G7 leaders hold a teleconference today to discuss the response to the outbreak, but anything short of a coordinated call for stimulus could be negative for stocks. European companies feeling the impact, as bmw confirms a case at its r d facility in munich. And, super tuesday in the u. S. The race for the democratic nomination for president tightens. Andwith Buttigieg Klobuchar gone, which candidate benefits most . Lets take a look at futures. We have gains in europe, but after the huge drops we saw last the, they pale, and after big 5 gains in the u. S. Yesterday they really pale in comparison. Surely up almost 1 , but everything rides on the g7 Conference Call and what it concludes is coordinated action. Anna u. S. Futures looking more muted, as you can see, but in the last half hour or so a little uptick again in u. Ds. Futures, which is interesting. They pulled back, on the earlier report saying the g7 statement would stop short of detailing any fiscal and monetary measures. Lets lo
Boris Johnsons Brexit bill faces its first vote in the new parliament. I guess with an 80 seat majority , we expect smooth sailing in u. K. Politics on whether Boris Johnson can get this bill through . The vote today is a formality. It is a novelty in one sense for brexit. A debate on brexit and a result that is almost certain. If you contrast that with some of the very touch and go boats we had before the election, election, youhe can see how Boris Johnsons majority has changed everything. Anna what does this mean for the timeline for brexit and where we go from january and beyond . Britain will leave the eu on january 31. Oft will set up 11 months the adjustment period. During that time, britain and the eu will have time to negotiate a trade deal. Anna we will keep our eye on th at in 2020. What is the significance of president xis visit to macau . Anniversaryhe 20th of macaus return to chinese rule, but also to inaugurate the new chief executive under what has been a pretty stable s
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
A variety of issues. Remember that when you see the speech. After the speech, President Trump will meet with britains Boris Johnson. Now, that meeting should be about a big trade deal. However, earlier today, Britains High Court ruled that the Prime Ministers suspension of parliament was illegal. That complicates an october 31st brexit, and you cant have a trade deal til the brits are out. Meanwhile, democrats are racheting up their calls for impeachment. This time its about that call to ukraines president and a new report that the administration has delayed aid a week before the call was made. The market doesnt care. Despite it all, stocks will open higher again. Now, we have no idea where the markets going to close but at the open of trading the dow is going to be up maybe 50, 60 points. S p up about eight. And a 25point gain for the nasdaq, going up at the bell. But wait tlrn, theres more. Bernie sanders oneups Elizabeth Warren with a wealth tax proposal. And the europeans give goog
More on the case that started tuesday. And who is laughing now . Netflix cofounder Mark Randolph says blockbuster left at the companys original movie by mail service. We will hear his latest thoughts on streaming wars and tech culture. First, it finally happened. Wework is pushing back its ipo. What was once one of the most anticipated debuts of 2019 is now postponed to october. They are looking to calm doubts. At this was the post to be a 47 supposed to be a 47 billion company. Now that number is about 15 billion and perhaps smaller. Joining me to discuss, phil haslett. And, in new york, crystal tse, who has been covering this troubled ipo. What was the problem today . Is it valuations, financials, or governance problems . All of the above. The simple answer is they have a lot of things to address before they can go to the investors again and ask them for their money. They were looking for a 47 billion valuation, and now we are hearing it could be as low as 12 billion to 15 billion. T