Day of november on the backs of home depot and kohls, both tumbling after cutting outlooks and comps forecast. The record rally for stocks, it rolls on. Futures as you saw pointing to renewed all time highs at the open and vaping crackdown. California suing juul for marketing to teens new york set to make a socalled major announcement of their own later today. Well start with retail, though, home depot shares down on the premarket, earnings did beat but sales missed and company cuts the full year outlook saying integration is not delivering as quickly as they thought. Kohls tumbling on weaker guidance i was curious to hear you say a moment ago that lowes is getting to be the better buy because well see that print tomorrow. Yes i have to tell you, i think Marvin Ellison energized the place. One thing that happened was that lowes fell behind home depot technologically. They didnt have the systems that is no longer the case as Marvin Ellison rolls out technology at every single lowes, and
We have been covering the economy, bringing you live coverage from beijing. In the meantime, this is what is happening in europe. Euro area november services pmi falling to 51. 5. Anything above 50 is expansionary but below forecasts. Again, this is for yourarea manufacturing for the month of november. Quite a lot going on in the markets. It is all about the ecb speech and Christine Lagarde. How she means new policies will be taking place. Stocks overall on the up. We had a similar rally when it came to asia. Pointing towards a marginally strong open in the u. S. As investors try to figure out headlines on the trade dispute. Say, a lot of the talk in beijing was on that. The dollar is mostly steady. Lets get first word news in newark city. New york city. I fear this was all going to blow up. Those were the exact words spoken by fiona hill in the impeachment hearings, that is what she told fellow diplomats but that she now understands why he was not involved in security or Foreign Polic
Out within the have and havenots of retail, the targets versus the macys and jcpenneys. We have the oecd cutting its Global Growth forecast for this year, in particular germany. They see growth up there just 0. 4 . But the market goes nowhere. The markets really want to drive higher here. For globalow exchange, where we bring you todays market moving news from all around the world, from beijing to new york to atlanta. Our bloomberg voices are on the ground with this mornings top stories. In china, top trade negotiator liu he says he is cautiously optimistic on a trade deal. Shawn donnan joins us from beijing. Whatever we learned so far from china . Shawn we learned that liu he, the vice premier, has been sending out some positive signals. What is important about that is at comes at a time when some folks in the market and some folks close to the talks are warning that these talks are in a pretty fragile state and could fall apart still. Liu he, as part of a visiting delegation last nig
Good morning weve got a big show this morning joining the conversation fox business megyn mcdowell and tom bevin and pollster of partners author of persuasion lee carter the great to see you. A lot of news to talk about today actually first lets talk about futures in china. Because markets are up this morning pointing higher this morning, a gain of start of trading gets because of some optimism over potential deal with china. China said it is going to raise penalties. On i. P. Theft surveillances major point of the negotiations with states and continue trade talk last week this has to be a positive. I think a lot of people are feeling this. But do we believe this . That china is, in fact, going to enforce this that ip theft is against the law . This is not even a trust that verify situation because we dont have any trust with china baked into their Business Model with i. P. And you know theyll have to prove themselves i think before anybody believes theyre going follow through on this.
Stocks drop and bonds advanced. Setting up the potential for further problems. I think there is a good chance that we will see some progress on trade discussions. I am encouraged. Anna a luxury takeover. After theack in talks annuities owner boosted its offer for the u. S. Jeweler. Good morning. Matt lets take a look at futures quickly. They are down acrosstheboard. More severely in europe. The s p, dow, and nasdaq futures are all down. Maybe there is a little bit more optimism. What you see . Anna maybe there is a little bit more optimism. This really does highlights the move to the downside we are seeing and stocks. These are session lows. It lifted the hong kong market. We saw the senate vote to approve that hong kong bill. Wait to see what President Trumps approach will be on that. Lets focus in on the markets. There he good to have you with us. I guess we have to ask ourselves how far stocks can fall if we dont get a phase one trade deal in 2019. There have been reports this morni