Move and letse1 get a check on where we stand with the markets on this first trading day of september. The dow is sinking, but just off the lowse of the session. R the s p 500 and nasdaq also under pressure the trade sensitive small caps are down by almost 2 right now, and take a look a shares of boeing the big loser today. The stock down nearly 4 oncons that new e1delays could keep it grounded through the travel season okthanks. As new tariffs kick in, President Trump is warning china to make a deal now or else it will get tougher after he gets reelected lets get to Kayla Tausche with the latest on these trade tensions kayla. That warning this morning comes as no date is set for the next round of talks between the u. S. And china and after a call thursday where china said it was making progress onw halting fentanyl shipments and asked u. S. Officials for relief on tariffs. President trump plowingi aheadn the tariffs on sunday, on 112 billion in chinese goods followed by retaliati
Levels last week. Joe at one point, the nasdaq down 4 . Up. Ine some stocks are tyson foods, people still eating chicken out there. 5 . Joe real meat. Romaine not the alternative. Scarlet tyson foods up 5 . Jacobs engineering gaining 1. 7 . Lets dive deeper into the marker and into the market action. Luke i like to add a little size and scope to what we are selloff, terms of china. Collection of companies they put together, the median stock has 22 of the revenues. 33 of the basket is capped at tech. The worst trade war related selloff we have had yet. Stocks with a lot of u. S. Exposure have been doing better than the u. S. Wants. Scarlet intraday, the Wti Crude Oil is sliding today along with its peers. This situation had been sparking a flight from risk assets, unsurprisingly. The bt isolated to near vdi wti slid. Lossesd some of the after a drop at the main storage hub persisted. The dispute between the top two economies in the world is going to hurt demand. Weaken stokedyuan fears
Indicate damage to ammunition depots. In addition, there are many Industrial Enterprises in dnepropetrovsk that are used in the interests of the armed forces of ukraine. Let me remind you that our army carries out precision strikes on targets associated with the Ukrainian Military industry, in response to kievs attempts to attack russian energy. Well, then personnel from the ministry of defense, crews of su34 fighter bombers destroyed command posts and enemy manpower in the southern donetsk direction. The strike was on. And more footage of a powerful arrival at enemy positions, this is the kharkov region, the settlement of liptsy, an enemy point there was destroyed, where ukrainian militants and foreign mercenaries were stationed, our operationaltactical aviation struck, the target was destroyed. More news from the ministry of defense, ours troops continue their gradual advance over donetsk. Control, as a result of active hostilities, more advantageous positions were occupied in the ar
Jpmorgan, citi, wells fargo, they all reported earnings. All appear to have been fairly strong. Were going to break down the quarters. Plus blackrock now managing nearly 10. 5 trillion in assets. Were joined exclusively by chairman and ceo larry fink. That will be later this hour. Were also watching the semis this morning. Qualcomm, intel, amd and nvidia all moving lower ahead of the open. China reportedly telling its Telecom Carriers to phase out foreign chips. I want to start with the banks and the downturn in the market as well. Earnings season kicks off with the likes of jpmorgan and wells fargo and citi, for example. Mike, id love to just turn to you quickly, just get a sense on the market as well. Yeah. Its been an interesting day yesterday with that move up in apple shares, particularly, as the day went on. Obviously, moved the nasdaq appreciably higher. What do we think is behind some of the weakness were seeing beyond these bank earnings, which, at the worst, are a mixed pictu
Stitch fix is having its first trading day doing, well lets see, it started out higher it did dip below the 15 ipo price. Its just above that level right now. Does the Subscription Service have ha what it takes to take on amazon a you know there are 2,000 companies in the same business essentially. Im shocked that its that high, actually. Birch box does makeup, and my favorite is the one called bark box for your dog they send treats and other fun things each month. Sounds like its right up your alley i guess President Trump said that he was focused on fair and reciprocal trade in asia during his trip overseas. Larry kudlow is going to weigh in on what that could mean for wall street. And whether investors should be concerned. Larrys not real hes not exactly seeing eye to eye with the president on trade issues ri right now. Thats for sure. We begin today with media merger talks heating up, sources saying comcast and 21st century fox, some of foxs assets and the cable giant, comcast, may