Forum, World Leaders speak out against protectionism, the u. S. Ambassador to china tells me that President Trumps policies are appropriate. What were asking for is fairness and reciprocity and open opportunity to compete. Flying in the face of decades of u. S. Foreign policy, u. S. Donald trump says he plans to recognize jerusalem as israels capital city overall, i cannot generalize saying that the u. S. Is making big mistakes, but there are big mistakes that the United States should admit its not a pretty picture this morning for european equities as we look at the heat map. A lot of red across the board. The stoxx 600 down 0. 3 . If we look at the sectors, driving some of that you can see real estate, food and beverages, technology, essentially everything across the board is down, specifically looking at household goods, autos, technology and banks all performing poorly this morning. Looking at steinhoff shares, they lost half their value in todays session after the ceo stepped down
Productivity washington helping drive stocks lower. Bitcoin boom, the cryptocurrency surging past 12,000 for the first time ever. And the buyback trade, home depot announces a 15 billion repurchase plan as congress looks on track to pass Major Corporate tax reform mute you futures moving lower three day losing street for First Time Since august. Data from adp, the private sector added exactly 190,000 jobs that was the estimate in fact. The year to date average now, 209, which is better than last years 181 well see what friday brings. Look, i think were in one of those moments when i used to trade professionally where you would come in and say it wants to go down i was watching will and morgan this morning japan is down. I said to you on cross talk, copper had a bad day you know, theres a belief that maybe tech is slowing down, which i cant find i ask everybody there isnt a big firm where is tech slowing down, cant come up with it. But the market wants to go lower and its okay. If we ha
Make big money if this cvs deal closes well tell you how much. Trying to count it up coming up first as you know, President Trump made this major announcement on israel today which could destabilize the middle east this coming just a day after carlisles David Rubenstein told cnbc the only thing that the market needs to worry about is an unexpected geopolitical event. The only thing we have to worry about in 2018 or 2019 some unanticipated geopolitical event, the black swan. But right now short of those kind of things i think the economy is reasonably good shape and probably going to be spurred on by the taxbill. Lets get to cnbcs eamon javers for a recap of eat vents. The president decided today to recognize that the capital of israel is in jerusalem breaking with longstanding u. S. Policy the president cast this as simply acknowledging the reality on the ground in jerusalem and said that he was fulfilling a Campaign Promise heres what he said earlier today. Today i am delivering ive j
Whole group. Well tell what you. First, the global selloff. Markets everywhere from europe to asia to south america all getting hit over the past month except for here in the u. S. , which despite the recent volatility is still up 1 in that time. We know its a small world after all. Is the u. S. The next market thats about to crack . Guy . The vix closed lower today, we mentioned that last night the warning signs are not there in the vix pete can speak to that the selloff in the hang seng index to me has been very interesting and something you have to continue to watch. I mentioned it because look at where we topped at the hang seng at the beginning of 2008, 30,000 look where weve traded up to and failed over the last couple of weeks the selloff has been pretty quick. Tenyear yields in china have gone up to 4 . Its clear the Chinese Government is tamping on the brakes you have to wonder is that causing some sort of cascade effect right now its manifesting itself in the hsi. You have to
Getting a nice boost from earnings well talk to the ceo in a cnbc exclusive, coming up another day, another record for bitcoin. The cryptocurrency surpassing 15,000 for the First Time Ever bitcoin has more than doubled in the past month its moving in thousanddollar increments now every day at this pace, the journal this morning says the it would end the year above 2 million, at this pace. Well, i think that people have to recognize that bitcoin is not created in huge amounts you can mine bitcoin using some nvidia chips or some advanced microchips but theres just not a lot of supply almost minimal at the same time, i have never seen a level of discipline of the buyers you obviously cant they must be afraid to short this thing. But the buyers are not letting things go. I mean, typically, you bring out sellers when you have this kind of parabolic move. Where are the sellers . I dont know. If were going to continue to have the same conversation every day, i think you and i and were going t