The dow plunging 280 points and s p 500 down 6 and nasdaq down. 55 but that is not true if the trade war were really all important, the averages would never have been able to surge to record levels over and over and over again as tense as negotiations may be it is more of an issue than most people seem to realize if that is the case, what just happened over the last four days why is the action suddenly become to frightening . What does it mean for your future and your portfolio . You have to think about larry kudlow, the chief economic adviser and Steve Mnuchin and thought china would be willing to open up the economy to American Financial companies if the president would give them a stay of execution on the scheduled december 15th trade hikes. But the hardliners in the white house, no, they warned us. They warned that if the free traders kept talking up the prospects of a deal the Chinese Government with push for better terms. That is thur style weve seen this before every time trump
The Investment Committee is ready to go. Halftime report starts right now. Welcome. Good to have you with us. Our Investment Committee at the table today. Ka were going to get to this big day in the stock market in just a minute. First, lets get down to washington, the latest from our kala. Reporter we saw the chinese vice premiere exiting. It was a departure that was casual and cordial. It seems as if they were continuing a conversation out on to the steps of the office here after about three hours of negotiations this morning. The question that we have right now before that Oval Office Meeting with the president later today is what signoff is required from president xi at this point. We believe after dinner the chinese delegation was in touch with officials in china, sort of briefing them on what had transpired throughout the course of today. What we dont know is whether today was just a fleshing out of already agreed upon principles or whether there were new material developments th
Again as it opens an investigation into one of apples most critical suppliers. Details ahead. Plus we go back to the picket line as Hollywood Studios return to negotiations with actors this week to end the monthslong strike. But first, i check in on those markets, and boy, has there been some volatility, particularly in treasuries. Whats the read across here . Theres been tremendous volatility at the surface level, so much so, lets start beneath the surface. If we had been looking at this board an hour and a half ago, there would have been at least some red on it. But it flipped to the upside. Microsoft and meta, two of the mega cap companies. That are reporting this week. Microsoft tomorrow, and meta on wednesday. A big piece of this turnaround for sure from a micro standpoint. For microsoft, one of the keys could be their outlook for azure, the Cloud Business that was disappointing. Plus color on a. I. , for meta, its all about whether or not they can maintain mid teens growth. That
Shared challenges and what has been developed in the face of fastpaced changes. So now, i want to turn to the hadnsland premier, who i the pleasure of meeting during my travels to australia. She will tell us about what is innovationenslands a, in what role you see the United States playing in that. Good morning. Good morning. It is a pleasure to be here with all of our counterparts and lovely to hear from our Prime Minister. We have a lot of opportunities to work cleverly together and share ideas. This is my fourth visit to the United States as premier, and every time i tried to visit a new state and a lot of the ideas i pick up i take back to queensland. We have a very diversified economy and we have a program called advanced queens land, which is a fund in which we are investing and business development, industry attraction , in scholarships, especially for women, to allow women to , and ivolved in research am also proud that in my cabinet we have 50 women as well. It is a world firs
Gentlemen, i want to pivot the conversation to hear from our australian counterparts. Workingitment to together beyond this dialogue is critical to the growth and development of our state of economies. Increasingly, across our two countries, we have seen hurdles and opportunities to Economic Growth created by new innovation. Today with my fellow governors andthe australian premiers chief ministers, we are hoping to learn from our peers on different approaches to these shared challenges and what has been developed in the face of fastpaced changes. So now, i want to turn to the hadnsland premier, who i the pleasure of meeting during my travels to australia. She will tell us about what is innovationenslands a, in what role you see the United States playing in that. Good morning. Good morning. It is a pleasure to be here with all of our counterparts and lovely to hear from our Prime Minister. We have a lot of opportunities to work cleverly together and share ideas. This is my fourth visit