Markets at this hour the dow carving out modest gains, it would be high fer it wasnt for boeings drop you see there it is up about three quarters of a percent. Were also watching nike courtney just talking about it the trade war front and center today china playing out terms for a trade deal kayla tou Kayla Tausche still live in japan. Yeah, the president may be laying out terms this week and we know how the u. S. Might respond to them. They want a relaxation of that ban on huawei parts. The president said he is willing to negotiate on that and he expected it to come up that is not something that any u. S. Negotiator has come up with they would prefer more purchases than fewer President Trump wanted double or triple of chinas 1. 2 trillion purchase offer finally china said they want a balanced deal. They want to recognize the dignity of both the u. S. And china and as recently as this week sources tell me that they told his counter part in china that that wasnt possible because of the
Launching its ipo road show, a blockbuster deal which could value the company as much as 52 billion. Were watching media names, wbd warning of prolonged impact from the strike while disney fires its latest volley in its dispute with charter. Its great to have cramer back in the chair. We missed so much last week, between lulu and the china names and chewy and wolf. First of all, its great to be back. Thank you for the wellwishers. It was a triple hernia. I managed to come through it in a way that i feel very, very strong. I always love september in our business because everybody does come back to work except for the people that still work at home. They want to get back to work. There are a couple of points we have to talk about. One is the bonds are going the other way. Thats going to be septembers headwind. Again, the Interest Rates are up. I think were making much too little about the strike, the uaw strike. By the way, the writers strike, obviously for Warner Brothers is important.
Time warner deal the Financial Times reporting regulators are demanding the sale of cnn in order to approve the deal well have the latest on just what the government is demanding here, coming up. And this has been a big story today. Snap sinking after missing wall streets revenue estimates by a big margin well look at whether that stock, which is down about 50 , since the ipo, whether that can recover or not thats all coming up here. Busy day still a big decline for those shares lets kick it off with the latest on the at t time warner deal sources saying that regulators are calling for the sale of cnn in order to approve the deal, joining us is the reporter who first broke the story today, james khan, thanks for your time thank you for having me on the show so, now the New York Times is reporting its a sale of Turner Properties writ large, whats your latest information on what the government is demanding that at t would have to sell to get this deal done. Based on that reporting before
That is surging thanks to all things robotic power lunch starts right now welcome to power lunch. You can see stocks are higher right now. The dow is trying to avoid its third loss in four sessions. The s p 500 will be up for a third time if it can finish the green. Right now, its higher by five points not just best buy thats taking a beating, other retail names also getting hit dicks sporting goods, kohls, nordstrom, all off between 3 and 6 heres what else is happening at this hour tesla firing back at reports that sales in hong kong came to a halt this after a tax break for electric cars was slashed. Tesla says its business does not rely on Government Policies and the Hong Kong Government will continue to be strong. But for all you traditional car drivers, the average gallon of gas down to 2. 31. All you people in South Carolina can smile. You had the lowest average cost in america at 1. 93. More people are hitting the skies, as well Southwest Airlines says passenger traffic grows mo
As much as they used to. Well bring you the comments first, a classic trump trade. That fell sharply today. Transports now on pace for their second negative month in a row. And the airlines in the group hit the hardest. Delta, jetblue, southwest, united airlines, all near or at bear market territory, which means 20 off their recent highs. Which were just last month is this sending a warning sign to the rest of the market . Is it a sign there is more selling to come . Sara, great to have you with us thanks for filling in. Its a long day. 2015 transports had a miserable year at the beginning of 2016 it was off to the races i think tim was early on that one and correct. I have to tell you something it is not just the airlines, as you mentioned. Railroads have been under pressure for the last few weeks. Federal express was quietly sold off a few percent. A name like priceline, impervious to any bad news seemingly has sold off one thing i have said for quite some time now, the iyt transport