Neil would take a little more than 2 to get to 30,000. It would take 9 to get to 32,000, Peter Navarro, among others saying that is in the equation. A lot depends on key developments. The president is en route to davos, switzerland, but the backdrop of the impeachment trial tomorrow. Blake burman is looking at Administration Legal response to all of this, how it will position itself in the senate. He joins us in the white house. Sir . Reporter neil, if they havent done so already the Trump Legal Team represents the president in the impeachment hearing will file a legal brief today, giving a more fulsome approach, fulsome take as it was described earlier today of the president s Legal Defense heading into the impeachment trial. As you know, the legal team laid out the sixpage answer to the senate over the weekend. Were expecting a much bigger briefing from the president s team here shortly. According to sources that are working with the president s legal team, appears if they will focus
Minute right now what we really want to do is talk about the hp xerox. Did we move that up well talk about that now because hp board unanimously rejected that bid from xerox to take over that company its weird it was like a reverse pacman a much Smaller Company buying a much bigger one. 22 a share is not in the best interest of its shareholders and undervalue hp. Letter to xerox ceo they sited the potential impact of outsized debt levels at the combined companys stock. They left the door open with the possibility of acquiring xerox. Looks like it would be a good deal but well take over you it was strange either way combined company same debt . Potentially it was odd when i was reading through the letters. Xerox saying they lined up what they thought could be financing that citi group could eventually get for them that seem like a couple stretches. We havent got the highly confident letter from the drexel days from citi on that. In the meantime, new this morning, fedex ceo fred smith is
With more. Thank you, andrew the Commerce Ministry said negotiators agreed to canceling tariffs in stretches the additional tariffs or some of them had to go. Also the Ministry Said from beijings perspective, the tariffs needed to be lifted at the same time by the same amount, how much could be negotiated the time and place of the deal signing has yet to be decided. Since then, the state media has been really focused on the point that if the u. S. Wants to have a trade deal, there has to be a removal of tariffs the state meeting says these have to be removed together saying this shows them as equals separately today, the authorities here sentenced nine people to joail including one with a suspended death sentence for smuggling fentanyl into the United States. As a sign that there was some calculated move behind this decision, the commission had said after the sentencing that the decision was made in accordance with the consensus reached between president s xi and President Trump. Sugge
And possibly easing sanctions on iran. Josh, kind of a quiet market day here interesting rotations going on what do you make of the action today . This week its just been incredible for anything of value versus growth, anything small over large and theres a tend densy when we see these outside moves. For example, russell up 5. 5 over the last week theres a tendency to look at that and say ive missed it or that has to be the top of something. When you actually go back and find examples of this sort of thing happening in the recent past, actually that always had taken place at notable bottoms in the russell 2000. For example, we had three versions of this in the year 2016 where you have just this incredible week for small cap, for value and it wasnt the end of something or a blip it lully was the end of the selling. You can stay with this trade if youre on and. Portfolio tilt for smallend value. After a really long drought of good news. So a lot of people are happy about that take a look
But, is it spreading to a robust tech startup scene . Icahn weilds influence. What he has agreed to. Our top story. The theme of big tech is hitting the public market. Wework is planning to make public its perspex this for ipo thiss for an week. It said in april it had filed paperwork confidentially. By two guests. Then, as we await prospectus, what are the key bullet points you are looking for . Ellen everyone will be looking to see the Financial Performance of wework. Unprofitable. It is a company that spends a lot of money to grow very quickly. I think people are concerned that the Business Model cant stand a downturn. Taylor we talk about ellen talks about the financials behind this company. What do you make of the valuations here . Ellen is spot on, people will be looking through it to get the numbers and figure out the evaluation. Oft valuation is based off intbanks investment back january. It is hard for me to emphatically say that is a high valuation, but it feels high. I think