Claims came in better than expected, 709,000 signaling more improvement in the labor market. And treasury yields dropping sharply following yesterdays bond market closure. Thats putting pressure on banks, which are among todays worst performers though still strong performers for the week 59 minutes left in the session, sara every sector firmly in the red. Ahead on todays show, chipotle unveiling its first ever digital only restaurant this week without a dining room or a line for ordering we will speak with the ceo brian noccol about the strategy there. And Jeremy Grantham said he thought the market was a mccoy bubble we will get an update on his that it is since those comments. Disney, pal an tear and cisco reporting after the bell we will bring you the numbers as they happen. Mike, whats the market dealing with. Contending with worries pileup of news on the shutdown, on the virus, maybe getting worried about what growth is going to look like in the First Quarter or two the s p 500 was
Thank you all for being here. About to start today by congratulating the people of israel and of the uae. Today is a historic breakthrough for peace. I want to congratulate President Trump on this milestone. He worked hard on this with his team. We worked with the Prime Minister and crown prince who are two visionary leaders who made a big step forward today to change the region. The last time we had an agreement this in the region was 1994 when israel made an agreement with the kingdom of jordan which stopped aggression and brought forward peace. With the last 26 years, there has been a lot of development in the region. Some positive but many that have set the region back. Andas led to lives lost open trinity destroyed. In a region that is had a lot of problems. When President Trump came into office, we had a caliphate for isis in the middle east which was the size of ohio. Instability,of arounds aggression was being felt throughout the region and their proxies were very wellfunded ca
Opened. It looked like we were headed for 1 plus drop. Lets get the details on what happened overnight. Time now for Global Exchange to bring you todays market moving news from around the world. Joining us on the phone from france is bloombergs maria tadeo. From hong kong, we have enda curran. Here in new york, bloombergs michael mckee. We start in france with the g7 summit wrapping up. We just heard from President Trump and indian Prime Minister narendra modi. The highlights from this morning, and what happened over the last 72 hours . Maria the conversation here was mostly about trade. European officials were concerned that perhaps donald trump would go off stripped would go off script and could signal a recession in the trade war. Goodid he had a very meeting with angela merkel. Remember, the relationship between the two of them has been rocky at times. He also said hes looking forward to working with the european union. The other big surprise was that very short trip from irans for
Getting hit. Hi, eamon. Yeah, as of this moment, the feel iing in the building is th they are still tracking and expecting some kind of response from the president to the chinese tariff escalation of this morning which happen nd the premarket hours. Now aides are telling me they dont know what the president is going to do here they dont know when hes going to do it and they dont know what the format is going to be are we going to get a tweet from the president this afternoon see him behind a lectern here at the white house . A piece of paper from the press office no real planning for what thats going to look like but the expectation a is that the president is going to respond. We know the meeting with the president s team has wrapped up now and you can take a look at policy advisers who were in the room with the president as they talked about all this. Mnuchin, larry kudlow then Robert Lighthizer and Peter Navarro on the trade team specifically all in the room with the president for a
372 billion worth of good from mexico every year. The prices on all of those goods would likely go up, consumers would feel that so would businesses. Critics claim that the tariffs would slow the u. S. Economy and they are likely right. Over time they probably would. But we ought to impose them anyway. Not every government policy is a pure economic calculation. The United States is attacked by as who till foreign power. It must strike back and make no mistake mexico is a hostile foreign power. For decades the Mexican Government has sent its poor north to our country. This has allow that countrys criminal oligarchy to maintain power and get even richer but at great expense to us. In the United States damaged our communities, ruined our schools, burdened our heck system and fractured our national unity. It has suppressed wages for our most vulnerable. It has been a slow motion attack on this country and its effects have been deficit stating. There is not a lot of redebate you will admit