Mark on that Company Power lunch starts right now and welcome to power lunch. Im melissa lee. Were looking at the markets right now but this is not telling the entire story intraday, thats the story we went from session highs in fact intraday all time high on the dow industrial to a low. On a dow jones headline about u. S. china trade talks hitting a snag over farm purchases well get the latest and monitor the latest reaction for you. Thank you, melissa. Were going to go now to washington and Kayla Tausche who has been following trade for us for many months now and has the latest headlines and some context. Kayla . Well, tyler, the headlines that are moving the market lower from the wall street journal which says that china is balking at putting a specific dollar figure of agricultural purchases into the deal text remember, this was supposed to be a good will purchase primarily centered on intellectual property selections and stopping chinas practice of forcing Technology Transfers but
In seven months after a meeting with u. K. Print minister Boris Johnson. What i would hope is that what happens today would be sufficient to allow negotiations to resume in brussels. Nejra and changes at the top. Saps longstanding ceo announces hes stepping down as rental looks to rental replace thes to ceo. Matt good morning from berlin, nejra. We have had a lot of fed news out, a lot of trade news out, a theory a news out. Basically, washington is the place to be. Nejra i found the comments really interesting in terms of what he might see as a rate cutting cycle. Well get into that. It is the trade news dominating markets. Investors taking the positive side, the fact President Trump says hes present for talks with chinese vice permit or. If vice permit or. Vice premier. Matt we will have to talk exit brexit again today and tomorrow, as well. We do see asian stocks falling, u. S. Stocks up on positive trade news. We just heard donald trump say the attorneys have been very nice and the
Perdue joining us along with Arkansas Attorney general leslie on the bigtech antitrust lawsuit plus newly chief Financial Officer whitney on new data connecting restaurants with suppliers. We are looking at declines, dow industrials off of the lows, 40 points on the dow this morning, s p down 4 and a quarter and nasdaq lower by 17. President trump hit campaign trail in North Carolina rallying for republican candidate dan bishop for congress in state special election today, the president sounded off on u. S. China trade and the economy. Watch. More americans are working today than ever before in the history of our country, almost 160 million americans, weve now had 13 straight months of wage gains of at least 3 , wages are going up, the economy is doing great and jobs have never been better. More than 7 million americans will be lifted off of food stamps. Nearly 600,000 americans entered the labor force last month alone. China wants to talk, they want to talk. China lost 3 million jobs,
Im katie in new york. Welcome to bloomberg markets. You take a look at markets rate now. Its interesting. The s p 500 only up about. 2 despite what we are seeing in tesla right now. Of course boeing, too. Seeing a little bit after rise. A better story if you look at the nasdaq 100. There you are seeing more of the tesla effect. Up 8. after. 8 . Small caps just for fun. Not too much action. Currently the small caps index russell 2,000 is unchanged. Boeing, the troubled pairliner says it burned through nearly 4 billion as it tries to get a handle on its manufacturing issues. Ryan air c. E. O. Says hes bullish on the companys future. We are seeing optimistic signs. We have seen aircraft being pulled. From wichita to seattle. Without any defects being carried over. I think thats a good sign. Its the speed of the manufacturing process in seattle. We are now getting with the new Management Team in place, i think we are going to hopefully see the end of these production challenges. Katie joan
Currently down. We are still trying to figure out what the next leg for a lot of these markets is. Industrials are under pressure today. We are still trying to figure out the aftershock from the global selloff that we saw on tuesday and wednesday. The other thing that i am looking out for is the yuan, dropping the most since august of 2015. Some trade figures in china disappointed and of course it is boe day. Bloomberglso on to a fewnce. , we speak guests. Kaplan of the Federal Reserve bank of dallas joins us in an hour. A little bit later on we will be axeld by axa labor weber. Lets get straight to the bloomberg first word news. Societe generale has the estimates has Beat Estimates. It was expected to post a loss. The ceo of frances secondbiggest lender is upbeat. First of all, Fourth Quarter we did better. Decline. Very modest u. S. Senate leaders have announced a budget agreement that would provide nearly 300 billion in additional funding. Extend the plan would the National Debt to