How power lunch starts right now the dow is down about 200 points slightly off the lows of the session. The big loser is the nasdaq. Down by more than 1 ty thanks very much. President trump heading to the nato summit in london today. Before he left he cast more doubt on a trade deal with china. President trump was noncommittal today on whether the phase one deal would be done this year. The chinese are always negotiating. The chinese want to make a deal. Well see what happens President Trump tightened one screw on china by signing into law a bill with hong kong protesters trump faults the countrys massive devaluation. I gave them a big break if tariffs. Its very unfair to our manufacturers and very unfair to our farmers. Our steal companies will be very happy and our farmers will be very happy on top of all of that theres still the usmca where officials are hopeful for movement soon. Theres eight working days left in the capital back the you trade concerns only part of the reason stock
Standoff stands. A busy market rally with stocks jumping on the president s comments saying china wants to get back to the table on trade. Well see where we go. From here, we go to blake burman, with the latest on all the back and forth at the white house. Hi, blake . Reporter we heard from President Trump for a while, he feels china wants to make a deal. They need to make a deal very badly. He reiterated that earlier today. The market swung earlier today when the president said that china called over the weekend and said they wanted to get back to the negotiating table. Heres the issue with that. When chinas foreign minister was asked about these calls that were made. They disputed the notion there were any sort of calls being made. When, at least over the weekend. When the treasury secretary Steve Mnuchin was asked about it earlier today, sitting alongside the president he jumped in said there had been quote communication through intermediaries. President trump was asked about that a
Needle for investors were going to talk about weworks embattled ipo plans and play the long game, thats the white houses message for wall street on china trade stocks pointed to a muted open today. Apple is set to unveil the latest new Iphone Models and other product updates today, features on the phones might include upgraded processors, new camera functionality, the event will take place at the headquarters in california, beginning at 1 00 p. M. Eastern time jim, talking about what else we might hear about, content, some shows rolling out in the coming days i think they have some exciting tv. I want to see trailers i think people are underestimating what they have been working on. I would love to hear more credit card i think that it is too early i do think anyone with the watch, the iterations are getting very exciting. The watch sales, youll hear incredible numbers, i believe. Service revenue very strong. Not sure exactly what to say about the 11, because they have been pretty clos
Socalled macrow and listen to individual companies on a day the dow slid, s p lost. 79 and nasdaq shed 6. 8 because treasury yields cantonu to sink and the president terrified the market you dont know the term terrified . You better get used to it. Others were focused on tariffied, i was focus on home depot because when im trying to take the pulse, home depot gives me a better read from the bond market or any talking people on tv home depot has all sorts of insights you cant get from staring at the yield curve and right now the spot says the consumer all systems go. After list piening to the blockbuster earnings, idea were heading to a recession, according to home depot, things are getting stronger, not weaker but there are issues why should you trust home depot . Two words. Car carol, the longtime chief financial person who is retiring after 24 years at the company. It was her last conference call. Money. We spend a huge amount of time interviewing officials going and Hedge Fund Manag
But delivery giant will not review their ground delivery contract renew their ground delivery contract. We will talk to one of the Founding Members of fedex ground. And, new phones, new features. Amsungs first look. Weve got all the details. A rebound in tech shares helped fuel recovery in u. S. Equity markets. Starting wednesday with an ugly open. Inafternoon turnaround broadcom couple apple, helps a race losses across major indices. The race broadcom, apple, helps erase losses among major indices. The nasdaq closed in the green while the dow was fractionally lower. Joining us to dissect the moves is our senior markets editor. Talk about broadcom here. The report that they are nearing a deal to buy symantecs enterprise business. The deal after the close may happen as early as this week. It is valued at 10 billion. There was a tremendous rally after hours and symantec. In symantec. It was up by 8 or 9 right now. There you go, 13 . Still a pretty big rally. This type of deal could be bu