Classes. Pricee the new york crude under pressure. We have this key meeting taking place of opec plus today and tomorrow. The gold price at the moment is showing weakness. Buy yourself finance. Bitcoin is erasing some of the 9 . Es by going up nearly lets look at the other first word news headlines. Lets join karina mitchell. Karina bloomberg has learned readingna the latest on chinas economy shows recovery is getting momentum. Manufacturing and services, pmi data both beat estimations. In aty performance came 52. 1. The economy is gaining strength despite sporadic epics of covid19. Bloomberg has learned chinese regulatory officials have said that the chances of jack mas stockoup revising its are looking slim. They are still reviewing changes needed to appease regulators. An additional delay would be a setback for ma. Has big dollars the fight to overturn his election will not reach the supreme court. He told fox it is hard to send a case there and he probably wont succeed. He rehashed
Amd to buy xylinx. Is there more room to run on amd . Well explore that one when power lunch begins right now earnings season is supposed to be a report card for companies. Lets go to bob pisani for more on this lack of guidance bob . Kelly, once again, the Fourth Quarter, another quarter with the lack of guidance its a bit of a problem because the analysts again having a hard time figuring out what the right numbers are. Remember, the earnings numbers have been coming in very well, generally weathering but again, big companies, no guidance from caterpillar, 3m, xerox, Stanley Black and decker. Others like Harley Davidson didnt give guidance either. Raytheon, corning. No guidance from companies. Analysts have a tougher time and theyve been very conservative and wrong so far fortunately wrong on the conservative side. Look at all these companies out there. 83 are beating for the Third Quarter and theyve been beating by almost 20 . Its an amazing beat and shows you the analysts have been
Navarro. Fomc without with the minutes from the and well comb through the minutes to bring you headlines and analysis. Stay tuned. Were ahead of the tonights Salt Lake City vicepresident ial debate. What will be discussed and what will move the needle . All that and more on making money. Charles man what a difference a tweet makes yesterday a stable market with designs of finishing higher were side swapped by a series of President Trump tweets taking fiscal stimulus off the table until after the election. Last night, well the commanderinchief clarified he would immediately sign off on relief for airlines, Small Businesses and 1200dollar stimulus checks. The market gained more than it lost. I think it is more clear it is not even an issue. This whole stimulus thing can be put on the shelf. Democrats took aim at the gatekeepers of the Digital Economy that they have monopoly power and may need to be broken up. Are the companies victims of their own success especially in the age of covid19
Of what to expect when the current reprieve and the november. When the u. S. Spawn on one way it was announced 3 months ago it was a big deal for the likes of google as it meant it wouldnt be able to sell updates of its droid software to while away phones many other u. S. Companies such as the chip makers qualcomm and broadcom would also be affected. But over the weekend speculation grew that the u. S. Would postpone the ban on monday u. S. Commerce secretary wilbur ross confirmed news of the 90 day reprieve saying it was to help u. S. Companies prepare farther for a time when there would not need while with some of the rural companies or dependent in more ways we move turn to wean themselves off with their nose specifically since who is being groomed to truly think the huawei issue has added to the complexity of the ongoing us china trade conflict President Trump has consistently called the company a Security Threat and he has tried to use the issue as leverage in the trade negotiatio
Of what to expect when the current reprieve and in november. When the u. S. Spawn on one way it was announced 3 months ago it was a big deal for the likes of google as it meant it wouldnt be able to sell updates of its droid software to while away phones many other u. S. Companies such as the chip makers qualcomm and broadcom would also be affected. But over the weekend speculation grew that the u. S. Would postpone the ban on monday u. S. Commerce secretary wilbur ross confirmed news of the 90 day reprieve saying it was to help u. S. Companies prepare further for a time when there would not need while with some of the rural companies or dependent on more ways to agree moomaw turn to wean themselves off but there are no specific clothes and food is being granted through anything while issue has added to the complexity of the ongoing us china trade conflict President Trump has consistently called the company a Security Threat and he has tried to use the issue as leverage in the trade ne