Famous napa value wine wine tra kicking off the napa valley Film Festival. Welcome back to entertainment tonight. Were aboard the famous Napa Valley Wine Train at the beautiful krug winery. Were here for the Film Festival that kicks off today. First lets get into the biggest news on the planet. Shes living la vida loca super bowls in miami this year. Any chance wow, thats crazy. I will be watching. I will be watching. Maybe ill fly to miami. Hm. Maybe ill be there. I dont know. Well see what happens. Ill be there . Is ricki martin dropping way more than a hint . Only e. T. Got the exclusive with the latin music icon. Its sure sounding like he will appear on the halftime stage. If youre gonna have latin sounds what are you coming from . What do you know that i dont know . In the meantime i know Jennifer Lopez and shakira will do amazing. J. Lo a dropping news with robert pattinson. I want to bring everyone together in that moment. This is why it would make sense for ricky to join them o
Road map begins with teslas truck rollout, unveiling first all electric pickup. The cybertruck and it is nothing like youve ever seen before. Wall street looking to snap a threeday losing streak. Stocks seem to be set for a positive open as chinese president xi jinping says beijing wants to work for a trade deal and a roller coaster week for retail today it is gap, nordstrom, williams and sonoma and foot locker were going to start with tesla, unveiling first ever pickup truck last night elon musk says it will have a starting price of just under 40k. Production set it begin in late 2021 musk touts the futuristic design, the armored glass. As you might know by now, a demonstration to show how bulletproof the glass was did not go according to plan try to break the glass, please yeah sure . Yeah. Well, maybe that was a little too hard man, this is getting talked about a lot this morning stocks down, bernstein says it looks weird. Like really weird. What do we think well, i mean, since they
Bright spots. Exports declined less than domestic but weak demand continues to bite. Joining us from hong kong is in karenrrent is in the is enda curran. Is pickingps demand up, and might put a floor on the economy into year end. There was a weaker import, and that underlines that the domestic demand is still weak. We know that new orders of the official manufacturing pmi remain weak as well come us adjusting that bottoming out still has a little bit to go before we can fully call it stabilization in chinas economy. The trade numbers were ok. There were certainly some optimism, but the big picture remains whether the government can push ahead and reach this phase i agreement theyve been talking about. Alix speaking of, the conversation has been to digitally that the phase i deal will happen in a rollback. The ministry of commerce spokesman in china saying that there have been serious discussions, and agreed to remove the tariffs in phases as progress is made on the agreement. What is t
That in making long term plans households and businesses can reasonably expect 2 Percent Inflation over time pauls comments come just 2 weeks before the next fed policy meeting which takes place december 10th and 11th now kristie i wanted to ask you the question why is this 2 percent Interest Rate so important a Federal Reserve chairman so essentially the fed was created with 2 mandates they have to go a man is which is one to maximize employment and the 2nd one is to stabilize prices for consumers for businesses so that as i 6 said that these guys they can expect what what they need to spend in the coming year so by setting an inflation goal of 2 percent is actually the normalized rate of the United States since 1905 and so since they formalize that rate in 2017 that has been the goal of the fed ever since and now weve also you know like i said hes not looking at more fed cuts here but we did do 3 over the last 6 months or so have they worked for. Economy they have worked on an artifi
Market share, buyers trade in bmws and toyotas for teslas model 3. More on bloomberg surveys. More on elon musk had car. First, to our top story. The launch of disneys streaming was streaming service was met with some technical glitches and crashes, but still, disney plus generated excitement and buzz all over social media. Adding to the continued streaming wars. For more, we are joined by Rick Springfield and bloombergs lucas shaw. Who covers the streaming wars for us. Are the technical glitches perhaps a good sign, showing that demand exceeded expectation . Rick honestly, i have no idea. The reality is that technical glitches are sort of commonplace in big launches. You have seen it with hbo and game of thrones. You never like to see these things, its unfortunate for disney. Maybe it was demand driven. Who really knows. It is irrelevant in the scheme of this is disneys longterm strategy. Bob iger has thrown down the gauntlet. This is the future of the company. Its streaming. It is no