Lets check a check on your money, america, shall we no major reports for stocks marginally lower. Get this, if today would be the dows first drop in seven sessions if we fin down today. Some leading the s p 500, and it is a match made in heaven for match shareholders that stock is soaring, as earnings beat on the flip side ouch lending club, kicking out members today, sinking in weaker results. No down 30 in just the past three months. Looking awful. Thank you, brian we begin this hour with President Trumps trip to china and how critical he will be of that country, one of the most frequent targets in the past before the trip even kicked off, the two countries, however, announcing 9 billion worth of deals. Kayla tausche joins us live from beijing. Kayla . Reporter this trip comes as a year has passed since President Trump clinched the victory. And now hes trying to and that slate of deals is part of that deals in agriculture, manufacturing and energy, deals to import u. S. Beep onto eco
Time warner deal the Financial Times reporting regulators are demanding the sale of cnn in order to approve the deal well have the latest on just what the government is demanding here, coming up. And this has been a big story today. Snap sinking after missing wall streets revenue estimates by a big margin well look at whether that stock, which is down about 50 , since the ipo, whether that can recover or not thats all coming up here. Busy day still a big decline for those shares lets kick it off with the latest on the at t time warner deal sources saying that regulators are calling for the sale of cnn in order to approve the deal, joining us is the reporter who first broke the story today, james khan, thanks for your time thank you for having me on the show so, now the New York Times is reporting its a sale of Turner Properties writ large, whats your latest information on what the government is demanding that at t would have to sell to get this deal done. Based on that reporting before
Operations which will benefit certain input, but its difficult for a lot of all these companies, even caterpillar, they all have some involvement with oil and gas, especially with all the republic sans of the domestic oil and gas industry. And then theyre not that optimistic, these guys. Theyre not. Its surprising. If you look at what we hear from we talk to economist, things are better. With Capital Spending decreasing. That is the big concern. If you dont see more capital expenditure, youre fought going to see the regulation with randall stephenson, right over there. But its the same story for four or five years where some of our viewers are tired of hearing about taxes and regulation. But these guys look at it every day. They see it. The economy is still growing based on problems with government, based on government helping. We talked about all of that. Well tell you about some of the morning headlines. We have three big stories to watch this morning. An important snapshot on the jo
Exxonmobil and t. Boon pickens. Jcpenney getting a big downgrade. And more optimism for apple. Another analyst ups the price target. First up, one day after the dow closed at record highs, the private sector added 208,000 jobs last month. That was a bit below street forecast. Meantime, Oil Prices Rising slightly this morning but down almost 35 from six months ago. Last night on mad money, Oil Tycoon Boone Pickens says he expects crude to return to 100 a barrel. Take a listen. Weve increased production, a Million Barrels a year for the last three years. And that is remarkable. No place else in the world has that happened. So consequently, i think youre probably going to see opec do something in the First Quarter of next year as far as cutting production. But im not so sure how much they have to cut to get to where i said you would be in 12 to 18 months. Youll be back at 100 a barrel. Fascinating. There is a school of thought that when production responds, you will overshoot the opposite
The mississippi runoff is being described as a fight within the gop between Establishment Republicans and the tea party. Quoting from the story the race has the feel of an alamo moment while the establishment has poured money in and outside groups raised money for mcdaniel. We will bring you the result and the Election Night speeches as they come in. First, todays hearing on the merger between at t and directv that would create a 48. 5 billion merger. The chair of the house subcommittee on antitrust law. Good morning. The hearing will come to morning. Without objection the chairs authorized to declare recess of the committee at any time. Now i recognize myself for my Opening Statement. We are hear today to examine the proposed merger between at t and directv. As i reminded witnesses during the recent comcasttime warner hearing, todays procedure will m not determine if the merger is approved but this form will allow us to discuss the potential of the motherinleme allow us to ask questio