Here it is, word for word, quote, trump says china may or may not keep the trade deal, end quote. That sent stocks into the close. Check out the move on the nasdaq, for instance it was up big for most of the day and the sharp slide in the final moments of trade ditto for the s p 500. So guy adami, is china back in play here . Is this the next big risk factor for the markets . Yes, and before i get into great detail, i have to wish tim seymour, as he power pitches today, a very happy birthday just wanted to get that out. Happy birthday, tim seymour what was that very kind thank you. Yeah. I absolutely think this is a big deal and we started talking about it last week, and not in terms of their trade deal or where theyre going to keep their end of the bargain and in terms of some of the rhetoric coming out of the Trump Administration what im commenting is the rhetoric seems to be getting louder and in no way, shape or form is that market bullish especially given the fact that the markets
Vast majority of caucus members and my guess is a lot of other members as well. Maria president trying to make it shut down this morning as he attends the National Prayer for us to washington. We will bring you his remarks live at 8 00 a. M. Eastern. Join us for the National Prayer breakfast this morning. The political turmoil. Take a look at yesterdays performance. Things calm down before the close for the dow still traded better than 500 points after the 20point decline yesterday we are looking at another decline at the start of trading this morning. 75 points lower right now. Three points on the nasdaq and seven a quarter quarter lower in the s p 500. A big day for earnings among the top names. Cvs, kellogg and viacom for the big one we watched this morning, twitter up 14 cents per share. We bring you those numbers as soon as they come and for the quarter of three quarters of 1 . Europe this morning stocks are lower. Down almost 1 as was the cac and the dax and germany done better t
Out my myspace page. Power lunch begins right now and welcome to power lunch. Im melissa lee. The dow and s p both hitting records. Neither had back to back losses so far in 2018 all three major averages on track for a fouj straight positive week and on pace for the biggest monthly gain since october of 2013. And 3m and intel soaring and dividend hike. Well check out the other movers colgate is down. Revenue falling short. Honeywell is higher on the earning by 1 . The company also raising the outlook in starbucks, down 6 revenue missing forecast sales growth expected to come in at the low end of the prior 2018 forecast thank you very much. Welcome, im Tyler Mathisen and get you up to date shares of wynn tanking now down 7 on the reports of Sexual Misconduct by the ceo and founder steve wynn the wall street journal reporting dozens of people coming forward, more on this developing story ahead us economy growing steadily in the Fourth Quarter of last year but losing steam from the summer
Gains and losses for much of the day before surging in the final hour of trading. The dow travelled 5500 points in total when you add up all the moves. With yesterdays rally the dow and nasdaq recovered about half of mondays losses show you whats happening in asia. S generally improved asian markets were mixed, flat hang seng lower by almost 1 shanghai off by 1. 2 europe this morning, positive across the board gains of a half percent generally. Lets go show you whats going on with the yields which has been so interesting in the wake of that wage data on friday the 30year is yielding 3. 03 . Tenyear note at 2. 7 2. 76 we had gotten up to 2. 88 on monday that led to a lot of selling its a key level well talk a lot about as we move through the morning. Fiveyear note at 2. 49 the twoyear at 2. 0. Well have more on the markets as you can imagine in just a moment we have also a breaking Corporate News story making a lot of waves steve wynn is now officially out as ceo of his Company Followin
Ireland are lobbying for more a flexible approach and many eu officials believe the transition will be extended because the u. K. Will not be able to get the kind of trade deal it wants and three years. The kenyan Opposition Party has released authentic electro and results showing Election Results saying is leader won the august votes. The Electoral Commission called the announcement a desperate effort to create a nonexistent reality. Opposition leaders are preparing to hold the socalled inauguration next week of their candidate and protest of the real threat of the current president. Global news 24 hours a day, powered by more than 2700 journalist and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Noon in new york at 5 00 p. M. In london. I am vonnie quinn. Shery i am shery ahn. Welcome to bloomberg markets. Vonnie from bloomberg World Headquarters in new york, here are the top stories we are following. Latin America Political calendar hot as Nine Countrie