Chris Temple wraps up the markets with a look into the recent trade comments out of both the US and China. The most interesting thing is the markets are still optimistic of some sort of a Phase 1 deal even when the overall tone has shifted more negative. With the December 15th tariff implementation deadline approaching will that finally be a time when the markets stop pricing in a deal. We wrap up the call by looking ahead to the jobs data tomorrow.
Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me to share his thoughts on the weak ISM number from today and look ahead to the US jobs data that is coming up at the end of the week. We also dive into the IPO market after WeWork pulled its IPO and some of the other unicorn companies have struggled since going public. Is this a sign liquidity is drying up or finally a come to realization that companies should be generating profits?
Chris and Cory discuss this morning’s U.S. employment data which was not especially noteworthy. It will continue to be market stresses and demands that move the Fed.
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