Bell. Our road map begins with trump policy reset. Whos who of ceos head i by Steve Schwartzman returning to the white house with Infrastructure Spending and tax reform topping the agenda. United doubles down after dragging a passenger off an air flight. The can. Is facing a big pr bash backlash. Pricing Political Risk, Rex Tillerson makes his first diplomatic visit to russia. All in attendance for a strategic and policy meeting with the president and senior ple members of the administration. President trump will make remarks which well get later on this morning, well see about arrivals and departures, whether or not we can talk to them once on one. Infrastructure, tax policy, going to have a business will have a seat at that table. This is heavyweight group. I hope Doug Mcmillan talks about the notion of technology and what it means for walmart and the border tax means. The reason because walmart hired, huge employer now were talking about the big. Biggest employees over 2 million emp
Good tuesday morning. Welcome to squawk alley. Obviously busy morning as the president meets with top executives in washington this morning including the heads of gm, ibm, blackstone ceo Steve Schwartzman on the agenda trade, infrastructure, budget and education. Our Kayla Tausche is on the ground with all of the latest. Reporter good morning. Just a few moments ago we saw the president leaving the west wing going over to the Eisenhower Executive Office building to meet with those some 20 ceos of some of the largest Multinational Companies based here in the u. S. We are getting some headlines based on the comments that he has made on an introductory basis to this group saying the administration is going to have pleasant surprises on nafta and notified the senate that he negotiated. The nafta headline is one we want to discuss further. This group has been convened to discuss tax reform, to discuss trade, to discuss infrastructure, education, and this whole host of issues that cabinet le
Inventories are on the way. Our road map begins with the election six days away. Polls show pretty much a dead heat. Hundreds of economists including Prize Winners urging voters not to vote for trump in an open letter. Alibaba shares are on the rise this morning, the Worlds Largest retailer showing strength and cloud and in mobile. And big beat for time warner, company also raising full year forecast as it gets ready for that merger with at t. Call is wrapping up and well get you headlines on that. But first up, futures are moving lower a day after the s p extends its losing streak to six. Data from adp shows private sector added 147,000 jobs last month, that is below expectations. Meantime, the feds latest Interest Rate decision and policy statement 2 00 p. M. Eastern time. And of course six days until the election, jim, the past six days on all of the assets i just mentioned, is that all jitters ahead of tuesday . You know what, im going to say it is. I was talking with my friend sar
Markets and new polls and an interest editorial in the uk and jack ma takes the stage at alibabas investor meeting in china gives an upbeat view for the year ahead. Stocks trying to recover from the first three session losing streak in almost a month. A lot of cross currents. The german 10year, it finally got there. Yeah. I mean look, when i read the commentary about the eu, germany, brexit, its almost like youre starting to think like are these people really thinking its september 1, 1938, talking about munich and chamberlain going there and not being stiffed by the fascist. The commentary is outramgs you and insane and inflamed. Its about the eu, about a country that could leave the eu. Its about not knowing what will happen after. Its about safety everywhere. But its about something im not saying im an american first here and that this is 1938 and the u. S. And roosevelt sends a letter to chamberlain maybe this thing and talk to hitler listen i think maybe this is a out of control.
Steady. Road map on a busy day for earnings including apple, coke and boeing. Apple surging in the premarket on the sfwheets more from the dnc. Less discord from inside the convention. President obama, joe biden and Vice President ial nominee tim kaine are on tap to speak today. Another tough quarter for twitter and jack dorsey, the stock plunging after results disappoint. What happens to the company next. But first up, apple shares are surging after the Company Reports a beat on the top and bottom line. Revenue did fall for the second straight quarter. Iphones saw the steepest sales decline year on year but that number was less than what the street was expecting. Analysts expecting an uptick in iphone sales when the new 7 is released later this year. Revenue guide not too bad. Jim, cost control, margin guide, okay. Yeah. I think there are probably people at home saying how could they have a huge decline and the stock run. The answer is in the number of iphones that they sold a lot of