Renewed china trade optimism set to fuel further gains of the open retails big week and the tariff impact into the holidays. Best buy, dicks, dollar tree, abercrombie among the retailers reporting today. And ford challenging tesla to a apples to apples tug of war between pickups and elon musk says bring it on three major indices saw record closes, top trade negotiators from the u. S. And China Holding a phone call earlier this morning the two sides continue to work toward a phase one trade agreement. Trade rep lighthizer, mnuchin, both participated in that call and both sides agree to remain in contact over remaining issues on twitter, you said the phone call last night was very important in terms of furthering a deal yeah. It is real ive been skeptical. This was a real call phase one probably happens Financial Services get opened up president may believe that intellectual property is for real that instead of just a soybean buy, a promise to they would respect intellectual property. Do
Second. First, we have to focus on the big news happening right here at home in the city of oakland. Executors indigo ship warehouse try are now deciding whether or not to seek a second trial against defendant derek l mehta. They found max harris not guilty on all charges. They voted 10to to convict l mehta. That means a hung jury. Prosecutors talk to harris about feedback on whether or not to retry a meta. Derek l mehta. To be an convicted, he is very unhappy when he thinks about the loss. Our hearts have been with the families of the 36 victims that died in this unspeakable tragedy. That still remains our focus. He was released from dublin just last night. His next Court Appearance is scheduled for october 4th. Deputy say they talk with max harris about 15 minutes before releasing him. Authorities said he was quiet and reflective as they drove him to an undisclosed location. Terrace did not want to make any public statements at the time. Derek almeidas attorney said he will not stop
Watch this whopper of a doozy oligarchs cosigned a loan to mistake joe biden made today talking about japan. Listen to this. Trump from deutsche bank. Look whats going on in msnbc staffers say no one saw japan. Japan is in a position where traditionallywell women are as the bank documents, including well educated as men. But the tradition was once they the single anonymous source. Had a child they were to drop Homeland Security now barring out of the job market. Because they are xenophobic and they dont want people to come his staffers from visiting the in from outside to make up the Border Patrol because they were work force. They have have fewer workers even interfering with law than they have for a need for enforcement operations. This as thousands of migrants workers. Liz he says because japan is are going returned to mexico to rate out their asylum hering. Xenophobic. The more i hear from joe President Trump criticized for biden the more i think his first redirecting Homeland Secu
Flights today. Goldman sachs lowering its growth forecast and reports that wework could file as soon as this week. Were going to start today with the markets. Jim, not a repeat of last week, but were going to it is going to be busy, cpi, retail sales and more. Retail sales is on front burner it is hard to believe that given that unemployment rates are so low. People keep waiting for the inflation story in retail. I dealt with a number of retailers, and almost every retailer says, listen, very small margin hit to the september 1 tariffs. But as soon as you hear small, you say, big, big, big really good piece about dollar tree, not a lot of exposure to china and does well when the economy weakens. I want to watch that to see if we dont get the situation where we start trading down in terms of tocks macys, 7. 7 yield thats the paradigm of what people are avoiding. I think the macro does trickle down to the micro. Im concerned. Im really concerned about this hong kong situation too. You me
Out what inning it is in. What inning are we with the weight loss drugs or electric vehicles . We are clearing the final inning of the nelson proxy fight for board seat. It is dizzy because he did not get the votes but he could pick up a full million in profit. That inning game that bothers me the most is, what inning are we in the Artificial Intelligence whom . For the last few days weve seen everybody coming down in the ai space. People arguing because the declining stock prices we are in the late innings of the story and perhaps it was all done to begin with. Fortunately it was not enough to do that much damage today. The nasdaq gained. 23 today. Still with the bellwether of ai, nvidia, now down from its high of 974 to 889, down another 4. 88 today we are being told that nvidia conference and supercomputers are just old hat. Its been replaced by the golden age of refining sending stocks like marathon and he. Its the golden age of the Dollar Stores with Dollar General and dollar tree