Wilbur ross tells bloomberg the china agreement is near periods tries President Trump wants this signing to take place in the u. S. The worlds Top Oil Company presses go on its longawaited share shale. They brought five brush off concern and says the price is right. Shery all change at the golden arches are the ceo is fired after breaking the policy. Markets have opened for trade lets. Lets get you straight to the Market Action. Sophie shares opening higher by 2 10 of 1 . This happened with the drop we saw for the benchmark. Keeping a close eye on westpac after a disappointing set of earnings. Ozzie yields tracking fridays drop in treasuries, rising six basis points amid trade optimism and a stronger jobs report. The aussie dollar is firmer. Offshorein on the yuan, trading below 704, building on fridays gains amid signs of stabilization. Asian stocks broadly looks to rises monday. Japan is offline for the weekend. Semiconductor players will be on watch on a report that the u. S. Govern
Lots to talk about this morning, once again we follow the bouncing ball of the china story and overnight we are learning that both sides said they would be willing to roll back tariffs, interesting. Devil is in the details, this can be very good, imagine how much markets might soar if you, in fact, do get this first round deal with china, very good news for investors. Maria we have a rally underway right now, futures indicating doubledigit gain, on top of all 3 major averages closing in record territory yesterday over optimism in deal with china, u. S. And china, s p was up 11 and nasdaq up 46, washington and beijing considering rolling back tariffs of completing phase 1 of much larger agreement, President Trump spoke about that in rally last night, listen to this. China is doing poorly as you know, but they are paying billions and billions of dollars and theyve never given us 10 cents before, billions of dollars, they gave a lot of the money to our farmers who got targeted but no long
Yesterday, a headline said china planning to surprise trump and negotiators with a last minute plan for phase one to remove september tariffs this has never been talked about. Delaying future tariffs was the most we were going to agree on trump was getting traction because of the bite. This has never been on the table. China will get it done then i read it today it said these are now part of the negotiation. The way it was cast is that it was almost like an appeasement or throwing in the hand. Is it negotiations or are we backing down the deal is likely to get done each side wants to say we got what we wanted now, if that happens, the markets will be like that. Thats the big question, does the market care if it comes without any teeth. Do they just want a truce and no more ramped up sort. For phase one, do they want to give up what they were working to force them out of the table. I think what the market is really looking foreGoing Forward is if you are going to continue conversations.
Where might it be signed . How about london in early december, when President Trump attends a nato summit . Theres a lot of speculation that xi might be there. Well, that is magic to the market. Stocks are going up. Look at this. The dow industrials will be up well over 100 points, maybe 140 points. The s p 500 is going to be up about 10. Thats. 33 . The nasdaq will chime in with a 30point gain. That would be about. 33 or more. Here come more record highs. All right. Now, how is this for a headline . Turmoil at one of the most powerful companies in the world. Google. The board has opened an investigation and hired an outside law firm to look into Sexual Harassment and misconduct. Shareholders and some employees are not happy with the big severance packages given to executives who are being forced out. At the center of the probe, andy ruben, who ran the android division, and David Drummond, googles chief legal officer. This is not a story about the stock. Its a story about relationships
Warren still leading the heres what i would say per democratic pack but warrants President Trump had a lot of promises when he was running as 52 trilliondollar medicare for do all president s and nominees all health plan not to mention for the primaries and they usually try to shift to get the the other trillion dollar policy she has facing deepening independent vote. My guess is if Elizabeth Warren skepticism from republicans and now democrats. Is the candidate you will see some shifting. David first and last word from even liberal Media Outlets are chiming in the Washington Post featuring an oped by larry rubber roof today. Ecigarettes are supposed to be summers of former treasury better than smoking actual secretary under president cigarettes but could they be clinton and tyler quote warns more harmful than marijuana . Plan to finance medicare for all the results of a brandnew survey. Comedian seth meyers pushes into dangerous uncharted youll want to stick around for this and doc si