ahead on cnn newsroom, ukrainian president volodymyr zelenskyy will attend the g-7 talks in person. we ll go live to hiroshima and london for the latest. congress and the white house could be close to a deal to avert a default on the united states debt, but will there be a cost for democrats? disney cancels plans for a $1 billion campus in florida but makes no mention if this is related to the house mouse s ongoing spat with governor ron desantis, as he is expected to make a big announcement of his own. live from cnn center, this is cnn newsroom with paula newton. so it is 4 p.m. in hiroshima, japan, where the annual g-7 summit is now underway. soon they add a special guest, ukrainian about the volodymyr zelenskyy. he s due to attend the gathering after first stopping in saudi arabia to attend today s arab league summit according to cnn sources. that meeting will also be significant. already ukraine is top of mind in japan. the uk and european union have announced new
Stocks, erickson down 6 . The Network Equipment maker continues to suffer from the disappointing story turning out to be 5g. It is not delivering in the way a lot of people had anticipated. The nordic private equity stock down 7 . Talking about a slower fundraising environment, talking about the fact that they are thinking about novel ways to deliver on exits. Private auctions is one possibility. This is traditional exits the private equity market would normally use in the Public Market not working right now. We will talk more about this in a moment. Alix alix i am very surprised the s p is only down. 2 despite the fact that the 10 year yield is jumping higher 11 basis points and we get hot retail sales. It is not just that they missed estimates but they reaccelerated to the upside. The sox is not helping, this is the semiindex, on news the u. S. Could limit nvidia chips to china. We also has asml tomorrow. Something here does not make sense. We saw the same thing yesterday. I want to
Delivery numbers that are of importance for us. We dont know how big. No. Kellogg nova set to begin trading today at the nyse. Well talk to the ceo later this hour. We talked about the pain we got through in q3. A bunch of new notes this morning of top pick lists out of the major strategists. So were guaranteed some data. Maybe the fed wont be flying blind into the next meeting. Well get the big jobs report on friday. Well get the jolts report before that to see if job openings have come down and the Inflation Report next week. Those will be the determinants. November is looking like a coin flip on whether the Federal Reserve raises rates. The back drop here of rising treasury yields. The market rates rising despite the fact that were still only expecting one more or no more rate hikes for the fed. The higher for longer mentality has really seeped in to the bond market and to the stock market as well. I think that thats what you saw in the performance of september. Thats going to be th
We had a break today, but more rain is coming. We have Live Team Coverage tonight. Chief meteorologist bill martin will explain what to expect tomorrow. Well hear from Azenith Smith and Leigh Martinez on the flooding, rescues, and rock slides caused by that weekend storm. But our first stop is in guerneville in Sonoma County where 3,000 people were advised to evacuate when the Russian River went three feet above flood stage this afternoon. Ktvu Debora Villalon was there tonight. A lot of people didnt get out. Reporter a lot of people did, but many people are accustomed to this from years past. So a lot of folks do hold up in their homes and try to wade it out and wait for the waters to recede. If you know guerneville were at the play land the pee wee golf place thats right outside town. If you take a look you can see this is one of many roads that is impassable here in guerneville also in monterio alongside the river. It has been raining here hard for hours. And this is the part of the
Off an unexpectedly Weak Services report which pressured equities early on and sent bond yields sinking. More on that momentarily. By the close the blue chip index gained, to 16,336, moving 400 points from its low to its high. The nasdaq slipped 12 and the s p 500 rose 9. As for domestic crude prices, take a look at that percentage gain, 8 to the upside snapping a twoday rout as the dollar tumbled and despite record inventories. If anything, today was a reminder of why this market is anything but boring. Bob pisani explains what fueled todays rebound. Reporter we stopped dropping when oil stopped dropping about 11 00 a. M. Stocks went sideways until about 2 00 p. M. When the whole market turned around. The dow rallied over 250 points in about an hour. Oil also rallied to the highs for the day. So what happened . Some are citing vague rumors that oilproducing countries are trying to cobble together an agreement to limit production. But, you know, weve heard those rumors before. Regardle