Of 2. 32. For the quarter, they see earnings at the low end. The estimate was for 1. 51. A large part of this will be how are they going to offset Rising Labor Costs with lower fuel costs. When does that shift happen, and how are they benefiting from the 737 max . Will that benefit continue . That stock getting hit in premarket. In the market, it is still overall about trade. It was very whippy action here. Those numbers on your screen do not revisit the last 12 hours of trading for s p futures, now down just 0. 1 . We will get to some of the headlines in a second. Eurodollar at a twoweek high, and oil on the move. The opecaving secretarygeneral speaking at the oil and money conference today. He is saying some interesting things in terms of oil in particular. Hes talking about opec plus will take appropriate, strong decisions in december. Also the charter they are extending to the u. S. Trying to bring in other countries into that opec agreement. We will be speaking with Mohammed Barki
Like china now with the trade war backdrop International Trade has been weak and u. S. Corporates are starting to see they hit their bottom line so now with the 2 main drivers of corporate profits both getting pummeled are we in for a round of negative q 3 earnings and furthermore is this the start of another economic contraction. And earlier this week we had an opportunity to catch up with steve professor of economics unpatriotic and the author of can we avoid another financial crisis we started our conversation by talking about the economic slowdown in china despite the burst the slowdown the nations economy is still growing the fastest of all the worlds Major Economies we asked if this was sustainable. Growth is if you actually look at a 6 percent rate of growth every year that means your economy doubles and saw as if. That sort of growth is possible when youre starting from the incredibly low blows that china began with but if you want to eat you want to go to out of the. Period an
The travel Company Folds under the weight of its debt, leaving tens of thousands of tourists stranded. Brexit goes stateside. Boris johnson takes his bid for a deal to the General Assembly in new york. Labor divisions threaten to undermine its Party Conference in brighton. Brent resumes gains on concerns over aramcos output. Irans foreign minister sounds a tough tone after a u. S. Troop deployment to saudi arabia. Im not confident we can avoid a war. We are confident we will not start one, but im confident that whoever starts one will not be the one who finishes it. Halfhour less than a hour to go until the european open. Im taking a look at a monthlong chart of oil. You can see the break away to the upside when those aramco facilities were attacked. We then recovered to some extent, but we are coming back up in terms of the group rice. Those tensions are building backup. Take a look at what we are expecting in terms of the cash equities open. We have the ftse, cac, and dax futures. Fu
Towards the close. The s p is below the daily average, so there may be headlines that wont matter to the market because you have to look past it, but maybe they were all transfixed in watching it on tv. That is your close on that for the day. Thinking about that shuffle near record highs. Is bigger than one year. Range. The volatility there is that horrible volatility to the downside. Welp into oversold territory. We go into somewhat overbought territory. Uout. The s p 500 stalling that rsi is on its third point of a lower high, suggesting the bulls are getting weaker. This chart may suggest stocks could cool off a little bit in the weeks ahead. Im looking at mcdonalds and t. They are testing a new plantbased burger in canada. Beyond rising 10 , recouping losses. Target ofn a major shortsellers, 40 of float being used to short the company. S3 partnersrding to head of research. They are calling this burger the t, plant, lettuce, tomato. Bullsron earnings, a win. Topline revenue beats. A
Tropical storm dorian coming up emily. All right here at 6 00 lets start with a look at your bridges. We are going to start with the bay bridge. The busiest one of them all those metering lights are on. They are backed up to the foot of the maze and up onto the 880 flyover. Sorry i just got distracted because i just saw there are flashing lights in the approach to the bay bridge. At this point chp hasnt written anything up you can see that right there between all those big rigs. I dont know. In the meantime its going to be slowing you down at the toll plaza into San Francisco this morning. Youre also slow and go across the san mateo bridge to the peninsula this morning. So you might need to give yourself a little extra time there as well. And last but not least the Richmond San Rafael bridge that approach is packed but not slowing you down at this point. Youre good to go northbound and southbound on 101. Im anne makovec at the live news desk and were going live right now to puerto rico