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The U.S.-owned Haas Formula One team said they were carrying on as normal despite owner Gene Haas's machine tools business reporting a 'dramatic decrease in demand' as a result of President Donald Trump's trade tariffs.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Liberty Media Corporation - Liberty Formula One Series C (FWONK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Greg Maffei, Liberty Media president and CEO, joins 'Squawk on the Street' to discuss the playbook for MotoGP, the price Liberty Media paid for the racing company, and if this is transaction will be accretive to shareholders.
Apple is making seismic moves in the media space by going after the broadcast rights to popular sports. Formula 1 racing is rumored to be the tech giant's latest target, and its offer could be enormous.