Lets check a check on your money, america, shall we no major reports for stocks marginally lower. Get this, if today would be the dows first drop in seven sessions if we fin down today. Some leading the s p 500, and it is a match made in heaven for match shareholders that stock is soaring, as earnings beat on the flip side ouch lending club, kicking out members today, sinking in weaker results. No down 30 in just the past three months. Looking awful. Thank you, brian we begin this hour with President Trumps trip to china and how critical he will be of that country, one of the most frequent targets in the past before the trip even kicked off, the two countries, however, announcing 9 billion worth of deals. Kayla tausche joins us live from beijing. Kayla . Reporter this trip comes as a year has passed since President Trump clinched the victory. And now hes trying to and that slate of deals is part of that deals in agriculture, manufacturing and energy, deals to import u. S. Beep onto eco
Details coming up during this final hour of trade today. Worst day for stocks since september of last year. Financials and tech are hit hardest. Tech especially had been leading us all the way to the upside. Weighing on the dow with two price components, goldman and apple down about 5 and 3 respectively. The question is will the sell off last. We will talk with Jeremy Siegel, he will join us and talk about why he thinks it is a great buying opportunity right now. Of course, he has been bullish on this market for a while. And dig kovacevich and don peebles will join us to discuss the president s strategy and whether he can get republicans on his side. Why is the Market Selling off today after a series of stories that seemed like scandals over a couple of weeks . A number of notes have been passed around on wall street today with people speculating on all of that. Programs dan clifton of stratega summed it up in his note. He said this morning, and i quote, the past eight days are like no
Lebenthahl, and steve weiss is here lets begin with the week ahead. I want to show you an earnings calendar facebook, dmon, and boeing and cocacola, our parent company, comcast, as well steve, this really shapes up to be a hot and heavy week. This is the heart of it youve got a little bit of everything in terms of sectors and industries its going to be very interesting. And of course, its all not going to matter when you get the fed meeting and hear what they have to say, potentially but i think it will be same, follow the course the way it is. I wonder if the dollar, though, does come into their thinking at all. Because weve seen the dollar take a hit it will be interesting to see if they address it. My guess is that they dont. But it clearly is an important part for the markets, as is the politics of the landscape right now. My question is, whens will ceos hit the pause button and say, you know what, things are a it be unstable in washington. Im not comfortable allocating capital. Yo
Precheck profits though felt a bit short. Short. About 5 million that is because of commodities such as steel and engineering costs. We will be talking with bob shanks, the cfo, and about 29 minutes time. Alix the stock seeing a nice move in premarket. Coming up, we will have home sales. Then, we have the weekly crude inventory report. At 1 00 come at the u. S. Treasury will sell fiveyear notes. Yesterday, the twoyear was solid. What will be fiveyear be . Bloomberg will have special Coverage Later today. David the senate voted yesterday to move health care forward. This is despite the fact that there does not yet seem to be majority for any particular approach. We are joined by craig gordon, our executive editor of washington knows news. Rama. S about votea we could have dozens of amendments thrown out on the floor for people to take a vote on. Mitch mcconnell, it is like target practice. He is trying to figure out where he can get votes. What things are popular, and what things are no
Macro front. Merkel got things moving a bit. Lets take a look at the tenyear note yield. Were right around 2. 4 but off the highs that we saw, almost 237b9 2. 5. We hit it yesterday. Crude oil at the bottom. Lets get to the road map. A change at the top of twitter. Ceo stepping down. Jack dorsey will be the interim ceo and theyll join us for an interview. And the imf walking out on debt walks and Angela Merkel with new comments. What you need to know to trade. First the ceo of twitter is stepping down effective july 1st. Hes going to be replaced by the cofounder of the company on an interim basis. It comes from amid pressure from some investors who have been unsatisfied with the growth rate. Heres what was said last night during a Conference Call. One of the reasons im stepping in is of the belief i have around our direction and our strategy and specifically around the products. I have a lot of context for it as chairman as talking with the team running it and i do believe that it is r