Its an ugly day on wall street, all major averages are down 2 . The dow wiping down 900 points in just two days we are on track for the worst start to the Fourth Quarter since 2008 and tech, one of the worst performing sectors today, check out some of these moves, microsoft, apple, visa, cisco all under pressure for more, lets get to bob posani a slowdown, not a recession thats a consensus will change the way you look at things a week consumer would second the country down for an Early Warning sign, ive been watching these big consumer stocks that have done well the last few years doubledigit gains here, theres some cracks showing. Starbucks has been weaker in the last month its down about 12 . That may not be surprising given how china is in its portfolio. You see some of the consumer giants here. You can argue, go to the defensive stocks these stocks have had large runups this year. That play has already happened these are very expensive names right now, coke, kimberly clark, Procter
Are open to a partial trade deal plus the 8 billion surprise Johnson Johnson slapped with a massive jury award over an antipsychotic drug. Apple is facing criticism from china at issue, a third party Smartphone App that allows hong kong activists to track the movement of police first up, stocks looking to recoup losses from the selloff yesterday. U. S. China trade talks one day away wall street is also waiting the afternoon release of the minutes from last months fed meeting where well look for clarity or any kind of color on discussions about Balance Sheet or where rates may go from here. Terrible close. It was. It was ugly. A give up type move. Interesting actually daily path that the market took selling off in the morning and right ahead of the jay powell speech, the european markets closed, starts to trend upward, seems like it is going to find its footing, and then the kind of announcement of u. S. Visa restrictions on certain chinese nationals that basically people said, okay thi
He was elected in june of 2018 and assumed his office in august 2018. He will make some opening remarks and then following that i will come up and preside over some questions and then have anybody here who wants to ask a question be able to do so. We will go until exactly 9 30. Everything is on the record, and so please when you do have a question standup, identify yourself, your affiliation and then ask a question, not a long statement. That would be appreciated, and one question per person would be appreciated. Okay, its my honor to do you introduce the president of colombia, president duque. Thank you so much. Good morning. Its a great pleasure for me to be here with you. I want to thank you, david, for your introduction. I want to welcome friends from different think tanks, former public servants, members of the International Development bank organizations. So my great purpose of this morning is to, in ten minutes, try to describe where is colombia heading to, and why its very impo
Why Tech Companies in the United States are hoping president trumps political problem could be there again. It is official. Wework is pulling the plug on its ipo, at least temporarily. New ceos coceos of the company want to focus on its core business before going public, which they still plan to do at some point in the future. Wework has been burning through cash. It is now planning thousands of job cuts and will put several of its businesses for sale. Ellen, i want to start with you. This story has been evolving dramatically over the last few weeks. What is the latest from this morning . It is official it is official. The ipo will be put on hold. That confirms a lot of the reporting we have had in the last week or two, which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. They are going to be spending the next few months with these new coceos, trying to show wall street, you know, we are going to cut back on expenses. It is no longer going to be a c
As the chairman of foreign relations. Like to welcome our members. We are pleased today to have the president of columbia. Here is our special guest. Not unfamiliar with d. C. , hess been here 14 years. He got some of his degrees hear from American University into George Washington university. Hes trained as a lawyer and worked here at the department where he served as a officer in the area and special advisor to the president of the bank on columbia. He was elected june 2018 and keassumed office august 2018. Make opening remarks and following thought, i will preside over some questions and anyone here who wants to ask a question can do so. We will go exactly until 9 30 p. M. The thing is on the record so when you have a question, stand up. Identify yourself, your affiliation and ask your question, not a statement. One question a person. [applause] good morning. Its a great pleasure for me to be here with you. I want to thank you for your introduction. I want to welcome friends, my pur