But quote, do i . He goes on to say that he will meet with the vice premier in the oval office. There is lot of talk from sources that they could possibly cut this short. The chinese are trying to come home with something related to a deal from the United States here. Chinese sources made it known they would like to do the agreement, what both people, what both sides agree on and work out a timeline for difficult things later. Kind of like what they saw with the japanese deal. Theyre looking for that as a guide line. The chinese would set a timeline for more difficult parts. The Department Department of age said chinese bought 134 million worth of soybeans from the United States. That happened this week. A significant number of pork purchased by the chinese. More goodwill from their side. One of the Top Priorities is to suspend the tariffs or roll back the tariffs that the u. S. Has in place. The president , the ad midge station says those tariffs brought china to the table at this poi
Continuing a trend that shows so far, university of michigan sentiment, other surveys were doing okay and things are going okay. In the middle of all of that, you have a report out of fedex saying were not doing okay. Telegraphing problems because of the trade war. The trade war is one of the big reasons why the fed will supposedly move today. It is all in what the fed lays out after it makes its move. The consensus seems to coalesce out of quarterpoint cut to Interest Rates. Would bring overnight lending rate from 1. 75 rate to 2 , from around 2. 25 we are right now. That can jostle wildly. Lets get the read on all of that Charles Payne, thank you for helping out on your world yesterday on fox news. What do you expect first off . 25 basis point rate cut in part because the wall street expects it, to such a degree yeah it is. If you think a trump tweet is tough, wall street selloff of several hundred points. I mean they, they really have the market cornered when it comes to temper tant
I could go on and on. Growing china trade uncertainty. Things are getting a little violent right now in hong kong. For next two hours well put it all together. We say boo, you decide whether you still want to buy. See what we did there . Neil boo were down 226 points just like that. Starting off the first day of this problematic month. It is not traditionally the worst month for stocks but more memorable from some of those crashes, crashettes whatever you call them. Im not saying it will end up this way but it is starting out that way and scaring some folks. We have had big drops this month. October of 18 we can remember 1342 hit. In 081525 point hit. We could go on and on. In percentage terms the big one to beat is 25 plus hit in the dow in october of 1929. In 1987 we lost a quarter of the dows value. I only mention that, this is a spooky month. We have a lot of spooky developments were getting into. Not only widening search for subpoenas on capitol hill and people resisting those sub
Virtually all subpoena 500 sectors are down. S p 500 sectors. Thisjackie deangelis is here wat breakdown. Reporter good afternoon, neil. October has gotten off to a rocky start i would say. The fundamentals of the u. S. Economy had been holding up but the data is signaling that there are some cracks there. Today es nonism manufacturing number is important, showing slowing growth in the Services Sector. Reading of 52. 6 is down from 53. 4 in august. Fed cutting Interest Rates, reacting sharply, forecasting another quarterpoint move lower at the fomc meeting at the end of the month. The number is essentially neutral but it indicates sloyer growth here. We earlier saw a slip in manufacturing as well. You combine two of those things there is definitely a red flag. Meantime bed, bath beyond, increasing number of stores it is planning to close. In april it said it would close 40 stores. Now that number bumped up to 60. Retailing in general, 4600 store closures for the year announced by u. S.
Disrupting this is bad for the markets. Whatever helps it is good. That is where we stand. It is not a political thing or red or blue thing. It is a green thing. Whether they are republicans or democrats they love making lots of money. My name is neil cavuto. My thanks to david asman filling in while i was out. What is occupying the markets attention, to impeach or not to impeach whether there is enough evidence or drama around this to build a case for this. The so far the transcript of the infamous phone call is out. We dont know all the details. We dont know for example, if it es out right verbatim context of the call or whether there were other calls. What weve seen of it so far does not seem to emply anything too, too worrisome for the president , a little icky but not necessarily a constitutional crisis. To blake burman at the white house with more on all of the above. Blake, what have we got . Reporter hi, there, neil, here is the argument and the president and the white house ar