Reserve. At t looking to start a screaming servicebut with a price tag that has investors very happy how about europes big one auto talk to the tune of about 50 billion. A busy one on wednesday october 30 as Worldwide Exchange begins right now good morning, good afternoon or good evening from wherever you might be watching. Im Brian Sullivan yesterday, we did see the s p 500 hit another record looking similar to the way they looked yesterday dow futures, lets call them flat all ahead of the fed that Rate Decision due at 2 00 eastern. A rate cut certainly possible. Dow futures on a holding pattern. Waiting for the fed. Bond could react to the yield at 1. 38 . Japan cant go up every single day. A down day overnight the nikkei hitting a 52week supply keep an eye on japan the Chinese Market lower noticing a trend, the trend is not really a trend a mixed bag in the markets one that we have been talking about a lot. The other is the fed first the earnings we are talking facebook, apple, star
Someone thought there was a method to this madness we are back on the first floor you should watch this show just to see what goes on on times square take my word for it, there is stuff that goes on out there you dont want to miss you got to be 18 for some of this stuff we are ready to go. Brand new set. It is good to be here. We thank everyone for the love beautiful coloring and lights nothing was spared in terms of money for this. Look at this it looks like we are going to take off here. An elon musk designed set. We have that Federal Reserve Board Meeting coming up. Well hear that decision in a couple of hours. In the meantime, you are watching the futures dow indicated up by about 14 points nasdaq by about one point. Nasdaq up about one point. We touched a high yesterday and gave it back a little bit. Still looking at the s p a couple of points off the alltime high. Dow futures indicated up by 16 looking at the treasury market, still looking at the 10year yielding up to 1. 83 somet
The nikkei was off by. 10. Hang seng managed to edge higher by 1 3 of a percent. Shanghai comp down. 4 of a percent. Over in europe, take a check there. We have red arrows aside from italy which is managing a. 6 percent of a gain. The dax is down by half a percent. As for treasury yields, it seems to be in focus it has been in focus as we are waiting. Fed chair jay powell might say about a potential rate cut in july the twoyear now 1. 925 . Quite a steep rise considering that the recent low is 1. 696 . 195 on a close. Amazing yields. Obviously stretched lower in trade news, top u. S. Officials, talks back on the hill the first high level talks with the chinese counterparts yesterday. They continue to try to work out a trade deal people close to the conversation say both sides are going to continue talking but that existing tariffs could be, in their words, the new normal. Netflix is losing another high profile tv property next year friends is moving to warner streaming service hbo max.
Reporter but trump shot back by invoking 9 11. Everybody in the world love new york and love new yorkers and i have to tell you, that was a very insulting statement that ted made. Reporter and trump went on how new york recovers from 9 11, he spoke of grit and determination. And in the end he even had ted cruz applauding. When the twin towers went down, i saw something on that no one else on earth could have york. [ applause ] reporter a day later at city hall the mayor demanded an apology. I just want to say on behalf of all new yorkers, im disgusted at the insult that ted cruz threw at this city and its people. Understand in york values. I finds myself for once in agreement with donald trump. Reporter and cruz was accusing him of using code by saying new yorkers are different. Unusual, not like the rest of the country. He is practicing the politics of division. Hes trying to divide people. Hes trying to divide this country. It doesnt work and its hypocrite cal hypocritical. Reporter
It is a thursday in new york city. Im Erik Schatzker. Im stephanie ruhle. Lets talk about wall street. Times it be the best of and the worst of times at the same time . That is the question for wall secondquarter earnings season winds down. Quantitative easing is still crimping profits, new revenue is still scarce, but most of the big banks are lending more and cutting costs. Our contribute in editor with us andskype says it is a paul miller is with us from greater dcaa paul, i suspect you are not so inclined to agree with bill. Do you see positive signs . We do see positive signs. I went into the Second Quarter thinking more pessimistic than i should have been, that there are some signs of lending going on. The margins are still very skinny, you have some liquidity out there. Jpmorgan said utilizations are up two Percentage Points from the first. Wanted to dou skype only because you know i disagree with you on this golden age. But lets talk about fixed income. Fixed income numbers are