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Lots to talk about this morning, once again we follow the bouncing ball of the china story and overnight we are learning that both sides said they would be willing to roll back tariffs, interesting. Devil is in the details, this can be very good, imagine how much markets might soar if you, in fact, do get this first round deal with china, very good news for investors. Maria we have a rally underway right now, futures indicating doubledigit gain, on top of all 3 major averages closing in record territory yesterday over optimism in deal with china, u. S. And china, s p was up 11 and nasdaq up 46, washington and beijing considering rolling back tariffs of completing phase 1 of much larger agreement, President Trump spoke about that in rally last night, listen to this. China is doing poorly as you know, but they are paying billions and billions of dollars and theyve never given us 10 cents before, billions of dollars, they gave a lot ....
Remains solid. Joining us for the hour is stephanie link what do you think the theme is here we started the day up almost triple digits on the day then loss were down triple digits now were somewhere in the middle crazy with earnings nonstop. The theme today is the shift right back to growth from value. Thanks to paypal, thanks to microsoft, thanks to service now, and value is under performing because i think its all about 3m and what they said. Weak china, weaken you a, to no green shoots after yesterday where caterpillar gave us some hope and boeing gave us hope today took it all back some commentary from the industrials so far, honeywell last week as well, some of the commentary has been a little bit better around china so i wonder how much of this you think is 3m specific and where their end markets are focused versus the broader sector especially in electronics i do think they have high variable costs at 3m so they have some Co ....
Earnings here for twitter. Monetize a bill daley active users actually came in soft. Monetize a bowl monetizeable daily active users actually came in soft. That stuck down a whopping 10 now in premarket. Coming out ofbers twitter. In the markets, we are still going to be waiting and seeing what happens with marios press conference. With Mario Draghis press conference. The rate coming in now at 14 . There had been concerns because of conflict with syria that they wouldnt be able to cut rates because of volatility and we can inflation, but it appears they were able to do that. The ceasefire coming yesterday, sanctions being lifted by the white house. It is a 200 to be basis point cut for the turkish central bank. Time never the global exchange. We are going to bring you time now for the global exchange. We are going to bring you the mark moving news from around the world. We started in europe, where the regions economy continues to s ....
Big show this morning, joining the conversation fox business dagen mcdowell, moodies capital chief economist john and the brewer ceo, former investment banker and nfl player jack brewer. Dagen good morning. Maria we keep falling the bouncing ball with china story, yesterday when i spoke with wilbur ross played down november 17th when the president will meet with xi jinping to sign the documents and paper it up as they say. Dagen maybe better to set expectations low and theres only one president of the United States. Maria absolutely. Showing progress and hopefully close the deal as soon as possible, i think the market anticipates an end to this particular matter and thats a positive. Maria markets are positive feeling a sense that maybe theres something on the table but markets are fractionally moving. Chinas vice foreign minister and President Trump weighed in on negotiation ....