Look theyre higher across the board. The nasdaq is up by 134. Its early in the morning but these are pretty significant green arrows at this point take a look at whats happening at the treasury market and youll see that right now the ten year is yielding where it has been 0. 996 joe. Tik tok, the latest here. Developing late yesterday, the u. S. Judge blocked an order that would ban tiktok from being downloaded in the u. S. The ruling is the chinese owner byte dance has more time to get approval from u. S. And Chinese Authority which is unclear if that really happens for that deal with oracle and walmart the judge did not clock a much broader ban which is set to take effect on november 12th which the way things are going will be here like tomorrow i wanted 2020 to go quickly but now im thinking its just going too quickly. We wanted to go quickly. Still 2020. You still did your best Barbara Walters with that. 2020. And hugh, hugh had a long illustrious life hugh is gone now but we remem
A compromise deal that has been underway for months now with work being done to close the gap on key differences between the administration and House Democrats the biggest difference has been the enforcement mechanism on rules for labor unions and protections mexicos government remains opposed to allowing u. S. Inspectors to enforce labor rules in mexico but they say theyre open to the use of arbitration panels to resolve disputes over labor standards and another demand of House Democrats is the lowering of intellectual property protections for biologic drugs passing this revised version of the u. S. In ca would eliminate and replace the old nafta agreement which was a Key Campaign Promise made by president during his 2016 campaign. And Chinese Telecom giant weiwei plans to outfit more of its products with their harmony operating system in 2020 a while way spokesman confirmed the news saying there are no plans at this time to roll out the new phones tablets and computers but rather use
List smart phones laptops and tablets manufactured by wall way will continue to use android for the foreseeable future with hope officials hoping they will never have to make an official switch to harmony meanwhile the Financial Times is reporting news that Chinas Communist Party has called on all state offices to move forward hardware within the next 3 years the policy has a 352 mandate which means replacement of the software and equipment will happen at a pace of 30 percent in 202050 percent in 2021 and the last 20 percent in 2022 analysts say that this could mean as many as 30000000 pieces of foreign equipment in these Chinese State offices that will need to be replaced now for more on this we did an apparent trade win for the u. S. Lets bring in peter schiff c. E. O. Of Euro Pacific Capital peter thank you so much for joining us today i want to jump right in here so lets start with your reaction to this reporting regarding chinas plans to remove foreign hardware from stays offices
The day when the dow was down more than 300 points the russell 2000 fairing the worst. Lets go to bob at the New York Stock Exchange remember all this optimism on friday the jobs report helped dispel some of the concerns about recession. Dispel didnt get rid of them. The market started expecting some positive news on trade. We have an escalation of the trade war and thats pressure with the usual names the problem is the markets increasingly coming to believe that a trade deal even an 80 trade deal may be unlikely this year thats a big problem it means potentially lower growth in 2020 it means flat to lower Interest Rates. It means flat to lower oil and it continue emphasize on owning the defensive sectors. Those utilities, those Consumer Staples that have been so much a stand out theis year and so expensive. They are the stand out sectors this year. This narrative means stocks are expensive right now. Number one the Fourth Quarter guidance, if this uncertainty continues is not going to
Maybe that the cut in Interest Rates come up. I said today he must make it clear that the next fed move is unambiguous. I think wall street wants it to be a rate cut. All that and so much more on making money. Deputy trade talks with china are underway as we speak. Clearing way for higher level discussions on thursday. This amid disarray between the two sides. U. S. Blacklisting 28 more companies and Companies Finding them in vise grip over the negative hong kong protests. Head of white house trade and manufacturing director, Peter Navarro. Peter, wall street sees, we have so much good will building up. China buying soybeans. Paypal makes a big acquisition. Both sides making nice. This morning or overnight were hit with levy of new tariffs or blacklisting in this case on companies over human rights violations. Does this suggest that human rights and maybe even hong kong will now be a pivotal part of negotiations . Good afternoon, charles. By the way, lets be bullish for the next ten mi