What to watch today: Dow to gain after Trump delays tariffs and Walmart expands delivery
Following Wednesday's late-day surge, U.S. stocks are set to add to gains after President Trump announced a delay in the implementation a new round of China tariffs.
, the wildcatter "Oracle of Oil," hedge fund founder and philanthropist who rewrote the playbook for corporate raiders, has died. He was 91. In late 2017, he put his sprawling Mesa Vista Ranch in the Texas Panhandle on the market for $250 million, and a few months later, he closed his energy hedge fund, BP Capital, to outside investors. (CNBC)
STOCKS TO WATCHBlackstone (BX) raised $20.5 billion for its largest-ever real estate fund. The private equity firm plans to invest in property around the world.AT&T (T) said weakness in its wireless equipment unit could hurt current quarter revenue, and also said this quarter's revenue at its WarnerMedia unit would fall by $400 million from a year ago.
Yelp (YELP) may be an acquisition target of daily deals company Groupon (GRPN). The Wall Street Journal said Groupon is planning an acquisition amid shareholder discontent about its performance, and that the online review site may be a logical matchup.
General Electric (GE) received $2.7 billion from its previously announced plan to reduce its ownership in Baker Hughes (BHGE). GE sold shares at $21.50 per share and reduced its stake in Baker Hughes to 38.4% from more than 50%.Oracle (ORCL) Co-Chief Executive Officer Mark Hurd is taking a health-related leave of absence, with his responsibilities covered by Co-Chief Executive Officer Safra Catz and Oracle founder Larry Ellison. The business software giant also released mixed quarterly earnings.
British American Tobacco (BTI) will lay off 2,300 workers by January, about 4% of its workforce. The move by the world's second largest tobacco company will affect more than 20% of its upper management roles.WATERCOOLER"Taco Tuesday"was shot down by the U.S. Patent and Trademark Office. It said the phrase was "a commonplace term" and cited several articles that showed "Taco Tuesday" is used widely "to express enthusiasm for tacos by promoting and celebrating them on a dedicated weekday." (NY Times)Read more: CNBC »
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Breaking CNBC News: Trump dreamt about China last night, S&P likely to break a gazillion this week. This market is ridiculous. Likely it'll rock n roll because china just list the tax free on 16 US products including soybeans and pork and medicines. A $10B worth of argriculture ordrr will be made when the chinese delegate come to make the announcement of the china good will. Will see.
The market is so gullible. The stock market should stop going by what says Dow to gain after Trump delays tariffs InsideTrading WallStreet What to watch? Jr's brokerage account. Trump is manipulating the markets again.
Controversial Trump aide John Bolton exits WH knocking TrumpPresident Trump has fired controversial National Security Advisor John Bolton on Twitter, after they ‘strongly disagreed.’ Sparking more controversary, Bolton offered a different recount, saying he previously ‘offered to resign.’ Former Obama official Richard Stengel argues ‘the problem with replacing Bolton’ is ‘when someone leaves the Trump administration, they’re never replaced by a better actor.’ stengel Ummm, you got shitty windows MSNBC. honestelaine stengel He WILL be replaced by someone who is not. stengel MSNBC sucks BERNIE SANDERS 2020
Trump agrees to 2-week delay in China tariff increaseWASHINGTON (AP) — President Donald Trump says the United States has agreed to a two-week delay in a planned increase in tariffs on some Chinese imports. Trump said on Twitter on Wednesday... China should stop lending money to the U.S. Sooooo...more market manipulation by POTUS? Cool. 🙄
Trump to delay tariff hikes on $250 billion in Chinese goods until Oct. 15President Donald Trump announced late Wednesday that he will delay implementing higher tariffs on $250 billion of Chinese goods for two weeks. In a series of... realDonaldTrump is so cute with his flip-flopping. so_cute
Trump to Delay Tariffs on China by Two WeeksPresident Trump says the U.S. will delay a planned increase of tariffs on some Chinese imports, an announcement that comes as Chinese and American officials plan to hold another round of talks aimed at taming a trade war. STOCK MARKET USA = insider trading is doing well hahaha at TRUMP 😂 😂 😂 The last two days will pull out the market at the end of the session 3D chess or what! Masterful negotiation tactic by trump. Wow!
Watch: Trump speaks at conference for Historically Black Colleges and Universities, hours after firing John BoltonRoughly 1,800 people are reportedly expected to attend the conference, which draws leaders and representatives of historically black colleges and universities — often called HBCUs — from around the country. No thanks. Fire Navarro and Ross Was Bolton stealing to much glory from Trump?
Watch: Top Trump officials Mike Pompeo, Steven Mnuchin hold press briefing after John Bolton's abrupt exitBolton, in a series of messages to journalists and on Twitter, insisted that he had offered to resign last night. Trotting out Tweedledee and Tweedledum!