We are going to start with the u. S. Reducing Interest Rates by a quarter of a percent. However, jay powell signaled a economiccuts and the outlook materially changes. Treasuries weakened on the announcement while stocks and gains showed gains. [indiscernible] a strong labor market. The latest on brexit, four shots and squared off with Jeremy Corbyn in their first parliamentary clash of the election campaign. Johnson said corbyn would deliver an economic catastrophe for britain and that the second aexit referendum should be glorious year in 2020. , the time for protest is over mr. Speaker, it is time for leadership and that is what the government provides. Hope for a u. S. China trade doubtse in downs and in doubt. The white house says it will continue to finalize the phase one deal in the coming weeks. Apex organizers say they have no claim to withhold it elsewhere at this point and chili also canceled the yuan Climate Conference scheduled for december. Global news 24 hours a day, pow
A new special relationship, boris and trump, perfect together, maybe. Well see. Investors like it. Stock prices jumped when the brexit news came through. We backed off a little since, but the dow is still going to open up about 70 points, up 9 for the s p and up, what, 34 for the nasdaq. The market clearly ignoring the really toxic politics so clearly on display in washington, d. C. Ive got two stocks to focus on today. New tech netflix, old tech, ibm. They are going in opposite directions. Start with netflix. We were told they had to sign up seven million new subscribers. Well, they didnt. They missed. Yet the stock is going straight up. My point here is, beware the expectations game. Ibm, going straight down. Their turnaround is not going well. We will ask if this is the time for new leadership. On the calendar this morning, President Trump leaves d. C. , heads for texas. Hes leaving the place where nothing gets done and where impeachment is an obsession, and hes going to a place whe
Today. Im at the boeing post, where that stock is rebounding right now. Up 2 . Weve got more on that in the meantime, the rest of the market hovering near alltime highs. Weve got 59 minutes to see if we can eke out a new record. Yeah, but just losing that momentum, morgan, in the last few minutes, now red on the a s p 500. Im wilfred frost. Good afternoon to you. Lets look at whats driving the action some trade pessimism as we got news that phase i of the u. S. Trade deal may not be signed in november, as planned Solid Earnings reports from merck and pfizer helping give the Health Care Sector a boost, but tech has turned lower with disappointing results from alphabet and grubhub, driving the nasdaq lower also to come today in our beyond the bundle series, we will get the details from at t about their new hbo max service and well also speak with one of the disrupters in the mccollum the interview coming up on closing bell. We are just negative for all three of the major indices of cours
Softbank continues to design a plan for wework despite signs that the startup prefers jpmorgan. Afterflix shares jumping investors concerns are called about a concern back home. We are seeing u. S. Futures unchanged this is after u. S. Stocks fell in the regular session. We had tech and Energy Leading the declines on the s p 500. We also had treasury yields declining today. We have u. S. Retail Sales Numbers that came in and contracted missing expectations. Up the sentiment for potential rate cuts coming later this month from the fed. However, we did see the pressure continued to mount as we also had china saying they would retaliate if u. S. Congress is up to have legislation in hong kong. Sentiment not great across markets. We saw the u. S. Dollar taking a dip. Lets take a look at asia. More of the same with sentiment taking a hit. Take a look at how futures are setting up and asia. We are seeing a mildly positive start when it comes to trading in some parts of asia. We have japanese
There could be a muted start. Turkey battles the kurds in syria, washington ready to hit turkey with sanctions if it oversteps the line. Shery we are seeing u. S. Futures higher at the moment after major indices on the u. S. Markets closed higher by more than 1 on friday. There was a lot of trade optimism, but suffice it to say stocks pared back early gains late in the afternoon session. There was no real signed document between the u. S. And china. We saw the s p 500 jumped the most in a month. We had Semiconductors Index gaining the most in five weeks. The nasdaq closing at the twoest level in about weeks. We saw a lot of movement when it came to treasury markets. We saw yield gaining ground and the risk on move affecting other Asset Classes like the japanese yen and gold. Lets see how we are shaping up. Off for then is long weekend. Asian stocks closed. The first weekly we are setting up for a higher open in the region. The offshore yuan trading around 7. 09. Goldmans expecting a mo