You need to prepare yourself for some intensity all the most Important Companies in this entire market. I do not have time to kofcover of these let me tell you what to look for from the biggest names there are so much tech they think tech is done, especially the big dog, microsoft, apple and facebook. It was driven by a belief that the economy is about to get stronger because of a stimulus bill and the only way you should play is sell, tech and buy the industria industrials. Well, we are going to get to see this it is probably not until the election take monday. We are from otis worldwide some people see this as a stimulus otis is more of chinese elevaorr maintenance. Biden stock, people perceive biden is being soft on china monday night, two major tests, i keep on telling you about the bull market. Listen to nxp. The other there are periods of happening. They dont last that long. Few companies are more richly. Tuesday morning we get results for some big drug companies. Pfizer and merc
Final hour of trade for investors who have been watching all day long this pretty significant selloff. Live from the floor of the new york stock exchange, we are talking to traders, market gurus, all kinds of people who will help you deal with this hour and with the money. I want to show you a couple things. Dow, s p and nasdaq, we will clock it right here, because you are seeing the selloffs. We are off the lows of the session. We do have the Dow Jones Industrials down 821 points. When it opened, it did absolutely gap down but they are looking at the moment at the s p down 89 points. It had been down triple digits. I will tell you that much of this started with the coronavirus spreading to unlikely countries. We are talking about iran and italy. Investors, very concerned, of course on friday on the claman countdown we told you wait a minute, there is this hot cell of cases of the coronavirus in northern italy, an area called lombardi. Sure enough, what happens, we are looking at real
Individual firms for u. S. Soybeans and pork imports according to Chinas Finance Ministry keep in mind china had impose tariffs in response to the tariffs launched by washington over allegations of chinas stealing and forcing the transfer of American Intellectual property now speaking of tariffs december 15th that is the deadline for phase one of the u. S. China trade talks to advance otherwise a new round of you have to us tariffs will kick in those tariffs will cover about 156000000000. 00 in chinese imports chinas move to issue these waivers on key Agricultural Products may be a signal to washington its commitment to get a deal done soon and certainly before the deadline. Germanys industrial sector is struggling facing the steepest decline since 2009 put in the euro zones largest economy fell by 5. 3 percent year over year for the month of october according to the federal Statistics Office Analysts Expect issues with the german industrial sector will affect the overall growth of the
And speaking of the auto sector its got a real shocker on our hands here tesla announced on friday that its chinese built model 3 cars will receive government subsidies teslas model 3 cars being built in its 2000000000 dollars factory in shanghai were on a list recommended for subsidies for new Energy Vehicles which included plug in hybrids battery only electrical vehicles and those powered by Hydrogen Fuel cells 2 variants of the tesla model 3 vehicles are on the list for the generous Subsidy Program so joining us now to discuss this is the car coach to lauren fix all the way from lancaster new york lauren thank you for being with us today. Thank you for having me tesla is aiming to make more than 1000 vehicles a week by the end of 2019 and ultimately push that number up to 48100 a week and a lot of this is about gaining access to the Chinese Market but its not incredible but it incredible how tesla continues to exist based upon government subsidies. So what you make of this governmen
A look at the markets around the world whos up whos down this week and why the u. S. China trade talks continue to impact so many economies its a packed show so lets get started. And we begin today with an actual concrete step in the u. S. China trade talks because every day both sides say that they are close but then nothing really happens friday something happened as china has agreed to waive tariffs on some u. S. Soybeans and pork as what they call a goodwill gesture those tariff waivers were reportedly based on applications by individual firms for u. S. Soybeans and pork imports according to Chinas Finance Ministry keep in mind china had impose tariffs in response to the tariffs launched by washington over allegations of chinas stealing and forcing the transfer of American Intellectual property now speaking of tariffs december 15th that is the deadline for phase one of the u. S. China trade talks to advance otherwise a new round of you have to u. S. Tariffs will kick in those tarif