s&p indicated down about 4.5 looks like the 10-year is yielding below 1.6%. 1.549% we ll talk about what china did. loan rates there dropping as the company tries to take on the impact of the coronavirus. let s get an update now on the coronavirus. the people on the ship, a couple of people did die from the coronavirus. china as we heard cutting its benchmark lending rate that was expected. authorities looking to boost the market unfortunately, two passengers from the diamond princess cruise have died. the first reported deaths in connection with the ship which was quarantined off the coast of japan nearly two weeks china is again, changing the criteria of confirmed cases adding confusion to tracking going up or down and whether we ve seen a peak or close to a peak l brands reportedly selling shares of victoria s sek receipt valuing that brand just over $1 billion. this had been expected that they d pay for it. l brands chairman and ceo will step down as part of the deal bu
1.5% two year just below that at 1.478% overnight in china, look at those stocks and you re going to see the nikkei was up by 2%, 2.1% in shanghai, market there up by a percent and hang seng closed flat and then if you re looking at what has been happening in europe with the early trading taking place this morning, you will see mostly green arrows there. the cac up by .9%. so is the dax. the ftse down by half a percent. cnbc has you covered for all of the big global stories that are moving markets today we re going to take you to hong kong for the latest comments from carrie lam. an update on the political crisis in the uk over brexit exclusive update on the tariff fallout for small retailers. let s start in washington now, with the news that the the big news that is moving the markets now, trade talks with china, set to resume next month. what do you got here the news breaking last night out of beijing, the foreign ministry issuing a statement, here is the cnbc transla
far two often far too often. we have to do something to stop gun violence ripping apart our communities. ripping apart. [ applause ] good morning and welcome to morning joe. that s president biden joe biden delivering a speech. another deadly shooting. we re going to have more on the victims and the expected gunman just ahead. and the white house talks about three unidentified objects that were shot down over the last week with a new explanation of what they could be. and we re going to have new reporting from the justice department that could overcome claims of attorney-client privilege from one of donald trump s lawyers ominous news for mr. trump. mike pence continues to stonewall any efforts to get him to testify about january 6th. good morning. welcome to morning joe. i was thinking we could talk about the new york times story do we have the times here? new york times on italy s prime minister surprising europe or i m going to take you know whe
daddy s name is on buildings. he s accused of real estate fraud and eating glue. what you are witnessing is real. the participants are not actors. they are actual idiots with a case pending in a new york metropolitan area court. the people s court. [ laughter ] just missing judge watner, that smile. that s from jimmy kimmel s writers. we ll get details on the trial and show you what you said. also ahead, in the middle east, there is pressure on israel to take a humanitarian pause in its assault on hamas terrorists hiding in gaza. plus, an update on republican senator tommy tuberville s freeze on military promotions. the alabama lawmaker finally is facing public pressure from members of his own party, but you won t believe what he said this time. and we ll go through the verdict in a high-profile fraud trial for a man once known as the crypto king, now convicted on several charges. good morning. welcome to morning joe. it is friday, november 3rd. with us, we have t
not be household names, but they re among the 22 u.s. corporations to announce a tax inversion deal since 2011. by buying in a different country, they can move their operations overseas and pay lower rates. they can manufacture their products in the u.s., and sell primarily to u.s. consumers, and still officially call another country home. president obama said that it lacks patriotism. and they want them to crackdown. they say that the united states high corporate rates are to blame. debate is heating up and it s as much about politics as dollars and cents. when some companies cherry picks their taxes, it damages the country s finances, adds to the deficit and makes it harder to invest in the things that will keep america strong, and it sticks you with the tab for what they stash offshore. reporter: in his wiki video address, president obama criticized crete buying at a lower tax rate and claims that new low-tax country as it s primary home. the president called it a ren