Of 2. 32. For the quarter, they see earnings at the low end. The estimate was for 1. 51. A large part of this will be how are they going to offset Rising Labor Costs with lower fuel costs. When does that shift happen, and how are they benefiting from the 737 max . Will that benefit continue . That stock getting hit in premarket. In the market, it is still overall about trade. It was very whippy action here. Those numbers on your screen do not revisit the last 12 hours of trading for s p futures, now down just 0. 1 . We will get to some of the headlines in a second. Eurodollar at a twoweek high, and oil on the move. The opecaving secretarygeneral speaking at the oil and money conference today. He is saying some interesting things in terms of oil in particular. Hes talking about opec plus will take appropriate, strong decisions in december. Also the charter they are extending to the u. S. Trying to bring in other countries into that opec agreement. We will be speaking with Mohammed Barki
We have an important interview coming up. But first, lets check in on the markets. The institute has cut its growth forecast. We did have worries about germany and the labor market and some of the things internally. That has a lot to do with trade. A lot are saying that if you look at the composition of the world, is probably the European Union that takes the brunt of all of these concerns. ,uropean stocks are fluctuating but if you look at the stoxx 600 , investors are trying to figure out exactly what kind of clues they will get after these miserable manufacturing numbers. Coming up, a great guest lineup here in italy. We speak to the former italian Prime Minister. Well also talk to the chief executive of a general of generale and the chief executive of campari. Now lets get straight to first word news in your city. Hong kong protesters were planning a fresh round of disruption after clashes sublease shoot a demonstrated for the first time in the demonstrations began. Local media rep
Flirting with 2 . Your two year treasury note now at about 1. 5 . Crude oil, we will get that data showing inventory levels expected to rise. Remember, all of the gains we had, nymex crude as well as brent, and saudi arabia come all of the gains are raised. Now we are looking at more of a demandside issue. Keep an eye on the transport side. Down transportation average down 1. 5 percent. We were down more than 2 yesterday. Last week Cantor Fitzgerald recommended folks going on the transportation average, shorting. A lot of people laughed it off. Right now that average down more than 4 . Worst twoday decline we have dowto have had on the transport since december. Guy there are weird things going on in this market, but we are certainly seeing equities spooked by this growth story. The ism and you factoring terday putting the cacs what the market feels is really on edge right now when it comes was a punchy month on the downside for european equities and Global Equities peered what is weird
You had greeks being able to sell bonds for the first time a negative yields, so there is still search for demand in that negative yield world. Time now for global exchange. We bring you todays market moving news from all around the world. Current is in the is in the current is enda ant, anna edwards, and Kevin Cirilli. Reportedly, china is still open to a partial trade deal with the u. S. As long as no more tariffs are imposed. Enda currannt joins me from hong kong. Enda the fact that the hong kong delegation is still heading to washington speaks to the idea that china is in the market for some kind of agreement on the trade front. Colleagues in beijing are reporting today that china is willing to do more, perhaps step up its purchase of agricultural goods in the hope that at the y least, the u. S. Doesnt that the u. S. Withholds additional tariff increases. At the very least, it seems that there is some kind of play to get a partial agreement. Alix thank you very much. The National B
The market is taking it is a positive sign, i am not sure it is entirely such a big step forward. David as you suggested, it depends on what is going on inside the white house and inside the president s mind. He has been adamant he wants a full loaf, not half a loaf. Is there any evidence you might not he might back off on that . Under a lot of pressure from the midwestern farmers, the base he has. Pledges of chinese purchases of soybeans and pork and other farm commodities might go a long way toward calming some of those concerns that make up a lot of his base. Like you said, we have not heard anything very solid that would suggest he is going to soften his stance at all. David Brendan Murray reporting from london on trade. Now we go to washington. Now we get if we had any doubt on what the white house strategy was dealing with the impeachment think, we got that question answered. Anna we got a letter from the white House Counsel to nancy pelosi saying there will be no cooperation wit