Coming out with earnings this morning. The big story that cut its full year revenue view seemed to maintain its earnings and increase its gross margin forecast for the rest of the year. Its revenue at 2 versus 4 on the high end. Remember this is all in part as well as the stock plunges. They did not comment. They wont comment on any further investigation. They do say they are cooperating. Our time for global exchange. We bring you todays market moving news from around the world. Bangkok to london to washington. Our bloomberg voices are on the ground with this mornings top stories. We want to start off with the latest trade development. The u. S. And china say they are close to agreeing on the first part of a trade deal. Wilbur ross spoke to bloomberg expressing optimism on the socalled phase one deal. I think we are in good shape. We are making good progress. And theres no natural reason why it couldnt be. Alix joining me on the phone from bangkok is ed in a edna. Also that exclusive i
Yield actually lower. Still seeing a bid in the long end, but nothing dramatic appeared to what you wouldve thought when headlines broke saturday. Lets get the update here. Time now for global exchange, where we bring you the market moving news from around the world. Joining us from riyadh is yousef , and Michael Mckee here in new york. We begin in saudi arabia, where aramco tells customers certain deliveries will be delayed, especially in october. Yusuf, give us the latest yousef, give us the latest. Yousef we are waiting for a Firm Response from the saudi government. The Foreign Ministry made it clear that they are going to treat this aggressively. They will defend the land, and we expect a press conference from the Energy Ministry as well to outline the day in a bit more detail the exact damage to the infrastructure. Bloomberg even understands a tour of some of that damage could be in the offing, but at the moment, saudi aramco scrambling a little bit to get those oil barrels to the
While ago. A flat yuan on the session. Lets have a quick look at whats going on in the United States. A whipsaw of a session. S p 500 down once again. We were higher a moment ago. Down about half a percent. Chairman powell speaking at the jackson hole symposium. The 10year, not a lot of movement. There was some movement in soybeans. We had a big drop only got this china headlines to the effect that china is retaliating for u. S. Tariffs. Publishable soybeans now about three quarters of a percent lower. Crude went down we got those headlines that exporting crude will be more expensive for exporters. We are still down about 1. 9 on wti. Lets get back to fed chairman powells speech in jackson hole. Joining us is matt. I make point to President Trumps tweets for thanking the fed for doing a big nothing and saying it is unclear who the u. S. s bigger enemy is, Jerome Powell or chairman xi. Very strange tweet. Atmagine thats a topic jackson hole people are talking about. The president s infl
At 6 30 p. M. Eastern, New York University professor shares her book my hijacking where she recounts being taken as a 12yearold in 1970 by a Palestinian Resistance group during a flight from israel to new york city. Then at 8 00 p. M. Eastern, a founder argues that america is a more progressive country and offers his thoughts on how to advance a liberal agenda with his book justice is coming. Watch book tv every sunday on cspan 2. Find a full schedule on your Program Guide or watch online any time at book tv. Org. Defense policy experts and former government Officials Join the Atlantic Council for discussions on the United States Nuclear Strategy and the challenges posed by china and russia. Good afternoon. Welcome to the Atlantic Council for todays event, a strategic posture for a new era introducing the Congressional Strategic Posture Commission report. Im Vice President at the Atlantic Council and senior director of the councils for strategy and security. This comes at a time of sig
Atlantic council for a Panel Discussion on u. S. Nuclear strategy and the challenges posed by china and russia. Good afternoon and welcome to the Atlantic Council for todays event. Introducing the strategic investment Posture Commission report. Im Vice President at the Atlantic Council and senior president of the center for strategy and security. This event comes at a time of significant deterioration in the International Security environment. For decades, russia was the only nuclear peer competitor to the United States, but in recent years, china has launched a rapid and farreaching Nuclear Buildup and aims to have 1500 Nuclear Weapons by 2035. This means for the first time in its history, the United States will need to contend with two nuclear peer competitors at the same time. To address this unprecedented challenge, congress established the strategic Posture Commission in the 2022 National Defense authorization act. Congress charged the commission to conduct a review of the strateg