Down 1. 6 yesterday, off of session lows. The dow industrials down 650 650 points, that was 2 and a quarter percent lower at 4 00 on wall street. Investors rattled over no progress on stimulus and a rise in covid cases. Its a big day for earnings, dow components merck, 3m. Caterpillar all reporting quarterly numbers this morning. We will get a snapshot of the airlines when jetblue reports and a look at big pharma when pfizer reports. The road to the white house, we hit the one week to go mark, americans are headed th to the polls in seven short days. President trump and joe biden begin the final push before election day. Stimulus negotiations losing momentum, time is running out for lawmakers to make a deal before november 3rd. House Speaker Nancy Pelosi says she remains opt my particular over talks optimistic over talks. Congressman tom reed told me yesterday if we dont have a deal by election day, we may not have one until february. Todays the day, my new book, the cost, trump, china
Pieces, competition antitrust law and Consumer Protection which covers a wide swath of territory but includes everything from gardenvariety scams to fight the enforcement in both of those areas squarely in the middle of a lot of really interesting changes that our society is going through and technology which all of us are dealing and not many of us are using. Host technology and telecommute occasions have become a bigger part of your portfolio over the last couple of years, havent they . To some extent yes. I say to some extent because telecommute occasions are much more the purview of the Commerce Department then the ftc but for example with respect to privacy we do work there with respect to advertising claims we do work there and certainly technology is a big part of what we do. Host antitrust when it comes to technology, correct . Guest yes, very much so. Host there was a recent article in the wall street journal talking about the potential lawsuit against facebook. Could you tell
The warning comes just hours before france downgrades Fourth Quarter growth to zero. And the u. S. Legislators propose sweeping antitrust reforms on tech giants including alphabet and amazon. 449 page report recommends curves curbs on acquisitions. 6 00 came in london, 9 00 a. M. In downtown well done, welcome to the myriad of tweet storms. It pulls the ripcord on fiscal negotiation. A very machiavelli move, then he offers the art of the deal. Good morning. We are betwixt and between. Annmarie good morning, a bit of a tugofwar because these came after jay powell was pretty unequivocal about his stand on what is needed for the u. S. Economy, saying the risk of overdoing it seems to be small. Youre looking at the trump tweets instructing his team to close negotiations. Manus the other thing that comes to mind is this, from promises to do a deal after he gets reelected. The risk is this, we have a fiscal void, that is the risk until february. Fiscal void takes you through to february. Tak
Flat that really does obscure a lot of drama up at least 2 s that has been pretty dramatic. Also why the nasdaq has been down so a lot of those profits are coming out of there. The hang seng up by 1 3 4 mentioning those tariffs that china will be taking off those goods. We have more on that front in a moment also an American Chamber of commercesaut u. S. Chamber services have been getting hurt and many of them are moving away more quickly than anticipated redirecting businesses there in the meantime, lets look at what has been happening. For the most part, green arrows. The ftse is up the dax up about. 75 . And cac is up. The trezy market and yields, they have firmed up. The 30year trading almost 2. 2 . 10year at 1. 714 . Twoyear note at 1. 67 breaking deal news, Hong Kong Exchange proposing a 36. 6 billion cash and stock offer for the London Stock Exchange saying it approached the lse with a bid last year, they agreed to buy refinative in a deal peloton says it plans to price shares b
Of Liquified Natural Gas exports in the global market, the recent growth of u. S. Exports and concerns about Energy Relations with china and russia. The hearing was held by the Senate Energy and Natural Resources committee. Manufacturers and residential consumers alike. We have such a massive Resource Base that we can send substantial volumes abroad. Were now leading the world in natural Gas Production. Hopefully soon well also lead in exports. A few of those experts are here to tell us what is driving these trends, where they may be headed and how u. S. L and g fits into the equation. I use this term quite frequently but i hope were going to hear some ideas this morning on how to make our exports even more competiti competitive. Im particularly excited coming from alaska about the role my state can play. T furk has just released the draft for the Alaska Project, has great opportunity to move some tremendous reserves of gas on the north slope to market. Its a pretty important milestone