Coming out with earnings this morning. The big story that cut its full year revenue view seemed to maintain its earnings and increase its gross margin forecast for the rest of the year. Its revenue at 2 versus 4 on the high end. Remember this is all in part as well as the stock plunges. They did not comment. They wont comment on any further investigation. They do say they are cooperating. Our time for global exchange. We bring you todays market moving news from around the world. Bangkok to london to washington. Our bloomberg voices are on the ground with this mornings top stories. We want to start off with the latest trade development. The u. S. And china say they are close to agreeing on the first part of a trade deal. Wilbur ross spoke to bloomberg expressing optimism on the socalled phase one deal. I think we are in good shape. We are making good progress. And theres no natural reason why it couldnt be. Alix joining me on the phone from bangkok is ed in a edna. Also that exclusive i
And back in your bonuses, mps called support. On former thomas cook boss is to do the right thing after the travel firm collapsed with debts of £1. 7 all going smooth, lets get the sport with will perry. Lets talk billion. And coming up, all of the sport with about the fallout from those a will perry. Coming up, we will have all of the disgraceful scenes last night in fallout from last nights events in sofia. The uefa president has been sofia, bulgaria in that game against bulgaria and england. Also the speaking after the abuse of england latest from the england and wales for all players in bulgaria which caps for the Rugby World Cup in japan. See you later. Included nazi salutes. They said thanks, and darren is looking at the weather for us. They need to wage war on these we have much needed dry weather racists and uefa claims it is doing today. The sunshine is even out, as well. More rain in the forecast, we everything it can to eradicate what will look at that later as well as it c
This comes after a decline of about 29 points. S p indicated up by 12. 5 you want to take a look at whats happening in the president ry market yields look like they are a little weaker. Dow component is reporting. Company is reporting a quarterly profit 3. 88 a share increasing the full year out look we have a nice gain in the stock there. This is a dow component. Thats the headline. It is going to help the dow. That is one of the reasons 3. 5 points adding nicely we wouldnt be up without United Health a lot of different view points on how theyll fare. Depending what happens they have been weak. Wont mention any names. We have an update lets do black rock first we have a lot going on earnings coming in from black rock looks like they earned 7. 15 better than they were expecting. Revenue looks like they are about in line with expectations. Couple other things, they say the longterm net flows. 52. 2 billion. This is a company has has 649. 64 trillion this companys ceo will join us who is
Balloons increasing 26 to just a little less than 1 trillion. Joining us for the hour is chris verona, Strategas Research partners here we are, we can see it, we can taste it, a new record high and everyone is really calm around hiere. The lack of euphoria is telling. Theres this great divide between perception and reality what are the headlines impeachment, recession, china, pmi under 50 but the reality is, signs of cylicality are starting to show up in every corner of the globe. You see it with semis and with trucking stocks, german dax is at a 52week high, the banks are acting better. I think the tone of the market is so different than what the tone of the front page of the paper says every day and i think thats bullish great to have chris with us for the whole first hour of the show, particularly given that we might have that record alltime closing high for the s p 500 the key level to keep an eye on, by the way, 3025. 9. We are at 3022 at the moment lets focus in on the big storie
Investment committee is ready to go. Halftime report starts right now. Welcome. Glad to have you with us. Our Investment Committee at the table. We deal with the markets, stocks are higher. Pretty good Earnings Reports. Are we right theyre good enough, is that fair no. Theyre good. Much better than good. Jp morgan was kbrat. Cost in line and lowering cost guidance going forward. Valuation attractive. United Health Care Beat and raise and medical loss ratio which everybody was freaked about, in line. J j raising organic growth to five percent. I actually bought more j j. I dont think its up enough. You bought more j j. Joe, you bought more jp morgan. Absolutely. Lets talk financials for a second. Lets talk about jp morgan. Alltime high in this stock. Youre talking about a sector that is going to have flat Revenue Growth. We talked before. We want to see expansion in lending. You got that in auto lending, home lending. This is a phenomenal quarter. Citi group reversed its earlier losses.