See whether tariffs will be impose or not, the focus is on jobs. At 63. 30. E well have a roundup of opec and saudi aramco and the pound. We are six days away, the u. K. Election is holding at the moment. Today, have an important Leaders Debate. Coming up a little later, dont miss our interview with the u. S. National economic director at 2 30 p. M. U. K. To. Time. First, look at straight to first word news. Lets get straight to first word news. President donald trump might be impeached before christmas, but theres no chance youll be convicted in the senate. Nancy pelosi says the house will draft articles of impeachment against the president for abusing his office High Pressure ukraine. Donald trump remains defiant. North korea may be preparing to conduct engine tests. Base kim jongun sexy dismantled as a concession to President Trump. Says he dismantled as a concession to President Trump. Political uncertainty is quote playing havoc with the uks labor market. This is according to a su
Slower Consumer Spending early in the year. Not affecting stocks at the moment as we see the dow with little change and the s p and nasdaq gaining at the moment. Lets look at individual stocks. I wanted to look at amazon and what we have seen so far this year. Shares were up about 9 today were up to date and 9 year to date and they are expected to close at a record depending on gains. Amazon is going to be raising its amazon prime fee but only for monthly customers. Most are annual, but the monthly fee is going up to 12. 99 from 10. 99, but they have been a on a good run so far 2018. Mark carney season continues to ramp are earning season continues to ramp up. Ibm coming out with increasing sales for the first time in six by as muchit is not as cloud computing, said those shares are down. American express spending more for its customers. In other words, getting more and rewards. Those costs are going up. Jeff campbell says renewing its aret deals were going going to crimp money this ye
Now on for Senate Republicans to pass what President Trump calls the largest tax cuts in u. S. History. Welcome to risk reward im elizabeth macdonald. The dow streaking up 160 points the s p and nasdac also hitting fresh new highs as President Trump pitched tax cuts to both democrat and republican members of the Senate Finance Committee Earlier at the white house today making it clear he wants to bipartisan support for tax cuts. The president says tax cuts will help grow jobs to the middle class and put an average 4000 into the pockets of americans. This as five democrats on the committee of the Senate Finance committee face reelection next year and states that President Trump won. Republicans now forecast tax cuts by thanksgiving while the president says it could be christmas. Well have more on that in a minute but first a warning sign. Investors are pulling more money out of stock funds than they are putting into those funds so far this year. Pulling 36 billion thats flowing out of e
Message is xi jinping trying to send and how is it being received around the world . We are seeing this risk rally play out across asia markets. Completely unsurprisingly, the intors seeing most gains australia and tokyo are energy, materials, infrastructure related stocks looking to get a from the 78t billion pledge by the chinese president in his roads initiative. We are 30 minutes away from the china. In looking at the theme today, its hard to get away from the higher bys drive, led the cohesive comments from the Oil Ministers of russia and saudi arabia and beijing yesterday, saying that they want to go another nine months when it comes to this supply cut deal that was reached. And began in january. Take a look at this chart. To the supplier that opec cant control. U. S. Inventory numbers drilling reports as well. 20172018, and 2019 Consensus Forecast as well as the number for wti is all leading to 50 a barrel. The question is whether we can put higher put higher. We are seeing risk
Happy monday morning. Welcome to Worldwide Exchange. On cnbc. Im sara eisen. And im wilfred profit. Very good morning from me as well. Lets check the markets, low volatility. Little action. The dow and s p closed lower for the week. The nasdaq marching to its own beat closed higher for a fourth week in a row. Dow futures up 40 points. S p points up 4, nasdaq futures up 6. Retail earnings are going to be dominant as they were last week. Looking for results from walmart, home depot and more. Going straight there to show you the big boost. Wti 2. 6 higher. Present is above 52 this morning. 52. 15 up 2. 5 . As i mentioned on the Energy Minister comments. Nat gas up by a percent. And last week helping the market up 3 breaking the threeweek losing streak. So perhaps thats a sign to spur the market this week. Asian markets, hong kong, up. And the Industrial Production and fixed investment, both significantly rising but significantly below estimates. The ftse was the outperformer, 2 . Germany