Time to pause before any more likely action. Allthere are big names topping earnings estimates. Shery will have an exclusive interview with facebook coo Sheryl Sandberg in about 20 minutes. Lets get you started with a quick check of the markets. U. S. Futures unchanged at the moment, slightly higher after finishing the regular session. Following a 1. 2 session low center chile announced they would be canceling the apec summit for the u. S. And china intending to sign that partial trade deal. During the presser Jerome Powell said the fed was nowhere near contemplating rate hikes again in the near future, so we had the nasdaq gaining. 3 in the dow also outperforming. Her positive news coming from johnson johnson, and that boosting the dow. It was critical come that interpretation of jay powell saying there would not be fed rate hikes in the future as long as inflation remains sufficiently low. Were set for moderate gains after the u. S. Hit fresh record highs following on the back of fed
What we have seen a few days ago. Aude up by over 1 despite cut in the outlook for global oil demand, yet still see i still seeing some kind of rally in place. We bring you this mornings market moving news from all around the world. Joining us is bloombergs enda leon, emmanando good chandra, and michael mckee. Walk us through what we learned from the inflation front. Enda we had refractory data that should inflation in threed, the first years. It suggests factories in china are heading into deflationary territory. That is a clear negative for profits, and it will make it much harder to repay debt. To take away from the inflation numbers, even if there was a bit of a tick higher in the consumer side, the ppi was the one to watch. All indications are that the central bank of china has more work to do and will probably have to bring down Interest Rates over the coming months. Alix and tricky work, too. On the flipside, we have the next tit for tat in the u. S. China trade war. How is the
Falling back below 2 . As i said, the s p 500s essentially flat at this moment. The dows just lower the nasdaq down 0. 1 the russell looks down a full percent as regional banks down almost 2 . Joining us for the hour today to break down the Market Action is steve grasso from stuart frankel. Great to have you with us. Good to be here whats your take on this sort of softish session only a day or so after great positive trade news . You have a holiday week, so you have a shortened, abbreviated week you have people looking for either you had a rebalance on friday, you had end of quarter, end of month, end of week. People are starting to take a big, deep breath in. Seeing where they want to reassess, and and redistribute their Equity Holdings its all about the fed people are on fed watch right now. Thats really the only thing that is taking up the brain of a lot of the Market Participants right now. Even though trade is all over the headlines, its still fed. Fed still cut, but the trade tru
Cooler numbers marks the fed has reached the end of the hiking cycle. And siemens has a net quarter loss the ceo tells cnbc it will take years to work through the challenges keep in mind the charges are provisions for the future. We expect this over the next year to evolve and it will take us twotothree years to work through this of and berkshire jumps to 150 billion with Warren Buffett posting a 7 rise with chevron paying off for the oracle of omaha. Very warm welcome to street signs and special because it is the first time in over a month were back together. We calculated it. Five weeks we havent done the show together. I missed you. I missed the show. It feels good with that, i guess we should talk about aramco. A hard pivot. Lets get to it. The earnings do continue to roll in this time from aramco with 40 plunge in Second Quarter net profits with low oil prices with refining and chemical margins. Dan has been pouring through the numbers. Dan joins us now dan, it looks as aramco wea
, one of the three softer currencies against the dollar. I wanted to follow the tech selloff. Nasdaq futures are down again. 7 . We have seen that industry continue. Lets get an update and wants making headlines. Emma chandra is here. Am it there is a turn in the tax bill debate and Republican Leaders are scrambling to save the bill. Mitch mcconnell sent lawmakers home last night. They are looking to offset the cost of the measure. While republicans are asking the tax cut not drive up the nations debt. The price of oil is rising after opec will keep production curbs in place. Libya and nigeria have joined the agreement. Opec and allies like russia are trying to reduce global stockpiles. Oil prices are up 20 since september. Parties on both sides of the irish border issued are refusing to compromise. They are trying to deal with the hard border. The eu will not let trade talks continue until there is an agreement. Global news 24 hours a day powered by more than 2600 journalists and anal