S p up s p up and the dow indicated up look at what happened overnight in asia. The nikkei opened up in europe where there is active trading, youll see green ar owes across the board. The ftse was up more than half a percent. Youll see at least the 10year is yielding 1. 8 big news, weworks board now weighing two competing Financial Rescue offers. Expected to accept an offer from softbank to take a controlling stake in the company the decision could come as err will early as today the are rescue package from sofk to buy up to 3 billion in shares held by other investors they would also put together 5 billion in loans sources say theyll pay the founder adam neumann up hundreds of millions to leave you are paying him twice. Hes the only one who has made money on this deal. Meanwhile, theyll begin layoffs almost immediately of almost 2,000 people. One of the reasons they delayed the layoffs is they couldnt afford the severance youll wait here for adam neumann to go home im told that will ke
Sense that there are Different Things that come out we had the futures down, the equivalent the s p down 1. 2 and came out with a statement with hauwei we didnt come out. New york times cited sources saying there might be nonessential equipment. You understand what i mean, meaning that there is a story floated, let me be more accurate that made it so that the bear market of last night ended no stocks trading. Its kind of amazing when people started the futures in 1984. Did they ever envision a world, this is our gamble if there is no stock trades, its a gamble. I feel the momentum behind these talks. I cant believe theyre having talks after whats gone through this week. I dont know. Well, you cant listen to lighthizer, you know, the contradictory nature of this sometimes that we see from the administration, whether its navarro contradicting kudlow, lighthizer, mnuchin and the president s tweets, it makes it very difficult one would think for an investor to try to figure anything out ex
Concerns over software and tech stocks lower weve been up, down, all around for the markets today. As we stand, though, with 59 minutes, were higher on the dow, lower on the s p. Joining us for the full hour, from capital usa, keith, good afternoon to you. Thank you, wilf. Earnings been Strong Enough so far or have they been resoundingly strong this week . Theyve been strong so far. I think the markets have been less than vigorous, shall we say, the last couple of months i think well enter a period less vigorous than it was before thats going to be a key component for how we evaluate the economy and market Going Forward. Lets check in on the markets. S p 500 down by about 0. 1 and the dow higher by four points so far. Retail sales, and eamon javers has the latest on trade lets start with wilf on the banks. Bank of america reported this morning. They continue to feed from yesterday, the impact of low rates, while negative, has been less bad than feared that interest margin was down only
You guys know better that not nasdaq indicated down and s p anyone doing a secondary in your ipo is unparalleled. Down by one. That is a testament to the investors we brought into the down was down by 180 points ipo that believedin us again we did that a month ago over the yesterday. Every move we see seems to be premium of the price trigger by the moves of these the larger conversation being had about investors i think trade talks. There is a difference here lets look at the treasury this is why i think this is succeeding a, not only are you nailing the market the 10year looks likes it numbers, but, b, because you are yielding 1. 592 . Only for five years and you had to take in crazy amounts of 30year about 2. 1 money prior, right dont you think thats a huge part of this i do. I think we had very strong investors previously when we were a private company in todays environment, if we twoyear trading at 1. 462 needed them to do a 100 insider one Earnings Report of note today, Delta Airl
Now. Good to have you with us on this big thursday. Our Investment Committee at the table, joe, jim, sarat, and jon. We begin with the market stocks are higher, trade meetings continuing. What all of that means to your money. Lets go to Kayla Tausche outside where the talks are being held for the latest. Keep an eye on the door behind me because that is where we expect the chinese delegation to be departing momentarily. Actually, you can see them coming out the front of the office of the u. S. Trade representative right now there are are about three dozen officials inside led by the vice premier liu he to the hotel where the group is staying, regrouping and discussing matters of this morning that were negotiated and possible next steps before an afternoon session and a dinner hosted by the u. S. Tonight of course, all of the fine print is being worked out behind closed doors here, but it was the president s tweet this morning that created the most Significant Development in this story