they began selling shares on the new york stock exchange today. this ipo is different. a distinct difference. they're raising shares by selling new shares. the unusual route is a test case for companies like uber and lyft. the new york stock exchange is at a price of $132, in fact shares nearly $166 and closed at $150. that puts spotify's valuation at close to $72 billion. the new york stock exchange tried to honor the its swedish h roots by celebrating the ipo. the problem is they flew the swiss flag instead.instead.inst. >>> janet jackson will be one of the headliners at the outside mu lands music festival in san francisco. that's the promotional video put out today for the 11th annual tradition that runs august 10 through the 12. the other performers include the weekend, florence and the machine, beck, and huey lewis and the news. general admission tickets will go on sale on thursday. >>> there's estate sales and then there's this, the san francisco armory has been around a long time, now it's selling pretty much everything, including a torture rack and erotic art. w

fishermans q we'll keep following those developments with you thank you very much from the new york stock exchange. now the u.s. might be seeking a trade war but international cooperation is still up and running take the german american skills initiative for example the program is trying to introduce germany's well established system of dual education to the united states the concept combines classroom learning with hands on vocational training the german american chambres of commerce started the cooperation with the u.s. and german governments three years ago and as our correspondent reports from the southern us state of georgia the initiative is becoming increasingly popular. it's seven in the morning and colin mckeon is already at work the seventeen year old is training as an industrial mechanic at e.g. oh it's an american tech from in union you had lent producing components for household appliances coats three year apprenticeship is based on the german educational model and he even gets paid and nobody in the u.s. where apprenticeships are often unpaid provide only basic training and have a ba

for more let's now bring in our financial correspondent at the new york stock exchange sophie who has been following these developments very closely so few we've seen a crazy week on wall street with ups and downs until now i have the impression that investors don't really want to believe that these terrorists will harm the u.s. economy that that somehow changed today. yeah i think investors are really starting to get nervous looking at all the back and forth and trade policy there our politicians taking yet another stance on the possibility of a trade war almost every day and the market seems to be caught up in this without being able to really stand on top of all this with a clear vision friday's losses wiped out again for the weekend that out jones back into the correction territory so it does seem like this is taking a toll on investors here and if you think back it was actually amazing how calm the markets reacted to trade to our concerns in the beginning of the year they simply frak them off but eventually investors are not immune to the daily back and forth between china and th

fearless girl is being moved by the end of the year facing the new york stock exchange. anne-marie. >> i'm sure she'll be just as possible in her new location. diane king hall at the new york stock exchange. thank you so much, diane. >> thank you. >>> still to come, an invitation to the home of the future. >> reporter: i'm chris martinez at the scene at smart home in san francisco. we're taking you inside what they call the ultimate guide to smart living. they call the ultimate guide to smart living. a type of irregular heartbeat not caused by a heart valve problem. but no matter where i ride, i go for my best. so if there's something better than warfarin, i'll go for that too. eliquis. eliquis reduced the risk of stroke better than warfarin, plus had less major bleeding than warfarin. eliquis had both. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, y

music streaming service spotify will make it's debut on the new york stock exchange later today, but it's not your usual share sale. we'll explain how the company does it differently. and france is bracing for travel chaos, as train drivers and air france pilots go on strike in protest over president macron‘s labour reforms. and, on the markets, there were falls across asia and the us, with china's retaliatory tarffs rattling investors. and, in asia specifically, the sell—off of once—much—favoured us technology shares deepened, as us president donald trump attacked amazon over the pricing of its deliveries through the united states postal service and promised unspecified changes. there's been a sea of red on international stock markets this morning after us technology stocks staged massive drops and volatility increased in the wake of a possible trade war between the usa and china. let's go to our asia business hub, where shara njjit leyl is following the story. hi, sharanjjit. the markets are really rattled. that is right, somewhat rattled, because we saw the shades of red, as you sa

to analyze the other side of the atlantic at least with our financial correspondent at the new york stock exchange yes we know that has had a rough time in the u.s. how is it looking right now and what challenges could be on the way for the new boss. his spin recovered quite a bit in the past couple of months after the diesel scandal here in the united states if you look at the months of march for example of bargain was able to increase sales here in the united states by almost eighteen percent and was that much better than their competitors here on the u.s. markets are looking ahead to tries to achieve a market share of roughly five percent in the next couple of years here in the united states but that's not going to be easy to achieve the goal if you look at

go to the florida of new york stock exchange where our own nicole petallides is. re you hearing from the traders this afternoon? >> they're just trying to get used to the volatility. we're down 716 points. nasdaq just turned negative for the year. they are trying to digest everything from the trade war tariffs and threats because nothing has been put in place in fact. of course our fed head's comments that the rate hikes are going to be right on track. so let's break it down right now. you see the dow down nearly 700 points. 2.8%. for the week, dow, nasdaq and s&p are all lower. we were thinking two ex-up in a row. doesn't look that is happening. treasury yields are dropping. that safe haven gold jumping, safe haven. we're seeing those moves. let's look at dow laggards, names related to trade tariffs, caterpillar, boeing to name a few. nike, jpmorgan, general electric taking a leg to the downside. white house is looking closely at the tax treatment of this behemoth which many of us use, year-to-date a dinner. today down 3%. the tech "fang" stocks, overall one of th

news about amazon and alphabet, the parent of google. you can see both stocks look like they're moving because they're mostly traded on other exchanges like the nasdaq. but there is a glitch at the new york stock exchange that is preventing trading of these two widely held stocks. nicole, what can you tell us now? reporter: this is a program that rolled out here at the new york stock exchange. it's a new program in order to trade stocks such as nasdaq stocks, such as exchange traded funds. brand new program that they are rolling out bit by bit since april 9th. the stocks that were due to trade today, alphabet, google, amazon and a few other, five names in particular, were not able to be traded because of an issue. they've never traded here in this particular format. it's not killing market share, it's not changing the privacy the stocks which trade away at the nasdaq and more than 10 other exchanges. tomorrow, they will try and get this right. this is something we used to trade these nasdaq-type stocks, then took it away. trading on the amex under the new york stock exchange. they took it away. they brought it back under the b and c tapes in order to bring liquidity, but not affecting th

but first to richard quest at the new york stock exchange. e feeling there that the u.s. is now in a trade war with china? >> well, if it's not in a trade war it is more close than it ever would wish to be in a dispute with its largest trading or large trade partner and the second largest economy in the world. we can have a nice semantic argue mtd whether this is or is not a trade war, but the reality is this, these are the facts. the u.s. imposed tariffs on steel, china responded. the u.s. yesterday announced plans to impose tariffs for intellectual property theft within 24 hours and the chinese have responded. now, if this is not a trade war, just because the -- the trigger hasn't been pulled, it's a war in everything but name. you have the arsenal and the weapons. they have been uncovered. they are now on the battleground. they are now facing each other. all we are now talking about if you want to be -- on this issue, those who say no it is a trade war, no it's not a trade war, all we're talking about now is firing the gun. the reality is,

point being, there are other specific news that when intel comes out with its earnings, could surprise to the upside >> down to the new york stock exchange and checking in with bob pisani waiting for the direct listing of spotify had a 132 reference price. the last indication you had was 167 to 170 >> that's right. it's been a slow process, but we're moving towards a very narrow range so a half an hour ago, we were at 155 to 165. then it went to 165 to 70. so instead of a $10 spread, it went to a $5 spread. then 167 to 170. 170 spotify be valued at roughly $30 billion. what we're waiting for is the final building of what could be called the book. they're trying to match up all the potential buyers and sellers. why does the price go from 165 to 170 because at some point at the last minute, buyers will come in and say i'm going to bid more for that stock or sellers will say i'm going to withdraw my offer, hold out. i think the price might go higher after we start trading. it's a dynamic process difficult to indicate what's going on let's look at what's going on. this you see peter he's designated market maker he's in touch with morgan stan

it's above the reference price of $132 set by the new york stock exchange, but it is well below the openingrade yesterday of $165.90. >>> up next, we're going to take you down to the floor of the new york stock exchange where th traders there are no doubt suffeng from whiplash. gerri willis talking to the traders when "countdown" comes right back. the dow is up 179, make that 180 points. . liz: in the commercial break, we went up nearly 200 points for the dow. clearly the bulls have a fierce grip on stocks that the second. a dramatic turnaround on wall street. we have clocked a 713-point swing from low to high for the dow jones industrials. i want to know, gerri willis, what are the traders and teddy weisberg saying about this relief rally? >> it's unbelievable. and they track it down to larry kudlow, with larry kudlow, larry kudlow, that's what they think it's about. let me tell you about the winners in the market. ibm, nike, coke, microsoft, united health, you notice this is a broad and diverse group of stocks, many international. the s&p 500 leaders elenore corp., dr horton, under armour

thank you very much from the new york stock exchange. that is often the business dax -- desk. one politician is breathing a sigh of relief. >> hungary goes to the polls, the prime minister, is seeking a fourth term. opinion polls show his party has a comfortable lead but hungary's complex electoral system makes the outcome difficult to predict. our correspondent is in hungary to cover sunday's parliamentary election for us. she sent us this report from the capital, but a past. -- budapest. the governing party produced billboards like this. it has been two and half years at the train station looks like this. it was packed with stranded refugees and although hardly any has been granted asylum, it remains the main topic of the governing party. its leader, the prime minister, talks of an invasion by muslims. he is campaigning with the message hungary first. i want to know what our refugees the basic -- biggest concern? >> i care about the health care system. it is in ruins. >> migrants would want -- not want to settle down. what is important is to make sure he does not win. >> mig

off what reuters is moving right now on twitter under their breaking news handle they say the new york stock exchangeld also tell you, we're investigating this as well, the new york stock exchange says trading has been suspended in amazon, a company called booking holding, google, and another company called zion oil and gas, for the balance of the trading day due to what they term a price scale code issue. i don't know what that means but we're going to figure it out, or at least attempt to. some of the stocks obviously are listed on the nasdaq so they're continuing to trade but this is an interesting headline that we are trying to figure out at this very moment we'll give you more information, hopefully, in just a matter of minutes. say it again, jason? okay let's move for a moment and talk about some stocks that are making moves in today's blitz. our desk trading today, wynn, costco, texas instruments, anthem, and twitter. we'll do that next on the other side of the break. it's great to finally meet you. your parents have been talking about you for years. they're all about me saving for a house, or

when the two largest economies in the world the stock market is dropping it's having a big impact not just on the new york stock exchange draw on the global economy so people wonder if donald trump is going to be invoking the stock market any time soon. reporting live from new york city here in moscow is kevin i've been saying thanks for watching this. with more in thirty five minutes and we've got well great programs lined up for you in your part of the world but after this break. others financial survival guide i don't find any i passed on a few. of the five. as of last summer buying from the future trucker watch kaiser. also was to question whether it was very reasonable to react with sanctions under braking the dialogue between the russia and the western countries. is one of those countries that is firmly convinced that it is necessary and will be necessary to keep up this dialogue and still talk. about all the methods. manufactured in sentenced to the public will. when the ruling class is protect themselves we go round to the one percent. we can all middle of the room sick. maybe dog will be. back by blue blue blue

in the two largest economies in the world the stock market is dropping it's having a big impact not just on the new york stock exchange on the global economy so people wonder if donald trump is going to be invoking the stock market any time selling in new york city that was caleb maupin here in moscow kevin zero in fines for watching the news of the eleven more for me in half an hour more great programs for you and your part of the world right after this break. to. join me every thursday on the alex simon sure and i'll be speaking to guest of the world of politics sports business i'm showbusiness i'll see you then. before hard sell you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battle is going. to do socks for the tell you that would be gossip and probably less well. off i'm telling you pulling out by products. of the hawks that we all adore would want. then what my work i'm reading will read like a lot. more yours will pull you out of the. good obit and democracy and what about and i didn't do we will always be the good is it also. muslim or no i'm going to go home. go

the lone laggards. straight to the exchanges. phil flynn watching oil and goal, but first to my buddy ashley webster on the floor of the new york stock exchange. slightly different mood on the floor today. reporter: most definitely, david. what's new? we were on the upside. we claud back on the dow almost everything we lost yesterday. down almost 400 yesterday, up 387 on the dow. 24,031. the s&p up 1.25% at 2614, which is above that 2900 or thereabouts -- i'm sorry, 2590 200-day moving average. the tech stocks took such a hammering. didn't bounce back with a lot of commitment today. the tech stocks, facebook up half a percent, apple also up 1%. amazon, going to get on, that bigger story with amazon today. did recover. netflix and google/alphabet moving higher. up day for the tech sector but didn't bounce back as much as we would have liked to have done. tonight talk about amazon. a surge in amazon later in the day on a report from bloomberg that said citing sources within the trump administration that said that administration doesn't have the intent to use power against amazon, not in the short-term. i don't know how convincing that

ier, music streaming servi spotify made its debut on the new york stock exchange today. shares opened just below $144 putting the company's value at nearll $30 n. it means that spotify's two cofound remembersia now offy billionaires. robert frank looks at the founders' rise to fame and how they might spend their >> reporter: spotify cofounder daniel acco says he didn't do it for the money but today's public debut of the music streaming service made him a multibillionaire and one of the ri iest peoplethe world under age 40. the 35-year-old swede owns 9% of the company direcy and more than twice that true his investment holding companies. his stake is now worth over $2.5 billion. his cofounder, martin lawrenceson is now worth more than $3 billion. don't expect any wild celebrations of wealth from either of them. x started his first tech company when he was 14 and made his first fortune when he was 23 years old after selling his onl ad companied a verti go. he bought a ferrari, partied hardy and went to nightcls b the wealth of all those gold diggers left him feeling depress

for "nightly bu report" i'm bob pisani at the new york stock exchange. >>> hinow, the house's new $100 billion tariff threat that bob mentioned adds to the heightened tensions between the world's two largest omecs. kayla tausche follows the story from washington. >> reporter: it started monday with china hitting back on steel and aluminum tariffs, escalating thro.hout the we us and china matching each other's $50 billion tarifffo threats president trump added the potential for another $100 billion. treasury secretary steven mnuchin said this isn't a trade war yet. >>e right nowve initiated a plan. the tariffs will take some period of time to go into effect. there will be public comments. so while we are in the period before the afternhes go we will continue to have discussions, but this is the potential of a trade war. >> reporter: he says the irade wars not the objective but president trump hasn clear with president xi that he would defend the u.s. interests for free and fair trade. the two leaders he said hav a great relationship. the two countries still working on a resolution. on t

the bottom. >>> anne-marie? >> that's some good news. diane king hall at the new york stock exchange. h. >>> still to come, taking a stroll with the queen. we'll go on a garden walk at buckingham palace as queen elizabeth speaks out in a new documentary. eaks out in a new documentary. psoriasis does that. it was tough getting out there on stage. i wanted to be clear. i wanted it to last. so i kept on fighting. i found something that worked. and keeps on working. now? they see me. see me. see if cosentyx could make a difference for you- cosentyx is proven to help people with moderate to severe plaque psoriasis... ...find clear skin that can last. don't use if you're allergic to cosentyx. before starting cosentyx, you should be checked for tuberculosis. an increased risk of infections and lowered ability to fight them may occur. tell your doctor if you have an infection or symptoms. or if you have received a vaccine or plan to. if you have inflammatory bowel disease, tell your doctor if symptoms develop or worsen. serious allergic reactions may occur. never give up. see me. see me. clear

diane king hall at the new york stock exchange. ank you so much. >> thank you. >>> the make-a-wish foundation helps a little girl from arkansas realize a dream. ent, ask if xeljanz xr is right for you. xeljanz xr is a once-daily pill for adults with moderate to severe ra for whom methotrexate did not work well. it can reduce pain, swelling and further joint damage, even without methotrexate. xeljanz xr can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections, lymphoma and other cancers have happened. don't start xeljanz xr if you have an infection. tears in the stomach or intestines, low blood cell counts and higher liver tests and cholesterol levels have happened. your doctor should perform blood tests before you start and while taking xeljanz xr, and monitor certain liver tests. tell your doctor if you were in a region where fungal infections are common and if you have had tb, hepatitis b or c, or are prone to infections. xeljanz xr can reduce the symptoms of ra, even without methotre

the use of their license master card credit cards for crypto currency purchases. and the intercontinental exchange ice which also is the parent of n.y.s.e. the new york stockexchange has reached an accord to acquire the chicago stock exchange while the details of the deal are not public some news reports suggest that the value of the chicago stock exchange could be in the neighborhood of seventy million dollars and the other large global exchange operator c.m.e. group the chicago mercantile exchange group has announced they have reached an accord to acquire any x. the u.k. based exchange c.m.e. group c e. terry duffy's said the acquisition will allow c.m.e. group to create significant value and efficiencies for our clients globally and back with us discuss the new exchange purchases of former exchange c. street executive board boris thank you so much for being here it's always great to have you what do you make of this merger mania going on at these large exchanges. great to be here with you bart thanks for having me back i think these are two very different deals the larger one obviously the c.m.e. buying the next group i think what's very interesting abo

. >> i can't wait to get down to the new york stock exchange. more headlines this morning. >> good morning. spot if i will make its debut on the new york stock exchange and investors could face a turbulent first day of trading. more volatility than a typical ipo in part because there isn't anything to stabilize it and pop it up if the stock tanks. however, it could surge if there is a huge buying interest. cheryl: will be watching that. also watching wal-mart today move even further into health care. >> wal-mart in talks to acquire online pharmacy start a peer this potential acquisition comes after wal-mart was reported to be in discussions to buy a health insurer humana. both would further extend health care. they go along with that store pharmacy which would be huge if wal-mart acquires humana and its medicare patients pictures of wal-mart down 13%. cheryl: speaking of deals, general electric has just signed one. >> to streamline operations general electric have reached a deal for the health care information technology business to private equit

anne-marie. >> diane king hall at the new york stock exchange. u so much, diane. >>> thank you, anne-marie. >>> still ahead, flyer beware. the budget airline known for its ultra low fares could also be one of the country's most dangerous. o be one of the country's most dangerous. child: bye, grandpa! and if you have heart failure, entrusting your heart to entresto may help. entresto is a heart failure medicine that helps improve your heart's ability to pump blood to the body. in the largest heart failure study ever, entresto was proven superior at helping people stay alive and out of the hospital compared to a leading heart failure medicine. don't take entresto if pregnant. it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren, or if you've had angioedema with an ace or arb. the most serious side effects are angioedema, low blood pressure, kidney problems, or high blood potassium. ask your doctor about entresto. and help make more tomorrows possible. entresto, for heart failure. politjournalist:oubt y

in the two largest economies in the world the stock market is dropping it's having a big impact not just on the new york stock exchange but on the global economy so people wonder if donald trump is going to be invoking out the stock market any time sell. well for more on this issue we're now joined by american economist john perkins junk thank you very much indeed for joining us well judging by the stock market they are meeting best as they do saying rattles by and donald trump latest terrorist threat one sees that this island well i think there's no question that there's a trade war in the in the process of being made and we've seen in the past how destructive these things can be in the trade war back in one thousand nine hundred thirty really contributed to the crash of the stock market of the one nine hundred twenty nine one thousand nine hundred eighty and i think people are afraid that something like this is going to happen because definitely there's that there's a trade war going on and you know trump imposed tariffs on steel and the chinese retaliated then trump and closed tariffs on an intellectual property ri

diane king hall at the new york stock exchange. thanks, diane. >> thank you, brook. >>> still ahead, so you think you can dance? the tennessee police officer becomes a social media sensation with some very smooth moves. becomes a social media sensation with some very smooth moves. but why go back there, when you can stay home, with neulasta onpro? strong chemo can put you at risk of serious infection, which could lead to hospitalizations. in a key study, neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. applied the day of chemo, the tennessee police officer neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to neulasta or neupogen (filgrastim). ruptured spleen, sometimes fatal as well as serious lung problems, the tennessee police officer and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal cris

for "nightly business report," i'm bob pisani at the new york stock exchange. >> the first quarter earnings get uer way, he chief investment officer at whittier trust. ank you for joining us tonight. >> glad to be here. >> we talk about how high expectations are. is it warranted this time aroun do ythink? >> i think so. look, we were in the middle of an earnings recession not too long ago. om we have out of that very nicely. we haveba synchronized g kroej, corporate profits are rising. s not agle quarter this year is expected to produce earnings growth less than 16 or 18%. looking ahe to the rest of the year. we couldtake a look if at who are going to be the winners in terms of sectors and ho might be the losers. thewinners. >> look, let be careful about paying too much attention to single quarter, but as it stands right now consensus expectations call for the very energy and materials sectors to be the winner. these experiencero earningsh of at significant levels, 70%, 40%. tkeep in mindy're coming off depressed levels. rounding out the list of winners some more cyclical sectors, technolog

diane king hall is at the new york stock exchange with that and more. od morning, diane. >> good morning, anne-marie. we'll start with a little recap. so far corporate earnings are strong. more than half of the s&p 500 companies have reported a nearly 80% of beat analyst estimates. a large part of it has to do with tax cuts. they'll be watching today. now, overall for the week, stocks ended up just about where they started. >>> the world's biggest retailer is looking to get even bigger, seeking to buy a majority stake in india's online retailer, walmart is looking to buy flipkart for between $10 billion and $20 billion. walmart operates about 360 stores globally. it's an escalating war with amazon and could be walmart's biggest acquisition today. >>> meantime whole foods is take a hit over its long beach, california, store. chain of restaurants. it's a deadly virus but some consider it a racist phrase. the restaurant owner said before this past week, this name has not been an issue. >>> the superhero action flick "avengers: infinity war" has been a war o

in the two largest economies in the world the stock market is dropping it's having a big impact not just on the new york stock exchange brawn the global economy so people wonder if donald trump is going to be invoking the stock market any time selling a correspondent in new york city pira most. news at ten with me kevin zero in thanks about showing more of the top of the hour in thirty minutes with the next update in our programs for you continue in your part of the world after this break . and there are some boys so much at all of them mama. i don't mama little bit of little. do a little trick i'm not critical of a lot but if they're going to be chilcote you know. what they want to. salute. to him you know when you come up with a nice concrete so for us to do if it's not stiff the question is to yes but all the chest but. here for everyone that is for you. but. hello and welcome to cross talk where all things considered i'm peter lavelle after weeks of media hysterics an official claims without a shred of evidence the case that russia was behind the sols very poisoning incident is falling apart transparency and the r

the chairman of the u.s. stock -- of the new york stock exchange. listing --nitial spotify. the banks did not do too well.iness if people start doing it that way? jeffrey: it is hard to know. spotify was an interesting company, because it did not need to raise capital. the new york stock exchange has almost asd 226 years, long as the united states. it has been a capital raising venue. for the first time, we have seen someone say i want to be a public company, but i do not actually need capital. whether that is an anomaly or the beginning of a trend is hard to know. one thing you do see is capital is available for private companies today and away it has never been. a lot is made about the fact that there are less ipo's today than during the last technology boom. but in the last technology boom, the dotcom era, companies were going public as a primary vehicle to raise capital. today, those companies can raise capital in the private market. by the time they get to the stock exchange -- and we have become a leader in tech -- they come because the have complicated ownership shutters tables, they call them. the

diane king hall is at the new york stock exchange with that and more.rning, diane. >>> good morning, anne-marie. let's start with a market check. this morning oil futures are higher, closing in on $70 a barrel. it's not been this high since late 2014. keep in mind this affects the pinch you feel at the pump. exporters in saudi arabia would like to see crude prices climb to as much as $100 a barrel. >>> here on wall street a mixed finish as the dow lost 38 points, the s&p 500 gained 42 points, and nasdaq gained 13 points. the agency is specifically looking at tesla's injuries log to ensure injuries are reported to the state in a timely manner. the center for investy ga tish reporting says the automaker failed to report more injuries in order to improve its safety record. >>> meantime chip maker qualcomm has reportedly begun slashing 1,500 jobs. they want to reduce spending by up to $100 billion. both full- and part-time workers are affected, most in san diego. qualcomm says the layoffs are necessary to support long-term growth. >>> and a closely guarded

diane king hall is at the new york stock exchange with that and more. d morning, diane. >> good morning, anne-marie. the dow traded against the two week high of major currencies. rising u.s. bond yields helped push the bond higher. the yield on the ten-year treasury note writ nearly 3%. it's the highest since january 2014. meanwhile the investors are on standby for a slew of earnings this week from some of the world's largest corporations including boeing, amazon, chevron, the parent company of amazon, and facebook. the three major indices finished the week about where they started. meanwhile treasury secretary stephen mnuchin says he may go to china to discuss trade and other economic issues. china welcomed plans by mnuchin and other top officials. he's been in discussions with his chinese counterparts and a trip is under consideration. >>> at the box office "a quiet place," it got a win this weekend appearing to take the top spot. it took in $22 million in ticket sales, barely beating dwayne johnson's "rampage," but those numbers may change when the fi

for "nightly business report," i'm bob pisani at the new york stock exchang >> today it was china's turn to throw a tariff tantrum.e hitting mhan 100 types of u.s. imports with taxes as high as 25%. we have the details from beijing. >> reporter: china is making good on its pledge to retaliate against president trump's tariffs on steelnd aluminum. over the weekend, the finance ministry said that previously announced tariffs would go into effect starting today. these tariffs mainly target american meat, fruit, nuts, wine, steel, and aluminum prodyts. and the affect about $3 billion of goods. the commerce ministry sai tariffs were to balance the loss from u.s. action and suggested that the tariffs were not meant to escalate t conflict. the ministry said we hope that me united states will withdraw thesures that violate the rules of the wto as soon as poible so that the trade of related products between china and the united states will return to the normal track. the tariffs impacted pork stocks in greater china. stocks of local pk producers jumped but wh group, a chinese company which owns s

music streaming service spotify will make its debut on the new york stock exchange later today, but it'sour usual share sale. we'll explain how the company does things differently. and, in the business briefing, i'll be speaking to a professor of international economics about those strikes in france and their impact on the french ecenomy. a warm welcome to the programme, briefing you on all you need to know in global news, business and sport. south africa's president cyril ramaphosa has led tributes to the prominent anti—apartheid campaigner, winnie mandela, who has died. speaking to a large crowd outside her home in soweto, mr ramphosa said winnie mandela inspired millions of south africans. winnie mandela became an international symbol of resistance to white minority rule when her husband, nelson, was sentenced to life imprisonment. bill hayton reports. in morning, they sang and danced, filling the street outside winnie mandela's home, the old protest anthem is now chanted in praise of a fellow fighter against apartheid —— mourning. and inspiration, even after her passing, to all of th

anne-marie. >> diane king hall at the new york stock exchange. so much, diane. >> all right. thank you. >>> still ahead, eating away at pollution. scientists discover a mutant enzyme that could be the solution to our plastic problem. could be the solution to our plastic problem. i just got my cashback match, is this for real? yep. we match all the cash back new cardmembers earn at the end of their first year, automatically. whoo! i got my money! hard to contain yourself, isn't it? uh huh! let it go! whoo! get a dollar-for-dollar match at the end of your first year. investigation... what the n-t-s-b says may have sparked the chaos when a woman was partially pulled out of the cabin. drama in oakland -- why some city leaders are now urging voters to replace one of their colleagues... and california is issuing a warning to marijuana businesses ahead of the unofficial pot holiday on 4- 20... join us for kpix 5 news this morning... beginning at 4:30. good morning. it's wednesday, april 18th. dog: seresto, seresto, seresto. jake... seresto, seresto, sere

for more let's now bring in our financial correspondent at the new york stock exchange so fishermans q has been following these developments very closely so if you we've seen a crazy week on wall street with ups and downs until now i have the impression that investors don't really want to believe that these terrorists will harm the u.s. economy that somehow change today yeah i think investors i really starting to get nervous looking at all the back and forth and trade policy there are politicians taking yet another stand on the possibility of a trade war almost every day and the market seems to be caught up in this without being able to really stand on top of all this with a clear vision friday's losses wiped out again for the week and the dow jones back into the correction territory so it does seem like this is taking a toll on investors here and if you think back it was actually amazing how calm the markets reacted to trade to our concerns in the beginning of the year they simply frak them off but eventually investors are not immune to the daily back and forth between china and the

when the two largest economies in the world the stock market is dropping it's having a big impact not just on the new york stock exchange run the global economy so people wonder if donald trump is going to be invoking out the stock market any time sell. an economic policy specialist on these pacific region. where this will judging by the stock market on the u.s. side investors do seem to be rattled by this latest just check in what was happening in asia though didn't seem to be too much trouble in the asian markets hong kong's hang saying relatively untroubled rose actually more than one percent japan's nikkei edged just a little bit lower i.e. this is the more reaction to this on the american side than on the agency side you surprised i'm not particularly surprised i wouldn't look at it just from a day to day stock market perspective issue in exporters you know if you was tariffs on china and china is the locus of the issues supply chain so it's not just china you're punishing you're punishing the whole of asia and the whole of isherwood suffer and so issuing stock sleuths like to when these when the street war becomes

>>> on the cbs "money watch" this morning, rolling back some car standards, and walmart is reportedly in talks for a new health care-related deal. diane king hall is at the new york stock exchangee. good morning, diane. >> reporter: good morning, brook. automakers are applauding the epa's decision to ease emissions standards on cars and trucks. it will affect model years 2022 to 2025, but did not specify details on the new standards. regulations put in place by the obama administration call for new vehicles to get 36 miles per gallon by 2025. the trump administration says that's too high. >>> weighing on wall street, shares of intel tumbled more than 6% following a report that apple plans to start using its own chips in mac computers. according to bloomberg, apple plans to start making its own processors for mac computers as early as 2020. intel is already grappling with the effect of sluggish personal computer sales. >>> it's reported that tesla will fall short of its production target for the model 3. tesla wanted to produce 2,500 a week. in an e-mail, elon musk said tesla passed the rate of 2,000 a week according to an automotive website. tesla said last year it hoped to be

around we're going to share that to you in just a few moments but first to gerri willis at the new york stock exchange watching this very unexpected rally. gerri? gerri: i've got to tell you this has been an amazing day the dow alone staging at 772 point turn around starting down 510 ending out 230 points that's only the third time in history here on the new york stock exchange that the dow has come back from a 500 point loss and stayed in the positive and boy, they did it. the s&p 500 also higher by about 34 points the nasdac, 1.66% which is pretty dramatic up 114 points, dow losers here we're talking about industrials and energy, boeing, chevron, exxon, caterpillar those were the dow losers and there were only three of them i should point out. the automakers doing very well, gm, ford, tesla, these are stock s that you would expect not to do well here, if we're going to have a trade war wouldn't exports, gm up 3%, ford up 1.7, tesla up 7.3, and home builders doing very very well, and here the difference is lennar is raising it home sales forecast and as a result that stock is up pretty dramatically t

it's really an assault on our country. >> all right, rebecca joins us now from outside the new york stock exchanget's go back to amazon, rebecca. as you reported, the president taking on amazon over its deal with the post office, saying, quote, this will be changed. what could he mean? >> reporter: well, tom, ultimately, the postal service could charge amazon more to deliver those packages, but keep in mind, package delivery is one of the few growing businesses for the postal service, and analysts have looked at this and believe that charging amazon more could ultimately lead this major retailer to pursue alternative methods for its delivery service. tom? >> rebecca, thank you. >>> also at the white house today, an unusual mix of celebration and politics. president trump and the first lady appearing with the easter bunny at the annual easter egg roll. but as the president mingled with the children on the white house lawn, he blasted the democrats for immigration and for letting the dreamers down. here's abc's chief white house correspondent jonathan karl. >> reporter: the president and the easter

for more on that let's bring in our financial correspondent at the new york stock exchange it's called the hi yes it's good to see you now circle burke has promised a whole a ray of investments to solve these privacy issues but also said that those investments will impact profitability and i'm sure investors are not happy to hear that. yes certainly in general facebook is going to hire for instant by year's end total of twenty thousand content review staffing and security stuffing so the total will be twenty thousand for those jobs and more jobs mean higher costs and was higher costs you have less profitable and wall street doesn't seem to be too impressed by those figures and the stock price increased slightly here on a monday talking about monday marks are broke already did arrive in washington and sources are saying that he is varying as you would and it ties obviously he's trying to show himself from his best side and now we're waiting for lawmakers and their questions on tuesday and also on wednesday and see if the sort of a tie can actually pull it off now yes there's always some

now of course that's a very important possibility here for spotify and briefly this is the new york stock exchange first ever direct floor listing so the shares go straight to the market without an intermediary an embarrassment bank or broker is this a good time for experiments that. probably not if you look back on this week the nasdaq was down dramatically the indices that were down the dow jones were down but spotify and some people thought they would actually pull back and front before that spotify i.p.o. but they didn't because they know they have something to give for investors and they are hoping that it's going to be growth so if man city they're on a crowded new york stock exchange floor drowned out by the music from spotify thank you. sound like to see this next want to plumber will come up and up turning up to a job on a bike in some european cities that can be faster and cheaper and could be a way of skirting future diesel batts. his run of of his world the forty nine year old is a joiner in cologne he tries to work environmentally sustainably easy enough with his role materials not so

market has achieved valuation, $27 billion, after trading on the new york stock exchange for the first time. shares closed 10% below the opening reference price. 1/6 of its almost 10% stake. agencyld's biggest ad imposing an independent counsel to research personal misconduct against sorrell. wpp says allegations do not involve anything material to the agency. theays he rejects allegations unreservedly. police in california say a woman shot and killed -- injured three people before shooting and killing herself. google says the situation is contained and associated press is investigating it as a domestic dispute. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am paul allen. this is bloomberg. ♪ yvonne: paul, thank you. the u.s. trade representative listed $50 billion in china trade tariffs. stage for a potentially bruising trade war with beijing confirming it will respond in kind. let's get to jodi schneider, joining us now. it really is an interesting list. you take a look at 1300 products from malaria diagnostic tests to ca

1.7 million monthly listeners on spotify that as we await for spot to begin trading at the new york stock exchangey with us racing isn't the only and with godaddy, i'm making my ideas real. with godaddy you can get a website to sell online. and it will look good. i made my own way. now it's time to make yours. ♪ everything is working just like it should ♪ we have one to two fires a day and when you respond together and you put your lives on the line, you do have to surround yourself with experts. and for us the expert in gas and electric is pg&e. we run about 2,500/2,800 fire calls a year and on almost every one of those calls pg&e is responding to that call as well. and so when we show up to a fire and pg&e shows up with us it makes a tremendous team during a moment of crisis. i rely on them, the firefighters in this department rely on them, and so we have to practice safety everyday. utilizing pg&e's talent and expertise in that area trains our firefighters on the gas or electric aspect of a fire and when we have an emergency situation we are going to be much more skilled and prepared to mitigat