Financial sector to its part in fighting lemon change. Climate change. A lot of the focus is on trade or what will happen between the u. S. And china. Gold, always a good litmus test for risk. We can see the yield at 1. 85. Stocks gaining 0. 4 . A lot of focus is on earnings. Loose of ex conversation with the commerzbank she chief Financial Officer. Dont miss that conversation after 10 30 a. M. London time. First, lets get straight to bloomberg first word news. In the u. K. , the first cabinet resignation during an Election Campaign in a century. Quit after aretary report that he knew about a former aides role in the collapse of a rape trial. Ae labour party also suffered blow with deputy leader tom watson announcing he will leave politics after 35 years. He has long clashed with Jeremy Corbyn over the direction of the party. Willank of england probably keep rates on hold as brexit continues to plague the economy. It is expected to cut forecasts. Be nexttion is who will to lead the ban
Employee. And shares of under armour under a lot of pressure, a federal probe of the Accounting Practices. And wall streets record rally on the heels of both the s p and nasdaq the dow is on track for new highs at the open. Well start with that stunning news from mcdonalds, the company has fired Ceo Steve Easterbrook after he spent more than 4 1 2 years on the job. Mcdonalds says he violated Company Policy by having a consensual relationship with an employee the new ceo is Chris Kempczinski, president of mcdonalds usa in an email to employees, easterbrook admitted the relationship violated policy, saying this is a mistake, given the values of the company, i agree with the board it is time for me to move on. Already today, jim, one downgrade, piper to neutral, says changes of this magnitude tend to be disruptive. I think thats why i hate to say this, the stock was down badly on friday. I would like to know more about when and how long they have known this this is one where it is pretty
Soaring 60 this year. And it just got a huge upgrade. Its our call of the day. The Investment Committee is ready to go. Halftime report starts right now. Good monday. Happy columbus day. Your Investment Committee today is joe, john, jenny harington, mr. Ron, cnbc contributor. And also with us is keith banks, bank of americas vice chairman, head of the Investment Solutions group. Welcome. Safe to say that the friday euphoria over a partial trade deal, socalled phase one may be fading fast. Our sources saying that china wants another round of talks before signing any kind of a deal phase one or otherwise. Secretary mnuchin saying he expects tariffs to go up in december if there is no deal in place with china by then. So guys, thats the big story. The markets doing well. Today not giving it back, but were not doing much. I know the bond markets closed. Take us out where you see things headed im not sure. If the market is not noes honest answer ever. Im under whelmed about the trade deal.
China, which has chinese stocks bouncing today weve also got another big announcement as well dont miss the debut of a new segment here on closing bell today. The market zone is coming up into and after the close well bring you the stocks and stories every investor needs to know and it will look a little different as well. Joining us for the hour is mark tepper from Strategic Wealth partners mark, thanks for being here. Thanks for having me. Looking at the dow today, were up 154 points. The s p is also hovering right around 2980, it looks like a decent last day for the month of september as we head into these final three months of the year, what are you watching the most closely . I think the biggest catalyst right now is a potential trade deal all eyes are looking on this meeting next week between the u. S. And china, because if you think about it, its really, really difficult for ceos of publicly traded companies to execute on their growth plans if they have no visibility as to what
Our site to dot com stay with us right now for the Financial News in because i report and karen will be with you in just under an hour to you the latest global news outlets. Max kaiser this is the kaiser report maximalist maximalist for max kaiser thats been obvious for years hey there might be some sounds hearing on the side walk thats just the clickety clack of laundry baskets here krypto springs in palm springs california the hottest crypto conference in the world it is indeed the hottest conference in big quine i want you to look at the marquee by the way i helped design this one were also toshi except for dot dot dot well we all know who that is but you know i want to turn to twitter because there was a viral little video clip that josh brown downtown josh brown posted to his twitter handle and he was so excited because he actually went viral had over 75000. 00 views this is the part i never want you to forget wall street was this close to selling you we work at 50000000000. 00 st