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Bond markets awaiting ism services in one hour road map, the trade roller coaster. Stocks look to rebound from a three day slide after that report that trade negotiators are edging closer to a deal. Plus, alphabets shakeup googles founders, larry page and sergey brin both step away from their current official roles, but still control the votes at the overall company. And another setback for boeing, united tapping rival airbus to upgrade its new transatlantic fleets stocks looking to recoup some losses from yesterdays selloffs. Some renewed optimism about u. S. China trade talks. Moments ago the at nato summit in london, the president did say discussions with beijing are going well this comes a day after he said it might be better to wait until after the election to strike a deal another piece this morning is that reuters has Jared Kushner added to the negotiating team having meetings with the chinese ambassador. That would signal m ....
Road map begins with bracing for the fed. Stocks near records, the market meltup continues as the president weighs demoting the fed chair, lets see what he does. Head winds for facebook, the tech giants cryptocurrency plan greeted by a wall of regulatory and data concerns in washington. And huawei ceo downplaying any revenue impact of a u. S. Ban on the company in an exclusive on cnbc. Federal reserve policymakers will conclude their two day meeting today. A policy statement will be issued at 2 00 eastern time. If the fed does not cut rates today, investors will look for indications it may do so later this year. Powell will hold his usual post meeting News Conference around 2 30 eastern well bring you live coverage obviously. Generally i would say, jim, consensus is no cut today. But maybe clearing the decks for as much as 50 next month i spoke with lance fritz last night, Union ....
On pharma. Eli lilly with earnings. Novo nordisk, the drug cutting risk of heart attack and stroke by 20 well talk to mr. Irgin and echo star ceo a day after s p and nasdaq broke the fourday losing streak, stocks back in the red financials in focus among laggards after moodys talking about Interest Rate and asset liability risk. Whats incredible is we just went through the quarters. With the exception of, honestly, key, the quarters were good. A lot of them had inflows. People thought there would be outflows david, when you see these kinds of downgrades, dont you see yes, yes, yes. Good, good, good. Done, done, done move on, move on, move on. You cant pay for this kind of analysis. No, you really cant. Its important because financials represent a huge part of the market, and if were going to have blending, we cant have as much lending thats kind of what were saying my problem with it is it doesnt jive with the facts. It was entirel ....
Downgrade. Apple and amazon set to report after the bell tonight. Speaking of earnings, were going to talk to shopifys president this hour on the companys latest quarter after topping some estimates but lets begin with tech as we look ahead to apple and amazon tonight the nasdaq, as we said, worst daily performance since february, jim. Are we going to use qualcomm as a read for tonight no, qualcomm is just pa theting i. I was disgusted with that quarter. Im so tired of their hype im sorry. I have a negative attitude about them im positive about other things. I mean, at the start, once again, they do this thing, its great, its great, its great. And then you get to actually, but you know what, its bad, and its weak. Its great, its great, well, its bad, its weak, and this is post auto and handset inventory buildup and, no, im making the samsung story, the solutions to apple. But no it is not a tell now, you could say, well, look, maybe apple is coming in too hot. I think theres a theres t ....
Los angeles. The Israeli Military releasing a statement moments ago saying it has killed a senior hamas member involved in planning last saturdays horrific attacks in israel. Murad abu murad was killed in a strike targeting a building in the gaza strip. We also just received some new video showing the damage from the israeli city of ashkelon. Hamas armed wing al qassam saying friday that it launched 150 rockets toward that city. There are now reports whether any israelis. No report, should i say, whether any israelis were injured in that attack. Its been exactly one week now since hamas staged those shocking, brutal and deadly attacks against israel. Israel has been striking back hard all week. Now, the Israeli Military says Commando Units are conducting localized ground raids in gaza. And a short while ago, they als ....