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
Helsinki, Michael Mckee in new york, and Kevin Cirilli down in houston. There was a bloomberg report trumpday that president might have a ceasefire, and the president basically confirmed it. Pm johnson i see a lot of pres. Trump i see a lot of analysts seeing we will do a piecemeal. Easy or hard. Theres a deal or theres not a deal, but it is something we are considering. David there you heard it. It looks a little like the chinese may have responded this morning. Right. Xactly some economists are talking about a mini deal. Theres the prospect of china buying some u. S. Agricultural products and exempting pork and soybeans from additional tariffs. Expectedtowards these talks in october at a high level between both sides, there is a word of caution as well in all of this. China has always been in the market for more agricultural goods. Dating more pork in particular because of swine flu. Theres certainly evidence of some good gestures, but no signs of a major, sustainable breakthrough ju
The u. S. And china agreeing to meet next month. Stocks, as you saw, reacting positively to that were going to talk abdomen goldman shrinking the partner ranks. Interesting story. Up to a dozen executives reportedly negotiating the exit. Is it a sign of a broader shift for this wall street bank . And shares of palo alto, they are up, as you can see the ceo joins us exclusively in a few minutes. Theyre up ahead of the bell, of course, this morning lets start with the markets this morning a chance for jim and i to get back on the same page as to where things stand we also got fairly positive adp numbers. 195,000 private sector jobs added in august. That was above the estimate. The consumer continues to be quite strong in this economy i heard you talking to joe about, you know, were the only ones that talk recession and we got a ten year above 1. 5 again. I thought when i saw its like the bonds also rise i think what weve seen is this endless yield going down versus, say, where the one ye
Nondisclosure agreements to join the android option. Some are calling the move another example of strongarming the competition. First, what a difference a day makes. Major markets have closed in the green after mondays recordbreaking losses. Tech can be partly to thank for the turnaround with apple, tesla, cisco leading gains. The s p closed up 1. 2 while the nasdaq closed up 1. 4 . Should take investors be popping the champagne just yet . Joining us to discuss, bloomberg Senior Editor michael regan. Should they . Ke they can at least breathe a little bit of a sigh of relief. Tech was the leader yesterday mainly because people saw that fix the chinese currency sunday night, monday morning china time. It was a dramatic move, the weakest fix for the currency on basis since 2015 and it allowed the currency to drift above that seven level compared to the u. S. Dollar. People thought that was a line in the sand. Fix, the peoples bank of china fixed the currency below seven. That is psycholo
, because of tariffs. Here is the question. Is the president getting ready to take a softer approach to tariffs . Well be asking our china experts coming up. And more hong kong protests this weekend, organizers say 1. 7 Million People brave the rain to hold a very peaceful demonstration yesterday. Well get a live report from hong kong later this morning. And get this, the business round table, the top ceo group led by Jpmorgan Jamie dimon saying maximizing shareholder profit, your wealth, can no longer be the primary goal of big corporations. Whats up with that . Varney company monday edition starts right now. President trump china is doing very very poorly. Theyve had i just saw a report theyve had the worst year they had in 27 years because of what ive done, and they want to come to the negotiating table. Theyre losing millions and millions of jobs in china, and were not paying for the tariffs , china is paying for the tariffs, for the other countries it may be that if i do things wi