Jobless claims, lowest since april. The president agreeing to a twoweek delay on the tariff pause. Plus, the ecb is launching a new bondbuying program. Could it impact fed Decision Making until the next week and as the democrats get set to debate tonight, Elizabeth Warren propose ago sweeping increase in Social Security benefits financed by taxes on wealth the president delaying the imposition of good will tariffs. All of this coming ahead of planned meetings between the u. S. And china in early october. Earlier on squawk, the treasury secretary described the state of trade between those two countries. Weve had a series of principal level conversations. We have a deputies meeting planned in the next two weeks where the chinese will be coming here and working on material the vice premier coming here at the beginning of october to meet with ambassador lighthouser and myself we look forward to making progress over the next few weeks. Set tariffs could go up, they could go down. Hes lookin
Year can it keep rolling on mad moneys jim cramer is with us for the hour the Halftime Report starts right now. It is great to have you with us on this monday. Our Investment Committee today, joe terranova,ster know, and jon najarian and cnbcs jim cramer, host of mad money. Always great to have jim on the desk earnings economy and Rate Decision front and center and President Trump firing off on the fed once again tweeting that the fed raised rates too early and too often and said a small cut isnt enough meanwhile janet yellen giving her thumbs up for a cut. Although the u. S. Is doing well, i would be focused on wanting to keep it doing well, to keep the expansion on track, and i think in light of the risks, i would be inclined to cut a bit. I wouldnt see this as the beginning unless things change, of a major easing cycle. Cnbcs senior economics reporter Steve Liesman is here as well to give us his two cents and much more, i hope. Its a foregone conclusion in terms of what the fed will
Continue to drive Growth Stocks are poised to rally ahead of what could be the feds first rate cut since the crisis. And gaming headwinds, amd delivering a revenue warning first up, apple rising on the better than expected results iphone down from a year ago and now represent less than half of quarterly revenue for the first time in about seven years. Yeah, headlines today in the papers are staggering. New york times, apple reports declining profits and stagnant growth again wall street journal quotes richard cramer, no relation. Were these people on the same call maybe they were on the rotten apple call, i was on the straight apple call. I heard a situation where you are going to if you actually think out in the out years, it is a Service Company with the best Customer Satisfaction there is and when you get an appliance of which there are about 1. 5 billion, you are beginning to take either apple cloud or the app store, the ads, i think that you will be looking at the credit card star
She spoke to reporters about the reason to pause in order to restore order. But she didnt stop short of retracting this bill altogether. Our chief north asia correspondent Stephen Engle is in Victoria Park around the outskirts of that area where the protests began. What do you see . People are angry. ,hose are the words disappointed and angry after that press conference yesterday. Is targeted at a few points that she made. She stopped short of withdrawing the bill, saying it was still necessary. Obviously, the people coming out here want the bill withdrawn. She sidestepped repeated questions on whether she would resign. They also wanted a release of protesters who had been detained since wednesdays violent protests. They want charges to be dropped and want accountability. Is there any indication that we could see scenes from wednesdays clashes and violence . This rally is more like last sunday. Family, strollers, and kids on fathers shoulders. There are not a lot of hard helmets, goggl
Issue. I wanted to start with comcast. It is another story in the features section. What i loved about it is that it is kind of an old, stodgy Media Company transforming to the next generation. Joel this is a fun one. The son of the ceo, Tucker Roberts, is the guy leading the companys foray into esports. They are doing it in philadelphia, where the company has its roots, and they have actually even built a single use stadium for esports, which is a crazy way you can really double down and make a big bet. But the question is, will it really work . Taylor another question has to of will this work has to be ge betting on a new ceo. Market cap has been falling, what is the update on ge . Joel this is the most Iconic American Company and it has hit every rung on the way down when last year it even fell out of the dow. The ceo came out of retirement to try to save the company and this is really a question of, can he do it . It is the ultimate ceo test. The jury is still out if you can pull i