Retail earnings over the next couple of days. Thirdquarter earnings better than estimated at 1. 13. They see their fullyear adjusted earnings raised from what they saw before on the 5. 91. D, looking at. It looks like on first blush, a beat and a raise for the rest. Global exchange for the rest of the year. Time now for global exchange, where we bring you the news from all around the world. Our bloomberg voices are underground with the latest. China and the u. S. Agreed to stay in touch on remaining issues to get to a phase i trade deal after a phone call earlier, in which topic a shooters top negotiators from both sides discussed core concerns. They agreed to maintain communication on the remaining issues for the first phase of negotiations. Enda curran joins me from hong kong. It is a long, convoluted way of saying they are still just talking . Is all about the mood music. It is another day of incremental news that seems to bes adjusting that governments are on track for some kind of
Pressure well dig into that. Power lunch starts right now welcome to power lunch stocks are at record highs the dow back above 28,000. 28,012 right now while the s p and nasdaq notch new records check out some of the new names hitting highs today. Jpmorgan and fresh records there while General Electric is at its highest level. Melissa. Driven by merger mania. A market responding positively to a flurry of deals this monday starting with Charles Schwab just one month after both brokerages eliminated commissions and a luxury you have lvmh growing its empire with tiffanys, 16 billion. Also a way to increase its exposure to china. Ebay is stelling stub hub. In total, four big deals, 56 billion in deals announced just today. Theres a common thread. First lower rates to take out debt to fund these acquisitions. Third, the prospect of an Elizabeth Warren presidency. Thats enough for a reason for some of these companies to put money to work now versus later were looking at the s p at a new high
About the demise of the Business Leader panels the president put together with so much fanfare. Did he disband them . Who knows . Youve got ceos openly castigating the president for his off the wall remarks and the president calling them infants pure chaos in washington, with some of trumps most important allies unable to hide their contempt for the president s statements which they see as providing aid and comfort to White Supremacists but the dow gained 26 points, the s p inched up, and the nasdaq advanced 0. 19 . Why isnt this market plummeting simple the stock market is not, and has never been a referendum on washington they know nothing sure, some president s are more stock market than others. Regardless, whatever else you may say about this administration, and you may be saying it, trumps as pro stock market as it gets. He believes that the market is a referendum on his president. They cant hurt. Nevertheless, lets not forget that the market did well under president obama, too he
Civic center park. And even if they do, hes completely denouncing the idea of this event. Well go ahead and show you the Facebook Page they have created. The people who are attending that gathering, a no to marxism. This is happening at the mlk Civic Center Park in berkeley. Right now they say 3,000 people are interested in going. Since no permit has been requested by the group, and when i spoke to the berkeley mayor this morning, he made it clear that the event isnt welcome in the city of berkeley. Honestly, i would say that the permit should be denied because we know there they are not here for free speech. They are here for provocation. You dont come dressed like a soldier with helmets and shields and weapons if youre here for free speech. Reporter now the same weekend across the bay bridge in San Francisco, another group called Patriot Prayer which describes itself as the group against Big Government in corruption had received a permit for a rally. And that takes place on august 26