Within reach stocks set for a higher open bullard still sounding the alarm for the economy and manufacturing. Apples moment of truth, the iphone 11 hits stores globally will it move the needle for investors . And washington versus big tech, Mark Zuckerberg meeting face to face with some of his harshest critics on capitol hill, including a surprise trip to the white house s p is aiming for a fourth straight day of gains as we wrap up the week. Volatility could be in the mix, given it is quad witching friday you got two fed president s making the case, rosengren thinks the fed should have held steady, bullard pushed for 50 basis points well see what clarida tells sara eisen in an hour. When you look at what u. S. Steel said yesterday, i know u. S. Steel isnt a big market cap what it said about the economy and steel case, very good, versus Herman Miller very good, Big Industrial just not doing well i think that it depends upon who you look at, like, i think bullard looks at everything. I
The white house are President Trump and the australian Prime Minister in town for an official state visit. That expected any moment now. Thats where we find eamon javers with what we can expect today. Reporter we are in the east room waiting on the two leaders. They have had some formal pomp and circumstance so far this morning. The president has had an opportunity to make news in the oval office announcing that the United States has placed sanctions on the central bank of iran, the u. S. Accusing of funding the two organizations that the United States say engage in terrorism around the world. The president saying this is the highest level of sanctions ever put in place against a foreign country. Well wait for more comments. As we watch the press conference, we are expecting the traditional two questions from the u. S. Press and the australian press. This is a president of the United States who is in Alliance Building mode here in advance of any action that he might feel he needs to ta
Says it will conduct daily repo operations to stabilize the lending market joining us for the hour, jim le camp happy friday investors dont like it when trade delegations cut their trip short. They dont, but god we can buy chinese dog leashes now. Theyve allowed a lot of things to happen and theyre not accelerating things so we need to get beyond what theyre ta talking about, beyond the saber rattling and looking at the actions. We havent ramped up tear i haves in a while then you look at the Federal Reserve board and while a lot of people were disappointed on wednesday when they didnt do too much more than say were going to cut it a quarter of a point, didnt give us a lot to go on in the future, it was more dovish than people look like he set the table for Balance Sheet expansion and Balance Sheet expansion may not be qe, but they could be mistaken as twins at a party its about the same thing. So yeah. I think some of these things are comeing off the boil whether its trade, Federal Re
The video streaming Platform Company sees its second sell rating. A pivotal reachers Pivotal Research calls the stocks first to our top story. Facebook has suspended tens of thousands of thirdparty apps that were using the companys developer tools as part of a review facebook started following the cambridge analytical privacy scandal. The number of suspended apps was at 400 in august of 2018. Facebook stated that not all of the apps were necessarily abusing or selling user data. Many were not live when they were suspended. I am joined by bloomberg out of d. C. And San Francisco. Fact they are closing down some of these apps showing facebook is finally doing enough . Its unclear if any of these apps were on were important or relevant. I do think it shows the followthrough. We are going to review all the stuff and take it seriously and see if we can find any apps that are violating these policies. They are actually going out in following through. I think its a good sign they are stepping
Keith bliss. Keith, welcome thank you very much, morgan good to be with you. Mid averages did hit new records this morning but have drifted back down to the flat line, not really moving very much right now are you surprised by that . Not at all. Im a little suppliesed at trpre lack of action it seems theyve hit their own food coma as we wait for earnings to come through we have 300 companies that are going to report next week. We are on fed watch, of course, waiting for the july 31st Rate Decision a bit like waiting and waiting markets are taking a breather right now. Here in the u. S. And elsewhere around the globe, people are starting to go on their holiday so you have lack of participation. Were going to get into all of that a little more. Secretary mnuchins crackdown. Wilfred is covering citi earnings dion is watching the debt ceiling debate lets begin with treasury secretary Steven Mnuchins comments on crypto moments ago eamon javers has that. The rarely used White House Press Bri