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Live. Good morning and welcome to is squawk alley. Breaking news out of commerce this morning wilbur ross is about to make a statement. Total combined criminal and civil penalty paid to the departments of commerce, justice, and treasury. With this action, we are putting the world on notice. Improper trade games are over with. Those who flaut our economic sanctions, export control laws, and any other trade regimes will not go unpunished. They will suffer the harsh of consequences. This case is just the beginning. Under President Trumps leadership we will have the dual purpose of protecting American National security and protecting american workers. It was as insulting as it was dangerous will improve by the court first pay an immediate out of pocket monetary penalty of 892 million. Zte has then agrees further to a sevenyear suspended denial order and a seven year 300 milli ....
Taketogether, it was a recipe for a down day, and that is exactly what we got. The mainly indexes all falling 1 or more. The Dow Jones Industrial average off 200 points to 18,128. The nasdaq declined 81, and the s p 500 was off 26. A shadow was cast over the Broader Market when alcoa reported weaker than expected results to kick off earnings season. The stock fell 11 . Its worst day in more than seven years. And this was the last report for alcoa before it splits into two. Morgan bre dives deeper into the metal companys results. While alcoa reported higher quarterly profits, revenue slipped as the commodity busine continued to face pricing headwinds. But the higherperformin valueadded s that supply the aerospace and Automotive Industries also came under pressure. We have to admit that we are seeing in some o ....
Taketogether, it was a recipe for a down day, and that is exactly what we got. The mainly indexes all falling 1 or more. The Dow Jones Industrial average off 200 points to 18,128. The nasdaq declined 81, and the s p 500 was off 26. A shadow was cast over the Broader Market when alcoa reported weaker than expected results to kick off earnings season. The stock fell 11 . Its worst day in more than seven years. And this was the last report for alcoa before it splits into two. Morgan bre dives deeper into the metal companys results. While alcoa reported higher quarterly profits, revenue slipped as the commodity busine continued to face pricing headwinds. But the higherperformin valueadded s that supply the aerospace and Automotive Industries also came under pressure. We have to admit that we are seeing in some o ....
Taketogether, it was a recipe for a down day, and that is exactly what we got. The mainly indexes all falling 1 or more. The Dow Jones Industrial average off 200 points to 18,128. The nasdaq declined 81, and the s p 500 was off 26. A shadow was cast over the Broader Market when alcoa reported weaker than expected results to kick off earnings season. The stock fell 11 . Its worst day in more than seven years. And this was the last report for alcoa before it splits into two. Morgan bre dives deeper into the metal companys results. While alcoa reported higher quarterly profits, revenue slipped as the commodity busine continued to face pricing headwinds. But the higherperformin valueadded s that supply the aerospace and Automotive Industries also came under pressure. We have to admit that we are seeing in some o ....
can you summarize what you re thinking? what we re focused on is building wealth for clients overtime. we re focused on risk adjusted returns, minimizing the downside potential. there s too much risk in the equity market as an asset class. we continue to prefer korpts bonds. we also firmly believe in the emerging asia story. in fact, it s already emechbd. so we are bullish on commodities and also on gold. we have the highest gold representation on in our portfolios in history. thanks for coming in today. join us tomorrow. squawk on the street is next. live from the financial capital of the world in the heart of lower are manhattan, this is squawk on the street on the tuesday of thanksgiving week here in the u.s. good morning, everyone. i m aerin burnett. i m ed nesto sitting in. if you were expecting gdp to stay where it was, it s not. it s down from where was. revised lower. the economy did not shrink 20% but from where we thought we were to where we are, ....