Where we bring you todays market moving news from around the world, from hong kong to london, madrid, paris, and washington. We want to start with the latest trade development. President trump signals he would be willing to wait for another year before striking a trade agreement with china. Pres. Trump in some ways, i like the idea of waiting until after the election for the china deal, but they want to make a deal now. We will see whether or not the deal is going to be right. Its got to be right. Alix joining me from hong kong is enda curran. This is very different from what we heard yesterday from President Trump. Value, it is clearly the strongest signal we have had yet from the white house that we may not have this trade agreement by the end of the year. I think it will probably, something of a shock to both the chinese and Global Investors who have pretty much been banking on some kind of agreement by the yearend. But remember, we still have this deadline of december 15 for when t
Conference. Have of people moving, how the National Park service and preservation is how the story of black migration. My name is madeline, and the Senior Executive assistant at the National Parks conservation association. Lowder . Is that better . Sorry about that. Im so proud to be with you this afternoon. On behalf of teresa and the president and ceo, thank you for taking the time to join us and welcome. For those of you not familiar with the National Parks conservation association, we have been a powerful independent voice working to strengthen and protect americas National Parks for 100 years. Through a nationwide network of offices, and with more than 1. 3 million members and supporters, npca speaks up for our parks, all on capitole, hill. Our advocacy work cannot be done without partners. Forave partnered together decades to make sure the National Park system tells the story of all americans, from preserving a critical chapter in the Civil Rights Movement with the designation of
Work and make you feel like a dope for parking in an index fund because they perform better than the s p 500 on a fabulous day where the dow roared 177 points, still one more story about facetoface trade talks in china you know what this reminds me of not the 2000s where stocks were blew up. Not the past decade but we rallied steady not everyone the runup to the. Com apocalypse in 1998 and 99. No aside from the sign that trade tensions may settle town todays move was reminiscing of the beginning of the great bull market, thats right, of the 1980s. The first huge bull market we had the same winners now as back then to a post industrial economy and big deal for merck to surpass ford or gm in size. This morning we heard from a classic Consumer Goods Company that struggled Kimberly Clark blew up the numbers. 5 growth. Thats extraordinary and not the most impressive part what matters to me were the gains in the emerging markets. Listen to what the ceo michael sue had to say on the Conferenc
Market cap year alone ed and while ways chip huaweis ship that used technology from two u. S. Manufacturers. Caroline a macro environment paints the picture of a Good Environment that is not so hot that the fed cannot pull back on rates. 6 10 percent higher on the nasdaq, a new record high for the nasdaq and s p 500. Yes, tech leads the charge and ai is the area of focus, but we cvs see the s p push higher. What else do we see it clips . The record we saw on bitcoin. We get a new number. 70,000 is where we managed to push up to, we are back down briefly, but this seems to have legs. Ed, what do you have going . Ed lets start with rivian a day two, feelgood vibe after it unveiled its are two. For me pausing plans for a new factory in georgia. Broadcom earnings, sales missed in the order, but their outlook for this fiscal year is saying that ai is going to contribute to growth early 5 . Theyd previously said 25 . These are the u. S. Chip makers that are implicated in this scoop from bloo
That is up just a tick. Still well below the 6, 7 high point in june 2022. The threeyear ticking up 0. 2 to 2. 3 . That is below the 4 high we had there. What hasnt moved is the fiveyear, it actually came down. I think thats probably the one between the three and the fiveyear is the one the fed follows most carefully with concern about expectations. Some other things, expected price decline for college, gas, medical care and rent, i would have thought gas would have gone up and driven the thing higher. It did not. Expectations for food prices surged 0. 3 Percentage Points to 5. 6 year over year. Americans grew more confident in their job market possibilities, concerned about losing their job declined. Confidence in finding a new job if they left, that increased. But there were concerns about missing debt payment. In fact, that gauge reached the highest level since may 2020. To the comments of atlanta fed raphael bostic, he said he was the first one and only one to use that phrase suffi