President and not their dictator who offers commentator on how its going, note of optimism, he note that they would retaliate if the United States wants to wage a trade war, i dont know, there was a bloomberg report that lee ho, reformer, trade negotiator expressing optimism, as you said, weve been hearing this a lot for what seems many, many months, years, but maria sure has, take the tariffs off the table or we will not buy the 50 billion in ag products. The warning comes with i want to do a phase 1 deal. I think what james alluded to, this is the longest soap opera now since general hospital. [laughter] thats positive, oh, but we have to do this, i actually see the ball having not moved forward at all. I think this is just more negotiations, i hope this gets resolved in 2020, if not, here is the great thing, the markets have seemed to have been inoculated, the markets are doing great in the absence of anything happening. Dagen in absence of escalation. Yes. Dagen again, President Tr
Day of november on the backs of home depot and kohls, both tumbling after cutting outlooks and comps forecast. The record rally for stocks, it rolls on. Futures as you saw pointing to renewed all time highs at the open and vaping crackdown. California suing juul for marketing to teens new york set to make a socalled major announcement of their own later today. Well start with retail, though, home depot shares down on the premarket, earnings did beat but sales missed and company cuts the full year outlook saying integration is not delivering as quickly as they thought. Kohls tumbling on weaker guidance i was curious to hear you say a moment ago that lowes is getting to be the better buy because well see that print tomorrow. Yes i have to tell you, i think Marvin Ellison energized the place. One thing that happened was that lowes fell behind home depot technologically. They didnt have the systems that is no longer the case as Marvin Ellison rolls out technology at every single lowes, and
Because stocks may be barely moving but as joe was saying, bonds are moving in a big way. 10 year yield and treasury note back to october. While stocks are drifting on these record highs, we have a big rally for bonds. , a big bond bull says if it goes beyond this trendline in yellow, you would continue to see bonds selloff. Bondecent pullback for yields, it is right on that line. Stillnow, this chart may point to a move higher for yields. Mike who says there is no yield left to be found anywhere . Check out this Exchange Traded fund, an etf that tracks limited partnerships in the energy spaces. It has really gotten hammered since its high. Caused the yield to jump above 10 for the First Time Since 2019. Reducedan etf that has payouts pretty significantly, almost 9 over the past three years. Still, that double digit yield proves to be a good entry point. Hit int time it was 2018. The caveat in 2017, when oil prices dipped. The yield was above 20 . Taylor, obviously, whether this 10 yie
Considers a doordash considers a listing instead of an ipo. We will hear from qualcomm Ceo Steve Mollenkopf on the race to 5g. Climbing to a record even as the dow sank following disappointing reports from retailers. Some big tech names leading the way on nasdaq were facebook, broadcom, and tesla. Reports that u. S. And chinese negotiators may link the size of tariff rollbacks to terms set during talks in may. I went head over to new york where Bloomberg Cross asset reporter Sarah Ponczek is standing by. Are we ignoring the trade headlines . Sarah i dont know if we are completely ignoring the trade headlines, at least the good ones. That the u. S. Is softening its stance, that did engage in negative outlook. , ae a day like yesterday bureau chief from cnbc noted that the tone in china is pessimistic. They were unfortunately seeing that the u. S. Was not going to rollback those tariffs. Focused on stimulating their economy. 500 Information Technology index hit a new high, apple hit a. T
Sell his mansion in beverly hills, l cal california. It seems he doesnt need any help with a broker to list it. Its monday, october 14th. Fbn a. M. Starts right now. Roman catholic choirs are singing. Lauren tracee welcome to fbn a. M. Im tracee carrasco. Lauren good morning. Im lauren simonetti. How was your weekend. Tracee it was great. Lets take a look at how your money is moving this morning. Futures this morning flat, after fridays rally. You can see all three major averages pointing to slightly he lower. The s p 500 is down by 1, nasdaq down by 6 points. Lauren that of course after the partial trade deal between the u. S. And china. That boosted stocks in china. The shanghai composite up 1. 1 , the other markets higher as well, even though we got new trade numbers out of beijing, they continue to weaken. Tracee and that data out of china weakening what were looking at in europe right now, also investors watching brexit very closely. The ftse is down by 32, cac down by 32 as well.