From friends to frenemies, President Trump with a bone to pick with tim cook and something that has not been done since 2012. That and more as Worldwide Exchange begins right now good morning. Welcome to the show. What you are seeing are live pictures on your screen of our nations capitol where in hours, the u. S. And china will sign that highly anticipated trade deal set around 11 30 a. M. Eastern time Steven Mnuchin spoke to reporters last night weighing in on the news that the u. S. Will maintain tariffs on chinese goods until the completion of a phase two u. S. Trade agreement if the president gets a phase two quickly, hell consider releasing tariffs as part of phase two, if not, there wont be any tariff release. There is nothing to do with the election or anything else. No secret agreements youll hear more on sn from Steven Mnuchin on squawk box around 7 45 a. M. At 9 30 a. M. Eastern in a first on cnbc, National Economic Council Director larry kudlow will join squawk as well ahea
Maria joining the conversation, Dagen Mcdowell, former republican president ial candidate steve forbes. Im so happy that youre back, dagen. Dagen i was watching or trying to, i missed you immensely and i will leave it at that. Maria we will talk more about it. Maria steve, thank you so much for joining us, big day again. Consumer is still king. Maria we are wait on retail numbers, top story, markets hitting record high, futures on the way to another record at the start of trading, s p futures up 8 and nasdaq futures up 34 with a number of retailers to report quarterly earnings, home depot, kohls, tjmaxx among them. Lets get to home depot, Ashley Webster are the numbers. Ashley lets get right to it, home depot on the earnings per share coming at 2. 53 a share, that is one penny better than the estimate but revenue just a hair short, estimate for 27. 53 billion coming to 27. 2 billion, lets not forget home depot lowered guidance in last Earnings Report and reaffirming that, same store sa
On whether to support the impeachment inquiry against President Trump. Lets get you started with a quick check of the markets. We are seeing u. S. Futures Holding Steady after the s p 500 closed at a record high, taking out its july alltime high. We had trade optimism with President Trump signaling the signing of a deal may be ahead of schedule. At the same time, a heavy week for earnings. More than 160 Companies Reporting this week, about a third of the s p 500 companies. 80 of the around 200 companies that reported have beat analyst estimates. We have tech and also communication stocks leading the s p 500. Today, the nasdaq gained 44th consecutive session. The Energy Sector weighing on the energy. Wti crude falling for five days after we have had signs of u. S. Stockpiles expanding. To see how things are shaping up for asia, sophie. Sophie the stock rallys look set to continue in asia. Aussie futures approaching record highs. Valuations in the region. Singaporeth korea and with a str
Indonesia rattles the nickel market. We will bring you Investor Insights from the top analyst in sydney. Markets gaining ground for the past six sessions. Lets turn to sophie. Green shoots for aussie shares after the best winning streak since may. This after Growth Stocks led gains on monday. We are seeing the backup and aussie yields, with the rise across the curve. The rba governor will give a speech today ahead of the policy decision. Ahead of fed and boj decisions,. He yen on the back foot flat, seeing futures waiting for signals from governor kuroda. A sense of overheating for japanese stocks, earnings making that trickier. We just got word on earnings, from thoseumbers reporting. , a fifth of firms will deliver the report cards ahead of the deadline by the end of the month. Lets head to new york for first word news. Thanks. Boris johnson will try tuesday to give parliament to allow an early election, after failing on monday to get the majority needed to push it through. He says h
Up 3. 6 . That was widely expected as we see more risk out there but unchanged, the central bank in china offering little relief to bond traders. Last week, massive cash injections. Yields are probably here to stay a bit longer. The mainland mod market having a solid year but quite a few headwinds could keep it under pressure. Phase one trade will looking like it could be signed. That should bolster the Economic Outlook after thirdquarter gdp averted a print below the 6 level. We got chinas new order supported by market stimulus. Boost if trade tensions ease with regard to that. 1. 85 on the treasury 10year. That is the position we find ourselves in. Su keenan is in new york with first word news. Su we start with boris johnson. The Prime Minister is going to try again on tuesday to get parliament to allow an early election after failing on monday to get the two thirds majority needed to push it through. Johnson says he will present a similar version of the legislature which will pose a