Phase one trade deal could not happen until december at the earliest. Discrepancies any the disagreements as to where a deal could be signed. Iowa or that could be ohio or hawaii being next. Here we go. Came out. Stronger than expected. The philippine peso pretty much where it was. Had been trading higher before that print came out. 16 out of 26 economists had predicted bit protected it. We had a little bit of weakness. Continuing its lurch as well. We had a fix earlier, which was again showing a bit more strength for the cny. Just slightly above the fix. Up for the dollar, three tens of one presented moving things along, having a look at what is going on in new york. We are going to start in the u. K. If i did officials are set to deliver a warning shot the politicians budget officials are set to deliver a warning shot to politicians amid fears there could be an arms race of tax and spending promises. The outrage of responsibility could have 26 billion added to its budget forecast. Wi
Carl quintanilla with Morgan Brennan and jon fortt. Interesting monday morning getting news a few moments ago that the president met with jay powell earlier today, tweeted about that got a statement from the fed as well as the market tends to struggle a bit this morning for some direction joining us, michael puree vis, and pete stall good morning, guys good to see you both good morning. News from the fed first and then the white house is interesting. What could they have to talk about . Seems like the macro i think it is interesting you listen to any Earnings Call in the last six months, how many of them are belly aching about cost of capital not hot enough, not low enough there was some belly aching about trade. And Dollar Strength, sure, but the Dollar Strength has been persistent but hasnt been dramatic not a reply of the 2015 and 2016 which threw earnings off it has been a gradual steady rise that allowed ceos to manage more effectively, at least to manage the street better on that
Qualcomm up 8. 5 on a better earning quarter. Down 26 . No improvements throughout the session. Whoalked to the ceo earlier seems to not be worried but analysts on the street are calling out the unit. Airbnb, google not placing it as high in the search results and saying there is a lot of uncertainty ahead for expedia. Year is up by30 nine basis points right now. Were seeing a similar move over in the United States as these are substantial moves in the back end of the bond market. We are also getting several moves of the 10 year. The 30 year, absolutely i watering. As you can see, a nine basis points selloff here in europe in germany. The pound has been under pressure as well, two members of the governing council in the United Kingdom voting for a rate cut. Trading higher. We await news from the white house, confirmation possibly that we do have the potential for a rollback of tariffs if we do get this deal done. Nothing yet. Lets talk about what has been happening in the u k. Governor
Travelers. Biogen, set to seek Regulatory Approval for a treatment for alzheimers for early next year. U. P. S. Shares sinking ahead of the open, despite a pretty nice ecommerce boost to profit. The ceo will join us later this hour. The ceo of verizon as well will be here at post nine in a few minutes. An interesting announcement, another guest as well, but i guess it is a mystery. Well wait to solve it in a few minutes. Lets start with earnings, dive right in. Tale two of dow components, p g up, quarterly beat helped by Strong Demand by premium Beauty Brands and mcdonalds falling on an earnings miss as growth on us comps came in below forecast u. S. Mcdonalds 4. 8, looking for 5. 2. Jpmorgan told us the quarter would run light. Im glad you messengered that a lot of people are saying this is a big surprise, a negative surprise if you listen to what jpmorgan said, you would have been ready for exactly this number, which basically to me says not as bad as feared. 5. 9 , thats a number th
Leading us off today. I think nothing could be better, really. I know were going to hear insights and suggestions and everybodys going to bevery energetic. So please welcome. First of all and i think theyre coming in from the side, doctor jenny columbo, Vice President of global patients and Scientific Affairs at kl pharmaceutical michelle ashman, the director federal advocacy and Alliance Development eli lilly. Doctor gwen nichols, chief medical officer at the leukemia and lymphoma society. Doctor erin oshea, president of the Howard Hughes institute. Doctor peggy amber, foreign secretary of the National Academy of medicineand former commissioner of the fda. And doctor janine clayton, director of the office of research on womens health. Our moderator this morning is doctor loosen the main. The evp and ceo of American Association of colleges pharmacy and im proud to say board member of Research America. Thank you all leaders, we look forward to this. My thanks to the organizers of the fo