They push back against the newly imposed mask ban it is monday, october 7th, and Worldwide Exchange begins right now. Well, good morning, good afternoon or good evening are and welcome from wherever in the world you may be watching. Im Brian Sullivan happy monday thanks for joining us. Here is how your money, markets and Global Markets are looking dow futures are indicating that the markets will drop 136 points right now at the open. Remember, what we have seen at 5 00 a. M. Is that this trend tends to get magnified unless w see big data points that change it around. Not saying things will get worse but we have seen this tend to accelerate as the traders come into their desks in new york now in bond, no big Economic Data out today later on this week, yes. And no earnings out today but of course the big earning season hard to believe already kicks off next week. Right around the world you had china and hong kong closed for a National Holiday the japanese market down fractionally. 16 of 1 and south korean economy rose and australian as well in europe, not a major trend that we are seeing anywhere overseas yeah, theres a lot of red but the numbers there are quite small. So, theres your set up. Lets get to the news and begin, where else, with trade and the likely reason why futures are pointing to a lower open chinese officials are report lid growing hesitant to pursue a broad trade deal with the United States as talks are set to resume this week the chinese vice premier who will lead negotiations for his country is telling dignitaries his offer to the United States will apparently not include commitments on reforming chinas industrial policy or government subsidies. Remember, these are among the Trump Administrations main demands in the trade talks now, if that report is accurate, this is viewed as a big setback and the markets, as you noticed, are reflecting it. Trade talks are not the only thing on this calendar this week expect new comments from fed chairman jay powell and minutes from the fed meeting joining me to talk about that direction managing director dave maza ill join you on set in just one minute overall, what kinds of moves have you seeing your clients make right now at direction in. Its really interesting we know headlines you just went through trade talks. Were beginning to see a lot of interesting moves setting up for the 2020 election. In particular in area Like Health Care and bio tech as we know is getting a lot of attention as Elizabeth Warren is gaining in the polls but were seeing traders engage on both sides. Both our leverage bully tf and bearry tf. What are they doing in particular buying bio tech theyre moving away from Bigger Health names. A lot of potential impact for getting out of big fapharma correct bio tech is riskier area in the health care space. Its a bit insulated from some of the areas like you see with big pharma were seeing again activity there, moving away from the bigger space and moving into some of the smaller bio tech names. Theyre placing bets that bio tech in the near term will go up. 2020 election is sometime away theres a lot of room to run but what this is telling me is that even with all the headlines that we see, some of the negative Economic Data last week the concerns of recession, people are starting to see through that and seeing especially if theyre in the trading community, beginning to start placing some bets, placing some areas that might actually do well regardless of the outcome of what trade talks might be. When you look at the macro picture, the bigger etfs the more broad market etfs are people becoming more negative on the overall market or staying long and strong . The marketplace feels long and strong but its more been climbing a wall of worry weve been this fat trading range from august. We expect that to continue to be the case so we have seen investors be more defensive and begin to pick their spots whether thats an industry like bio tech or in other cases more defensive type companies. We have been really in a trading range for the last 18 months if you obviously december skewed everything. Yes. December didnt exist, wouldnt that be nice, if december didnt exist, the markets would be solidly higher. Were actually basically with the s p and the nasdaq effectively where we were a year, year and a half ago. Thats exactly right. So the trend that we have been in, again f you exclude the kind of draw down we saw in q4 has been almost flat slightly positive and theres been big divergences of areas that have done well look at the year over year performances utility is the best performing sector you never think that you continue to think its tech and the areas get a lot of attention. That tells you something even though markets have been going up and going up pretty well, its been led by the bond proxy, the most defensive area so investors can still have opportunities to actually. Hey, dave, utilities would outperform netflix, you have to lay off the hooch because you have been drinking but guess, that person is right. Exactly right. Have a great week. Thank you. Your other big story on monday, deterioration of the contract talks in detroit. General motors talks now entering its fourth week the two sides appear to be farther apart than ever before Contessa Brewer more on this story. Day 22 of this strike uaw Vice President sent a letter to members yesterday informing them the union presented a proposal to gm this weekend. Gm reverted back to an offer that had already been rejected it says the offer did not address a host of items such as product commitments for u. S. Factories and job security he says the uaw could not be more disappointed with gm and after making some progress on important issues the company has shown an unwillingness to pay its Union Workers fairly in a statement, gm says it continues to negotiate in good faith with the uaw and is committed to talking around the clock to resolve the contract dispute. The negotiated press reports the uaw has voiced concerns about gm increasing production in mexico where it builds two suvs and pickup trucks and small cars 20 are made in mexico gm u. S. Factories have been shut down since the union walked out and the company is losing more than 80 million a day and workers are getting 250 a week in strike pay a fifth of what they normally earn it really boils down to this longterm job security about where jobs are, brian. The company says it would invest 7 billion in plants in the u. S. But still wants flexibility to move plants around where they see fit. The workers may not be unionize ord feel the protections that they once had certainly in michigan and ohio and those places. Yeah. Youre right, brian. Contessa, thank you very much. When we come back on this monday morning, tensions rising again over the weekend in hong kong protesters pushing back against emergency measures against Wearing Masks. Later, a lesson in leadership how tim cook is saving apple from the trade war and using his personal ties to the white house to do it but first, that trade war hitting americas heartland right where it hurts in the heartland is where we find our Frank Holland early this monday morning. Frank. Reporter good morning, brian. Were in the quad cities area where normally farmers would have spent the last few weeks working their fields and probably buying some new equipment. Instead theyre talking about weather and the on going trade war. Well explain how thats ke octing john deere and other marsf Farm Machinery on Worldwide Exchange. So servicenow put your workflows in the cloud, huh . Mmhm. Your employees must love you. Thank you. Ah, you could say that. So how are things with you guys . Great. Thank you. Thank you, sir. Lunch next week . Terrific. Say hi to the team. Will do. Call my office, i will. Sounds good. Alrighty. Servicenow. Works for you. Welcome back and good morning. We talk about stocks on cnbc, its not just wall street feeling the pinch of the on going u. S. china trade war farmer and companies in americas heartland getting the squeeze. And by the way, some rough weather not helping things either Frank Holland joining us from east moline, illinois. Good morning, frank. Reporter good morning, brian. Farm machinery shipments total 22 billion, bill number, but thats an 18 decline from 2014 and major manufacturers like the iconic john deere are feeling the impact deere says its Agriculture Division is down 6 and announced layoffs here at the factory where it makes farm equipment. Cat pillar saying those sales are down for the first half of the year now wet weather here in the midwest, flooding and rain a big factor also the on going trade war. Weve been talking to farmers here in the quad cities like phil four, a six generation farmer whose cash crop is soy beans and he owns 20 pieces of deere equipment, he says hes holding back on buying or financing any new equipment this season im just trying to take a wait and see attitude, maintain the old equipment and then if times improve well roll in to some newer tractors or combines. Weve backed off on any capital purchases of anything very high dollar well postpone anything in the future for probably a full year, probably two years out and just maintain the line that we now have reporter and brian, the willingness of farmers to make big Capital Investments like buying tractors and combines, well thats plummeted over the last three months. According to the agricultural barometer, coming up on thursday, well get a better reading of just how bad the situation is for these farm machine makers the numbers will come out coincidentally on thursday the same day that u. S. china trade talks resume back over to you. Frank, are there any other factors that might make farmers feel a little more confident about buying new equipment right now . Reporter yeah, brian absolutely we talked to these farmers they say a more optimistic hog forecast over in china the hogs over in china the herd is down about 50 this year because of african swine fever in china, they buy a lot of soy beans and a lot of corn to use as hog feed. That situation can turn around, these farmers will buy a lot better about buying the tractors and combines. Its pork that saves the day once again Frank Holland in east moline, illinois thanks for being there see you soon. Thank you, brian. Still on deck, another shoe dropping in the impeachment inquiry into President Trump and the now infamous ukraine phone call. Later, no ice, no glass, no bitters, no problem. The latest high end whiskey craze that apparently is sweeping somewhere well tell you about it. Its a little weird. 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There in hong kong as you can see dusk beginning to set in it certainly looks peaceful from a distance but over the weekend, inside hong kong, there was no sign of peace. Protesters defying government bans about Wearing Masks over the weekend. Prodemocracy demonstrators turned out by the tens of thousands. Many hid their faces and they were met with tear gas there were no obvious signs of violence against police, but many protesters ignored the gas, dousing them with water or tossing them right back at the Police Hong Kong leaders had invoked colonial era Emergency Powers to threaten protesters with up to a year in prison if they hid their faces. Police say they were participating in unlawful assemblies and warned protesters to leave immediately or face what they call dispersal operations on deck, fear overtaking greed. How Investors Sentiment about ipo could be a game changer for the markets going forward. 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Good morning, washington, d. C. Sun not up yet. Well, a secondwhistleblower is now coming forward with new details on President Trumps dealings with ukraine this time with apparent firsthand knowledge of the allegations. Nbcs tracie potts joining us now with more from washington. Good morning, tracie. Brian, good morning that could be the key here in fact, it could be a game changer in this impeachment inquiry if, in fact, the second person has his or her own knowledge of what was said on that phone call between President Trump and ukraines leader reporter an attorney for the original whistleblower now claims to represent a second person with firsthand knowledge of the phone call where President Trump allegedly pressured ukraine to investigate joe biden. Why should i care at all what his opinion or judgment of this transcript is. You and i can read it. Reporter the white house says it doesnt matter how many people decide to call themselves whistleblowers, it doesnt change the fact that he, President Trump, has done nothing wrong. The president tweets this new whistleblower also has secondhand information. Democrats insist theres evidence to support the original complaint. The whistleblower complaint has been corroborated by information in the Public Domain every step of the way. This is as serious as it gets. Reporter four current around former state Department Officials will tell their stories to congress including the European Union ambassador implicated in Text Messages released last week. What i certainly hope to hear is how he can explain his behavior in pressing the new ukrainian president to do something of such a sort of nature. Reporter his deposition is set for tuesday. Meantime, were continuing to follow whats happening with this second whistleblower, brian. Turns out the second whistleblower is not expected to file a separate complaint. Wrapped into that one complaint i would imagine. Tracie potts in washington, d. C. Tracie, thank you very much. So lets get a check on this mornings other top headlines outside of the world of money and business and get you set up for the news day nbcs Francis Rivera with those. Good morning. We start with breaking news overnight. Police arrested one of the two suspects that left four dead in the kansas city bar. They first responded to a fight at tequila kc and mass shooting just after last call sunday morning. Four people were killed and five others were wounded. One suspect is in custody and police are still searching for the second. In a major policy shift, turkey is moving forward with a military operation in syria. Turkish military convoys have been bringing troops and equipment inside the countrys northern region. The white house says the u. S. Will not be involved more than 1,000 u. S. Troops are deployed in northeastern syria and work with kurdish troops against isis its now up to turkey to figure out what to do with isis fighters that have been captured in the area. President trump spoke to the turkish president about establishing a safe zone east of the ewe frats river. Celebrities including oprah winfrey, bhoopky goldberg and many more celebrated the grand opening of tyler perrys new production studio in atlanta brian, for a monday morning, those are your headlines. Everybody is moving south and west except for us apparently francis. Thank you very much. Coming up, an upgrade for uber just crossing the desk. Well tell you who and by how much coming up. Plus, how tim cook won the ear and the support of one mr. President trump. Those stories and more on Worldwide Exchange. Make natures bounty hair skin and nails step one. Its the number one brand uniquely formulated for silky hair, glowing skin and healthy nails. Natures bounty, because youre better off healthy. 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