Crisis. And china signals its attitude toward hong kong is hardening. Aging prefers its new laws to criminalize sedition, secession, and subversion in the territory. Hong kong lawmakers say its an attack on the areas autonomy. I want to say to the International Community that this is the end of hong kong. This is the end of one country, to systems, make no mistake about it. Welcome to the program. U. S. President donald trump says his country will withdraw from an important treaty known as open skies. He justified the move saying russia had not been complying with the deal which was signed two decades ago to increase military transparency among 34 countries. This will be the third armscontrol pact mr. Trump has pulled out of since taking office. The other two worthy inf Nuclear Treaty with russia and the Nuclear Court Nuclear Accord with iran. Dws Washington Bureau chief is here. Put this in context for us all stop how important is this open skies treaty and why does the president want
Hospitals with life threatening injuries. All of the victims were males, ages unknown. I asked police if the victims were sitting inside the car at the time of the shooting. They say its too early to tell. It is also unclear if this was a drive by or if the shooter or shooters were on foot. No suspect description at this time. Weve been standing here for about an hour and a group of young men walked up to the yellow tape and walked away visibly upset. Well have more on this later. Were also tracking another breaking story in San Francisco. Weve learned that the d. A. Is stepping down. He says hes moving to los angeles where hes exploring a run for the top prosecutor job there. In an email to his staff, he says hes grateful for the support all these years. His last day is coming up, friday october 18th. President trump insnared in one impeachment inquiry today practically inviting another. He openly invited another country to interfere in 2020 election by investigating democratic rival
Europe. No manufacturing data, another litmus test of the u. S. Economy. We will speak to the fomc member member very soon. Retaliation, the u. S. Will slap tariffs on european goods including craft whiskey and wine after a green light for 70 billion of product. Uniting brexiteers, Boris Johnson presents his exit proposal to parliament with signs he has two new borders for the backstop that is gaining traction domestically very what will the e. U. Say . Matt we are less than a halfhour open away from the open. 1502. Trading for the question many are asking is why has not gold climbed further . One of the reasons could be because of the chinese on holiday. Another reason is the curve is steepening and that is a reason investors could look to fixed Income Investment rather than precious metal. Look at the futures in terms of equity index. We are looking at european futures trading lower, gas futures on. 3 . Cash futures unchanged with the ftse is down. 4 . S p futures are higher but it c
Dow briefly fell more than a thousand points over three sessions now just around that line. It will be the worst week for the year for the dow as long as it is below 26012 i think. Selloff in tech stocks leading to market decline this week. Who better to turn to than bob peck who joins us this morning great to have you back. Thanks for having me again. Appreciate it. It has been a crazy few weeks in the ipo market. What do you think people are misunderstanding or getting right . Couple things first of all, benchmark, the s p up 15 give or take. You look at all tech ipos this year, they are up a little less, around 13 give or take. If you do x, youre up 20 actually you are okay, whats interesting if you look at first tick to now, tech ipos are down slightly the question is whats driving that what youre hearing or seeing is investors are looking at a couple different things. One, whats the revenue visibility of the companies, is there a backlog of a recurring nature so one of the things
1. 6 level. And the headlines are on your screen. Our road man begins with a slew of estimates beating goldman and j and j. Netflix, subscriber numbers come up short, stock down 13 in the premarket. And the latest out of the gop convention, over plaguerism and what to expect today. First up though as stocks aim for more record highs, we have four dow components, j and j, ask gold m and goldman. Despite the uncertainty created by brexit, we achieved solid results by continuing to serve our clients across our diversified franchise and managing our business efficiently. One thing weatility is an environment they can operate in. We had very good quarters at bank of america, jpmorgan, sp spectacul spectacular, and city, really good quarter. Goldman, we found out fixedincome trading bank of america had good fixedincome trading. Tell me something i dont know. Goldman doesnt have any equity business to speak of in terms of ipos. It suffers by comparison to a bunch of other companies i did not