Year, the Vice President gave a speech on china which he took issue with basically the entire chinese model, the economic model, the political model, chinas, chinas stance on human rights, that was viewed then as the administrations hardline on china. So, the Vice President was set to give a speech just days before President Trump and president xi are set to have the meeting at g20 in china, however, now the white house is backing off of that. This decision comes just a couple days after of course President Trump and president xi got on the phone, had that phone call, which the president described it as productive, said there will be expanded meeting at the end of next week. The thinking here, neil, the tensions are being lowered between the u. S. And china on the trade front, just a little bit, heading into this Big Conversation next week. Speaking of tensions, completely different feel as it relates to iran, president acknowledging this morning that he had authorized a strike as reta
Lunch begins right now welcome to power lunch. Im Michelle Carusocabrera. The dow hitting record highs again, pushing closer to 25,000, just days after crossing 24,000. The s p 500, the russell small caps also hitting record highs but in the category of things that make you go hmm the nasdaq struggling again today because of a tech slump. Nvidia, micron, amd among the biggest declines check out what else is moving at this hour. General cable is soaring more than 30 the industrial wiring cable maker getting a 3 billion takeover from an italian rival facebook is down about 1 . One of the stocks pressuring the 100. The social media giant unveiling a messenger app for children more on this controversial move straight ahead on power. Michelle, thank you very much welcome, everybody im Tyler Matheson we begin this hour with that big market rally youve been watching all day today over 20 now of the s p 500 sit at 52week highs tracking the action at the nyse. There is some very interesting rot
More than three years. They will be focused on north korea sending a delegation tonight months olympic and south korea. At the same time, south korea will try to keep from undermining the u. S. s hardline against the north. Global news 24 hours a day. Powered by more than 2,700 journalists and analysts in more than 120 countries. This is bloomberg. Julia live from bloombergs World Headquarters in new york. I am julia chatterly. Scarlet i am scarlet fu. Joe and i am joe weisenthal. The s p extending its winning streak for a fifth straight day. Hojoe the question is, what you miss . Do they also point to inflated prices. Farmers are hoping to reap the benefits of their support for President Trump, who is said to address the American Farm Bureau Federations annual convention in nashville in about 30 minutes. Will bring you his remarks. Too much of a good thing could be hurting apple. Arebig shareholders concerns about children becoming addicted to the iphone and they want apple to do some
The offshore driller seeks to cut its dividend for the next two quarters. A Strong Performance in the u. S. And u. K. Offsets weakness seen in emerging markets at wpp. The chinese volatility is not a reason to write off its prospec prospects. Welcome to the show. Its the trade out of asia, china in particular catching the eye of the bank. It will inject 140 billion yuan or 21 billion via shortterm liquidity operation loans. This after the shanghai composite posted its fifth consecutive session of declines despite yesterdays rate cut. As you can see down 1. 3 . Lets get the word from sri wrapping todays asian market trade for us. Let me talk about this operation to inject 140 billion yuan via the slos. This is an attempt to avert a liquidity squeeze. Remember the recent measures that we saw yesterday announced by beijing amount to some 650, i think between 650 and 750 billion yuan being pumped into the money markets in china a lot of people saying its to offset the capital outflows as a
It has two weeks to make concessions on exit agreements if it wants to move on to the next phase of talks next month earlier on friday the man who wrote the legislation used by britain to leave the e. U. Said its not too late for the government to stop breaks it all over your top stories thats it for myself and the team here in london counting the cost is next. Facing realities the president said that there would be a complete audit a hundred percent audit that audit hasnt happened to getting to the heart of the matter so are you saying then that the future of the g. C. C. Will be in doubt. Here the story. On talk to how does it. At this time. Im has a seeker this is counting the cost on aljazeera your weekly look at the world of business and economics this week the princes purge some of the richest royals and businessmen in the arab world under arrest well look at what it means for saudi inc. Also this week a potential banking shut down in the kurdish region of iraq well look at how t