We are going to go straight to the white house when the News Conference happens. Meantime, talking about the magnetic pull. Yes, wall street charts are all over the place. Right now the downside is winning out. We have stocks sinking deeper into the red. Dow jones industrials down 264. Look at the nasdaq, down 155. But major swings here. We are watching this market very closely because we have been well into the green earlier. Meanwhile, the economic cold war with china still simmering as the Trump Administrations deadline for a tiktok deal is now five days away. The u. S. Ambassador to the United Nations is here in a fox business exclusive. She will share her insight on the china issues, the Russian Election interference and the iran nuclear deal. Again, this is a fox business exclusive. By the way, bridgewater, big hedge fund, ray dalio just made comments before the new York Economic Club about china as an investment. I will let you know what he said. Get your bets in. The nfl kicks
Wells fargo a bad day as they put up a disappointing quarter. The first loss since 2008 and they cut their dividend from . 10 from . 21. A choppy day in a choppy time. David we are also getting mixed messages about the coronavirus. Yesterday it seemed like the news coming out of california may have triggered some of that happening. Why would that hit the faang . I thought if we had more coronavirus we like the faang better because we have to use it more from home . Abigail i think the two are a bit separate. The news out of california did take stocks lower, but the faang started to turn lower earlier. Au have these stocks up in huge way because of the stayathome element. Also these Companies Put up great quarters in april. We are into the earnings season now. We will be curious to see how they have fared over last three months. There is Something Interesting also ahead later this month. , jeffe the ceos of amazon bezos, Mark Zuckerberg of testifiedand alphabet before Congress Later thi
Plus and russia signaled they want to try to cut output to help restore some balance going on at least on the supplyside of things. So crude of course having a pretty good start to the second quarter. I do want to flip up the board and fold it over into some analysis we heard from muhammad el 5 arian between the risks of the high yield market and investment bond market. He said beware of fallen angels. Theres a risk of some of these triple credits being downgraded to junk. One of the biggest risks is it spikes way above the feds tolerance. You buy what the fed is buying but becareful of these fallen angels and we saw just a slew of those in the last week and i think strategists are arguing it really could get a lot worse from here. David . 12340e9 taylor this is Bloomberg Markets balance of power. Earlier we did speak to larry kudlow, the economic counselor director. Lets listen in to what he had o say. Lets listen in to larry kudlow. Lets take a look at some of lets get a check on wha
Host nathan bomey is with us. Nathan boehm he is with us. Is this reporter and coauthor and here with us this morning to talk with us about the United Auto Workers strike entering day five. Welcome to washington journal. As the strike continues in detroit, what is the latest on negotiations . They are still prfar apart. The uaw just last night threatened to expand the strike on friday if they dont make serious progress with ford, general motors, insta lantus. And the strike started on friday. They are asking for a wage increase of 36 percent. They have only offered about 20 . The uaw wants traditional pensions, healthcare, and a whole host of other things and the automakers are not willing to budge on those asks so at this point it feels like we could be headed toward an expansion of this strike later this week. This is what has been termed a standup strike. Tell us how this approach is different from previous auto strikes and other strikes in general. The best way to think about it is
He is a National Renowned speaker and the authority on union calvary, particularly operations in the east. What i like about his canon of books, he has been boldly exploring all sorts of things and taking his expiration in neat directions. He is working on a mini script about George Gordon meade. It does not necessarily seem like a cavalry operation to me and it makes him one of the most interesting historians working in the field today. Coming to us from columbus, ohio, to talk about his Award Winning book on john buford, eric wittenberg. [applause] wittenberg it is always up pleasure to be here and i appreciate the opportunity to be here today. It is also always nobody wants to be the guy who goes right after lunch. If anybody falls asleep because of the good food, i promise i wont be offended. And bear with me, im not good at standing still. Chris was talking about the fact that i have written a lot of books, i have a bad case of adult add, which also means i have a trouble standing