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Showing posts with the label CNBC Morning Squawk

CNBC Morning Squawk - July 7, 2014: After Dow 17K, what’s next for Wall Street?

In the news today U.S. stock futures were lower in early trading , coming off a shortened week that ended with the  Dow  closing  above the 17,000 level . The next tests of the market’s strength begin later this week.  (CNBC) Nobel prize-winning economist  Joseph Stiglitz  said he's  "very uncomfortable"  with current stock market levels—arguing they do not equal a strong economic recovery. (CNBC) Samsung and LG  are releasing new smart watches today . Both devices are based on Google 's (GOOG) new operating system for wearables,  Android Wear .  (USA Today) Apple  (AAPL)  has hired another luxury executive — this time from Swiss watch-maker Tag Heuer . The move comes ahead of an anticipated fall launch of a smart watch from the iPhone and iPad maker.  (CNBC) Boeing  (BA)  won’t feel too much of a financial strain  from  last week's train derailment that sent three 737 fuselages tumbling down a steep embankment along the Clark Fork River.  (Reuters) The F

CNBC Morning Squawk - June 11, 2014: Eric Cantor's stunning loss a bad omen for moderates.

In the news today In a stunning primary upset for the GOP , House Majority Leader Eric Cantor of Virginia lost to a Tea Party challenger, in a  bad omen for moderates . Meanwhile, Democrats rejoiced .  (NY Times & Business Insider) With  Dow  17,000 and  S&P 500  2,000 in sight, many strategists have been prompted to increase their year-end targets . But in early trading today, U.S. stock futures were lower. (CNBC) Goldman Sachs  (GS) CEO  Lloyd Blankfein  joins CNBC’s " Squawk Box " at 8:15 a.m. ET , with his views on the stock market, the economy, and the Fed. Multibillion-dollar settlement talks  between  Bank of America  (BAC) and the Justice Department  are deadlocked , after BofA’s latest $12 billion offer fell short of prosecutor demands.  (NY Times) Target  (TGT) is holding its  annual meeting today , in the wake of last year’s massive data breach. Meanwhile, Target is  naming GM’s information security chief  to a newly created, similar position at

CNBC Morning Squawk - April 1, 2014: General Motors faces tough Capitol Hill grilling in ongoing recall saga

In the news today General Motors  ( GM )  CEO Mary Barra   faces a tough grilling on Capitol Hill today as U.S. lawmakers try to root out who to blame  for the 13 deaths linked to faulty ignition switches.  (Reuters)  |  We'll preview Barra's testimony with Harry Wilson, a former White House auto task-force member, at 7 a.m. ET and Yale School of Management's Jeffrey Sonnenfeld at 8 a.m. ET. Manufacturing data  takes the forefront in traders' sights this morning , but it's all just a prelude to Friday's big jobs report.  (CNBC)  |  Deutsche Bank's chief equity strategist, David Bianco, breaks down the markets at 8:30 a.m. ET. Wall Street's top cop,  Manhattan U.S. Attorney Preet Bharara ,  says a "significant financial institution" may soon face felony charges .  (CNBC) President Obama's   signature health-care overhaul surpassed expectations  as a big enrolment deadline passed at midnight. More than 7 million Americans were on track

CNBC Morning Squawk February 06, 2014: Twitter skids on weaker user growth

In the news today Though U.S. stocks have largely  put the brakes on their recent skid ,  sustainable positive momentum continues to be in short supply  ahead of Friday’s jobs report.  (CNBC) In its first earnings report since going public ,  Twitter  (TWTR) beat on the top and bottom lines, but revealed weak user growth, which sent the stock sharply lower in pre-market trading.  (CNBC) Coca-Cola  (KO) has  bought a 10 percent stake  in  Green Mountain Coffee Roasters  (GMCR) for $1.25 billion and  plans to help launch the K-Cup maker’s new cold drink machine .  (CNBC) Sony  (SNE) has  unveiled a major restructuring , which includes exiting its PC business, spinning off its TV operations, and cutting 5,000 jobs. The electronics maker said  the moves would result in a full-year loss .  (CNBC) Walt Disney  (DIS)  beat Wall Street estimates on earnings and revenues  with across-the-board strength  led by its animated film "Frozen."  (NY Times) Citigroup  (C) has  agreed