Tuesday ahead as early today starts right now good morning im phillip mena. And im frances rivera. The busiest day yet in the impeachment inquiry gets under way in just hours with four witnesses set to testify about President Trumps ukraine scandal. House democrats continuing to build their case overnight releasing a pair of new transcripts from testimony taken behind closed doors. One is from Foreign Service officer david holmes who is now slated to speak publicly on thursday he is the official who says he overheard a conversation between Eu Ambassador Gordon Sondland and the president. In his deposition he said the ukrainians, quote, came to understand what was required to set up a meeting with the president. He testified, quote, ive never seen anything like this. Someone calling the president from a mobile phone at a restaurant and then having a conversation of this level of candor, colorful language. Theres just so much about the call that was so remarkable that i remember it vivid
6 00 here are the results just reporting. 2. 53 a share. A penny above estimates. Just short of 27. 52 billion here are the keys for Guidance Company now expects sales to grow by 1. 8 the previous guidance was 2. 3 1. 8 versus 2. 3 comps are 3. 5 previous guidance was around 4 . Lets bring in senior analyst. So the Forward Guidance is below where it was previous . Yes quickly looking at these numbers, there was a sales miss in the quarter also lowering guidance for the rest of the fiscal year. Sales guidance Sales Guidance. Im not sure whether that is a total company or domestic. The street was around five that is a point and a half the street is a full point above where the company had guided the company had guided four. For the quarter ill look at the quarter first the street was around five for the year, the company had previously guided for four they missed roughly a point, point and a half in q 3. They are taking guidance down about 50 basis points. The real message here. It is a
Incidents dont usually happen in the east coast here in the developed areas but in rural areas where you have much more corruption and also nepotism often local authorities and the Companies Know each other very closely they dont really check on safety regulations and this is definitely a huge problem i would say the real number of work related deaths is actually much higher because this is a common practice of covering up incidents and usually companies what pressure they employ east to stay silent and they compensate them with money a company surely have responsibilities they have a china still a communist regime so workers rights should be their top priority is the government doing enough to protect its workers. Of course you can argue about that but officially its one of the Top Priorities and if you look at the numbers. Just 10 years ago those incidents that happened that happened just today was basically on a weekly. Happened weekly and it was much more so that just 15 years ago
More business more revenue that even up higher than amazon already. Well its hard for anybody to have a valuation is high as i was on i mean theres a lot of speculative money thats in that stock and im sure one of these days is coming back down to earth i just dont know when that is. So now peter lets go back on to the domestic front we have conflicting reports and sentiment yet again from china and the u. S. The mood in beijing right now is increasingly pessimistic as trump refused to scrap tariffs dampening hopes for a resolution the u. S. However seems more optimistic with the markets today and larry kudlow we had already yet again that they are getting close so why are we getting the conflicting reports here. Well 1st of all i think the chinese are actually posturing for a negotiation you know if youre negotiating with with somebody you dont want to admit that youre close to a deal you want to say that a deal is far away because that way you can try to extract more concessions from
What are you hearing . Reporter this may be moving the market. A roundtable with American Business leaders, current and former chinese fishessals and American Chamber of commerce. Out of the round table there is big differences with the trade relationship with china. One example from the u. S. Side. They say there was no real huge benefit to have this trade relationship with china, having china within the wto. Chinese officials during that roundtable saying no, that is not the case. In fact china, u. S. And world benefited from china being in the wto. Chinese made the case that china entering it benefited everybody. Roundtable officials according to the global times there may be big differences coming up with a trade deal in terms of tariffs you talked about. Global times says chinas precondition to the trade deal would like the trade tariffs rolled back simultaneously. But the negotiators from the u. S. Have not given a positive sons to that our chinese trade sources said china wants