i can't speak, i said it last week, i can't speak to the voracek asity of the shore seller report, acquisition of fraud, i have no idea, but what i stand behind, despite how the gm is structured, whether their investing money, the fact that gm would link their wagon to nikola and if these acquisition prove to be correct, i think the real deleterious thing could happen with shares of gm, in my opinion, potential f

welcome to "squawk box" here i'm becky quick with brian sullivan and willford frost. >> thank you for being here. we'll look at the markets this morning. the dow climbed 7.6% that's the best move it has seen in 16 years. go back to august 1984 similar story for the s&p. best gains it had seen in 14 years back to 1986 the stories continuing to be all about tech. surging since the best monthly performance since 2000 u.s. equity futures, you'll see at this point you are looking at some green arrows across the board. nasdaq indicated up. dow is up, so is the s&p 500 we'll talk about zoom. it is those technology stocks leading the way. looking here to date, they are up more than expected. looking at the treasury market, it looks like the 10-year is yielding around the same amount of 0.726%. zoom, huge news. >> right now, top single stock of the day is zoom the stock is on fire that may be the least impressive thing. jumped over 300% year over year. free cash flow up 2,000% year over year. new customer subscriptions delivered 81% of the revenue growth and less customer churn than expected.

we needed to be safe >> this is brian sullivan.sure you would agree the gap tweep the haves and have knots will skyrocket not just this year but for years come, economic, educational inequality i have a friend who said when they went virtual in march half the kids disappeared they didn't know where they were they couldn't force them on the zoom has there been any talk at a high level of cancelling the school year to make sure that some kids who are going fully are able to do it hybrid, they are just going to power ahead especially when they are young >> well, i don't think that we -- so, look you can't cancel the school year because that -- >> why not >> that's terrible for all kids. what you can do is actually cancel like what was done last april, you can cancel the high stakes testing what we need to do is we need to actually create the kind of environments that get kids back to learning. you can't pick learning versus living and i agree with you about the inequities we have been fighting, for instance, for connectivity, i just o

. >> and this is "fast money" and i'm brian sullivan in for melissa. good evening, everybody.e inching back to highs and one saying be wear of another sell off and why to be so worried espn doubling down on casino bets, share of two stotlcks hitting the money line

i am brian sullivan in for melissa tonight. wed guy adami, tim seymour, karen finerman and jeff mills. coming up, the nfl postponing

ge is switching to wind and wind is going to be very reasonable brian sullivan yesterday had the ceo the head of ferk, they want people -- federal energy regulatory, they want you to return power to the system, it's certainly very retro grade policies of the president versus what ferc wants to do. >> he doesn't like wind mills at all. he's not particularly high on silver. >> it is interesting the dichotomy between some of the big european companies and their decision making in terms of dealing with climate change, trying to have more of a green sheen as opposed to our guys. >> david, you know who is going to get very big into hid jen >> who nikola. >> bp. >> they were going to potentially, right, yeah the stations. >> but the hindenberg came along which was a zeppelin that frankly about half the people died, it was in lake hurst so that's the name of the research firm. >> those shares are up now over 6% this morning. >> nikola? >> yes. >> i guess people forgot about the bogus truck. now, look, we're probably -- here is what i bet we see that girsky bought a huge amount of stock, they

. >>> i'm m >>> i'm brian sullivan in for melissa lee. happy friday this is "fast money. delivered and a big bold call on fedex one mega bank says t

. >> it's okay someone this morning on brian sullivan's show said, look, the market really is tesla nomarket is not tesla. the market may not be bristol-myers, either. maybe the market is t-mobile, maybe the market is apple. i just find that we don't want to just say, look, the market is done, tesla is up or the market is done apple is down. let's look for opportunity that's all >> to your point, jim, about people, i guess, in your words scaring the mark, gunlack on his webcast yesterday saying that the s&p is in nose bleed territory. druckenmiller on "squawk" earlier this morning take a listen to what he said. >> right now we're in an absolute raging mania. we've got commentators on your network encouraging companies to do stock splits, companies then go up 50%, 30%, 40%, big market cap companies on stock splits. >> all right jim, so critics would argue that stan has been echoing a variation of that theme for many years. >> right, and i know i've been -- i've been a proponent of stock splits i'm not a proponent -- look, i have never said they created value. i do say that they allow pe

i just spoke to brian sullivan he made the point where he lives, bars and pubs are not reopened at all. we are going out and there are rules around different venues. the uk has taken a different approach we have reopened more parts of the united states. it sounds like where you guys are, things have been more stringent. clearly here, they've sent this big warning that if nothing is done to change, we are headed towards a dire situation come november >> nobody wears masks in london right now, right >> there are rules in different venues but walking around the street in public, it is not a requirement. >> all right thank you. >>> tesla is holding its annual share holder meeting in battery technology day presentation. last night, musk tweeted downplaying the short term saying the announce won't reach serious high-volume production until 2022 tesla shares fell after that tweet. also said tesla intends to increase battery purchases from pan sonic and without taking action, they would foresee significant shortages. >>> shares of roku jumped when it was agreed for comcast. 20 million shares w

something brian sullivan was just talking about the nasdaq composite has gone from record high to correction 0 territory in just three trading sessions after one and a quarter decline on friday and 5% decline on thursday this is just speed up and kind of mind blowing. check out these numbers, the six biggest tech stocks losing more than $1 trillion in value in three days apple, microsoft, amazon, microsoft, tesla and facebook. this is kind of unbelievable >> on the way up, we kind of get -- i won't say we get used to it. >> complacent. >> we don't quite notice it as much after the split, was apple up 40% or something remember when we were arguing about tesla at $500 a share? look where it went eastbound the s&p was up almost 60% since march. you get these crazy moves to the upside we should have been able to watch this after all these years and how quickly the corrections can come to get that move and have a correction in three days maybe we need to even revise the terms for how we talk about it given what the nasdaq has done, that perspective -- >> it is nothing >> it is not that shocking >

sullivan. >> hilario soriano sumaya, jr. >> james joseph suozzo. >> colleen m. supinski. >> robert sutcliffe. >> seline sutter. >> claudia suzette sutton. >> john francis swaine. >> kristine m. swearson. >> briane amy sweeney. >> kenneth j. swenson. >> thomas f. swift. >> derek ogilvie sword. >> kevin thomas szocik. >> gina sztejnberg. >> norbert p. szurkowski. >> harry taback. >> joann c. tabeek. >> norma c. taddei. >> michael taddonio. >> keiichiro takahashi. >> keiji takahashi. >> phyllis gail talbot. >> robert r. talhami. >> john talignani. >> sean patrick tallon. >> paul talty. >> maurita tam. >> rachel tamares. >> hector rogan tamayo. >> michael andrew tamuccio. >> kenichiro tanaka. >> rhondelle cherie tankard. >> michael anthony tanner. >> dennis gerard taormina, jr. >> kenneth joseph tarantino. >> allan tarasiewicz. >> michael c. tarrou. >> ronald tartaro. >> deborah tavolarella. >> darryl anthony taylor. >> donnie brooks taylor. >> hilda e. taylor. >> kip p. taylor. >> leonard e. taylor. >> lorisa ceylon taylor. >> michael morgan taylor. >> sandra c. taylor. >> sandra dawn teague. >> karl w. teepe. >> paul a. tegtmeier. >> yeshavant moreshwar tembe. >> anthony tempesta. >> dorothy pea

sullivan hilario soriano sumaya, jr. james joseph suozzo colleen m. supinski robert sutcliffe seline sutter claudia suzette sutton john francis swaine kristine m. swearson brianeeney brian edward sweeney madeline amy sweeney kenneth j. swenson thomas f. swift derek ogilvie sword kevin thomas szocik gina sztejnberg norbert p. szurkowski harry taback joann c. tabeek norma c. taddei michael taddonio keiichiro takahashi keiji takahashi phyllis gail talbot robert r. talhami john talignani sean patrick tallon paul talty maurita tam rachel tamares hector rogan tamayo michael andrew tamuccio kenichiro tanaka rhondelle cherie tankard michael anthony tanner dennis gerard taormina, jr. kenneth joseph tarantino allan tarasiewicz michael c. tarrou ronald tartaro deborah tavolarella darryl anthony taylor donnie brooks taylor hilda e. taylor kip p. taylor leonard e. taylor lorisa ceylon taylor michael morgan taylor sandra c. taylor sandra dawn teague karl w. teepe paul a. tegtmeier yeshavant moreshwar tembe anthony tempesta dorothy pearl temple stanley l. temple david gustaf peter tengelin brian john terrenzi lisa marie terry goumatie thackurdeen harshad sham thatte michael

brian: we will see where it goes. goes back to emmet sullivan of it and seems to be stopping in this appeals court. >> that's right. and judiciary committee we have held a couple of hearings. looking at what happened around russia collusion. we have had rod rosenstein in. we have had sally yates. in she said jim comey went rogue. she would never have signed those warrants had she known then what she knew now. she also told me that she knelt like those that had provided misleading information should face consequences, possibly jail time. and those are important steps. but, here's the thing. michael flynn got caught in this web, what we do know is that somebody cooked up a plot. somebody said carry it out. somebody did the dirty work and michael flynn is paying the price. donald trump is paying the price. >> new book out "the mind of the conservative woman" what do you want people to take from this. >> what i want people to understand is the media does treat conservative women differently. and most women in this country you just heard in jed's seg

good morning, good afternoon or good evening i'm brian sullivan hope you are having a good friday let's get right to your money. futures are mildly higher. nasdaq futures are up. overall, it has been another rough week for stocks. your in investments are down over 3% on the dow on pace for the worst weekly performance since late june. all the major averages are negative on the month. if we aim lower for september, which we will, it would break a a five-month winning streak. we've been watching commodities silver has been hit hard down nearly 15%. gold on space for its worse week and copper at the lowest levels mostly on the move higher from the u.s. dollar. there is your setup. frank holland is here with those. the increasingly bizarre back and forth on tiktok. >> here is the latest development. president trump is asking a u.s. court let a ban on the chat app wechat proceed the federal judge is giving the president until 2:30 this afternoon to postpone the ban on downloads. they must defend that policy in a sunday morning court hearing the ban set to take place 11:59 pm on sunday prepar