Hey edward. Reporter yeah, neil maybe the market is priced in the usmca will eventually get done but i have multiple sources stakeholders to usmca as well as congressional sources all being told that a deal with mexico over the changes to usmca has been finished. These sources are also told that canada would sign off on this deal and now a congressional source telling me that the language will be finalized in the next 24 hours and this deal is reratified by mexico also, the ratification process will be finished in canada and a vote is set here in the United States for ratification and the mexican trade negotiators back here in washington today this all center s around enforcement of labor provisions. And the House Speaker wanted the u. S. Inspectors to go in and make sure that mexico complies with workers, making 16 an hour , as well as other regulations. What mexico settled on is a neutral third party as well as the mexican and u. S. Representatives looking at compliance. Now with the
Friday, amazon and more. And nothing to prove ford bowing out of a deal with the cyber truck as Worldwide Exchange begins right now good morning and welcome to Worldwide Exchange. Im dominic chu. It is wednesday, november 27, 2019 and one story that you will be talking about today, the astonishing finish to last nights duke and steven f. Austin basketball game, a big congratulations to the lumberjacks. They were i think a 27 point underdog knocking off the top team in the country. Congratulations. Stock futures indicating the dow will open up slightly higher again. It is coming off its 14th record close of the year. The s p seeing its 25th record close year to date stocks are now on pace for their best month since june. As you see here, the dow would open up about 70 points if the futures gains hold ten year note yields still hovering right around the 1. 74 mark you can see here a slight tick higher, 1. 741 the last trade there. Let us go worldwide. In the asian trade overnight w did s
It fell to a four year low and a rotation out of Growth Stocks some of those recent ipos all falling sharply today. Were down 237 points on the dow not far from the session lows. S p is down and nasdaq is down joining us for the full first hour of the show, dna nathan quick take on the market move. Its very similar to what weve seen in the last week of the first month of each radiator when weve been in earnings this hold year. We saw this in q1. We sold afterwards we saw it again in july. Other we are we made an incremental high. Thats what is consistent. One thing that took it down into enthusiasm about low expectations on earnings with some sort of negative headline about trade and i guess the question is, is this playing out the third time in a row this year Communication Services and utilities with materials, industrials, financials all down more than 1 well focus on the big stories. Bob pisani is covering todays market Kayla Tausche has the latest headlines on china mike santoli h
Sunday will mark the next escalation in the trade war between washington and beijing. 15 import taxes on about 120 billion of chinese imports. Whether either side might be getting ready to blank. My discussions with chinese and american friends and china is looking more and more alike we are not any closer. It seems that china has begun to hunker down. China has waited this out, and china thinks that they can weather the storm more easily than President Trump or americans think they might. China is beginning to look for other markets for their exports and they are doing a pretty good job doing that, so it is the longer haul. There is also a sense that it is becoming more political than economic. President trump might be timing potential deals closer to the election rather than earlier. That is the next couple of three weeks. People are starting to adjust to all of the changes. The trouble is there is still in immense uncertainty. With the inability of putting a deal together is creatin
Is this a turning point for yields around the world. Well get fed minutes later on today. Road map begins with retail earnings, target and lowes soaring in the premarket on their results bucking the downward trend in retail. One week since the dows 800 point drop were close to recovering the losses well take a look at the wild ride over the last week. And what you can expect next. As the september 1st tariffs aapproach, well take a look at the companies that may be in your portfolio with the most exposure first up, target set to open at all time high, lowes surging on the better than expected quarterly earnings, revenues and comps. Digital sales drove more than half of the growth in q2 comps lowes reporting positive comps in all of their geographic regions in the United States and outpacing depot for the second consecutive quarter. We got to focus on execution. And risk taking. Both Marvin Ellison at lowes and Brian Cornell at target took big risks. Some people say they blew up the way