Maria a lot to talk about in terms of china, as well as the fed, impeachment inquiry and the fbi scandal, washington is hitting beijing, the United States restricting victims based on restrictions of muslimminority groups. Two sides with another trade talks tomorrow, growing confrontation between nba and china, commissioner adam silver in an effort to heal relationship, it is a real important relationship, the nba, they rolled over, dagen, adam silver is trying to say, look, we are going to protect the general manager of the Houston Rockets and not apologize for it. Dagen wall street journal writes about this today, nba might be in a stronger position and pushing back than even u. S. Businesses because of the popularity of basketball in the country, the most powerful Sports League and it plays to, quote, the journal plays role in local sporting culture that china without the nba is increasingly unimaginable, so i quote from that, but if the nba, theyre a mess right now in terms of the
Fivemonth wing strning streak o far. Its the busiest week of earnings season with more than 160 s p 500 constituents reporting. Merck, pfizer, uber, jetblue, marriott, caterpillar. Weve got a lot of different earnings reports to get to this morning. I mentioned caterpillar. It did top estimates also lower sales and potentially tighter margins in the Third Quarter. The companys ceo will join us later. That is just the bearish they had a great number. Well talk about the fact that they dont even have enough product. The bears like to get to it very early. This is routine. They did it before they took the stock down from 230 all the way down to 206. Jim, what we spoke listen, the bears didnt know what they were doing then the stock went straight up to 265 im absolutely happy to deal right at the front. 2 top line revenue growth, 22 . Thats called good. I didnt mean to get right into im not disputing its good it is good the only question is whether or not the stock has already accounted fo
It has been a rough quarter for the hang seng index down 8 in that period. Property slumping about 13 in the same period. A long way to go. In terms of new zealand, up 0. 7 . Singapore as well as indonesia. China on holiday. In the fx space the dollar down for a second day but bear in mind it is still a strong dollar story. For today, up 0. 4 in the ringgit. Gains for the kiwi as well as the aussie. The commodity space, oil still hovering strongly above 90 a barrel, putting the inflation story back in play and in the bond market, well, we have yields trending higher in australia and japan as well as singapore. 30 year yield in japan at the highest level since 2009. Expectations normalization is about to take place. Rishaad lets look at china, just getting the open their. Having a look at whats happening. Trade data out later today in the afternoon. Just about a one point gain. 0. 1 . The bart a little moved. If you look at the course of september it is down 4. 5 . We are also looking f
Cramer will you look at this market stock reports come out and say stocks with crash if the white house cant pass healthcare. Nasdaq climbing 1. 1 the question remains is secretary mnuchin right that this will go on the passing of healthcare the truth is tax reform the truth is not many believe a toks reform is coming. Yes, theyve lost faith. Congress thinks its more important than it really is, even the biggest pieces of legislation tend to only affect one particular sector. Like how the Health Insurance got a bunch of sweeteners from the care act they were the winners under obama and their now winning under president trump. Buy some United Health that made a opportunity of money democrats want to subsidize the Health Insurancers its a winwin for everybody except for you my real point here is that obamacare was the single most transformative piece of legislation and some didnt have the agate impact which brings me back to tax reform, i think its a good idea if it passes it wont be rev
To school. Many counties bringing the kids back to class than 30 minutes. Well talk to the teachers and distracted just look like 0 snu0 you may have to get you kids up for work. Thank you for a lot of hospital the roads today a lot s[ a lot of people are heading back to school this week. Clouds over the bay bridgea they as we look off in that can see we have three area we are tracking like showers. Valley near stockton about wet weather is approaching the east catch them showers are places like the delta and rw÷ livermore. Reported by the radar but it makes it all another story. u5sn7s with a sidewalk take a picture and send it to us. Showers off a point raised forecast mouth whether temperatures in the 50sgv chance of a sprinkle. By this afternoon at noon8 temperatures mid70s inland at 3 00 pmed temperature low to mid 80s for inland that is a quick look on your forecast with an update on at the Richmond Center held prisoner and overturned accident around 5 50 am. Lots the residual