Tariffs yet. China and the u. S. Reach a truce and stocks are set to surge at the open we do have those new records within striking distance plus, President Trump easing restrictions on u. S. Companies from selling products to, of course, the Chinese Telecom giant Huawei Semiconductor stocks are rallying sharply ahead of the bell on that news. And oil prices, well, theyre up, this after russia and saudi arabia agree to extend opecs deal to cut Oil Production by another 6 to 9 months. Stocks rising around the globe the s p 500 poised to open at a record high after the u. S. And china agree to resume trade talks. President donald trump offered concessions to his chinese counterpart xi jinping over the weekend, when they met at the sidelines of the g20 summit in japan. They include no new tariffs, and an easing of restrictions on the Huge Technology Telecom Company huawei china did agree to make what are unspecified new purchases of u. S. Farm products and return to the negotiating table.
Live from the russian capital this is. Me suspect in a welcome to. Europe and russia should return to a normal relationship without sanctions thats the joint message from the News Conference of an giuseppe called into talking about the harm to the economy by those restrictions its nice primary even added an emotional touch. As you may approach the time the sanctions could be lifted or extended im always sad because so much could be achieved and the situation could be so much. Well it was no secret that the euro skeptic forces currently in power here and rome are no big fans of europes anti russian sanctions to say the least but as youve heard Prime Minister contes message is getting more loud and more clear especially when hes Standing Shoulder to shoulder with the russian president who once again reminded about the enormous amounts of cash that both sides were losing just because of this sanctions war. In 2012 we had a trade to no good 450000000000. 00 now would still 100 in 7 to do i
Chip stocks soaring as President Trump eases the ban on huaweis purchase of u. S. Products. Weak manufacturing and Construction Data keeping the gains in check today joining us for the hour to break down the Market Action is lindsey bell from cfra good to see you again. Good to be here. Feels like a market that had a lot of good news baked into it already. Yes it did. I was surprised we held on to the gains for as long as we did. I thought we would get a sell the news type of thing sooner. I think the weak Economic Data not only here in the u. S. , but also in europe and china, really gave the market what they wanted in the terms of the potential for a fed rate cut next month. One day phenomenon or does this selling have some staying power . You know, i got to say, i think it is going to be a little choppy through the month of july, especially as we get into earnings season. We see how tariffs are impacting companies on the ground. Yeah. It is interesting, youre going to get earnings s
Attempt to quell protests, she said the controversial extradition bill that sparked the demonstrations is, quote, dead lam said there is no plan to restart the legislation and earlier work to amend the bill has been a failure lam suspended the bill but protests continued with calls for it to be withdrawn completely lam did not say that she is officially withdrawing the bill. She said the bill is in the coffin, the bill is dead and no one needs to worry that there will be any tactics to resume the bill in the lenggislative council term Richard Bransons Space Tourism company now planning to go public. That is according to a wall street journal report it will list shares as part of the deal with social capital company, spac. Weve talked about it in the past it was created by a friend of squawk box, spac will invest 800 million in Virgin Galactic, it will get a 49 stake. The stock market listing is expected to take place later this year. Virgin galactic so far sold 600 tickets to space at
Me if my tie was fixed, but ok. Lets leave it this way. David i dont consider myself a journalist. Nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Lets talk about what it was like to be chief of staff to President Trump. Was it all that you thought it would be in terms of the difficulty . More difficult than you thought . Are you pleased you did the job . Gen. Kelly it was amongst the hardest jobs i ever had in my life. It was the most important thing i ever did. For 18 months, i staffed the president the way i thought a president should be staffed. Presenting him options, getting experts with him to talk. Thats what chief of staff does. That was vitally important. For 18 months i was there. We staffed the president very effectively. David was it the hardest job you ever had . The most memorable job . The