U. S. Trade deficit has fallen to recent lows in the midst of the ongoing trade war but what could this mean for negotiations Going Forward were going to break it all down and analyze much more with todd horwitz above the trade and later the f. C. C. Is a Communications Agency not a National Security agency it has no expertise in National Security nor did his have authority to make National Security judgments. And yet another front of the trade fight we follow up on the realm of telecom as weiwei has made some major moves to wean the u. S. Government are the one is there a lot of a ocollins of the hands of sort through the latest in wall ways lawsuit against the f. C. C. We have a pack chill day so lets get to it. And we start by taking you again to france where these massive strikes have brought the nation to a screeching halt in fact these are the largest single demonstrations that have taken so place so. Or under the administration of president emanuel mccrone in fact president has
Behemoth consolidates a space under going massive upheaval it started with smaub cutting commissions to zero. Sparking a flurry of headlines over the frantic race to the many bottom. With the news of the deals between the two giants mass the race to zero become a sprint for survival guy. I dont know. Hello, mel. Hello. I dont know if its a race to zero or sprint to survival. Its genius by schwab. Dan nathan alluded to it a few weeks ago. Schwab was genius, cut rates to zero watched the keters go to zero in terms of stock td amerd trade went from 50 to 32 in a straight line. And then making this announcement they are probably buying the stock or company at levels they wouldnt have been able to buy them a month or so ago good for them. This makes schwab a huge forepersons in the business. And the play. They are a force. Even more so now. En and quickly i think people say etrade next to go not so fast. There is room on the downside. The Second Derivative play, Morgan Stanley, for example,
Our road map begins with 5 ge, its a big rebound next year shares are rallying. A pushback when a study finds elizabeth warrens palestinian would be nearly 30 less than projected. That tariff deadline is looming as the president prepares to meet with top trade advisers today lets begin with apple shares are down more than a percent on the heels that credit swiss saying iphones did drop 35 in coin. Analysts warning of the ongoing tariff threats they do couch it, jim, saying there is some seasonality. The timing of the calendar slightly up. The second double g digit in a row. They do, an important photo they talk about tariff costs will cost 67 more in the United States for an apple phone. This is definitely a negative. I always say own it, dont trade it i need to know more. I know a lot of these different surveysent whats really going on in china is inaccurate. The narrative implies the Chinese Government doesnt want you to buy apple when i read this, thats certainly how i feel they go
You told me things were very frothy a lots happened since then. The wework had just come out. We know what happened with the wework blowup theres been this sense that you saw with the wag news. Theres been these companies have raised an extraordinary amount of money and pitching themselves as Tech Companies that really went Tech Companies. Wework was not a Technology Company. Swag not really a Technology Company, and the combination of trying to get the technology valuations on companies that shouldnt be trading that way and companies that are just raising too much money and have no financial discipline. Hopefully some of that is coming to an end but i still think valuations are going to be crazy for a while. I think, if anything, this signals the beginning of the end of these shoot the moon sort of Business Plans what i mean by that is we just they dont work for two reasons. One, companies are raising a tremendous amount of money and they do that primarily to try and have some sort of
Suggestion now is that this one strike that was initially planned by transport workers and is now encompassed Teachers Health work is the firefighters and even the police could now start a ruling strike in the lead up to christmas and going on until the new year as the strike his attempt to make the french government rethink these Pension Reforms if that happens it will be the 1st time that france is seeing such massive paralyzing strikes across the country since the french Government Back in 1995 try to do exactly the same and tried to reform the pensions for the moment here in france people are adamant that they want to have their voices heard and it seems like today theyve come out to the streets to make sure thats happening. For boom bust in paris. Meanwhile china continues to push for the completion of phase one of the u. S. Trade deal sticking to the demand that tariffs. Have got to be rolled back a new round of u. S. Tariffs are scheduled to kick in on december 15th and it would