Horrible overnight we dont suddenly doubt the entire edifice of a strong consumer only, only on halloween would anyone accept a trick that were about to go into recession because of weak numbers and more negative trade talk rather than the treat of good earnings and low Interest Rates on days like today when we get some soft manufacturing data, we do believe the worst is yet to come, something that may be exacerbated by the trade stalemate. The nasdaq was down 0. 14 . At one point the market was down far more than that i think its a big mistake to panic here and not just because no one ever made a dime panicking. See, the truth is nothing we heard today should come as much of a surprise to you if youre a watcher of the show. Thats because for months ive been telling you that we have two economies in this country. There is the consumer economy, which is red hot, as well hear later in the show when we talk to a couple of companies, and then the industrial economy which is weak and in man
Record sales for the most valuable company. And boeings billions, it is taking a 5 billion hit in the Second Quarter due to the worldwide grounding of what was its bestselling plane ever. And rate cut optimism. Stocks on track to open higher but on pace for worst week since may. Microsoft on track to open at a record high, market cap above a trillion dollars Quarterly Results beat expectations on cloud strength here is nadella on last nights Conference Call. Our commercial Cloud Business is the largest in the world, surpassing 38 billion in revenue for the year with growth margin expanding to 63 . Im proud of what we have accomplished over the last 12 months, and im energized by the tremendous opportunity ahead every day we work alongside our customers to help them build their own digital capability, creating new businesses with them, innovating with them and earning their trust. Cloud is a third of revenue and after at t they had quite the week. Yeah. I did something i never do i list
Tariffs yet. China and the u. S. Reach a truce and stocks are set to surge at the open we do have those new records within striking distance plus, President Trump easing restrictions on u. S. Companies from selling products to, of course, the Chinese Telecom giant Huawei Semiconductor stocks are rallying sharply ahead of the bell on that news. And oil prices, well, theyre up, this after russia and saudi arabia agree to extend opecs deal to cut Oil Production by another 6 to 9 months. Stocks rising around the globe the s p 500 poised to open at a record high after the u. S. And china agree to resume trade talks. President donald trump offered concessions to his chinese counterpart xi jinping over the weekend, when they met at the sidelines of the g20 summit in japan. They include no new tariffs, and an easing of restrictions on the Huge Technology Telecom Company huawei china did agree to make what are unspecified new purchases of u. S. Farm products and return to the negotiating table.
Overseas appreciation of being on stage. I think he had this fear of getting older, being relevant, and then it got out of hand. Was nothing more than a few miners and railroad man trying to scratch out a living on this harsh on yielding Nevada Desert but even amid the hardship, there were glimmers of what the city would one day become the ultimate place to work. Las vegas, nevada vegas is always marketed itself on its not enos of course, within legal constraints. Well, sometimes illegal no one knows gambling better than Organized Crime actually, vegas became the entertain Net Capital Two of the world. Say as long as were all here together when we have a drink the content of that town, what has to offer . You cant beat that. Every song would become visual show. Every song will be like an adventure, like an experience. To be a Headliner On His Vegas thats what im wonderin g whether youre driving into laws or youre flying into los but you see it. It glow when i think about the las vegas
New ideas. And a lot of heart. Maybe you two can be a champion for change. Im dr. Sanjay gupta thanks for watching welcome to all of you. Watching us here in the states, canada, and all around the world. Im kim brynn this is cnn Newsroom A Key member of israeli Prime Minister Benjamin Netanyahus war cabinet threatens to resign. What it could mean for netanyahus hold on. Power concerns over President Joe Bidens Commencement Address at the Historically Black Morehouse College in atlanta, because he tries to court and Important Group of voters. How will his views on the israelhamas war play into the tripp and there is no body camera video available of the arrest of pro golfer Scottie Scheffler. What police are saying about why live from atlanta . This is cnn newsroom with Kim Brune Hoover with the Israeli Military now fighting in parts of gaza. They previously cleared and ceasefire negotiations stalled. Benjamin netanyahu was facing a new problem. A key member of his war cabinet has deliv