Happy Hump Day!
The markets were up nearly 200 points an hour after the markets opened on trade optimism.
Donald Trump raised the prospect of an extension to the March 2 deadline, when tariffs on $200 billion worth of China-made goods could increase to 25% from 10%.
"If we're close to a deal where we think we can make a real deal and it's going to get done, I could see myself letting that slide for a little while," Trump said. "But generally speaking, I'm not inclined to do that ... we're doing very well over in China."
Jim Cramer discussed why he thinks that investors should take a cautious tone when looking at the trade talks because multiple sides are saying different things.
T-Mobile and Sprint's Merger
Executives from T-Mobile (TMUS) - Get Report and Sprint (S) - Get Report will defend their $26.5 billion merger in front of a skeptical Congress Wednesday, arguing that joining their companies won't hurt competition or raise wireless service prices, wrote TheStreet's Joseph Woelfel.
The deal, which must win approval from federal regulators, would combine the nation's third- and fourth-largest wireless companies, creating a new company roughly the size of telecom giants (VZ) - Get Report and AT&T (T) - Get Report .
Shares of the switch king were up a hair near Wednesday's opening bell as Cisco expects to report fiscal second-quarter results after the close. Analysts debating the outlook are expecting earnings per share of $0.72 and revenue of $12.4 billion to be the metrics for any earnings move.
The tepid move comes after a run of 10% in the last month and a rise on Tuesday despite a downgrade from Morgan Stanley, which thinks shares of Cisco may be running a bit too hot.
Ahead of earnings, Cisco isReal Money's Stock of the Day.
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