You get tory and I wIll be austerIty ahead and that Is what they argue and the OpposItIon PartIes here would say a lot of the problems are of the snps own makIng and they are In charge of thIs budget and they have decIded to make generous Pay Settlements to PublIc Sector workers, Pay Settlements at the ScottIsh FIscal CommIssIon would say were not planned for In perhaps the way they should have been. But the result of all thIs, where the blame lIes, that Is up where the blame lIes, that Is up for Argument And Everyone takes a dIfferent posItIon on that but the fact Is there Is a Black Hole and cuts on the Way And Shona RobInson Wall take topIcal questIons emInently behInd me and that Is slIghtly overrunnIng but we expect her to stand up emInently to gIve about a 15 MInute Statement on where she wants to move the money and where she sees the necessIty for cuts and what thIngs can be delayed and what money can be dIverted, but we are expectIng thIs to be a substantIal statement detaIlIng
Continuing to be all about tech. Surging since the best monthly performance since 2000 u. S. Equity futures, youll see at this point you are looking at some green arrows across the board. Nasdaq indicated up. Dow is up, so is the s p 500 well talk about zoom. It is those Technology Stocks leading the way. Looking here to date, they are up more than expected. Looking at the treasury market, it looks like the 10year is yielding around the same amount of 0. 726 . Zoom, huge news. Right now, top single stock of the day is zoom the stock is on fire that may be the least impressive thing. Jumped over 300 year over year. Free cash flow up 2,000 year over year. New customer subscriptions delivered 81 of the Revenue Growth and less customer churn than expected. Kelly will join us to dig through the quarter at 8 30 eastern time stock up 80 right now how would you like to be in a business where your Free Cash Flow was up 2,000 it sounds like a kids lemonade stand. Thats what has happened to zoom
Caroline abigail, what are you watching at the close . Abigail the technicals on the tech heavy nasdaq. This is a roughly 1. 5 year chart. The range, the complete range. We had the last bit of the rally, the Fourth Quarter volatility. Triedct that the nasdaq to touch down onto its 100 Day Moving Average in yellow. You can see that has happened before. Thelast time that happened, time before that. The biggest point, alltime highs, buyers are not very enthusiastic. Suggest we will be sideways for a bit longer with stocks. Sentiment, risk off you see that showing up into buying bonds. The 10 year yield is down about nine basis points. We are waiting of course for that press conference from nancy pelosi with a formal inquiry into the impeachment of trump. This is the oneday move on the threemonth month 10 year, down now 12 basis points. We are inverted by 28 basis points. We have jumped by almost double here today alone. We do know that after inversion, typically you get a quick resteepeni
Time now for global exchange. We bring you todays market moving news from all around the world. Joining us from hong kong is enda curran, from saudi arabia we have in dipaolo, emma chandra from london, and bill faries in new york. A chinese trade delegation calls off plan to visit to american farms, according to people familiar with the matter, but the chinese official says the cancellation isnt indication of a negative turn in talks, saying negotiations on the agricultural area went very well, and the two sides held throw in candid communication. Enda curran joins us from hong kong. Give us the latest. Enda it does sound as though signals from the chinese side are very much that they want to manage expectations on track that they are making some progress. We had the Commerce Ministry on saturday making the point that talks with midlevel officials were quite constructive, and colleagues in washington are reporting that the next level of trade talks will happen around october 10, when c
At the Capital Exchange event this morning making a ton of news. Closing the deal. Ibms 34 billion acquisition of red hat has closed both ceos will be with us in just a moment. As we said, pepsi beats the street, strong snack and beverage sales backs the 2019 forecast Hugh Johnston will join us straight ahead. Futures lower ahead of tomorrows capitol hill testimony by fed chair powell. Moments ago at the Capital Exchange event in washington, larry kudlow offered his views on the fed to our kelly evans. Take a listen. Price signals suggest as they have all year going back to last autumn that last policy move in december was unnecessary and i think they could take it back. Price level stability, steady dollar, is what the fed should aim for in my view among the things he said, defended a rate cut this month, said no effort to remove powell at the president time. Mnuchin, lighthizer may go to china. Larry is the happy warrior in this era everything he said made me feel better, made the ma