reporting for cnbc business news >>> our u.s. colleagues will speak with uber u.s. 15:00 cet. >> the chart doesn't look great, does it? >> no. do they want uber to become a food delivery business can the trends persist and what does that mean for mobility? >> it raises questions for ad tech and whether ad tech companies because this is effectively a delivery business with a technology front end. whether they have demonstrated that they deserve the same valuation as the faang, the model that is new and destructive for other business models >> it is a big question. the tech sector gets clumped together a lot you look at the new sek tctor, lot of retail investors and many that touch their lives >> i just annoyed the director asking you more questions because i wants to go to break we'll bring you an exclusive interview with bank of england mi uty governor dave ramsden congp in just a minute . >>> welcome back to "street signs. i'm julianna tatelbaum these are your headlines president trump ratchets up tensions with beijing with a new executive order banning tiktok and

cnbc business news. >> let's just take a link to the markets. and the executive orders what do you think we are witnessing today a little bit coming after the u.s. sessions. >> good money. >> i do believe that the recovery is on track and also i believe that this executive order puts pressure on the congress to come together and do a bipartisan deal and i strongly believe there will be a bipartisan deal because remember, this executive order relief package, the money is going to run out end of this month. it doesn't go away it doesn't go to the end of the year i'm still hopeful that the deal is going to be at least 1.5 billion. you have seen the democrats giving ground already. so i think that they're going to put pressure and i do believe that they'll be well supported and and much more close to them. >> highest on the s&p 500 as well how much of the stimulus agreement is baked already into the market trade that we witnessed. >> i don't think anybody believes it. the real thing to look at, the u.s. pandemic has been effecting the u.s. economy a

business owners the resources to survive today's crisis and provide a path forward for tomorrow. visit cnbc events.com/small business playbook to learn more and to register. - [narrator] at southern new university, we're committed to making college more affordable. that's why we're keeping our tuition the same through the year 2021. - [student] i knew snhu was the place for me when i saw how affordable it was. - [narrator] find your degree at snhu.edu. >>> welcome back. as we said, mcdonald's is suing former ceo steve easter brook for allegedly lying during an internal probe into his tenure then. kate rogers joins us with the rather lurid details. >> they're seeing steve easterbrook related to his firing last year they say they're suing him for fraud, destroying and concealing evidence in order to retain his compensation package, and moral turpitude. it says that he had physical sexual relationships with three mcdonald's employees in the year before he was fired. he also approved and, quote, extraordinary stock grant worth hundreds of thousands of dollars for one of the employees during the relationship. and adds that he lied to investigators in 2019 and goes on to say that an intern

news. look at shares of herba life the company settled. prosecutors accusing the company of providing corrupt payments to chinese officials to boost business there again, down 3.5% cnbclobal survey more on that after the break stay with us traded goods. tools, cattle, grain, even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. that's why it's time for digital currency and your investment in the grayscale funds. go digital. go grayscale. coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores! stanley cup champions. touchdown! only mahomes. expect anything different? the big events are back and xfinity is your home for the return of live sports. >>> welcome back a new cfo global survey looking at what a joe biden presidency might mean for wall street and the economy. we have the results. >> good morning. that's right 75% of global cfo's believe joe bid

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cnbc headquarters. here are today's top business headlines. wall street is set to start with a mixed start. stocks were largely higher yesterday with the s&p 500 and the nasdaq closing at new record highs. shares of apple, the biggest influence on the dow, snapped a five-day winning streak. investors are reacting data painting a mixed picture of the recovery from the pandemic. new home sales in july. home prices were flat and consumer confidence lower than expected in august. in focus a report on demand for durable goods or big ticket items built to last such as auto and appliances. >>> facebook is doubling down on e-commerce as it attempts to make shopping a destination within the app testing out facebook shop where you can buy products within the app and expanding its shops product allowing people to sell on facebook and instagram. sellers can communicate through messenger and instagram direct as well as host live shopping events. >>> amazon has a new augmented reality shopping tool that lets you see furniture in your space before you actually buy it. the feature called room decorator will let you view multiple items at scale. you can store photos of your own home and us

cnbc news update at this hour. people in several states are assessing damage from hurricane laura. more than 600,000 homes and businessesut power. one louisiana mayor said some people could be without basic services for days or even weeks. >>> the new york times reporting two top pr people have been fired from their positions at the fda. this after president trump and the head of the fda exaggerated the benefits of blood plasma treatment for coronavirus patients the firing including the agency top spokesperson and a pr consul tants who recommended the fda chief apologize for his statement. a spokesman for the held an human services department says the timing of the consultant termination is coincidental. >>> french president said his government is doing everything to avoid a nationwide coronavirus lockdown though he's not ruling out any scenario. this has france reported 7400 new cases. that's just below the one-day record set way back in march that's the news update this hour back to you. let's get a check on the stock markets now. it's not impacted any of the markets. the dow is up 116. they're all higher the small ca

everybody, we're going to go live to cnbc for an early look at how the promise of new coronavirus treatments is moving markets. this story is driving your businessg up next. inr business day, coming up next did you know that some aluminum- free deodorants only mask odor? secret aluminum free helps eliminate odor instead of just masking it. and is made with three times more odor fighters. with secret, odor is one less thing to worry about. secret. >>> welcome back. time now for business. the trump administration has now approved emergency authorization for the convalescent plasma treatment to use on covid-19 patients. cnbc's julianna tattlebaum is joining us live from london on this. julianna, good morning to you. great to see you on this monday morning. talk to us about how global markets are reacting to this latest news out of the white house. >> we're seeing markets around the world rally this morning on the news over the weekend that the fda said it was granting the emergency authorization for convalescent plasma to be used in treating covid-19 patients. the idea here is the treatment uses blood for covid-19 patients that have recovered and b

exchange" on cnbc ♪ >>> good morning good afternoon good evening i'm brian sullivan thank you for joining us on a busy tuesday we have to start with the markets and your money despite whatever newshere is out there, the money flowing into stocks just does not stop futures higher, maybe on possible headlines of u.s./china trade talk front all of this coming after yet another record setting rally s&p 500 closing above 34 time higher and nasdaq hitting 37 records for 2020 the dow, now less than 1% away from break even on the year. could get there today with the way the futures are looking. speaking of the dow, there are big changes coming as announced late yesterday three stocks in. three stocks out sales force will replace exxon mobil. they've been a tenant in one form or other. exxon, once the world's biggest company now out of the dow industrial index meantime, am again will replace pfizer and honeywell will replace. sales force, am again and honeywell are in to the dow. >> because of apple's coming four for one stock split, salesforce will bring that back to 23% still less than it was the changes will go into effect before the market opens on monday, august 31. real sign of the

cnbc miss something head to madmoney.cnbc.com. businesses are starting to bounce back. but what if you could do better than that? like adapt. discover. deliver. in new ways. 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. right now, switch to t-mobile and get four lines of unlimited for just $25 bucks a line. with access to america's largest 5g included. that's right. unlimited and nationwide 5g for the whole family for just $25 bucks a line. only at t-mobile. lookentertainmentour experience: xfinity x1. it's the easiest way to watch live tv and all your favorite streaming apps. plus, x1 also includes peacock premium at no extra cost. this baby is the total package. it streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. yup, the best really did get better. magnificent. xfinity x1 just got even better, with peacock pr

cnbc app we're back in two. as business moves forward, we're all changing the way things get done. like how we redefine collaboration... how we come up with new ways to serve our customers... and deliver our products. but no matter how things change, one thing never will... you can rely on the people and the network of at&t... to help keep your business connected. >>> welcome back to "the exchange." let's get a quick check on the markets where the dow is up nearly 300 points today, sigh stro -- so a strong picture here even though things looked a little weaker when they first came out the dow subpoena more than 1% powered by disney as well today, by the way a quick look across the sectors, too, tells you there's only three in the red today, so it's a pretty broadbased rally. we're led by materials, surprisingly, some different leadership for once. a 2% gain there. industrials and nationals all on the heels. here are some of the individual names that we are watching boeing is actually the second best performer on the dow today, the company saying it doesn't see an immediate need to raise cash with new debt investors responding by pushing the s

business events and in hollywood news, warner brothers tenant bringing in $53 million from 41 international markets in it's opening weekend. christopher nolan's spy movie this upcoming weekend. chgeig he ching worldwide exan rhteron cnbc all these years it's the ones that got away that haunt me the most. [ squawks ] 'cause you're not like everybody else. that's why liberty mutual customizes your car insurance, so you only pay for what you need. what? oh, i said... uh, this is my floor. nooo! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ these days, businesses are adapting to new ways of working. and innovation is at the heart of it. verizon 5g ultra wideband is the fastest 5g in the world, with speeds up to 25 times today's 4g networks. its massive capacity and ultra-low lag time is already available in parts of select cities around the country. which means businesses both large and small can innovate like never before. >>> good morning more than three quarters of college students are back on campus 78% of colleges summoned students back to school. despite challenges to managing health services and the logistics of everything from moving in to dining, colleges with a clear commitment to getting s

cnbc for what's driving another record day on wall street. we're back in a moment. businesses are starting to bounce back. but what if you could do better than that? like adapt. discover. deliver. in neways. 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. and now, we're committed to helping you do just that with a powerful and reliable internet and voice solution at a great price. call or go online today. >>> welcome back, everybody. time now for business. wall street saw a second day of all-time highs yesterday. this time on the s&p 500 as it reached its first record since february. cnbc's julianna tatelbaum is joining us live from london on this. another day, another rally on wall street, unbelievable to see. how are the markets looking this morning? >> that's right. the s&p 500 finally did it. we talked about this yesterday. it had been flirting with this milestone for over a week now. and the s&p 500 did crack that level 3,389 yesterday. we got some strong housing market data yesterday which helped to boost sentiment. amazon shares led tech stocks higher, so the tech-heavy in

cnbc update. rahel? >> hello, new zealand found 400 cases of the coronavirus in auckland people will be asked to stay home for the next three days while bars and many other businessesalso close >>> walmart is partnering with instacart to offer same-day delivery in several u.s. markets, strengthening the position with amazon the new partnership comes as consumers continue to rely on grocery delivery at an unprecedented rate amid the covid-19 pandemic. >>> and for more on the story, you can head to the website cnbc.com >>> a new study from stanford shows student vapors are up 70% to get covid-19. they can alter the lungs and immune system, making the coronavirus more likely to trigger an infection that's your cnbc update for this hour bill, back to you. >>> let's turn now to some positive news on the mortgage front, specifically the bailout for borrowers. diana olich has the details. diana? >> the numbers for bearish numbers are improving. there are now about 3.7 million borrowers in government or mortgage industry relief programs these allow them to delay their monthly payments for up to a year the share dropped to 7.44% of all mortgages last week, and that's down f

cnbc brian? >> big news for warren buffett wants to be bigger in japan. >>> coming up, tiktok's business may haveina did late friday that could point to a potential deal block. that's next. >>> as we head to break, look at shares of general electric ge jpmorgan chase analyst removing price argument on the stock citing lack of forward visibilities terms remain at neutral, although the report says fair value for the stock is likely less than $5 per share stock's at $6.50 now tusa seeing a lot more down side ahead for ge removing that price target dow furetus up six same at ge we're back right after this. an army family who is always at the ready. so when they got a little surprise... two!? ...they didn't panic. they got a bigger car for their soon-to-be-bigger family. after shopping around for insurance, they called usaa - who helped find the right coverage for them and even some much-needed savings. that was the easy part. usaa insurance is made the way liz and mike need it- easy. find a stock basedtech. on your interests usaa insurance is made the way liz and mike need it- or what's trending. get

time today >> thank you >>> still to come, how small businesses feel about the state of the economy the results from a new survey by survey monkey and cnbcconomic advisor mohamed el erian will join us to discuss markets and what's next. the ambiguity. this moment calls for more. and northern trust delivers more. with specialized expertise. proven strategies rooted in data and analytics... and insights borne from over 130 years of successfully navigating economic turbulence. giving you new clarity. inspiring confidence. and helping you uncover new paths forward. northern trust. wealth management. change is certain every single day. even in the pandemic, i've learned a lot about myself as a business owner. you know, pulling yourself out of the tough times and pushing through things. it's so exhausting, but if you really want it, you can have it. you just gotta sacrifice, you know? off 8 points from where we were to start this year the number of businesses that say their current conditions are good has doubled from may to august at 36% with more businesses reopening and moving forward in varying ways. 23% describe conditions as bad which is

news. we'll talk about the life and legacy of sumner redstone, 97 years old. we'll talk about his accomplishments and how he changed the world of media join the cnbc small businessook virtual summit taking place today at 1:00 eastern. you can hear from sheryl sandberg and so many others and important voice. go to cnbcevents.com/smallbusiness playbook you're watching cnbc4-2424. . it's easy to get lost in the economic uncertainty. the volatility. the ambiguity. this moment calls for more. and northern trust delivers more. with specialized expertise. proven strategies rooted in data and analytics... and insights borne from over 130 years of successfully navigating economic turbulence. giving you new clarity. inspiring confidence. and helping you uncover new paths forward. northern trust. wealth management. >>> welcome back to "squawk box" sad news this morning. media mogul summer redstone has died at the and of 79. david faber joins to talk to us about sumner redstone. david you've covered sumner redstone for so long you spent so much time interviewing him, talking to him. what are your thoughts this morning? >> reporter: you know, it's funny. as you say i spent a

cnbc for putting me down there. >> sandra: we were talking about how honored we are you have to as a colleague and so happy the day you moved over here to fox news channel and fox business network. i was with you on your show day one and was proud to do so. we're looking at pictures while you were talking. so many notable figures you've been with an interviewed over the years. you talked this morning on page 6 how you made life long friends on that trading floor. >> it's true, sandra. there is so much camaraderie on the floor of the new york stock exchange. a lot was made there was a handful of people that didn't want me there. the truth is the majority of people were so supportive and wonderful to me and they are like family. i'll never forget when i was getting married in 1999 unknown to me they put a ball and chain on my ankle. it told me i was part of the family. what they do as a tradition, they dump a bucket of water on the person when they are getting married and put the ball and chains. they spared me the bucket of water and the alliance of floor brokers once did a roast of me and gave me a beautiful silver dish engraved. thank you for enhancing the image of the