He will take a victory lap here. He will talk about trade. Will he talk about signing a trade deal . In fairness, before we get to the future, he has a point about the tax cuts. We have the longest recovery ever. He did not create, he sustained. More creditet much and blame for Economic Development then they deserved. The economy has done well. He does get credit for that. If you think the tax cuts worked as intended is a different question. David but yourself inside his brain, what does he want to get on china trade . What is the message he wants to send . Mike he wants the dow jones averaged to rise. He will Say Something optimistic. Its possible he comes in with a surprise, that they have agreed to sign an agreement. There has been no reporting to that effect. Hes probably not going to say that. Will cast it in an optimistic light. David will it in clued rollbacks include rollbacks . The president said dont be so sure. Mike it depends on how that is asked. Will they roll back some t
Someone thought there was a method to this madness we are back on the first floor you should watch this show just to see what goes on on times square take my word for it, there is stuff that goes on out there you dont want to miss you got to be 18 for some of this stuff we are ready to go. Brand new set. It is good to be here. We thank everyone for the love beautiful coloring and lights nothing was spared in terms of money for this. Look at this it looks like we are going to take off here. An elon musk designed set. We have that Federal Reserve Board Meeting coming up. Well hear that decision in a couple of hours. In the meantime, you are watching the futures dow indicated up by about 14 points nasdaq by about one point. Nasdaq up about one point. We touched a high yesterday and gave it back a little bit. Still looking at the s p a couple of points off the alltime high. Dow futures indicated up by 16 looking at the treasury market, still looking at the 10year yielding up to 1. 83 somet
Rejected. The eu is expected to approve a brexit delay as a fasttrack deal is blocked by mps. A fresh election could be in the cards. Softbank swoops in. Wework accepts a 9. 5 billion bailout from the Japanese Investment firm. The company is now worth less than 20 of its valuation in january. Semiconductor stocks fall on weak forecasts from Texas Instruments as the trade war bites. Good morning. Matt we are less than a halfhour away from the european open. Taking a look first at the treasury yield, you can see we have come higher and are now going lower. May a riskoff day. Take a look at what the futures trade is showing us across europe. Ax futures down ftse futures so far have been little changed. Dax and cac futures are both down substantially. You can see the parisian equity twox futures down more than thirds of 1 . In terms of u. S. Futures this morning, a sea of red. S p, dow jones, and nasdaq all off. What does the set up look like in terms of brexit after last nights big boat .
I think its going to be significant, 46,000 or 48,000 but you have the supply chain for gm, all of the construction around gm, so youve got a lot of ancillary folks that have been out of work and manufacturing isnt necessarily what drives the economy, its the consumer primarily and we are a service economy, and even though the numbers might be good, its the manufacturing thats really going tamp down here. Neil john, one one of the thins that im hearing to daniels point, not just 48 to 50,000gm striking workers impacting this but up to 200,000 more in ancillary business suppliers and the rest. What do you think of that . I think the estimate that roughly 75,000 to 80,000 jobs being temporarily lost because of gm strike. Neil okay, so if thats the case and they factored that in, is this just a oneoff, what do you think . A lot of reasons it can be a oneoff, results of slowdown at boeing, census workers who were temporarily hired and maybe are coming off the rolls, a lot of noise in the n
S. Welcome to power lunch were glad youre with us. The market marching towards all time records the s p just half percent from an all time high the nasdaq is in the red by about a quarter of a percent the dow is up almost 100 big move in bio gen today. Well have those details thanks. Bio gen from the only mover today. Bob has the run down for us. Mcdonalds was a very rare out right miss unusual for a big company. Most others are doing fine is beating enough right now given the price upset . Look at Procter Gamble sherwinwilliams had a terrific you. United Technology Beat them but the guidance is about the guidance they had for the Third Quarter. Kimberly clark did beat. About the same as what they beat in Third Quarter you see that stock is trading down a little bit there. Mcdonalds is the only out right miss we had there. U. S. Sales growth are a bit slower i talk about these beats and raise guidance is that really enough. Look whats been going on. Take a look at sherwinwilliams. Earn