China is now falling back on its major levers to stem their biggest decline since 1996. The shanghai comp positive dropped 7 overnight before policy moves took place. They came in after hours. The besthat some of minds have been saying about china. I tell people be cautious because i dont think china can come up that easily with a solution overnight. Complicated situation and Financial Markets is not the first thing on the radar screen. Thats why this market is trying to find its own level and its clearing at a much lower level than most people have expected. I think the market is very oversold. Over 1200 new lows, 12 month lows on the new york Stock Exchange. Usually, this occurs at the end of a bear market. This has occurred at the beginning. This is a signal that something is very wrong. Dont get excited, take a few days off, wait for the market to stabilize and then come in. Dont be afraid to buy when everyone else is selling. Dont do it in a rush, take your time. Julie hyman is wi
Citizenship. Its not a permanent fix. If congress chooses to make changes to this law to do so through the process set forth by our founders. Deirdre that was u. S. Attorney general Jeff Sessions laying down the loft announcing president President Trumps decision to phase out what he calls unconstitutional obama era protections for socalled dreamers or immigrants who were brought into the u. S. Illegally as children. Putting the ball in the congress is court with this giving them a sixmonth window to fix fix it. Welcome to risk and reward i am cheryl casone. Great to have you here. A lot of news to get two for the day. Well we will start with what happened on wall street, the triple digit dow dropped. That dao diving more than 200 points as north koreas latest bond test watt rattled wall street. We will talk about the impact on your portfolio and now the ball is in congress as court to act on the controversial obama era executive order is calling for deferred action on the illegals who
Analysts weve got the number within analyst in biotech here to give us his favorite two names in that space. Yeah, the big cap and the small cap. In that order. You really have to know biotech. You really have to know. Im looking forward to speaking with him. Plus the man that won the paper called half man, half god, for his marketmoving calls. The number one equitylinked strategy will join us coming up. Think thats on his Business Card now we start, though, with the clock the stock powering the dow higher today, that would be walmart, shares surging 5 after some key announcements during its analyst day in bentonville, arkansas Courtney Reagan has some of the details from cnbc headquarters courtney reporter hi there, bill. Investors are pretty happy as you can see with walmarts forecast, two year 20 billion share buyback. Walmart shares up more than 5 hitting highs not seen in more than 2 1 2 years so walmart reaffirming its current year forecast which brackets analyst expectations. Al
Heads of organizations. This hour, we will also be speaking to one of the biggest names in private equity, jon moulton, and then later Nicolas Dufourcq. Overall, stocks in asia seem to be dropping a touch. European stocks were mixed and bonds rising as investors focused switching back to Central Banks. Several policymakers were cautious about raising Interest Rates again this year. The dollar weakening a touch, you can see. Thats your business flash. Lets get straight on to the bloomberg first world news. Nejra donald trump has said he will announce whether or not he will decertify the iran nuclear deal, quote, shortly. Thats ahead of the deadline this sunday. Trump has called the agreement a badly negotiated deal. Has denied ever calling for a bigger u. S. Nuclear arsenal. His comments came response to an nbc report that he had asked for a tenfold increase in u. S. Nuclear capabilities. He also questioned whether the broadcast license should be taken away from nbc television. Ofbrusse
Joins us from the imf fall meeting in washington. Also kara swisher. Kara, good morning to you. Hi, how are you doing good. A lot to get to. Our top story and the growing backlash against big tech. Amazon is suspending roy price on allegations of mismanagement, Sexual Harassment, and allegations of his close relationship with Harvey Weinstein as rose mcgowan called out the amazon executive, saying price acquisitioned her in 2014. Heres just a sampling jeff bezos, i told the head of your studio that Harvey Weinstein raped me over and over i said it, he said it hadnt been proven, i said i was the proof. I was ignored, deal was done amazon won a dirty oscar jeff bezos, im calling on you to stop funding rapists, alleged pedos and sexual harassers i love amazon, but there is rot in hollywood New York Times saying tech giants once seen as saviors, now viewed as threats. Theres, obviously, a lot to unpack here, kara, but lets zero in on amazon to start with. How disruptive is this well, you k