Bit despite news of increased inventories. For the global exchange, where we bring you market moving news from around the world. Are bloomberg voices are on the ground with this mornings top stories. Da tart with e curran. Had positive signs since sunday, when the government said they would push through new oversight of ip protection, and they want to punish those who are guilty of ip theft. That was followed by some details in one of the state newspapers that china is also looking at the oversight of any trade agreement with the u. S. In ways of ensuring that any deal isnt limited. Then we had the news yesterday from the Commerce Ministry talking about reaching consensus on core issues. The moonbeams it is been nothing but positive in recent days, matching what is coming out of washington, though we dont yet have any further details on when or if an agreement might be signed. We have your minder did have a reminder on the economy when profit for industrial firms dropped almost 10 from
Equal off the coast of legs and this is where the let us pray differently to. These. Piracy is on the west africa correspondent finds out whats being done to protect lives and shipping there. Hello im terry martin welcome to the program in new zealand at least one person has been killed in a bowl cannick eruption on white island the popular tourist resort police say a number of people have been injured and more fatalities are likely they say is currently too dangerous to carry out rescue operations 50 people are believed to have been on the island at the time of the eruption. New zealands Prime Minister to send our. Foreign tourists or among them. Well for the very latest now lets cross over to journalist caruso paramita cheese an auckland new Zealand Caruso what more can you tell us about the people caught up in this eruption. And yes terry as you know just half an hour ago Prime Minister just into art and new Zealand Police wrapped up a joint press conference to answer questions from
Big quarter for apple, set to report tonight after the bell. Investors closely watching the companys Current Quarter sales and forwardlooking revenue forecast joining us this morning, brian white as well as krish sangar. Stocks had a great run here. How much is priced in . Theres a lot of optimism going into this report i think really whats happening is the market is saying, look, we believe the services story. Iphone 11 has been good out of the gate theres a lot of things we need to think b aabout. All three iphones came out in september, versus september and october. We have some tariffs that have kicked in that could drag forward. All in all it should be a decent report, but i think the Services Report is more important big week for apple tv plus, big premiere here in new york. How much of that story is understood, especially when we start now paying more attention to disclosure and accounting on that part of the business . I would say a lot of it because there are a lot of unknowns
Good jobs number, decent ism bob pisani has more. We are starting to break the new narrative out there that were going to have a slowdown in 2020. Remember, the recession narrative have gone away, worries of three, four, five months ago, no more. Gdp is 1 to 2 now economic numbers are starting to suggest maybe the slowdown narrative is not a good narrative any more were taking the edge off the slowdown narrative thats why things are moving up. We not only have a strong jobs market, markedly strong revisions people werent anticipating then weak manufacturing. But new orders were generally good still 49, above expectations thats what youre looking for, new orders stock market is a discounting mechanism for future stream of earnings represented by the new orders ism not getting worse, thats the key. Heres what you need to think about. What will it take to move the market higher, another 5 to 10 . Three things very important. First off, see bond yields move up more. Good sign of modest ref
Press secretary America First sean spicer, payroll tax cut exploration and the mayor of el paso, texas demargo to talk immigration. Preview of trust open which begins tonight with the opening the opening party, you dont want to miss a moment of it so do join us. Breaking news, home depot is out, Ashley Webster with the numbers, ashley. Ashley good morning to you, match, earnings per share coming at 3. 17, that beats the estimate of 3. 08, revenue touch short, coming in at 30. 84 billion, estimate 30. 9 billion, samestore sales up 3 , u. S. Same store sales up 3. 1 , lumbar prices are affected declined significantly compared to last year for home depot, impacted the sales growth, approximately 3. 1 from fiscal 2018, Sales Guidance for the lumber price, so the cheaper lumbar is helping the numbers for you, those are the headlines for you, they have said before, maria that the tariffs, if they continue in the current form could cost them, home depot about a billion dollars each year, that