Dagen joining the conversation dierdre bolton, former economic adviser to president obama, robert wolf is here. And president ial candidate steve forbes. Great to be here. Maria optimism pushing futures higher, markets up 152 point, s p up 14 and nasdaq up 44, unchartered territory as china and the United States agree to roll back tariffs as part of phase 1 trade deal, two sides to eyeing the december signing with various venues being discussed including london, perhaps President Trump and xx jinping could meet there after next months nato summit. Interesting development, the fato summit, apec summit we expected the signage which was november 17th. We also have British Election at the time, who is going to be the Prime Minister presiding at this wonderful signing, but this gets to something that weve known for a year and a half, maria, that is get the trade worries out of the way, get the trade scrimmages knocked down, you will see the market react and you will see the economy react in
Growth in the apriljune quarter. The growth trend is only down very, very slightly. This was a positive gdp report. And here is the market reaction, fairly muted. Around 2 00 even this afternoon, well find out what the Federal Reserve is doing with Interest Rates. A quarterpoint cut widely expected, but its what comes after that, that has invest terse on edge. The dows up a couple of points, same with the nasdaq. Look at these stocks premarket, facebook and apple. They report at four eastern today. Well be watching to see how apple forecasts upcoming holiday sales. As for facebook, we want to know how many people droppedded off the platform with all that negative publicity. We also want to know if their ad revenue continues to surge. Facebook and apple up premarket. Youve got to look at this, california faces a real crisis today. The fires are raging, and today the wind picks up bigtime. Our heart goes out to the millions without power and the hundreds of thousands evacuated. Californi
President trump urged his former secretary of state to help the clients of lawyer rudy giuliani. Syria. Of airstrikes in u. S. Senators lead the growing criticism threatening sanctions in response. Shery lets get you started with a quick check of markets appeared u. S. Futures being pressured right now, down 1. 2 after that South China Morning Post report that there was no progress made between deputy level talks between the u. S. And china. We have seen stocks pair back some of those earlier gains in the regular session in the afternoon as we have gotten another report saying that china is trying to play down expectations of progress. The s p 500 managed to end the session higher after two sessions of losses, gained. 9 . We have cap and Energy Leading the gains tech and Energy Leading the gains. Members showing a little bit more worry and concern over the growing gap between Market Expectations on easing and their own projections. To the u. S. Turning cpi numbers out tomorrow. Lets se
Marketmoving news from all around the world. From beijing to london to istanbul and washington. Our bloomberg voices are on the ground with this mornings top stories. Worry going to start now in the middle east. Syria sending Government Troops to the north after u. S. Withdrew forces in the area. Mr. Erdogan is down playing the threat of an escalation. Whats happening in Northern Syria, whats the risk of a clash here . Reporter were hearing that Syrian Forces are teaming up with the kurdish rebels after the u. S. Allies abandoned them. And now theyre moving towards the Northern Syria where Turkish Military operation is taking place. However, turkish president has down played the risk of syrian and Turkish Forces clashing. Saying that the russians are mediating between the two nations. And weve just heard from the Turkish Defense minister. He says y. P. G. Kurdish militants have emptied a prison for isis suspects who then fleed. Now of course this is a very Troubling Development because
Congratulations and thank you for joining us today. Your book, we will cover a lot of ground talking about communist chinas fight for global supremacy. So first of all why did you decide to write the book quick. This is my eighth book and in 2000 and i wrote a book called the china threat which is a play on the china threat theory and it was amazing that it really predicted the emergence of a major threat posed by communist china. Ever since i wrote that book , i have tried to do another china book and every publisher i approached said we will not write a single topic china book you can have chapters but not a single topic. Why is that quick. I dont know i dont know if it was concerns if they would sell that finally i dug in my heels and said its time to do another book on the threat from china as it is becoming greater than it was way back when the china threat was published in 2000. Your book is very timely. But let me ask about this title and then you go on inside communist chinas d