United auto workers president is sidelined amid his own federal investigation just days after settling that gm strike. It is monday, november 4th and Worldwide Exchange begins right now. Good monday morning im ndomini chu if for Brian Sullivan. Mcdonalds has fired Ceo Steve Easterbrook. Those shares down 2. 5 at this stage in the early extended trading session. Now despite the drop in mcdonalds shares, futures are still higher this morning. If you take a look at the picture overall, the nasdaq up by 38, dow 85. The s p hit a record high on friday treasury yields again a certain big focus for investors these days look at the tenyear note yield ticking slightly higher, 1. 75 the last trade there, twoyear note yields 1. R8 as well markets in japan were closed for culture day. Look at the overall picture and its green across the board. A half percent gain for the shanghai the hang sang up 1. 75 the asian side of things very much in the green. European trading is exactly what were seeing th
The month of july. The month earlier, jim, was 99. 8. It was at the second highest level since the recession. 100 was the economists estimate. 90. 9. We are seeing Consumer Confidence worse than estimated. Im looking at the s p 500 on the screen behind me. It looks like we are not seeing a huge effect. If anything, stocks have rallied off of the lows of this early session. We will continue to watch the reactions, and the read through to the fed which begins its meeting today. Matt thank you. Lets go to the market. Right behind julie you saw the market rallying from a low. It was coming down a little after the Consumer Confidence number. He s p is up one third of 1 earnings surprises helped the market. The dow added. The nasdaq is unchanged at 5000 43 at 5043. Saying i rally that we have seen in treasury. It is being interrupted with a selloff in chinese equities. The treasury is a little bit weaker on your screen, the yield on the 10 year is up for basis points. The meeting begins toda
Rising prices may help reduce the amount of securities it needs to achieve its buying gold. U. S. Cuba talks and diplomatic ties will resume on sunday and have anna. Officials are working on reestablishing diplomatic relations and reopening embassies. And raising the offer for [inaudible] pharmaceuticals. It is offering the plan to the salix board this weekend. Lets get to our markets desk. Another triple digit move from the doubt to the downside. It would represent the Third Straight weekly loss. The second week of declines. Investors are pricing in our starting to price a stronger dollar. What it means for earnings down the road along with a lot of questions about what the fed will do create when will it start raising Interest Rates . The retail sales this weekend Producer Prices today cast doubt on an immediate move. You have a lot of uncertainty right now. A lot of people moving money as well to europe and japan where the nikkei closed above 19,000 strong dollar help say it above 1
Indepth interview with intesa sanpaolos ceo, the head of italys secondlargest bank. He is on the hunt for acquisitions. Now i asked him about his potential partner. Carlo if you want to top the asian margin tap the asian market, you need a good brand. That is the reason why i am looking a possible acquisition of an International Brand. I am growing in such a way that i tonight not need to, an extra engine for my growth, but the strategic target could be to have an International Brand in order to tap International Diversification. Francine basically a brand name more than operations. How big does it have to be . Is it something everyone recognizes . Carlo there is a point on the total amount of Market Capital for the possible target, because the reality, you can have a wellrecognized brand that has a market cap that could be higher than all of my prior breaking Division Banking division. I want to have the control of this entity so the target should be in the range, my Banking Division
Soviet style impeachment coup attempt, and how it is an unprecedented, unconstitutional attempt to nullify the will of the American People. The whole process is more corrupt, lacking all due process, all constitutionality and constitutional protections. It is based on utter and complete nonsense, zero violation of any law by the president , all the president is really guilty of is faithfully executing the laws of this land and fulfilling his constitutional duties. We will explain and explore this partisan democrats attached from any objective truth. To be a democrat, you can believe in truth, reason, common sense. This is now a lawless mob. Nothing that we are witnessing is driven by facts, logic, law, constitutionality, no. A psychotic rage and hatred at all things trump, even the mention of his name. These democrats, their allies, the media mob, they are triggered by the mere sound of President Trumps name. They are set often triggered by the sight of a red maggot hat on a 16yearold