Nice pop after yesterdays disastrous performance, but still, you cant call any kind of victory within the crude market. Time now for todays top market moving news from our washington and new york bureaus. Congressional republicans and democrats are preparing for a fourth round of stimulus. Joining me is kevin cirilli. The ink hasnt even dried on third stimulus package. What are we talking about for phase four . Kevin kevin i was speaking with sources on both sides of the aisle, and the conversations are starting first and foremost on where the holes are left as a result of the latest round of economic stimulus. They want to see how quickly they are able to get liquidity to businesses, as well as to americans as they are expecting these paychecks in their account. The second part of this is likely going to be in the Financial Services sector, as well as other industries that have been pummeled as a result of this. I wouldnts bait that now, lawmakers arent going to begin talking about th
From istanbul to london to washington, our bloomberg voices are on the ground with this mornings top stories. We begin with a pause in the trade war. President trump hailed the signing of the 86 page document as an important step towards a fairer trade deal with china. We take a momentous step, one that has never been taken before with china, toward a future of fair and reciprocal trade as we side phase one as we sign phase one of the historic trade deal between the United States and china. Alix joining me on the phone from washington is shawn donnan, bloomberg trade reporter. What is the day to story the day two story . Some there are already question about chinas purchase commitments. We heard overnight a real emphasis on the role of the market in this, saying they will live up to these commitments if it is with Chinese Consumer demand and if the prices are right. That is not what the Trump Administration wants to hear. Secondly, a lot of tariffs remain in place, and there are Big Qu
Positive things in the jobs report as well. S p up 0. 2 now, but of stocks making big moves on good news, including lululemon, up 8. 5 on analyst comments. Conagra, even though it got a downgrade and started the day lower, is up 0. 6 now. Guy lets get some insight on todays payroll number. It wasnt a headline level miss, but it kind of felt like pretty much what the market was looking for. With us is ira jersey. Ira, did todays number change anything . Ira i dont think it changed much. Like you mentioned, it was really a mixed bag. The number of hours worked, as well as hourly average earnings, was ok. When you look at what i call the paycheck of the economy, the some product of all of those the sum product of all of those things, it is higher than it was last month. Not much, but maybe we are stabilizing here considering average wages were falling for the bulk of the year so far. Vonnie larry kudlow mentioned that in terms of wages, we are now 4 plus over the last three months. Im won
Under underway overnight. Planes in the air, warships in position to attack. Iranian radar installations and missile batteries. They shot down an unmanned drone, plane, whatever you want to call it. Here we are sitting with 150 dead people that would have taken place probably within a half an hour after i said go ahead. I didnt like it. I didnt think it was proportionate. Reporter as late at 7 00 p. M. , u. S. Officials were expe t expecting a strike until it was called off with no shots fired. The New York Times reported citing multiple senior officials involved in or briefed on the deliberations. President Trump Holding his cards close to his chest after first hearing iran shot down the drone. I think probably iran made a mistake. I would imagine it was a general or somebody that made a mistake in shooting that drone down. Reporter iran and the u. S. Dispute where the drone was when it was shot down. The pentagon releasing these images it says of the drone falling toward the sea, ins
Any minute now, joe biden is set to speak alongside the leaders of japan and south korea. The president using camp david to help deepen ties between these two key allies, especially amid increasing provocative actions by china and north korea. Well bring you his remarks live. Plus, the atf now on the ground, joining the investigation in hawaii into what caused the fires on maui. More than 1,000 people are still missing. Crews have not even searched half of the burn zone. Lawyers for donald trump are pushing to delay his federal trial for more than two years. Well show you their legal arguments, why they are arguing to push it back, and whether the judge in the case will buy their reasoning. Were following these major developing stories and many more all coming in right here to cnn news central. At any moment, were expecting to hear from joe biden and the leaders of japan and south korea. Youre looking at a live picture right now of camp david. Today, they are making history, the firste