Are open to a partial trade deal plus the 8 billion surprise Johnson Johnson slapped with a massive jury award over an antipsychotic drug. Apple is facing criticism from china at issue, a third party Smartphone App that allows hong kong activists to track the movement of police first up, stocks looking to recoup losses from the selloff yesterday. U. S. China trade talks one day away wall street is also waiting the afternoon release of the minutes from last months fed meeting where well look for clarity or any kind of color on discussions about Balance Sheet or where rates may go from here. Terrible close. It was. It was ugly. A give up type move. Interesting actually daily path that the market took selling off in the morning and right ahead of the jay powell speech, the european markets closed, starts to trend upward, seems like it is going to find its footing, and then the kind of announcement of u. S. Visa restrictions on certain chinese nationals that basically people said, okay thi
Softbanks masason in favor of unseating. First Lady Melania Trump coming to the nyse, set to ring the opening bell to help highlight her be best campaign we start this morning with this ongoing drama, increase drama at wework. The company we followed closely in weeks past because of the expectation it would soon go public thats no longer the focus at least of the current stories involving the company. More so the future of its founder and ceo and Controlling Shareholder adam newman. This morning we can tell you much remains in flux at the company in terms of the future of its Senior Leadership with a number of significant Board Members and shareholders moving to oust mr. Newman as the companys ceo, move him into some sort of other more ceremonial position, nonexecutive chairman or something along those likes. As of early this morning, it was unclear what mr. Newmans future would be there is some division on the board, im told, by people familiar with the situation where representatives
Increase sanctions on iran road map begins with watching the fed. Investors expect the second rate cut in a decade. Stocks mostly lower ahead of the open. Fedex is falling this morning. Shares down in the premarket over trade worries policy uncertainty, of course, as well continuing to weigh on the delivery giant and right idea, wrong approach, House Speaker nancy pelosi sitting down with jim youll hear what she had to say about the president s china trade strategy as we said, a few moments ago, the president tweets, ive just instructed the secretary of the treasury to substantially increase sanctions on the country of iran. So nice that our country is now Energy Independent the u. S. Is in better shape than ever before, Strongest Military by far, biggest economy, no longer even close, number one in energy, maga equals kag. The story is going to be about the attacks and what else the saudis can tell us about it as aramco had that statement out yesterday. Right i think we have to were f
Good monday morning. Welcome to squawk alley. I am carl quintanilla, morgan brennan, a brennan. The first story, more than two dozen attorneys general expected to announce antitrust investigation into alphabet. Ylan mui has more from washington reporter good morning, carl. We expect that formal announcement from the steps of the Supreme Court at 2 00 p. M. It is the largest coordinated effort to take on big tech we have seen so far attorney general of texas, ken paxton, a republican, is leading the charge this will be a bipartisan investigation. We have a statement from massachusetts ag maurahealey she said Online Advertising is everyone this will center on three big questions. Has google engaged in behavior that stifles competition, restricts access, harms customers. Were told the investigation will include demand for google to turn over documents related to the advertising business. Hoping to get more specifics on how states will frame their case at the announcement later today. Goog
Has been a tumultuous quarter. Plus, a rough quarter for ipo shares of ab inbev and Bernie Sanders corporate tax, the 2020 president ial hopeful out with a new plan calling for a tax on companies that pay their ceos way more than their workers it has been a roller coaster ride for stocks in the Third Quarter as we enter the final trading session of q3. Dow and nasdaq aiming for a Third Straight quarterly gain. Mike, awe kn mike, as we know, we went into the month thinking big, bad and scary. I think thats actually the story for the quarter too, the market held itself together and preserved these levels it was at, just about at old highs. Without really a ton turning for the better the way you can look at it is the cost of two and maybe a third fed rate cut was not that steep in the way of suffering through really bad growth or any real stress in the Financial System just yet. So but it does feel tenuous, feels as if the market is sort of maximized what it had to work with to get to thi