Mornings with maria begins right now. Maria wall street journal Wealth Management reporter, secret of wealthy womens podcast veronica. Weve got the update too, mark cubans mavericks lost to knicks. Im coming back, we are getting the revenge game, yeah, he didnt do it, so. Maria it was close, though, i looked at the score in the middle of the night just to check it, just a point between them and then it went. The knicks won. Im sure mark cuban has a lot to say about that this morning. That was tough. Phase one deal, theres a lot of debate about that i just want to say the chinese yesterday were going to buy agriculture and the u. S. Side does not want to take away tariff increases planned in december, having said that, larry kudlow said they are close. The president is looking at it and the s p hit record territory. White house economic adviser larry kudlow says talks are in final stages but President Trump not quite ready to sign it yet. We have october retail sales coming out in 2 and
Official think lowering to a negative rate will not provoke a backlash. Attention on the trade war. The deficit seen widening last month. Lets get a quick check of asian futures right now. In japan we got the nikkei futures pointing modestly higher. A similar story and south korea. While here in australia we have got futures pointing higher. New zealand been trading for an hour now. Not a great deal of action to report. Paul shery ahn u. S. Futures not doing much of the moment. After stocks drifted throughout the session, and then we had a slight uptick for the s p 500 to gain. 3 . We have consumer shares rounding and Energy Stocks were some of the big losers. Losing a lot of ground after that huge surge we saw a 15 for crude monday and continuing to fall below 60 a barrel. We also have banks underperforming. Ahead of thatll fed Rate Decision on. Wednesday ahead of that, we are now seeing the money markets and turmoil. Take a look at this chart on the bloomberg. We saw the rates surge
Up as opposed to a year ago. The president ripping china saying they cannot be trusted as trade talks resume in shanghai stocks are set to open lower g and p beats. And beyond meat tumbling a long tweet this the president hoping to weigh on futures today, quote, china is doing very badly, worst day that is the problem with china they just dont come through goes on to say, jim, if and when i win the election, a deal will be much tougher for them to get. Yeah. I have been saying the notion, that narrative that navarro was out or is not important is dead wrong. I interviewed the president back this the mid 20 0s he really felt that china was getting free ride. This is the china, no business, where is the soy bean buy, the machinery buy . It is outrageous that they agreed and they did nothing. I think the president s view this is what i was worried about. The president s view is we are going to put tariffs on 320 billion and if they start to play ball we will cut them rom reagan like. He h
On a secondary Stock Offering by the company. Beyond is on track for its secondworst day ever. Its worst day was back on june 11th, when it went down more than 25 in volatile trade the secondary offer is for 3. 25 million shares 3 million will be sold by current shareholdered while 250,000 will be offered by the company. A regulatory filing chose that Ceo Ethan Brown plans to share more than 38,000 shares which could net him 38. 7 million. Theyll use the proceeds for expanding supply and marketing some believe that could lead to further Short Interest in the stock, because it could cut borrowing rates. But the bulls say the offering could be a positive for the company if the shares end up in sticky hands this as the companys actual results were fairly strong beyond raised its yearly revenue guidance from 210 million to 240 million it attributed its quarterly revenue beat to new partnerships and increased demand from existing customers despite the stock taking a hit, many analysts also
Dow fell about 150 points as President Trump says this morning theres no trade deal with china just yet. Shares of p g, Procter Gamble, up 4 after its Earnings Report. This is a record high for this stock. Well have much hoar on that later on thank you very much with the dow just above 27,000, the president this morning saying we would be 10,000 points higher at 37,000 on the dow if not for the feds actions. So with 24 hours to go until the fed decision, we know the president would give jay powell an f for his performance as fed chair, but how did chair powell do in the cnbc fed survey . Mr. Liesman knows. Steve. Yeah, im not doing the grading. Our panelists. About 40 or so economists and fund mangers in the survey, giving powell a bminus. You can see how this compares with the final grade of yellen, a bplus, and bernanke at a straight b and you know what, powell had to navigate hikingerates and then going to hold and then going to what looks like a cutting modality here, mode for the