Offering a possible sale on the slopes eyeing a take over and other luxury targets get a boost among the consolidation. Turbulence ahead. Shares of skand Avian Airlines are lower. Saying they expect a rough year to come. We are forecasting a rather challenging year for 2020 where the outlook is designed at 3 to 5 of course, there is more work to be done. It is a busy day if you are an oil trader. Opec numbers will meet to decide whether they should take fresh action to support prices reuter has reported a deeper supply cut is the main scenario up for discussion. It would represent some 400,000 barrels a day. Saying there was not yet a consensus. He would prefer to roll existing supply cuts over to the end of next year. Our colleague joins us outside of that meeting. What else did he say about the cuts extending reporter good morning from vienna where Top Oil Producers are meeting to discuss the potential deepening of the opec cut deal this is some what of a surprise. Coming into the me
Moving out to the sidelines. Leaders gathering in england for a second day of meetings and another black eye for boeing as a Major Airline opts for airbus all of this as we begin right now. Good morning and welcome to the show, im dominic chu in for Brian Sullivan lets check out what is happening with dow futures they were lower until a headline moved from Bloomberg News saying u. S. And china are inching closer to agreeing to the amount of tariffs that will be rolled back in a phase one deal those headlines sent futures which were solidly red this morning and all of a sudden shot higher the dow is up about 135 points if there is a lesson in the last 24 hours, it is that every single trade headline matters. The dow at one point falling more than 400 points before closing down 250 days lower. The worst day insurance early october. A rough start to a month that has historically been a strong one. Turning to the bond market the dow jones futures, nasdaq and everything else. 10year 1. 75 .
Housing data rebounded with Building Permits at their highest levels in 12 years we are set once again for record time close on the nasdaq anything positive, of course, is a record the s p has just dipped negative the dow has been negative for most of the afternoon. Joining us for the full first hour of the show, steve weiss from short Hill Capital Partners steve, very good to see you. How you doing . Good to see you what stands out as to whether or not were going to issee a meaningful move higher or lower . Its all about trade. Home depots announcement aside, which wasnt terrible wasnt terrible or was terrible was not terrible. And the stocks appropriately are saying, theres lots of people buying it into the earnings. And home depot, lets face it, theyve delivered remarkably over the last decade, particularly since new management came in but i dont think its really a referendum this report on the health of the consumer, which is what the market is based upon. And appropriately, were b
Outlook and some of the things we have done with regards to the tax cuts and jobs act, different regulatory changes, to maintain the growth we have seen or expanded, what recommendations would you give . I think the outlook is still a positive one. There is no reason the expansion cannot continue. There is a lot of value in continuing it. We have to use our tools to accomplish that. We are seeing in the 11th year longest inion, the u. S. Recorded history, what we are seeing is that income gains are the highest at the lower end scale, so it is positive. We are also seeing people being pulled back into the labor market. There is a lot to like about this rare place of the 11th year of expansion. I think we are committed to doing what we can to expand it. Rep. Herrera beutler in that know your testimony touched on concerns with the national debt. Could you elaborate on that and how it should be addressed, particularly as it relates to expanding or at least not contracting the economy . Cha
Dot a big show joining the conversation pain Capitol Management is with us and Mitch Rochelle in editorial page ed tore James Freeman great to see everybody this morning. Thank you so much for joining souse so we have a market following bouncing ball of china President Trump, of course, addressed the Economic Club yesterday a event that i attended futures are down this morning but president was talking about china trade negotiations talking about Strong Economy heres a bit of that. Unploim is recently achieved lowest rate in 51 year. Africanamerican unemployment hispanic and Asian American unemployment have all reached lowest rates in history. Nearly 7 Million People have been lifted off very importantly food stamps, 7 Million People off food stamps. Since my election the s p 500 is up over 45 president obama the dow jones is up over 50 . And the nasdaq is up 60 . Their supply chains are cracking very badly. And they are dying to make the deal. Were ones that are deciding whether or no