Meeting with, and of course better known as the new nafta. And the s and p and the nasdaq hitting new highs. Lets bring in our investment committee. Joe, stephanie and john, marg reet reed, union bank private bank, and rob of ubs private wealth management. So stocks, joe, pushing to new highs. Youve got the president who is probably going to tout a strong economy, high gdp, low unemployment is he going to give the market another leg up i think you and i used the phrase coiled spring here we are, we are springing higher, with very good reason. I think when youre looking at the steepening of the yield curve, the uninversion, if i could create a word, the uninversion of the yield curve, theres been a significant rebound in yields. And then earnings, and steph talks about earnings all the time eps gross was expected to be negative, 3 to 4 we came in down only 1 . So i think there is a lot to present a very fertile environment for the capital markets. Every asset class is higher. Where is t
Coming out with earnings this morning. The big story that cut its full year revenue view seemed to maintain its earnings and increase its gross margin forecast for the rest of the year. Its revenue at 2 versus 4 on the high end. Remember this is all in part as well as the stock plunges. They did not comment. They wont comment on any further investigation. They do say they are cooperating. Our time for global exchange. We bring you todays market moving news from around the world. Bangkok to london to washington. Our bloomberg voices are on the ground with this mornings top stories. We want to start off with the latest trade development. The u. S. And china say they are close to agreeing on the first part of a trade deal. Wilbur ross spoke to bloomberg expressing optimism on the socalled phase one deal. I think we are in good shape. We are making good progress. And theres no natural reason why it couldnt be. Alix joining me on the phone from bangkok is ed in a edna. Also that exclusive i
Which is crucial for canada. Lets check on the broader markets here in the u. S. For the s p 500, continue to reach above 3000, but just a bit of weakness before the rates decision. The u. S. Dollar index not really moving. We are at 97 92 cents, fairly healthy. Off. 0 year yield on general electric, investors reacting well to this numbers to these numbers. It looks like larry culp is actually delivering. Guy cash flow very solid. Flows off today. It is the banks really doing the damage, mainly Deutsche Bank, Credit Suisse, santander, all down hard today. That is what is dragging the stoxx 600 away from the 400 line. Eurosterling a little negative right now. Tiering comes into place today for European Banks, plus the restart of that qe program. We are keeping a firm i on both of those stories. The others dry want to mention is the South African rand, absolutely pummeled. The dollar up by 2. 5 . The budget out in cape town today, having a few having a huge impact on the rand today. Vonn
Here. Good morning. Maria you have gdp, adp, alphabet of numbers and economy that is front and center in the 2020 election, right, lee . Question, theres no question about it, a lot of people are talk how its giving the president so much cover right now with everything that is going on, the democrats have to be careful how they treat this because this is an issue that the American People find dear to their hearts, a lot of Economic Data in favor of the president. Maria if theres one person thats coming across as well as anybody opposite the president would be Tulsi Gabbard and i know that youre a big supporter of Tulsi Gabbard, omid, does she look at the economy as driving force, is that part of her platform as well . Theres no doubt about it. The way she gets there is difference, start with foreign policy, we wasted 6 trillion over 18 years on regime change wars, we have a trillion dollar deficit, but 6 times that have gone to wars have havent made us safer, what can we do with money
Return of its boeing 737 max from its schedule until mid january thats longer than any other u. S. Based airline american had previously planned to fly the model by early december the federal Aviation Administration has not said when it will allow airlines to operate the jet it has not been flown since march after 2 fatal crashes within months of each other boeing has developed a software fix for a malfunctioning Flight Control system u. S. Authorities have yet to approve it. And lets go to our financial correspondent in new york he ends quarter for more on this boeing stock doesnt seem to be too affected by this decision today despite the cost of the company could incur from this grounding whats Investor Sentiment about the company right now. Well i mean the 737 machine than the 737 series in general are the best selling planes for boeing yes there are delays yes there will be a loss you would say yes there have been some possible cancellations from customers but overall and analysts