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landon dowdy joins us with more on those numbers >> that's right. shares of anheuser-busch moving higher after better-than-expected earnings. they reported higher profit in the fourth quarter thanks to savings from the sabmiller acquisition and a rebound in brazil despite the strong finish, ab inbev is still struggling in the
landon dowdy joins us with more on those numbers >> that's right. shares of anheuser-busch moving higher after better-than-expected earnings. they reported higher profit in the fourth quarter thanks to savings from the sabmiller acquisition and a rebound in brazil despite the strong finish, ab inbev is still struggling in the
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a longtime leader, and drew liveis landon dowdy >> liveris reportedly plans to step down as executiveirman of dupont april 1. "wall street journal" said the company will make the announcement today, jeff fettig will take over and the science company will be known as dow and it marks the end of an era, he's stepping down with all the-time highs this year in a company competing two products that he built his legacy on first, dealing with dupont and second, a huge petrochemical plant in saudi arabia. but liveris wasn't without issue, with the financial crisis that nearly sank the company before warren buffett went through it and then dan loge called for a breakup and was ready to go after liveris until the board shake-up liveris came into controversy after his so-called lifestyle. he led the white house advisory council of ceos in manufacturing industry before it disbanded end of an era. handing over the reins, brian. >> yeah, liveris has been involved in business council, business meetings. >> davos, switzerland. >> he's a nice guy he's been around a long time you wonder will a liveris
a longtime leader, and drew liveis landon dowdy >> liveris reportedly plans to step down as executiveirman of dupont april 1. "wall street journal" said the company will make the announcement today, jeff fettig will take over and the science company will be known as dow and it marks the end of an era, he's stepping down with all the-time highs this year in a company competing two products that he built his legacy on first, dealing with dupont and second, a huge petrochemical...
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landon dowdy, say it ain't so. if it is so, tell us about the impact >> it is so.he storm is expected to bring coastal flooding and winds and could reach bomb cyclone status. nearly 44 million people are under a winter storm advisory, boston is expected to take the brunt of that storm. nearly 1600 flights have been canceled today, 1800 delays. almost all flights in and out of boston are canceled. american airlines scrapping its entire boston schedule today and warning of the potential for other flight cancellations around the northeast american, delta, southwest and jetblue are waiving ticket change fees. if you're traveling by train, amtrak temporarily suspended its northeast corridor service between boston and new york until at least 11:00 a.m. today. i swear, spring is coming in about a week hopefully >> you promise >> that's what the calendar says >> we're live on international t tv, if you're saying spring is coming, we're counting on you. >> mother nature is not helping out. >>> still to come, viral video alert. one woman went on a casual fishing trip with he
landon dowdy, say it ain't so. if it is so, tell us about the impact >> it is so.he storm is expected to bring coastal flooding and winds and could reach bomb cyclone status. nearly 44 million people are under a winter storm advisory, boston is expected to take the brunt of that storm. nearly 1600 flights have been canceled today, 1800 delays. almost all flights in and out of boston are canceled. american airlines scrapping its entire boston schedule today and warning of the potential for...
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. >>> families need to check for two items that they may have in their homes, landon dowdy is here withc business news. landon, you have information about these two recalls. tell us more. >> hi there tracy. that's right, well, two items sold exclusively at walmart are being recalled. the first involving about a table to table highchair by graco. the rear legs of the highchair can pivot out of position making it unstable and posing a fall hazard. five injuries have been reported. consumers should contact graco for a free repair kit. >> and the next recall is about a popular cooking device. >> that's exactly right. the second recall involves about 100,000 model 1 multicookers due to potential fire. no injuries have been reported but reports of property damage. if you have a multicooker you can return it to walmart for a fuel refund. a quick check of markets. it's set to open higher after a big rally. the dow snapped a 40 point sweep sparked by president trump's tariffs announcement to focus more on economic data. tracy, back to you. >> landon dowdy with cnbc. thanks for that. >>> well, th
. >>> families need to check for two items that they may have in their homes, landon dowdy is here withc business news. landon, you have information about these two recalls. tell us more. >> hi there tracy. that's right, well, two items sold exclusively at walmart are being recalled. the first involving about a table to table highchair by graco. the rear legs of the highchair can pivot out of position making it unstable and posing a fall hazard. five injuries have been reported....
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landon dowdy joins us with more on those numbers >> that's right. shares of anheuser-busch moving higher after better-than-expected earnings. they reported higher profit in the fourth quarter thanks to savings from the sabmiller acquisition and a rebound in brazil despite the strong finish, ab inbev is still struggling in the u.s. as budweiser and bud light continue to lose market share to wine an spirits and as consumers switch to beers to smaller craft brewers. the company saying we're not satisfied with our market share per forl mformance and are workr to balance the equation. beer sales have fallen 15% since 2008 analysts and ab inbev are optimistic about 2018. brett cooper noting that q1 is expected to be weak, but we should see improvement over the balance of the year. the stock down about 11% in the past year and up 5% in early trading. >> landon, thank you very much >>> spotify announcing plans to go public. the streaming service filed for a direct listing of shares on the nyse, this means spotify will be able to list existing shares without
landon dowdy joins us with more on those numbers >> that's right. shares of anheuser-busch moving higher after better-than-expected earnings. they reported higher profit in the fourth quarter thanks to savings from the sabmiller acquisition and a rebound in brazil despite the strong finish, ab inbev is still struggling in the u.s. as budweiser and bud light continue to lose market share to wine an spirits and as consumers switch to beers to smaller craft brewers. the company saying we're...
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landon dowdy has more on that. >>> trouble in toy land.ources tell cnbc that toys "r" us could close down its entire u.s. business, though the situation is still fluid that news is impacting shares of hasbro and mat tetel in early trading. hasbro off by 2.5% mattel off by 5% both retailers said the bankruptcy last year affected their business toys "r" us filed for chapter 11 in september amid fierce competition from walmart, amazon and as more shoppers buy online toys a"r" us obtained a 3.$3.5 billion loan to keep running, but they were risking breaching the terms of the loan following a disappointing holiday season sales, store traffic and profits fell short of what they told lenders to expect. toys "r" us has more than 800 stores nationwide. back over to you >> thank you very much for that. >>> some other stocks to watch, wynn resorts agreed to pay 2$2.6 billion to settle a lawsuit by japan's universal entertainment, this would end a six-year dispute between steve wynn and his former associate it stems from allegations that ocado violate
landon dowdy has more on that. >>> trouble in toy land.ources tell cnbc that toys "r" us could close down its entire u.s. business, though the situation is still fluid that news is impacting shares of hasbro and mat tetel in early trading. hasbro off by 2.5% mattel off by 5% both retailers said the bankruptcy last year affected their business toys "r" us filed for chapter 11 in september amid fierce competition from walmart, amazon and as more shoppers buy online...
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. >>> landon dowdy is monitoring that in this morning cnbc business news. good morning, landon. >> hi, there, tracy. good morning. well everyone from wall street to maine street appear tuesday be rattled by president trump's proposal to impose tariffs on steel and aluminum. that's sparking worries in other countries like china, mexico could retaliate which could lead to a trade war. several industries have criticized the move and threaten u.s. economic growth and consumers. as for the markets the stocks are set to open lower this morning. the dow falling for a third straight day and posting its first three day losing streak of the year. the nasdaq losing 92 to 7180. >>> well, bracing for the worst. our team storm coverage continues. nbc 10's matt delucia joips ns live in atlantic city. >> reporter: we're going to tell you how some of the other shore towns are getting ready for the storm coming up. >>> you're taking a live look at your radar right now. the system is right over our area. you can see the cold side with the snow rapping around the back end. i'm
. >>> landon dowdy is monitoring that in this morning cnbc business news. good morning, landon. >> hi, there, tracy. good morning. well everyone from wall street to maine street appear tuesday be rattled by president trump's proposal to impose tariffs on steel and aluminum. that's sparking worries in other countries like china, mexico could retaliate which could lead to a trade war. several industries have criticized the move and threaten u.s. economic growth and consumers. as...
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lynnwo landon dowdy with that and more in the cnbc business report. >> reporter: hi, good morning. amazon is expanding its offer for discounted prime memberships to people on medicaid. this comes about nine months after amazon began offering discounts to lower income americans who receive a government aid. to qualify for the membership, $5.99 a month, you must provide a valid electronic benefits transfer or my kid card. you can renew your prime relationship at the discounted rate annually for up to four years. >> how about the markets? u.s. and global investors are jittery after the resignation of the president trump's chief economic adviser and threat of new tariffs. talk about that. >> reporter: that's right. all impacting the markets. president trump may formally announce his plan to impose tariffs on foreign imports of steel and aluminum. that prompted the resignation of top adviser gary cohn which rattled wall street. traders say it's not so much about cohn's departure but that he was seen as a voice of stability and spokesperson for the financial markets. his exit adds to fea
lynnwo landon dowdy with that and more in the cnbc business report. >> reporter: hi, good morning. amazon is expanding its offer for discounted prime memberships to people on medicaid. this comes about nine months after amazon began offering discounts to lower income americans who receive a government aid. to qualify for the membership, $5.99 a month, you must provide a valid electronic benefits transfer or my kid card. you can renew your prime relationship at the discounted rate annually...
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. >>> good morning, i'm landon dowdy and here are today's top business headlines. wall street is set to open higher this morning after yesterday's big rally. the dow snapping a four day losing streak as investors looked beyond the threat of a global trade war sparked by president trump's tariff announcement to focus more on positive economic data. we will get a report this morning on factory orders. the dow jumping 336 points to 24,874, the nasdaq rising 72 to 7,330. in order strum has rejected an offer to take the retailer private. that bid worth $8.4 billion is less than the company's actual market value. the move comes as the industry is facing a record number of store closures as more shoppers are choosing to buy online. nordstrom gets a quarter of its revenue from online sales. >>> walmart is taking on amazon and blue apron. their kits cost between 8 and 15 bucks and range from pot roast to steak deshone. they are available at 250 stores and will be in 2,000 locations by the end of the year you will have the option to buy them through walmart online grocery pi
. >>> good morning, i'm landon dowdy and here are today's top business headlines. wall street is set to open higher this morning after yesterday's big rally. the dow snapping a four day losing streak as investors looked beyond the threat of a global trade war sparked by president trump's tariff announcement to focus more on positive economic data. we will get a report this morning on factory orders. the dow jumping 336 points to 24,874, the nasdaq rising 72 to 7,330. in order strum has...
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landon dowdy with more in the cnbc business report. >> reporter: good morning. paperwork to go public. a move that's been long anticipated. it's not a traditional ipo. the company will directly list its stock on the new york stock exchange without raising money by selling shares in an offering. the world's largest music streaming service has 159 month customers -- 159 million customers, and 71 million are paying customers. most of the revenue goes to paying song licensing fees to music publishers. >>> a quick check of the markets. we could see red arrows to kick off the month of march after the markets sold off to close out february. the dow falling 380 points with more than half coming in the final hour of trading. investors say the markets aren't sure what to expect from the federal reserve this year. and uncertainty over how many times the fed will raise interest rates could linger for the next several months. back to you. >> thanks. talk to you tomorrow. >>> 5:26. coming up, guns and ammo. two major retailers toughen up gun restrictions. >>> potentially dang
landon dowdy with more in the cnbc business report. >> reporter: good morning. paperwork to go public. a move that's been long anticipated. it's not a traditional ipo. the company will directly list its stock on the new york stock exchange without raising money by selling shares in an offering. the world's largest music streaming service has 159 month customers -- 159 million customers, and 71 million are paying customers. most of the revenue goes to paying song licensing fees to music...
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>>> good morning, i'm landon dowdy live at cnbc world headquarters.l street could see green arrows at the opening bell this morning, stocks were mixed yesterday, though. the dow falling on lingering concerns about a possible trade war after donald trump imposed tariffs on steel and aluminum experts. investors worry other country could retaliate. we get data today on consumer price inflation. the dow falling 157 points to, 178, the nasdaq rose 27 to 7,588. >>> president trump is blocking broad come's $117 million hostile takeover offer for qualcomm citing national security concerns. it would have been the biggest tech deal ever. broad com's headquarters are in singapore but they are in the process of relocating to the u.s. they warn it could have brought broaden implications with china and 5g wireless technology. this is the second time president trump has blocked a merger deal. >>> and the world's most valuable company is approaching a big milestone. apple's market value is at an all time high of more than $922 billion and it could soon be the first c
>>> good morning, i'm landon dowdy live at cnbc world headquarters.l street could see green arrows at the opening bell this morning, stocks were mixed yesterday, though. the dow falling on lingering concerns about a possible trade war after donald trump imposed tariffs on steel and aluminum experts. investors worry other country could retaliate. we get data today on consumer price inflation. the dow falling 157 points to, 178, the nasdaq rose 27 to 7,588. >>> president trump...
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. >>> good morning, i'm landon dowdy and here are today's top business headlines. wall street is set for a slightly higher open this morning. the markets are not reacting that much to news that president trump has agreed to meet face-to-face with north korean leader kim jong-un. asian markets were mostly higher. investors are paying close attention to the monthly u.s. jobs report which is out before the opening bell. now, it's expected to show hiring continued at a brisk pace last month, pushing unemployment to a more than 17-year low. the dow rising 93 points yesterday to 24,895, the nasdaq was up 31 to 7,427. >>> toys "r" us may soon liquidate its u.s. operations although the situation remains in flux. the retailer filed for bankruptcy in september as it struggled with $5 billion in debt. a disappointing holiday shopping season has hurt chances of recovery and now some of the company's lenders have been aggressive in pushing for liquidation. shares of big toy makers such as hasbro and mattel are lower in free market trading this morning. both have said that toys
. >>> good morning, i'm landon dowdy and here are today's top business headlines. wall street is set for a slightly higher open this morning. the markets are not reacting that much to news that president trump has agreed to meet face-to-face with north korean leader kim jong-un. asian markets were mostly higher. investors are paying close attention to the monthly u.s. jobs report which is out before the opening bell. now, it's expected to show hiring continued at a brisk pace last...
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. >>> good morning, i'm landon dowdy and here are today's top business headlines. wall street could open slightly lower this morning. investors are eyeing political developments in europe as italy is set for a hung parliament and german chancellor angela merkel is headed for a fourth term. continued concerns about a global trade war and that would hit european and nafta allies more than china. we get economic data on the services sector, manufacturing, productivity and the jobs report. on friday the dow fell 70 points to 24,538, the nasdaq rose 77 to 7,257. >>> amazon fires the latest shot in its ongoing fight with google. it will stop selling all nest home automation products such as smart thermostats. nest products may be available through third party vendors on amazon. nest was absorbed into google after being a stand-alone unit. amazon is expanding into the home business with its recent purchase of ring but it's also refused to sell the google home device and pixel smart phones. google has pulled youtube from amazon fire tv and echo devices. >>> up in the sky i
. >>> good morning, i'm landon dowdy and here are today's top business headlines. wall street could open slightly lower this morning. investors are eyeing political developments in europe as italy is set for a hung parliament and german chancellor angela merkel is headed for a fourth term. continued concerns about a global trade war and that would hit european and nafta allies more than china. we get economic data on the services sector, manufacturing, productivity and the jobs report....
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landon dowdy has more. >> reporter: the miami inteational boat show attracts marine enthusiasts from around the world for a sneak peedu at the ry's latest innovations. and this year, a rising tide is lifting all boats. >> yacht sales and all boat sales are being driven by, ctain, consumer confidence, the wealth ef people just feel good today. >> reporter: the industry is entering its seventh straight year of growth. and though ghewth in t number of boats sold annually is ctually slowing the average cost of a new vessel is on the rise. consume remembers opting for bier boats and higher horsepower outboards. this brunswick 3'8" boston whaler yacht retails forlmost $1 million. it comes fully loaded with new smart boat featuresin allow boat owners to monitor things like battery charge and oil levels remotely. plus autonomous driving technology to help with navigationt sea. d docking ashore. >> nailed it. >> nailed it. >> reporter:or thosen the market for a boat or a yacht losely he stock market and there may have been some concern with the recent volatility but it wasn't enough to teople
landon dowdy has more. >> reporter: the miami inteational boat show attracts marine enthusiasts from around the world for a sneak peedu at the ry's latest innovations. and this year, a rising tide is lifting all boats. >> yacht sales and all boat sales are being driven by, ctain, consumer confidence, the wealth ef people just feel good today. >> reporter: the industry is entering its seventh straight year of growth. and though ghewth in t number of boats sold annually is...
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." >>> good morning, i'm landon dowdy and here are today's top business headlines. wall street is set to open lower this morning, stocks stalled off yesterday following president trump's announcement of steep tariffs on imports of steel and aluminum. that's sparking the fear of a possible trade war with china, canada and brazil, it's also adding another layer of uncertainty for jittery investors as trade tensions could threaten the u.s. economy and companies as well as consumers. the dow falling for a third straight day and posting it's third day losing streak of the year, the index closing down to 24,608. ll bean will no longer sell guns or ammunition to anyone under the age of 21. it joins walmart and dick's sporting goods in changing policy in the wake of the florida school shooting. ll bean only sells firearms at its flagship store in maine and does not sell assault weapons and handguns. rei has stopped selling products made by vista. rei does not sell guns or ammo in its stores. >>> uber has launched a new service to offer rides to and from the hospital or doct
." >>> good morning, i'm landon dowdy and here are today's top business headlines. wall street is set to open lower this morning, stocks stalled off yesterday following president trump's announcement of steep tariffs on imports of steel and aluminum. that's sparking the fear of a possible trade war with china, canada and brazil, it's also adding another layer of uncertainty for jittery investors as trade tensions could threaten the u.s. economy and companies as well as consumers....
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here is landon dowdy who will fill us in. good morning. >> good morning.et looks to start this week with gains. asian and european markets are higher today. markets rallied friday after we got the much better than expected jobs report. payrolls jumped by 313,000, the biggest increase we've seen since july of 2016. investors will [ inaudible ] this week on inflation, retail sales, housing and the consumer. twitter headed to the soccer stadium. they have struck a three year diehl including at least 24 live matches. twitter will turn to univision with broadcasts into english language streams for users. and coming soon to a front porch near you package delivery by drone. the wall street journal says commercial drones are expected to begin limited deliveries as soon as this summer. the faa has approved at least ten pilot programs to start in may, however, the full green light could still be delayed as companies can't overcome a lingering concern by local and national law enforcement agencies. back over to you. >> that whole safety aspect too. landon, thank you.
here is landon dowdy who will fill us in. good morning. >> good morning.et looks to start this week with gains. asian and european markets are higher today. markets rallied friday after we got the much better than expected jobs report. payrolls jumped by 313,000, the biggest increase we've seen since july of 2016. investors will [ inaudible ] this week on inflation, retail sales, housing and the consumer. twitter headed to the soccer stadium. they have struck a three year diehl including...
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. >>> the new tariffs could present some opportunity for your money landon dowdy is looking at some of the winners and losers. >> well, the tariff news rattling stocks on the process of an imminent global trade fight. the dow and s&p falling 1.5% as of yesterday's close, here are the winners and losers cleveland cliffs up 10% for its best day since october ak steel up 9.5% united states steel up 6%. the prospect of the tariffs was cheered by steel and aluminummakers in the u.s. who say their businesses have been decimated and thousands of jobs lost due to other nations dumping cheap products in the country. it's scary for automakers and suppliers, boat and plane manufacturers and beer companies as it could lead to higher cost and fan the flames of fresh inflation anxiety. kratos down 8%, curtiswright down 6%. >>> let's bring in guy adami good morning to you. a big selloff yesterday in reaction to this there's the washington chaos aspect there's the threat of inflation aspect, there's the threat of retaliation aspect which of those is the biggest reason for markets to fear >> the fourth
. >>> the new tariffs could present some opportunity for your money landon dowdy is looking at some of the winners and losers. >> well, the tariff news rattling stocks on the process of an imminent global trade fight. the dow and s&p falling 1.5% as of yesterday's close, here are the winners and losers cleveland cliffs up 10% for its best day since october ak steel up 9.5% united states steel up 6%. the prospect of the tariffs was cheered by steel and aluminummakers in the...
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. >>> absolutely and now "the shape of water" taking home an oscar landon dowdy is joining us >> theig winner for the night, "the shape of water" best picture, gary oldman for "darkest hour" and frances mcdormand, thanked every single person in the building before she asked all of the female nominees to stand in reference to diversity in film contracts and that continued when three of harvey weinstein's accusers took the stage highlighting the importance of diversity in film. and disney making kobe bryant a contributor for "dear basketball" and then a surprise one, guys, netflix grabbing the golden statue for best documentary for "icceris." >>> some stocks to watch, including a $15 billion deal in the insurance space. >>> and later, we're headed to the front lines of the trade war. reaction to president trump's big tariff announcement. "worldwide exchange" is live in fuel country when we return. but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours. ♪ everything is working, just like it should ♪ - anncr: as you grow
. >>> absolutely and now "the shape of water" taking home an oscar landon dowdy is joining us >> theig winner for the night, "the shape of water" best picture, gary oldman for "darkest hour" and frances mcdormand, thanked every single person in the building before she asked all of the female nominees to stand in reference to diversity in film contracts and that continued when three of harvey weinstein's accusers took the stage highlighting the...
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let's begin with landon dowdy and fresh xhechbt comments from u.s.turer. >> harley davidson speaking out saying they support free and fair trade >> harley davidson saying we support free and fair trade, import tariffs on steel and aluminum will drive up costs for all products made with these raw materials, regardless of origin. additionally a punitive retaliatory tariff on tarly davidson motorcycles in any market would have significant impact this comes as the european commission's president threatens to impose tariffs targeting harley bikes if president trump follows through on his plan. the eu warns the response would be swift, firm and proportional. how does that impact hog about 16% of harley's sales are from europe. as far as material costs, only about 7% of its costs of goods are related to metals. the analyst says since harley sources most material domestically, the likely hit would be about tencent cents >>> canada's steel industry is facing its worst case scenario if president trump's tariffs do go into effect dee bosa has more on that angle
let's begin with landon dowdy and fresh xhechbt comments from u.s.turer. >> harley davidson speaking out saying they support free and fair trade >> harley davidson saying we support free and fair trade, import tariffs on steel and aluminum will drive up costs for all products made with these raw materials, regardless of origin. additionally a punitive retaliatory tariff on tarly davidson motorcycles in any market would have significant impact this comes as the european commission's...
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landon dowdy has been working on that side of the story >> good morning.ho would be most impacted in a trade retaliation steel and aluminum would likely take the first hit in a trade car. in 2017 u.s. steel exports were up 12% to 7 pr.6 million metric tons there are trhree states to focus on wisconsin, the homestate of paul ryan it's home to harley davidson frequently that's mentioned as a target on the retaliatory short list the country relies on europe for 16% of sales another wisconsin product that may take a hit is cranberries. the badger state is the top producer of the fruit. second, kentucky with bourbon. the home of senate majority leader mitch mcconnell brown-forman gets 26% of its revenue from europe. peanut butter also may be taking a hit. j.m. smuckers has its biggest production facility in lexington. orange juice in florida. pepsico owned and they rely on 16% of sales from europe eu also targeting cosmetics. cody gets 43% of its revenue from the region. we'll see what happens as president trump gets set to make this announcement. >> landon, th
landon dowdy has been working on that side of the story >> good morning.ho would be most impacted in a trade retaliation steel and aluminum would likely take the first hit in a trade car. in 2017 u.s. steel exports were up 12% to 7 pr.6 million metric tons there are trhree states to focus on wisconsin, the homestate of paul ryan it's home to harley davidson frequently that's mentioned as a target on the retaliatory short list the country relies on europe for 16% of sales another wisconsin...
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. >> landon dowdy with more on that and a the rest of our news before the bell. good morning again, landon. >>> good morning to you. wall street is set to open higher after yesterday's big rally. the dow snapping a four-day losing streak as investors looked beyond the theft of the tariff announcement. we get reports this morning ong factory orders. the dow jumping 336 points to 24,874, the nasdaq rising 72 to 7,330. nordstrom has rejected an initial offer from its founding family to take the retailers private. that bid worth about $8.4 billion is less than the company's actual market value. the move comes as the industry is facing a record number of store closures and as more shoppers are choosing to buy online. nordstrom gets more than a quarter of its revenue interest online sales. amazon is expanding its two hour delivery service from whole foods to two more markets, that's san francisco and atlanta. the service is free for prime members on orders of $50 -- more than $35, rather. other cities are expected later this year. customers in san francisco, listen up,
. >> landon dowdy with more on that and a the rest of our news before the bell. good morning again, landon. >>> good morning to you. wall street is set to open higher after yesterday's big rally. the dow snapping a four-day losing streak as investors looked beyond the theft of the tariff announcement. we get reports this morning ong factory orders. the dow jumping 336 points to 24,874, the nasdaq rising 72 to 7,330. nordstrom has rejected an initial offer from its founding family...
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. >> we turn to landon dowdy. good morning. >> good morning to you both as well.l street could see green arrows at the open this morning, stocks were mixed yesterday, though, the dow falling on lingering concerns about a possible trade war after president trump imposed tariffs on steel and aluminum imports. canada and mexico are excluded for now, investors worry other countries could retaliate. the dow falling 157 points to 25,178, the nasdaq rose 27 to 7,588. president trump is blocking broadcom's $117 billion hostile takeover offer for qualcomm citing national security concerns. it would have been the biggest tech deal ever. broadcom's headquarters is in i think is a for but the company is in the process of relocating to the u.s. a raeg tore panel had warned that the bid could have broader implications for competition with china. this is the second time president trump has blocked a merger deal following at&t and time warner last year. >>> and the world's most valuable company is approaching a big milestone. apple's market value is at an all time high of more th
. >> we turn to landon dowdy. good morning. >> good morning to you both as well.l street could see green arrows at the open this morning, stocks were mixed yesterday, though, the dow falling on lingering concerns about a possible trade war after president trump imposed tariffs on steel and aluminum imports. canada and mexico are excluded for now, investors worry other countries could retaliate. the dow falling 157 points to 25,178, the nasdaq rose 27 to 7,588. president trump is...
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. >> let's check in with landon dowdy live at cnbc world headquarters. good morning. >> hi. good morning to you. wall street is set to open higher this morning after yesterday's big rally. the dow snapping a four day losing street and i'm investors looked beyond the threat of a global trade war sparked by president trump's at that riff announcement. we get a report this morning on factory orders. the dow jumping 336 points to 24,874, the nasdaq rising 72 to 7,330. nordstrom has resocial securitied an initial offer from it's founding family to take the retailer private. that bid worth about $8.4 billion is less than the company's actual market value and the move comes as the industry is facing a record number of store closures as more shoppers are choosing to buy online. north strom gets more than a quarter of its revenue from online sales. walmart is launching its own line of meal kits to take on amazon and blue apron. the kits cost between 8 and $15 and range from one step and you're done offerings like pot roast to more flexible preportioned kits like steak dijon, they're
. >> let's check in with landon dowdy live at cnbc world headquarters. good morning. >> hi. good morning to you. wall street is set to open higher this morning after yesterday's big rally. the dow snapping a four day losing street and i'm investors looked beyond the threat of a global trade war sparked by president trump's at that riff announcement. we get a report this morning on factory orders. the dow jumping 336 points to 24,874, the nasdaq rising 72 to 7,330. nordstrom has...
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. >> let's check in with landon dowdy live at cnbc world headquarters. good morning. >> hi, marcus and laura. good morning. wall street looks to see green arrows at the opening bell this morning. stocks were mixed yesterday. the dow falling on lingering concerning about a possible trade war after president trump imposed care rifs on steel and aluminum imports. canada and mexico are excluded for now. investors worry other countries could retaliate. data out moments ago on consumer price inflation showing a rise from the prior month. the dow falling 157 poins to 25,178, the nasdaq rose 27 to 7,588. president trump is blocking broadcom's $117 billion hostile takeover offer for qualcomm citing national security concerns. this would have been the biggest tech deal ever. broadcom's headquarters is in singapore but the company is in the process of relocating to the u.s. a regulatory panel that reviews foreign deals had warned the bid could have broaden implications for competition with china and areas such as 5 g wireless technology. this is the second time pre
. >> let's check in with landon dowdy live at cnbc world headquarters. good morning. >> hi, marcus and laura. good morning. wall street looks to see green arrows at the opening bell this morning. stocks were mixed yesterday. the dow falling on lingering concerning about a possible trade war after president trump imposed care rifs on steel and aluminum imports. canada and mexico are excluded for now. investors worry other countries could retaliate. data out moments ago on consumer...
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which industries could be targeted landon dowdy joins us. ports for us from san francisco. landon, let's start with you they're threatening bourbon? there they're threatening the bourbon. if the eu retaliates against the u.s., it probably won't be against u.s. steel because the eu doesn't import much steel from the u.s it's actually less than 1% for the biggest economies. a more likely target, high profile consumer products from states with political connections, wisconsin, the home of paul ryan, is home to harley davidson the company relies on europe fo 16% of its sales and wisconsin is the largest producer of cranberries. the u.s. exports about 95 million pounds of cranberries to the european union each year second, kentucky with bourbon, another target, the home of senate majority leader mitch mcconnell and firms which give 26% of its revenue from europe peanut butter may also be on the list jm smuker has its biggest factory right there in kentucky, and one more, florida, orange juice. another mention on the retaliatory list, pepsi co owne
which industries could be targeted landon dowdy joins us. ports for us from san francisco. landon, let's start with you they're threatening bourbon? there they're threatening the bourbon. if the eu retaliates against the u.s., it probably won't be against u.s. steel because the eu doesn't import much steel from the u.s it's actually less than 1% for the biggest economies. a more likely target, high profile consumer products from states with political connections, wisconsin, the home of paul...
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of the day, the beer industry also weighing in on the president's proposed tariffs on aluminum landon dowdyse details >> that's right, the beer industry weighing in they say, quote, we're disappointed with president trump's announcement of a 10% tariff on aluminum like most brewers, we are selling an increasing amount of our beers in aluminum cans and this action will cause aluminum prices to rise, and it's likely to lead to job losses across the beer industry. we buy as much domestic can sheet aluminum is as available however, there simply isn't enough supply to satisfy the demanldz of american beverage makers like us, american workers and consumers will suffer as a result of this misguided tariff. looking at the stocks, shares are pretty flat right now. we have reached out to other beverage companies and we'll keep you updated >> landon, thank you very much >>> well, meantime, the energy sector finished its worst month in eight years straight ahead, we'll tell you what companies may be ready to ride out the downturn. who could get washed out >> plus, a former senior trade adviser to the t
of the day, the beer industry also weighing in on the president's proposed tariffs on aluminum landon dowdyse details >> that's right, the beer industry weighing in they say, quote, we're disappointed with president trump's announcement of a 10% tariff on aluminum like most brewers, we are selling an increasing amount of our beers in aluminum cans and this action will cause aluminum prices to rise, and it's likely to lead to job losses across the beer industry. we buy as much domestic can...