Manipulation as well as some provisions to protect intellectual property theft a partial deal would also include President Trump holding back on the imposing the plan december 15th tariffs but now negotiators are working on rolling back some existing duties when asked if china would remove these tariffs Chinese Ministry spokesperson going strong said the 2 sides are making progress. Its not a correct way to resolve the trade issue by slapping tariffs nor does escalating tension and confrontation serve the interests of anyone involved to trade consolation between china and the us has made some progress and is moving forward we hope the 2 sides will meet each other halfway and find a solution on the basis of Mutual Respect equality and mutual benefit. This comes as the u. S. Trade deficit with Global Partners dropped by 4. 7 percent to 52500000000. 00 in september reaching 5 months low slightly above expectations which were at 52200000000 dollars on year over year the current trade defic
Tension and confrontation serve the interests of anyone involved to trade consolation between china and the us has made some progress and is moving forward we hope the 2 sides will meet each other half way and find a solution on the basis of Mutual Respect equality and mutual benefit. This comes as the u. S. Trade deficit with Global Partners dropped by 4. 7 percent to 52500000000. 00 in september reaching a 5 month low slightly above expectations which were at 52200000000 dollars on year over year the current trade deficit is still 5. 4 percent higher than the same period last year exports declined 1800000000. 00 to 206000000000. 00 while imports also dropped 4 point 4000000000. 00 to 258400000000. 00 the us recorded its 1st oil star plus since 1978 of 252000000. 00 while imports on consumer goods fell 2 point 5000000000. 00 as cell phones and other Household Goods dropped by 800000000. 00 meanwhile at the opening of the 2nd China International import expo president xi jinping promise
A hand from San Francisco today to break down the latest security threats the latest developments in Artificial Intelligence and what it means for consumers and later big oil has been slowing steadily since its meteoric rise to 20000 but recent reports show manipulation may have played a role in this spike cryptocurrency analyst ben swan is back on the program today to guide us through the crypto paper and what it means for the future of the internet we have a jam packed show today so lets jump right into the headlines. As the worlds 2 largest economies no hope for a phase one trade deal the u. S. And china are looking at rolling back some tariffs people familiar with the talks say if theres a deal removing tariffs will be part of it the phase one deal would include the increase of chinas purchase of American Farm goods rules to deter currency manipulation as well as some provisions to protect intellectual property theft a partial deal would also include. President Trump Holding back o
Give Foreign Investment greater Market Access to more sectors shorten the negative list further and improve institutions for investment promotion and protection and for information reporting all beijing did not specifically address the u. S. And europe complaints about these restrictions on Foreign Companies but business groups remain frustrated with beijings gradual pace and restrictions that are still in place on services. To companies who face rocky i. P. O. As reported earnings on monday causing moves in their share price but this Company Peloton reported for the 1st time since going public revenue has doubled year over year to 228 1000000. 00 the company lowered its net losses to 49800000. 00 down from 54500000. 00 a year over year peloton also doubled their paid Subscriber Base from the Previous Year on the news peloton stock spiked 6 percent in premarket trading before plummeting and. Another 6 percent after market opening now trading below their i. P. O. Price meanwhile ride sh
Report its profits after the bell power lunch starts right now well, it is no longer monday. Thank goodness it is tuesday. And right now, lets take a look at where the dow stands. Off the highs, but up about two thirds of a percent. The nasdaq, which led the market lower yesterday, is the leader it is up about 1 fully. Up 75 points check out some big winners nike, cisco, apple, and disney well have more on those moves later. Kelly. Thanks. With stocks now down 6 from their record highs, a move by the way, that happened in just the last week, we have full Team Coverage of everything impacting your money bob pisani keeping a close eye on the market where were also watching bonds eamon javers on trade tensions Steve Liesman monitoring the latest from the federal reserve, and bob, lets start with you. Yesterdays action was extraordinary. The s p futures moved in a nearly 5 range from the high to the low. That does not happen very often. The main index ended down 3 thats a move that happene