Yesterday, a headline said china planning to surprise trump and negotiators with a last minute plan for phase one to remove september tariffs this has never been talked about. Delaying future tariffs was the most we were going to agree on trump was getting traction because of the bite. This has never been on the table. China will get it done then i read it today it said these are now part of the negotiation. The way it was cast is that it was almost like an appeasement or throwing in the hand. Is it negotiations or are we backing down the deal is likely to get done each side wants to say we got what we wanted now, if that happens, the markets will be like that. Thats the big question, does the market care if it comes without any teeth. Do they just want a truce and no more ramped up sort. For phase one, do they want to give up what they were working to force them out of the table. I think what the market is really looking foreGoing Forward is if you are going to continue conversations.
This comes after a decline of about 29 points. S p indicated up by 12. 5 you want to take a look at whats happening in the president ry market yields look like they are a little weaker. Dow component is reporting. Company is reporting a quarterly profit 3. 88 a share increasing the full year out look we have a nice gain in the stock there. This is a dow component. Thats the headline. It is going to help the dow. That is one of the reasons 3. 5 points adding nicely we wouldnt be up without United Health a lot of different view points on how theyll fare. Depending what happens they have been weak. Wont mention any names. We have an update lets do black rock first we have a lot going on earnings coming in from black rock looks like they earned 7. 15 better than they were expecting. Revenue looks like they are about in line with expectations. Couple other things, they say the longterm net flows. 52. 2 billion. This is a company has has 649. 64 trillion this companys ceo will join us who is
Lori loughlin and her husband are among those that could face harsher sentences. Heres carter evans. Reporter from the beginning, Lori Loughlin and her husband were determined to fight the charges. Theyre amg the 33 parents originally accused in the Biggest College admission scandal in the nations history. 14 pleaded guilty early on to avoid additional charges of money laundering, including access felicity huffman. Last week, prosecutors gave a stern warning to parents fighting back, plead guilty or prepare to face new bribery charges and four parents did change their plea in boston federal court. Today, prosecutors dropped the hammer, filing a prescribery charge against 11 parents, including loe ining loughlin an. Both daughters are no longer enrolled. Is there anything that Lori Loughlin can do now . Put herself on the mercy of the government and see if sh e is work out a deal. If they think they can win this at trial, they must know something i dont. Reporter some of the coaches are
This afternoon. Good news about these showers though theyre really losing steam by the time they work into the bay area so nothing more than just a few overnight sprinkles is really possible. Daytime hours today will be nice and pleasant certainly feeling like fall, 60s and 70s for your daytime highs across the bay, ive got more about your forecast for the rest of the week. Still ahead robert thank you john back to the bay bridge here back up here on 80 is still spilling back. Through the main singer approaches have not improved, but the suspension and the skyway have so that looks good, but you got to get their right to get a will way through all of this heavy traffic it through the maze s still under 15 minutes afte fremont street. Were checking in on 5 80 and the nimitz and both are roughly the same i dont see any big problems so from to 38 to downtown oakland, youre just under 30 minutes and then 2 80 in san jose is recovering from earlier problems, 27 minutes from the one oh one s
The lgest publicly traded company today topped earnings estimates and reported record revenue thanks to owth in azure. It is clear that microsoft big investment i the cloud appears to be paying off. At least one analyst said the pace of growth at this scale is unprecedented. That helped lift the stock and initial afterhours trading tonigh john ford has more on microsofts quarter. One take away frommicrosoft earnings today is cloud momentum continues. The companys feet was grounded in azures strength. But not just that. Office and linked in also continue to be strong and ha particularly tt unit including office and linked in helped the profitability of microsoft. Just get Even Stronger than it had been in the past and thats why i trillion Dollar Company and still going on at the end of the fiscal year. For nightly Business Report john. Now to microsofts fellow component boeing. Late today the Aero Space Company said its going to take a nearly 5 billion charge for problems associated wit