Washington says the meeting was constructive. Joe biden is the front runner of the democrats second night of debates. Breaking news out of south korea. We are getting cpi Inflation Numbers missing expectations for the month to month. It is contracting 0. 3 . The second month seen cpi inflation in south korea track in the negatives. In expectation of prices to stay flat, but we are seeing deceleration monthtomonth. Year on year, it is also a miss. 0. 6 tion accelerating instead of the expected 0. 8. Also deceleration from the previous month of june. Year on year growth of 1 acceleration of core cpi year on year. That is a little above expectations, but the numbers that matter, monthtomonth and year on year are missing estimates. Monthtomonth deceleration and deflation for a second consecutive month. We have seen pressure given oil 14 es, brent crude was down on average. This could put pressure on prices. We still have to say, very well below that target of 2 . Lowerven after the ok thei
Environment, as well. A good day for small caps. Yields are down. Tech is up. The big names getting a nice lift. Speaking of, the mega caps it take us to our talk in the tape. Assessing apple. Once the biggest and most important stock in the market. Now this tells a very different story. The share is the worst performing in the group this year. Will tonight get the stock back on track . Let us ask our panel. And requisite Capitol Management and joe terranova. And they are both cnbc contributors. Great to see everybody here. And you get the ball first. What do you think about tonight . I will take the ball and run with it. I think a lot is priced into the stock. First if you look at the chart technically over the last one year. As joe can attest to perhaps lower lows and higher high prices. But i think that is going to continue to grow. There is low expectations. Im going to stick with tim cook. The bad news is priced in and the stock is trying to make a balance from the longterm suppor
Because this government has a fine record in terms of what weve done in humanitarian support. Its education, girls and others around the world and in helping people access to prep water and resources they need. But it is free trade that underpins our growth. We will be the Global Leader in free trade, if we could is also the best antipoverty policy for those countries. I will be and im ashamed, unashamedly will go out there and get the message that we im sorry the labour party is turning its back on something that is let to the prosperity of the United Kingdom. May i congratulate my right arm of a friend on her emphatic support for free trade . In the European Union we currently run a deficit with the of the 27 Member States. According to the office of National Statistics of 62 billion a year. However, we run a surplus for the same goods and services with the rest of the world of over 30 billion which went up by about 10 billion last year alone. Will my right honorable friend continue
Slack over this. Carson block will join us. General motors cfo Chuck Stephens on the Company Earnings coming up shortly. Payroll this is like friday. It is just under 45 minutes time that we get that decision. In the markets ahead of that decision, futures over in the u. S. Looking at equities in europe, in the u. S. , still positive. A vague lower in europe in the last hour, the dax down by 33 points after a fresh high hours ago. This is the fx market approaching that ecb decision, the euro dollar 113. 12. Earlier on, ugly retail sales from the u. K. , cable did, but now it has come back. We are up on the day by. 3301 . Of 1 . Crude bouncing higher again today by almost. 1 of 1 . Those are some of the market moves. Lets get to matt miller. Matt some company news. American express rising 3 in the premarket. The biggest u. S. Credit card issuer posted a thirdquarter profit that beat analyst estimates. Customers are increasing spending, good news for a company that has been hit recently
And. And were going to get another good snapshot of the retail world in about at hon when j. C. Penney and nordstrom both report. J. C. Penneys continue toss bite out from the very deep hole it dug for itself. With an hour to go in markets, the Dow Jones Industrial average up about 49 points this hour, the s p adding about seven, the knead dab is up 14. Were keeping a close eye on the rate space. Watching oil, scott, looking for whats driving, what is the catalyst in this market. Joins us now, steve crawl, cnbc contributors Heather Hughes and great, and todd saldoni, and yes, of course our own rick santelli. Whether its iraq. Well, the good news about that is its going to force Interest Rates to the fed can only do one and do at the most, and so youre going to force investors to put money into stocks, bonds and junk bonds. In light of whats happened, especially . Germany, flirting with a 1 mark, you think that tenyear rate could go . And probably the key is it will probably stay below