The U.S. and China have reached a phase one trade deal in principle. The news sent stocks soaring — the S&P 500 and Nasdaq both closed at records. Stephanie Link, head of global equities research at Nuveen, assesses the progress made in the market environment over the past year. Last year we had tight Fed policy and we had no idea what was going to happen with trade. This year, we have a much more accommodative Fed and it seems like we’re getting some pieces of certainty on trade.

Deferred revenue fell short, however, coming in at $3.38 billion versus the $3.64 billion expected. That earnings projection was in-line with forecasts, while analysts expected revenue of $3.09 billion. Broadcom expects fiscal year 2020 revenue between $24.5 billion and $25.5 billion, compared to the $23.26 billion analysts anticipated. Oracle earned 90 cents per share excluding certain items on revenue of $9.62 billion, while analysts expected earnings of 88 cents per share and revenue of $9.65

The U.K. general election will be held on Thursday, December 12th, 2019. Ken Jack | Getty Images News | Getty ImagesThe U.K. pound jumped more than 2% after an exit poll projected an 86-seat majority for the Conservative Party in the U.K. general election. The exit poll by Ipsos Mori is commissioned by Sky News, the BBC and ITV and is generally considered more accurate than polls leading up to election day. The Conservative Party is tipped to gain around 50 seats in the election, while Labour wo

CNBC’s Jim Cramer on Thursday laid out his case for holding a hard-line position in the U.S.-China trade war. “With each of these items, I see a group of towns that’s been decimated by permanent, normal trade relations with China, just like the towns that made gift wrap for my dad’s jobbing business,” he said. The Trump administration on Thursday signaled that American and Chinese trade negotiators are nearing a “phase one” trade deal, which would be the first sign of concrete progress in the tr

Lyft went public on Friday, March 29, 2019, with a value above $20 billion. Lyft said on Thursday that it’s introducing a car rental service, allowing customers to rent a vehicle without having to go to the counter. “With Lyft Rentals, we’re giving riders the flexibility to rent a car for weekend getaways, business trips, or even to run errands,” Lyft said in a blog post. The rental option includes unlimited miles, and Lyft said it will handle refueling at market price. Hertz dropped almost 6% t

CNBC’s Jim Cramer has taken note of President Donald Trump’s newfound optimism but remains skeptical of the odds that leaders of the U.S. and China will sign on a trade deal in the near future. “I still think the best way to bet on a trade deal is by presuming something’s going to go wrong, even after today’s encouraging developments,” he said, adding he would rather own “stocks that have nothing to do with the trade war, but I know people have been demanding this list.” Earlier in the day, Trum

The stock market has been anticipating a partial trade agreement between the U.S. and China but not the possibility of tariff removal, Strategas Research Partners Chairman Jason Trennert told CNBC on Thursday. “Some sort of rollback of tariffs that have already been established is not priced in,” the strategist said on “Closing Bell.” “And that’s part of the reason why I think there could be a change ” of sectors leading the market rally. To that end, Trennert said his firm has shifted its secto

Here’s what’s going on: The new software includes a new Communication Limits option that lets parents control who their kids can talk to. It’s supposed to let parents block their children from contacting anyone who isn’t in their address book. After the kid adds the number to the address book, they can call, FaceTime or text that number. Children can’t manually go into their address book and add a new one without the parent’s PIN. In some instances, for example, contacts in the address book are

Harvey Weinstein leaves Manhattan Criminal Court, using a walker, following a hearing on December 11, 2019 in New York. “I think it’s an outrage,” said lawyer Thomas Giuffra of the proposed deal, which calls for a pool of $25 million to be set aside for Weinstein victims by insurers of the company that he ran with his brother Bob Weinstein. “It’s a lousy number, it’s way too low,” said Giuffra, who called the overall design of the settlement “crazy.” Douglas Wigdor, a lawyer for three Weinstein

U.S. stocks on Friday were set to add to their Thursday rally as China and the U.S. neared the signing of a “phase one” trade deal, removing a key uncertainty for investors less than three weeks before the end of the year. S&P 500 and Nasdaq 100 futures pointed to gains of about 0.2% to start off the last session of the week. The S&P 500 and Nasdaq were both up 0.7% for the week while the Dow had gained 0.4% through Thursday. China and the U.S. agreed to a so-called phase one trade deal in princ

Lyft went public on Friday, March 29, 2019, with a value above $20 billion. Lyft said on Thursday that it’s introducing a car rental service, allowing customers to rent a vehicle without having to go to the counter. “With Lyft Rentals, we’re giving riders the flexibility to rent a car for weekend getaways, business trips, or even to run errands,” Lyft said in a blog post. The rental option includes unlimited miles, and Lyft said it will handle refueling at market price. Hertz dropped almost 6% t

Congressional negotiators reached a tentative deal in principle Thursday to fund the government as the deadline to avoid a shutdown draws nearer. His backing could affect whether the GOP-held Senate supports a deal. The appropriators met throughout the day Thursday as they pushed for a deal, including with Treasury Secretary Steven Mnuchin. Lawmakers have rushed to strike a deal to dodge a shutdown and fund the government through the rest of the fiscal year, which ends Sept. 30. Congress hopes t

Oracle Chairman and Chief Technolgoy Officer Larry Ellison delivers a keynote address during the Oracle OpenWorld conference in San Francisco on October 22, 2018. Oracle shares moved 3% lower in extended trading on Thursday after the company reported fiscal second-quarter revenue that fell short of analysts’ estimates. Excluding certain items, 90 cents per share, vs. 88 cents per share as expected by analysts, according to Refinitiv. For the full 2020 fiscal year Catz reiterated that Oracle woul

Airbnb said on Thursday that its tourist and occupancy taxes remitted will reach $2 billion by year-end. But compliance with strict regulations could dent Airbnb’s business model, especially as cities around the world look to establish laws around vacation rentals. In Boston, for example, Airbnb removed thousands of listings in order to comply with new regulations. After implementing new rules in San Francisco in January 2018, the company removed nearly 5,000 listings. Correction: A previous ver

Why Indian markets are ‘moving ahead of fundamentals’Pramod Gubbi of Marcellus Investment Managers says Indian markets are “clearly” moving ahead of fundamentals in anticipation of more reforms and stimulus announcements, which could include a personal tax cut.

The staying power of a phase one trade deal is in question: ExpertDerek Scissors of the American Enterprise Institute joins CNBC’s “Power Lunch” team to discuss what a phase one trade deal between the U.S. and China may mean for investors.

We need to see what actually comes out of this US-China trade deal: ProThe Trump administration has offered to scrap tariffs on Chinese goods set to take effect Sunday and cut some existing duties in half, sources told CNBC. Patrick Chovanec of Silvercrest Asset Management joins CNBC’s “Power Lunch” team to discuss what investors should know.

Removal of tariffs would be a significant upside surprise: StrategistCNBC’s “Closing Bell” team breaks down how markets are trading after the U.S. reaches a phase one trade deal with China, according to sources. With Nuveen’s Stephanie Link and Gabriela Santos, global market strategist with J.P. Morgan Asset Management.

More to be done on US-China trade deal, but good first step: US ChamberCNBC’s “Closing Bell” team breaks down how markets are trading after the U.S. reaches a phase one trade deal with China, according to sources, with Myron Brilliant, U.S. Chamber of Commerce head of international affairs.

Stocks jump on headlines that US-China reach ‘phase one’ trade deal—Here’s what three experts say to watch now3 Hours AgoStocks jumped sharply on news that the U.S. and China have reached a phase one trade deal “in principle,” pending approval from President Trump. Here’s what three experts are saying investors should watch next.