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Trump to speak soon on tax deal

CNBC's Eamon Javers reports President Trump will soon speak to Republican leadership and press about the tax bill.

  • MEG Bidding War Begins After $2.3 Billion Husky Rejection
    Finance
    Bloomberg

    MEG Bidding War Begins After $2.3 Billion Husky Rejection

    The Calgary-based oil-sands producer said on Wednesday that its board unanimously rejected the unsolicited bid Husky made last month, arguing it significantly undervalues the company and that it expected superior offers to emerge.

  • Stocks Tumble, Treasuries Rise as Caution Prevails: Markets Wrap
    Finance
    Bloomberg

    Stocks Tumble, Treasuries Rise as Caution Prevails: Markets Wrap

    Earnings misses from a several U.S. industrial firms and a Bank of America downgrade of the housing sector fueled worries that higher interest rates and the trade war are hitting profits. The weakness in American stocks comes after China sank overnight, bringing losses in its major benchmark to 30 percent

  • Nike upgraded, problems at Tesla, changes at Constellation Brands
    Finance
    Yahoo Finance

    Nike upgraded, problems at Tesla, changes at Constellation Brands

    Nike, Tesla, Constellation Brands, Dine Brands Global and Beyond Meat are the companies to watch.

  • Finance
    Bloomberg

    EU Says Italy's Planned Budget Deviation is ‘Unprecedented’

    Bonds plunged as Commissioners Valdis Dombrovskis and Pierre Moscovici wrote to the Italian government requesting changes to its draft budget plan by Oct. 22. “We are writing to consult you on the reasons why Italy plans an obvious significant deviation of the recommendations adopted by the Council

  • Starbucks to let Mexico's Alsea operate stores in four European markets
    Finance
    Reuters

    Starbucks to let Mexico's Alsea operate stores in four European markets

    Starbucks Corp said on Thursday it would give its longtime partner Mexico's Alsea SAB the rights to operate its cafes in France, the Netherlands, Belgium and Luxembourg as the coffee chain tries to streamline its operations in markets where sales have struggled. Starbucks said it will sell 83

  • Finance
    Bloomberg

    Dan Loeb Comes Out Swinging in Campbell Soup Fight

    The video targeting retail investors chronicles “the sad story of Campbell’s sustained underperformance and track record of destroying shareholder value,” Loeb’s Third Point said in a statement. The activist investor has criticized the company’s performance and the outcome of its recent strategic review

  • Finance
    Bloomberg

    Fed's Quarles Favors Gradual Hikes With Eye on Potential Growth

    In remarks prepared for the Economic Club of New York on Thursday, he suggested that a tick up in the economy’s potential growth rate, if realized, could warrant a slower pace of rate hikes than would otherwise be appropriate. In a rare speech on the economy from the Fed’s vice chairman for supervision

  • Finance
    The Canadian Press

    The Latest: Deliberations start in 1st waterslide death case

    Jurors are deliberating in the trial of two water park employees charged with obstructing the investigation into the death of a 10-year-old boy at a Kansas water park. KSHB-TV reports that the case against David Hughes and John Zalsman went to jurors Thursday morning. Prosecutors say Hughes and Zalsman

  • U.S. probes 54,400 Ford trucks over tailgate complaints
    Finance
    Reuters

    U.S. probes 54,400 Ford trucks over tailgate complaints

    The National Highway Traffic Safety Administration (NHTSA) said Thursday it had opened a preliminary investigation into 54,400 Ford Motor Co pickup trucks after receiving five complaints that tailgates had unexpectedly opened while the vehicles were in motion. The agency said the investigation was

  • Finance
    CNBC

    Four market experts weigh in on the biggest risks to the oil market

    As crude hits a one-month low, four market experts weigh in on the biggest risks to the oil market

  • NDP calls on Liberals to further reduce credit card fees paid by small business
    Finance
    The Canadian Press

    NDP calls on Liberals to further reduce credit card fees paid by small business

    The federal New Democrats are calling on the Liberal government to lower and cap the fees credit card companies collect from small businesses. Last summer, Ottawa announced voluntary, five-year deals with Visa and MasterCard to trim the fees to an average annual effective rate of 1.4 per cent — down

  • It's official: Apple sends out invitations for the new iPad event on October 30 (AAPL)
    Finance
    Business Insider

    It's official: Apple sends out invitations for the new iPad event on October 30 (AAPL)

    Apple will launch new products in Brooklyn, New York on October 30.Apple launched new iPhones and Apple Watches last month, so analysts expect Apple to launch new iPad Pros and MacBook laptops at this month's event. Apple could also launch AirPower, the wireless charger for iPhones that is supposed

  • Majority of first-time buyers maxed out budgets to buy a home: CMHC
    Finance
    The Canadian Press

    Majority of first-time buyers maxed out budgets to buy a home: CMHC

    A majority of first-time homebuyers say they maxed out their budgets when they bought their homes, according to a survey released today by the Canada Mortgage and Housing Corp. The federal housing agency says its annual mortgage consumer study found that 85 per cent of first-time buyers reported spending

  • Finance
    CNBC

    Gary Cohn: President Trump shouldn't comment on independent agencies like the Fed

    President Donald Trump shouldn't be criticizing independent federal agencies like the Federal Reserve, his former top economic advisor Gary Cohn said Thursday.

  • Finance
    Bloomberg

    Mad Cow Disease Found in the U.K. for First Time Since 2015

    The disease, also known as bovine spongiform encephalopathy or BSE, was confirmed on a farm in Aberdeenshire, eastern Scotland, according to a government statement. “The Scottish red meat industry has a global reputation for the quality of its produce," the government said in a statement. If BSE

  • Oil Trades Near One-Month Low After U.S. Crude Stockpiles Surge
    Finance
    Bloomberg

    Oil Trades Near One-Month Low After U.S. Crude Stockpiles Surge

    U.S. inventories rose 6.49 million barrels last week, according to government data, more than twice the amount forecast in a Bloomberg survey. West Texas Intermediate for November delivery fell 27 cents to $69.48 a barrel at 11:11 a.m., on the New York Mercantile Exchange.

  • Bolsonaro, Like Trump, May Bring a Stock Rally and News Outburst
    Finance
    Bloomberg

    Bolsonaro, Like Trump, May Bring a Stock Rally and News Outburst

    Traders foresee something similar to what happened in the U.S. after Donald Trump’s election on Nov. 8, 2016, which was followed by an almost 5 percent rally in the S&P 500 Index through the end of the year. Bolsonaro seems to prefer Instagram, where he sends his 5 million followers photos of himself

  • Finance
    CNBC

    Apple announces October 30 event where it's expected to announce new iPads and Macs

    Apple just announces a press event where it is expected to announce new iPads and Macs.

  • Square's new device makes a big play for small businesses
    Finance
    Yahoo Finance

    Square's new device makes a big play for small businesses

    Square's new $399 device hopes to capture a tranche of new business, targeting the million-plus sellers across the U.S. that use traditional credit card terminals.

  • What to Watch in China GDP Report: Trade, Autos, Manufacturing
    Finance
    Bloomberg

    What to Watch in China GDP Report: Trade, Autos, Manufacturing

    Gross domestic product probably expanded 6.6 percent from a year earlier in the third quarter, according to a Bloomberg survey of economists ahead of the report, due Friday morning in Beijing. Forecasters also expect data on retail sales and fixed-asset investment to show growth held steady in September

  • Market sell-off intensifies after Mnuchin drops out of Saudi conference
    Finance
    Yahoo Finance

    Market sell-off intensifies after Mnuchin drops out of Saudi conference

    All three of the major indices opened lower on Thursday jobless claims fell.

  • Activision Slips as Call of Duty Launch Sales May Disappoint
    Finance
    Bloomberg

    Activision Slips as Call of Duty Launch Sales May Disappoint

    Kanterman says there is nothing to fret about. Analyst Michael J. Olson notes the launch was “pulled forward from its historical November launch timing, important given early sales of this year’s version will not benefit from the approaching holiday season as much as previous years.” He says the numbers

  • Oil dips but pares losses with Wall Street bounce
    Finance
    Reuters

    Oil dips but pares losses with Wall Street bounce

    In early trading, global benchmark Brent crude fell below $79 per barrel, or as much as 1.7 percent the day after a U.S. Energy Department report showed the fourth weekly increase in U.S. crude stocks. Oil prices reversed course as U.S. equities came off session lows. Oil prices remain under pressure

  • The Latest: EU says it will be rigorous with Italy on budget
    Finance
    The Canadian Press

    The Latest: EU says it will be rigorous with Italy on budget

    EU Commission chief Jean-Claude Juncker says the EU has always been generous with Italy when it comes to assessing its budget, but that the latest draft presented this week would be rigorously vetted to see if it meets EU standards. Juncker said after Thursday's summit that some EU leaders had already

  • Warburg Pincus Is Considering $3 Billion Navitas Midstream Sale
    Finance
    Bloomberg

    Warburg Pincus Is Considering $3 Billion Navitas Midstream Sale

    Navitas has hired investment bank Jefferies Financial Group Inc. to run an auction process, said the people, who asked not to be identified because they weren’t authorized to speak publicly. No agreement has been reached and it’s possible Warburg may keep the company. A representative for Navitas didn