Stocks sink as China retaliates with new tariffs

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Dr. Jeffrey Sachs and Parag Khanna join Morning Joe to discuss the costs of the president's trade tariffs on China and the impact the tariffs are having on U. S. businesses and households. Uber will hit the public markets this morning with a valuation that could top $75 billion. The world's biggest ride-hailing business debuts weeks after Lyft, its smaller rival. Uber is far from making money with operating losses of $3 billion in 2018. This follows an operating loss of more than $4 billion in 2017. Still, not all investors are scared away from red ink. Some analysts predict Uber will eventually turn a profit. Watch the video to learn how Uber spends money and what it will take for the business to become profitable. » Subscribe to CNBC: » Subscribe to CNBC TV: » Subscribe to CNBC Classic: About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #Uber Why Uber Is Losing Money.

CNBC's Bob Pisani looks ahead at the day's market action. First 500 people get a 2 month free trial of Skillshare: Patreon: Twitter: Pins & T-Shirts: Reddit: This includes a paid sponsorship which had no part in the writing, editing, or production of the rest of the video. Music by Epidemic Sound: Full list of sources: Map: United States of America with Counties by FreeVectorMaps Clips of the Hong Kong-Macau-Zhuhai Bridge curtesy of Some footage was provided by Bigstock: Music. 央视国际锐评:中国已做好全面应对的准备】对于美方发起的贸易战,中国早就表明态度:不愿打,但也不怕打,必要时不得不打。面对美国的软硬两手,中国也早已给出答案:谈,大门敞开;打,奉陪到底。经历了五千多年风风雨雨的中华民族,什么样的阵势没见过?!在实现民族复兴的伟大进程中,必然会有艰难险阻甚至惊涛骇浪。美国发起的对华贸易战,不过是中国发展进程中的一道坎儿,没什么大不了,中国必将坚定信心、迎难而上,化危为机,斗出一片新天地。无论外部风云如何变幻,对中国来说,最重要的就是做好自己的事情,不断深化改革,扩大开放,实现经济高质量发展。美国下一步是要谈,还是要打,抑或是采取别的动作,中国都已备足了政策工具箱,做好了全面应对的准备。这正如习近平主席所指出,中国经济是一片大海,而不是一个小池塘;狂风骤雨可以掀翻小池塘,但不能掀翻大海;经历了无数次狂风骤雨,大海依旧在那儿!.

Michael Novogratz, former hedge fund manager and CEO of Galaxy Digital Holdings, joins CNBC's "Closing Bell" to discuss the reasons for bitcoin's latest rally. The Dow plunged after China said it will raise tariffs in retaliation to last week's tariff increase by the United States. China hiked tariffs on $60 billion of imports from the United States. It first imposed the tariffs last year. Worries over the escalation of the trade spat with China just aren't going away. #CNN #News. Jimmy Pethokoukis, policy analyst and fellow at the American Enterprise Institute, and CNBC's Mike Santoli join the "Squawk on the Street" team to discuss the ongoing U. S. -China trade tensions and their impact on markets.