World, from hong kong to vienna to u. K. And to washington. We are on the ground with all this mornings top stories. The u. S. And china are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase i trade deal according to people familiar with the talks. This to be expect reached before december 15. Joining me is chief bloombergs chief asia correspondent. We have some takeaways from our colleagues in washington and beijing. They are making the point that President Trumps comments yesterday do not necessarily indicate that these talks are stalling, even though he was downplaying the need for an urgent deal. On the flipside, we have in hong kong and xinjiang are not going to derail the talks are these talks to continue to push forward. We now look at the december 15 deadline. On the chinese side, they have a redline around tariffs. There are some details on which tariffs are to be rolled back. Before we get too optimistic, i would say we have had some stri
Kind of an ugly day, dow shed 113. The nasdaq declined 0. 15 i wont hammer you on the trade talks but highlight an opportunity that works regardless of how things play out with china for all we know the trade tussle could be with us for ages. I dont want you missing out on amazing opportunities that we see out here that arent bound by the narrow confines of the prc versus the United States so let me lay it all out for you. Thousands of companies are in trouble right now because they dont know how to deal with technology they dont understand the sales force or cybersecurity or pagerdutys always on mentality. If you want to compete having the right tech gives you an enormous edge. Thats the thesis that bind so many of them thats why target i think reported a blowout quarter, not just this morning and by the way a lot was Brian Cornell knowing how to use technology and kohls reported a hideous shortfall yesterday. Target has the right kind of tech kohls hasnt spent enough on it more later
America discuss migrants. What mcaleenan called for he described as concrete International Actions investigations and in traditions. Panama has been the bridge for migrants seeking to reach the u. S. Border. It is also a route for cocaine moving up from south america. Emmanuel macron gave Boris Johnson little hope he is winning to compromise on brexit. Macron told the british Prime Minister that any changes to the current deal will not be very significant. Johnson is demanding the eu scrap the backstop, the mechanism designed to keep the irish border free of checks. That is a key part of the agreement. The two men met in paris. Jeremy corbyn meantime says he will do everything he can to prevent the u. K. From leaving the eu without a deal. That includes calling a noconfidence vote in Prime Minister johnsons government. And if it succeeds, competing in the ensuing general election with a pledge to hold a Second Public vote on brexit. I agree with president macron. The question of the ar
Sandwich in the land we are here to settle the score. We begin with a monster day for retail where something happened check out shares of home depot, urban outfitters, kohls, all beating on ets but mixing on revenue. The stocks had a mixed reaction today. Urban outfitters the big after hours mover, so which is telling the story of the health of the american consumer. What do you say . It is a great question. The health of the american consumer, we can debate it the one that tells the story to me is home depot i will tell you if we had a conversation last night and you told me all of the numbers home depot would report and you said, where are the stocks going to go, stocks are down 3 the exact opposite happened. I guess the market is giving home depot a pass once again sales growth wasnt there yet their margins improved. A mixed bag for home depot given their valuation, given the take we saw today, the fact is stock is up today tells me the stock wants to continue going higher typically
Retail sector. Mike khouw looks for the sequel to the movie next week it is time to risk less and make more. The action begins now. Lets get right to it it was the rate shock heard around the world, the tenyear treasury yield falling below the twoyear yield since 07 it sent stocks spiraling this week the dow saw the worst day of the year. Our chart master carter worth says fear not, the yield break down could spark a breakout for one stock heading into earnings next week. Hes at the plasma to break it down for us. Carter. Going to focus on home depot the actual builders have done nothing for three weeks but it is called out performance compared to the market and it is probably because of rates, by all accounts because of rates. Home depot, earnings next week think you can draw the line as follows. One way to draw the line, you have selloffs, right . This is a very precise selloff in terms of days down, 11 , and this is 9 what is really important about those two selloffs is that they bo