Applied but i believe its 10 percent on air bus products so there is that but also you know its interesting that you mention the printing of money and. Like why is the fact that say for example the e. C. B. Has printed more money than the Federal Reserve bank why is not that considered a subsidy as well like oh are we going to start getting down to that sort of micro level whos printing in cheating more theyre all cheating essentially is what theyre saying but some are cheating faster and harder than others right its a form of cheating again when you leave the Gold Standard theres no way to have an accounting or a Balance Sheet that shows exactly whos trading with who and what a sorts of silly print money to cheat to undermine to try to grab a few extra pennies or euros here and there and that it is part of the scheme and that is what happens when f. E. M. A. Money and Central Banks and. And and fractional reserve banking and it just ends up into this this huge enormous pyramid of pape
For the columbus day holiday the stock market is on a regular schedule if you check out the u. S. Equity futures a in the hour, the bulls may be wishing it wasnt dow futures indicated down by 110 points s p futures off by 13. And the nasdaq down by 42. Joe mentioned that headline that seems to be moving these futures this morning that was coming from bloomberg saying that china wants to have further talks as soon as the end of october before they will even sign the phase one deal thats being touted right now by the United States. It goes on to say that beijing may send a delegation led by the vice premier li hou. They would finalize the deal before the president s met next month in chile another person said that china wants trump to agree to suspend the additional tariffs due to roll on in december on top of the ones he suspended for the ones due on october 14th well see what happens you can see the pressure thats put on the futures this morning after some big gains on friday as this n
Good monday morning. Welcome to squawk alley. I i am Carl Quintanilla with Morgan Brennan and jon fortt senator Majority Leader Mitch Mcconnell is going to talk trade, usmca and more. A big hour ahead. First we begin with ipos, and performances for recent debuts after a hot start to the year, we close out the last trading day of the quarter uber and lyft down more than 30 , slack down almost 40. And this morning, wework officially pulling its own ipo cnbc contributor, New York Times columnist kara swisher joins us holy canoli has it been a rough quarter for ipos how do you see it, as a resetting or private market valuations coming back to earth . I see it as math. Math wins. Thats what professor gallaway was talking about when we talked about wework and other ipos. I think investors, there was a fire wall broken by wework, untenable for most investors, and it extended to other companies which have Balance Sheets that are problematic. Even if theyre great businesses and brands, theyve g
Thats right. Im told that those headlines that crossed earlier today, those are accurate headlines thats what got the markets attention. They are considered o considering some measures behind the scenes here at the white house to stop u. S. Investors being able to invest in Chinese Companies in one way shape or form or another. But theyre very early on in those conversations is my understanding. And there is no time line at this point for any fundamental decision all of in framed in the guise of investor protection. The idea is there is a concern that there are some Chinese Companies that may be listed in the u. S. That arent exactly what theyre purported to be bus of the accounting scattered showers and other differences between the way the two countries handle corporate disclosures. So that is being discussed behind the scenes. Its not clear there are a lot of options not clear where they land or when the decision is coming one model for it might be the piece of legislation that sena
Concerns over software and tech stocks lower weve been up, down, all around for the markets today. As we stand, though, with 59 minutes, were higher on the dow, lower on the s p. Joining us for the full hour, from capital usa, keith, good afternoon to you. Thank you, wilf. Earnings been Strong Enough so far or have they been resoundingly strong this week . Theyve been strong so far. I think the markets have been less than vigorous, shall we say, the last couple of months i think well enter a period less vigorous than it was before thats going to be a key component for how we evaluate the economy and market Going Forward. Lets check in on the markets. S p 500 down by about 0. 1 and the dow higher by four points so far. Retail sales, and eamon javers has the latest on trade lets start with wilf on the banks. Bank of america reported this morning. They continue to feed from yesterday, the impact of low rates, while negative, has been less bad than feared that interest margin was down only