Trading day. Former dallas fed advisor Danielle Dimartino booth and alan knuchman out in chicago. Quick word on hong kong. That has been developing throughout the morning, night there, then well talk about the markets. Those are violent scenes we have on our screen danielle. This has been going on, going on for six months. I was there at the very beginning of the protest movement. The protesters with the goal to have the extradition bill delayed and taken off the table all together, had some success. But they have continued. The Police Continue to fight back. You wonder how it all ends. What do you think . You do. People should try to recall on per capita basis hong kong has some of the highest income in the world. It also is the conduit. It is the way that china access es the world financial markets. The fact it is in recession cannot be overlooked. This is something that is clearly not dissipating. It is not going away. I think a lot of people thought by now we would have seen this c
Hour plus wework woes the shareholder wants to shelf the ipo well have those details and discuss them later its the momentum crush. Investors are fleeing the stocks with the biggest gains and could be a warning sign for the Broader Market so Pay Attention power lunch starts right now welcome to power lunch. Stocks are under a bit of pressure take a look at the nasdaq. Thats getting hit the hardest as the momentum gains are selling off. On the flip side, we have small caps continuing their outperformance from yesterday. Up by 1 two headlines affecting your money. Stocks did jump higher on a glimmer of hope in trade talks but then they turned right back lower when President Trump said that he has fired the National Security adviser john bolton over policy differences. That news also sending oil sharply lower. We are live to wrap up what has been yet another very tumultuous day. Thats right. Another dramatic departure from the Trump Administration we got a little more context here we hear
Lets go to susan lee who is outside the apple event. You have been there all afternoon what are some of the big take aways for us . Well, i can tell you that apple has a big array of Services Hardware and software coming our way. Lets start off with tim cook taking the stage today to present to us a lot of new new goods when it comes to tech and shocking the market in technology and media by telling us when the apple tv plus service is come, which is november 1st. Tv plus service is coming, which is november 1st. So much cheaper than anticipated, 4. 99 a month, thats cheaper than disney plus later on released this year, 6. 99. And netflixs popular package coming in at 12. 99 a month. You get the streaming service for free if you buy an iphone, ipad or mac. That hurt shares of Netflix Disney and roku. They launched a new streaming service as well. It still is all about the hardware. The iphone 11, the base price here is 700. You get a pro which comes in at a thousand dollars. A pro max
Democrats of purposely refusing to call in doj Inspector General Michael Horowitz to testify about his i. G. Report slamming james comey. Why . Because it would ruin their impeachment push to get rid of donald trump. Nadler is trying to fast track impeachment. Not answering congressional subpoenas is a high crime and misdemeanor, the same crime obama officials committed. How a certain candidate, what she wants could help opec and russia. Cnn getting criticized by the New York Times and an extraordinary rebuke by the cia. They say cnn got it wrong. More media bias. Senator Charles Schumer said Senate Democrats will block President Trumps use of pentagon funds to pay for the wall even though the Supreme Court cases back him up. Just days before the anniversary of 9 11, obamas Homeland Security secretary Janet Napolitano said the border is not a top threat. We have overwhelming evidence that says otherwise. And what Janet Napolitano is the top threat . You will be surprised. Maybe you won
[music] the World Trade Organization warning that restrictions on are at their secondhighest level potentially on record. Oecd also warning on u. S. China trade tensions. They have held a conversation, at least talks aout talks, ahead of potential president ial meeting on saturday. Theyre having those ahead of osaka. Meanwhile, we talked about how markets are drifting. Higher here for the asiapacific. Were still seeing optimism to that meeting between the u. S. And china and japan. Up about 1 10 of 1 . Not thaty story, interesting here with your u. S. Futures here. Were slightly higher here after we reached those record highs, came off a bit in the last couple of sessions. It is that dollar story that continues to weaken. Moment of truth as jeff said, when it came to the broke belowr we that average. We did see the dollar weaken thenst most, except for japanese yen. The wan, still the big beneficiary of this. Were talking about april highs for the currency here perhaps on ais trade opt