And kill the american dream. Lauren they are tracking your every move, what you need to know to protect your privacy. Its thursday, october 17th and fbn a. M. Starts right now. I want to dance. And love. And dance. Again. I want to dance. And love. And dance again. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Cheryl good morning, everybody. Im cheryl casone. Lauren lets take a look at how your money is moving this thursday. Modest losses yesterday, modest gain today. A weak retail sales report yesterday increasing the odds of a fed rate cut to 87 . Cheryl the Commerce Ministry in china releasing comments within the last hour, that news breaking, that basically that talks are on track between the u. S. And china following mr. Mnuchins comments yesterday on that topic. No change for shanghai, the hang seng did have a 0. 47 gain. Lauren a last ditch brexit deal is in limbo as european leaders start a key meeting. Mixed performance in the european markets. Cheryl we learn
Long time before it recovered september highs. How long . Try about 25 years. In other words, the highs we reached that year, at the peek of that bull market, september third, 1929, were not realized again until november 23rd 1954. You hear about catalysts and Hedge Fund Managers at time, were not called Hedge Fund Managers. Were worried about the giddiness building. It was too far, too fast a great comeuppance. Herbert hoover who was providing over roaring market. He came into office in 1928. Things were swimmingly two years later. He would not survive in the next election. Someone who was considered laughable shot rising to the white house, you might remember the name. Franklin roosevelt, Big Government spending liberal, who many said who would have no chance taking 1600 pennsylvania avenue in the middle of a financial crisis. Reminders that unexpected developments can change outcome of elections. We saw that in 2018, john mccain, fellow named barack obama were deadeven until the met
And will only be down a fraction at the opening bell today. The nasdaq, that is four points away from its high and will be up nine at the opening bell this morning. Across the board, stocks remain strong. All right. Now, im going to show you three wellknown companies that are big losers today. First of all, grub hub. Ouch. Down, what, 33 . Each day our planet awakens with signs of opportunity. Its forecasting weak sales in the future. But with opportunity comes risk. Beyond meat, down about, what, and to manage this risk, the world turns to cme group. 20 bucks right now. 20. 73, 19 , even though it we help farmers lock in future prices, reported a profit. Todays the day when insiders are allowed to sell. Banks manage Interest Rate changes google, thats down even though all so they can manage their risks and move forward. It brought in 40 billion worth of revenue in just three months. Its simply a matter of following the signs. That was up 20 . The stock is down, now its down they all l
These folks being added to the blacklist so to speak. Spokesman for the Chinese Foreign Ministry Says these accusations are nothing more than an excuse for the United States to deliberately interfere with chinas internal affairs. China will continue to take firm and resolution measures to protect its sovereign security. On the list, hike vision, the Worlds Largest supplier of surveillance equipment. They released a statement, that they have been engaging with Administration Officials the last 12 month to clarify misunderstandings about the company and addresses their concern. The company opposes this decision. They are not happy by deleted tweet about it general manager of the Houston Rockets, that tweet showing support for protests in hong kong. The chinese canceled games being shown, preseason games being shown from the nba in china. You cant find on line in retailers any Houston Rockets gear anywhere in china. The bottom line its a tough environment to go forward with a trade deal o
Phase one trade deal, there will still be challenges between the United States and china, even after that trade deal is complete. Maria mr. Secretary, we thank you for your time today. Of course, we are always giving you best wishes on your trip. Thank you so much. So long. Maria secretary of state mike pompeo. Over to stuart varney. Stuart good morning, mr. Secretary. Good morning, maria. Good morning, everyone. The debate. All right. My opinion. No clearcut winner, but senator warren emerged as the clearcut leader. She was attacked from all sides. They went after her because shes out front. Joe biden asked about his sons Business Activities said only that neither he nor hunter had done anything wrong. Bernie sanders came on strong after his heart attack. Yes, he did. Mayor pete and Amy Klobuchar asked warren pointed questions on paying for medicare for all, but did not get a straight answer. Tulsi gabbard was the lone voice suggesting democrats be careful with their impeachment drive