There are some things moving including the likes of nike which received an upgrade. Weaker by 2 10 of 1 . Reports, well the will see how that plays out. Is weaker byira almost 1 . We will talk details in a few minutes. There was a deal. The active investors here. They have agreed to sell their Management Services business to some private equity investors. European markets, european stocks are down by half of 1 . The pound is also down. We had a massive rally on friday. The turkish index, the stock market, down by 5 . What istalk more about happening with turkey and syria later. Lets get to the main story. China, once more talks have fallen citing the president s phase one deal. Steven mnuchin says more talks and negotiations are on the calendar. We are joined by George Saravelos, Deutsche Banks global head of fx research. I real risk rally. We saw the brexit story and the trade story, both are faltering this morning. Lets talk about the trade story. There is confusion as to whether or
The 10 year yield has just cracked 50. Twostens spread come as you might imagine, 4 basis points. Altria morris and looking at a merger. Phillip morris owners less pleased. London is andrew sheets, chief cross asset strategist at morgan stanley. Andrew, thanks for joining. Since we last spoke to you, weve had many more headlines, but how have we actually moved the needle on trade talks or any kind of agreement . Andrew im not sure that we have, vonnie. I think we are still unfortunately in the place that we were a week and a month ago where there is still quite a bit of uncertainty. You still have this impending deadline on september 1, with more tariffs that are going to go in, and still conflicting signs over what the path will be. I think the most likely path still being escalation. Directlyts of tariffs on growth and uncertainty, Holding Back Business investment, unfortunately are still there. Vonnie andrew, we just cracked 1. 50 on the 10 year yield. Im curious whether we see some
welcome back to morning joe. it is 6:00 a.m. on the west coast and 9 a.m. here in washington, d.c. we have breaking news on the economy. it is bad news for consumers, it is bad news for working-class americans. it is bad news for middle-class americans. it is bad news for people invested in the stock market. it is bad news if you have retirement accounts because they will be going down. but it is good news if you re a republican running for office in four weeks. the year-over-year inflation rate barely slowed last month from 8.3% in august to 8.2% in september, the last report before november s midterm elections and the last report. a key federal reserve meeting early next month on how much they re going to raise interest rates. let s bring in cnbc s dom chu. dom, wall street s going to be partying like it s 1981, which means they re not going to be partying. going to be ugly out there. take us through it all. all right. so, joe, mika, to your point here, there s no easy
kron. 4 taylor bisacky has the story. it s disturbing video of a child running and screaming for on some a community members of east palo alto. for many, it revealed the true fear of dozens of children and parents. we re playing and jack their park tuesday evening when 2 pairs of people fired off. 33 shots killing one man and injuring 3 others. it must have been about 50 kids out there. all of a site in all of this transpired there ducking and dodging at same time. i can t that because i m looking for my baby. i kind of find life. it was very so many children, 3 minute crying and running. that mom was at the park that day. during city council special meeting on thursday, she raised concerns about the safety and jack farrell park. other parents advocated for security cameras and more police patrols at the park. the loitering that triggered this, the cause this that was the foundation for all of this. we have to stop the loitering. i fully support cameras on the parking l
Frasiers left hook. He connected. Feet off the ground, flying through the air, left hook, boom. Really hit him hard. Before we even got to a trial. He said we know fraud when we see it. Weve looked at all the evidence, this is fraud. There will be a version of the trial maybe starting next week. Well get more details in a minute. The judge could not have been more clear in his ruling yesterday that what donald trump and the organization perpetrated over many, many years, in his eyes, is fraud. Yeah, part of the case brought by new York Attorney general Letitia James. Well get to that in just a moment. Thats our top story. Also ahead, the History Making Stop on the picket line for President Biden. Well show you what he had to say to striking autoworkers who are demanding a significant pay raise. Plus, senator bob menendez is refusing to resign despite calls from 2 dozen colleagues to do so following his indictment on bribery charges. You wouldnt believe the republicans who are now defen