Overnight in asia. The nikkei higher by 1. 1 . Hang seasoning up 2. 3 and shanghai up. 8 . Youll also see green arrows in europe the dax up 1. 9 . Cac is up. Gains for italian stocks too in the treasury market, at this point, 10year yielding 1. 67 . Twoyear at 1. 551 30year up at 1. 61 . Iranian Officials Say two missiles trunk an iranian tanker in the red sea crude prices, as a result of this, they are jumping up close to 2 wti crude now 54. 47. They are saying that damaged two store rooms aboard the tanker and caused an oil leak that attack happened about 60 miles north of the city jeda six months after the attack of the oil tanker in hermuz and the saudi attack never good to conjecture anything they have been the attacker and you wonder was there Something Else going on because they didnt point fingers, you wonder. Was it a screw up but we have no idea. No idea they were attacked by someone. Who knows. Two missiles hit a tanker that much we know. Lets talk about the trade headlines.
Dont give bejing control of our most sensitive infrastructure and data as well. As weve grown stronger economically, President Trump has always signed the largest increases in our National Defense in more than a generation. 2. 5 trillion of new investment in our National Defense just in the last three years. Weve made the Strongest Military in the history of the world stronger still. And to make it clear to beijing that no nation has a right to claim the maritime commons as territorial seas, the United States in the last year has increased the tempo and scope of our freedom of navigation operations and strengthened our military presence across the indopacific. To uphold the values of freedomloving people every year, weve also called out the Chinese Communist party for suppressing freedom of religion of the chinese people. Millions of ethnic and religious minorities in china are struggling against the partys efforts to eradicate their religious and cultural identities. The communist par
Make a deal. Futures lower on reports that china wants more talks before signing. The president s highly touted phase one. Plus, cash burn concerns. Wework director set to discuss two Financial Rescue options today. Facebook feud Elizabeth Warren says the social Network Takes money to promote lies and creates a fake ad to prove it. So investors trying to digest a lot of news surrounding the first phase of thattrade agreement between the u. S. And china. Market sentiment tempered by reports that beijing wants further talks before making a deal treasury secretary mnuchin was on squawk earlier this morning talked about just that. We made substantial progress last week in the negotiations. We have a fundamental agreement, it is subject to documentation and there is a lot of work to be done on that front but it includes intellectual property rights, it includes financial services, it includes currency and foreign exchange. And it also includes very significant structural issues in agricultu
For the columbus day holiday the stock market is on a regular schedule if you check out the u. S. Equity futures a in the hour, the bulls may be wishing it wasnt dow futures indicated down by 110 points s p futures off by 13. And the nasdaq down by 42. Joe mentioned that headline that seems to be moving these futures this morning that was coming from bloomberg saying that china wants to have further talks as soon as the end of october before they will even sign the phase one deal thats being touted right now by the United States. It goes on to say that beijing may send a delegation led by the vice premier li hou. They would finalize the deal before the president s met next month in chile another person said that china wants trump to agree to suspend the additional tariffs due to roll on in december on top of the ones he suspended for the ones due on october 14th well see what happens you can see the pressure thats put on the futures this morning after some big gains on friday as this n
Developments. Reporter reporters are staged just outside the oval office now ready to go into the oval whenever the president invites them in for his discussion obviously a much anticipated moment at the white house. Do they have a deal . Do they not have a deal . Do they have something in between that might be an interim step along the way to a deal we dont know as we stand here right now. A lot of rumors swirling around washington and wall street but the chinese delegation is here, theyre in the oval office now. We expect to see the president at some point we just dont know exactly what theyre going to stay Stephen Mnuchin came to the Briefing Room a short time ago, i asked him for an update on the talks and whether or not its possible we get to the end of the day today without an announcement of any developments at all we declined to answer the question he said the talks so far have been productive and that time of the day they were going in to brief the president but no specific in