Barbara duran from bd8 capital markets. Thank you for joining us today weve got a lot of forces at play again another kind of side waist market, but some Risk Appetite if you look at whats moving higher today i agree with that i think that the action has been very constructive. And i think whats going on is youve seen the earnings expectations come down you had just a little sample last week, but majority of Companies Beat earnings and the most important thing, i think, was jpmorgan and American Express talking about the strength of the consumer in loans and spending and thats really the underpinning to the economy. And so we also know the fed, they have a meeting coming up. Im not expecting them to cut rates, but they have made it clear they stand ready and i think that forms an underpinning for the market. And not to mention china we have a little truce there i think we were all expecting some more down babeat commentar from what weve heard so far but so far, its been okay maybe rest
Business im john elgamal on in berlin thanks for joining us u. S. And chinese negotiators have ended trade talks in beijing went further round scheduled in washington next week now officials have praised the progress made and the discussions but neither side had much detail to provide. Not every picture speaks a thousand words proportions and beijing would have liked to hear a thing or two about how the laces trying to of us chinese trade talks were progressing but all they got was a neatly arranged family photo featuring u. S. Treasury secretary steve maneuver and trade representative property life hisor alongside their chinese hosts meanwhile in washington u. S. President donald trump was more verbose. Tariffs are hurting china very badly they dont want to mint frankly if we could make the deal it be my honor to remove them but otherwise were having many billions of dollars pouring into our treasury weve never had that before with china its been very much of a one way street so thats
Has an impact on our business. Francine good morning. This is bloomberg surveillance. I am Francine Lacqua in singapore for the new economy or. Forum. Tomorrow we will speak to the new chief executive of global science, and the former treasury secretary hank paulson. In on lets check markets, we are seeing a little bit moving sideways especially when it comes from europe. I am looking at what is happening in europe and putting it into context at what is happening in asia. It is a little bit of a mixed picture across global stock markets. Investors are entering into a Holding Pattern while they wait for the u. S. Midterm elections. On your screen, edging lower with american futures. The pound extending gains under brexit hopes. The dollar is pretty much steady. Lets get to the bloomberg first word news. Has repeatedtrump that he will clinch a trade deal with china because both sides want a solution. He told a rally he is certain beijing wants to talk, and he will insist on agreement tha
Neil couple of yves before st. Patricks day, folks they are not worried about the selloff on the corner of wall and broad. We are not worried about it. We have Kendall Fisher coming up. Work with me. This is as long as i can do the irish accent. Im neil cavuto. Lets get to it this prest. Patricks day show. A lot to get to, not a lot of green between wall and broad, a lot of selloffs in effect. Meridian equity partner. Always good to see you. What is going on here today . I understand the backandforth stuff, maybe the rate cuts we want to see on wall street get pushed back to june and beyond but where are you on this . Lets break it down in different segments which weve seen a selloff the last two trading seconds. The market is at significant returns into this year. Weve seen the market trend higher and higher. A little bit of a pullback is healthy for our markets putting aside Interest Rate talks. That is what we are seeing, profittaking, we are getting close to the end quarter and we
Stuart i wonder what that belongs to, barracuda. Have you seen sixth avenue as deserted as that . Lauren it is brighter now though. Stuart im moving on. 10 00 eastern. Straight to the money, the green is there, nasdaq up one hundred 42 points, 40 on the dow, up 24 on the s p. The 10 year treasury yield dropping below 4. 4 , 423 to be precise, the price of oil closer to 80 a barrel, 7864. Look at bitcoin. More on this later but now youve got almost 63,000 on bitcoin. Potential realtors, the latest reading on pending home sales. Lauren increasing by stronger than expected 4. 9 in the 9 in the month of january, forwardlooking and that represent the contract signed, not closed. Maybe a little bit of a decrease, decreased 4. 9 . 9 . Stuart lets turn that around. Expected to increase and we had a contraction dropping 4. 9 . A correction in the month of january. You go to 74. 3. Year over year down 8. 8 . Stuart not what realtors wanted to hear. Now this. Democrats deliberately launched a leg