Overnight that washington could be delaying easing up restrictions on huawei as part of the trade war deepening tensions potentiallimentpotentially ment and we have the s p 500 and the dow coming off some highs yesterday. Overnight in asia, we had some interesting news out of japan. Theyre changing the way theyre buying maturities across the yield curve. We have the nikkei higher by 0. 4 we have red arrows on the hang seng and shanghai. New china data overnight that showed food prices surging 9 , largely in part due to a surge in vegetable and pork prices european equities, down arrows across the board the dax is down by 0. 9 . Treasury yields, this has been the focus all week, yesterday the intraday on the tenyear yield was 1. 793 we are seeing extraordinary moves on a daytoday basis. Getting close to the twoyear feeling it feeling it feeling it little resecessionary feeling i. We have one other piece of Corporate News to bring you. Uber shears undehears unde s uber shears undhares un
The dow was down about 145 earlier. Technology and financials have chip makers suffering. Transports down 1 . United continental the biggest looser and they have been a looser on a lot of fronts in the past 48 hours. Gold up more than 1 , on track for its biggest gain in three weeks. Thank you. Here is what else is happening at this hour. Starbucks is moving beyond coffee wi coffee. A new lunch menu at more than 100 stores in chicago. A management selling hostess brands. Small Business Optimism falling off the post election highs we saw. Running out of steam. We begin with the nations top ceos back at the white house today. Live at the white house with the latest. Reporter it was the president s 13th meeting with American Business leaders, his 15th meeting if you count Business Executives from germany and canada, all of this within 12 weeks of office. Todays meeting was the second such meeting. The largest multi nationals in the u. S. Were here visiting with the president , visiting wi
Will join us on macys earnings. Jon futures negative, down by 48 points. Europe come after two days of gains, weve rolled over a little bit with the dax off by. 8 . You at italian banks specifically. Bottom sachs calls the after a day of losses. Euro. Nger in the face of a lot of slide in the treasury market, 10 year is in focus today. Yields still lower, down by a basis point. That call on the yield. Does not look so outlandish today. We will talk a lot about the dollar today. Geetha ranganathan breaks down disneys disappointing earnings. How the yen is affecting toyotas bottom line. Guy johnson has goldman is latest call on the dollar. Ahead to theooks vote on Dilma Rousseff. Plummetingisney premarket. It posted secondquarter results that missed analyst estimates. ,e welcome Geetha Ranganathan live from princeton. Lets talk about the shortfall and reaction here. Obviously, they missed both topline and bottomline. Most of their media peers had reported better results. What happened th
Because we are attending the annual baron Investment Conference. The man behind it, ron baron, will be joining us for the next two hours in just a moment. We will bring along some Portfolio Managers and the ceos of some of the best performing investments. First, andrew and joe have some of the mornings top stories. Guys, how are you feeling this morning . I dont know how were feeling this morning. Joe has his eyes closed. Thats how were feeling this morning. I rolled in about 5 44. Yeah. I had about ten minutes before. Come on, bright eyed, bushy tailed, boys, we are ready to go. Were raring to go. My buddy, mac, said coffee, joe . And you know i why are you . Thats the first thing he said to me. You never drink coffee. Yeah, i dont. But i might. I heard you asking for decough. I didnt understand that. Becky drinks coffee. I drink decaf every morning. Becky, you didnt go back to the garden state, did you . Or did you . No, i didnt. Okay. In a in a hotel. It was a long pause. And andrew
Strategy . All that and more on the nightly Business Report for tuesday, may 6th. Good evening, everyone, open sesame, ali baba could be spreading message on wall street. Or thats the hope. They filed paperwork with american regulators this afternoon so it can sell its shares here in the u. S. Market. They have been often described as chinas amazon, ebay and pay pal all rolled into one internet powerhouse. It could be the biggest ipo since facebook went public two years ago. We have more about ali baba. John, i know you have been pouring over these hundreds of pages, what new do we know about this company . How big is it and how might it change the whole internet world now it will be a Public Company . Susie, one of the things we know is their ambition is they want to serve china primarily. A lot of people are wondering, do they want to expan to the u. S. . At least based on what that you see here, they are still focused on china. Now the value of the goods sold there, in an enormous m