Downgrading most advanced economies. You can see right there, these numbers 3 for the world, 2. 4 for the u. S. , 1. 2 for your area, 6. 1 for china. These are all down you see there from the prior forecast and also mostly except for japan down from last year. The imf saying in its report, Downside Risks elevated. Brexit related risk to hinder confidence and growth. Theyre down on this trade issue. Very quickly, they do see something of a moderation next here in 2020 we go back up to 3. 4 it isnt the advanced economies this get there theyre looking for a turn around in emerging markets and developing countries four things the imf notes needs to be done theyre saying International Response may be needed if things get worse from here. They say Monetary Policy cannot do it all. There is a financial risk created from low Interest Rates there. Fiscal measures to help with the slowdown along with structural reforms. Carl that is big news, steve were going to dissect a lot of that with the ea
To asia fx today. 68823 as we speak. Lets show what we are watching when it comes across assets. The u. S. Tenure after powells talk in paris. It did not change much. The rate cut in july is a done deal. We are seeing this gradual trend where yields are rising back a slightly here once again. U. S. Futures not doing a lot. The singapore dollar, that will be an interesting one to watch given that terrible picture we saw out of trade and exports from singapore. We mentioned how bad it was. Mostly driven by those electronic exports which saw more than 30 drop for the month. We are watching the pound as well. 124 here. It was pretty quiet yesterday. We saw the biggest fall and lowest in 27 months now. It seems like the market is now contending with this new government. How are they going to deal with these brexit situations now with the eu . It looks like further pain to the pound. David 12351 is your next low to watch. Argument to make an for the dollar to fall if these things keep happen
Halftime Investment Committee is lining up with their buy list. And Richard Fisher, and Blackrocks Rick Rieder are with us live. Halftime report with scott wapner starts right now. Welcome good to have you with us our Investment Committee is at the table today. Lets begin with that new milestone for your money, stocks surging to a new record high june now the best month in almost four years. Joe, theres a lot in the market now. Considering 100 prediction for the fed in july. How high can stocks go stocks can continue to go higher and they continue to go higher because west diversification story. We dont have the overattraction to the momentum equity oriented type names youre looking at apple and amazon and netflix that are still below their highs from last september, so last time that we visited these levels, okay, what we experienced was that momentum is where everyone was and it was crowded i think whats you anything and the reason we can propel high they are time the market is focus
Trump and you jinping say they will meet at the next summit. At the u. S. President not softening the rhetoric. We are either going to have a good deal and a fair deal or we are not going to have a deal at all. The white house explored demoting jay powell. And iag puts in an order for 200 of boeings grounded jets. Theceo says get on board max tomorrow. More to talk about with regards to the aviation sector. Wax today, maybe we will find out about who is going to follow him. November inuntil office. We will hear from Jeanclaude Juncker. There is that horse trading going on in brussels. If it is not going to be a german, she is probably going to want to have a german in charge of the ecb. The dovishat change policy mario draghi wants to put in place . The key personnel decisions, crucial to where the central banking decisions go. We are not expected to go anywhere in a hurry. Similar to u. S. Futures, range bound, waiting for that big decision later on today. Get. Uidance we the statemen
Years, along with china and others. Alix and today is the start of the fomc meeting, and hes been putting a lot of pressure on them. What are you guys doing for me and my growth . David it is fascinating that hes really accusing them of being a currency manipulator. Alix we have another headline crossing, saying that they a rate cut as a primary tool for stimulus, outlining what draghi said. What is surprising in that headline is that the rate cutting will be the primary one. David particularly because he mentioned Forward Guidance and the asset purchase program. Now the report is that when they do it, they are going to do it through the rate cuts. Alix to me, the question is how much lower do you want to go . You are already at a 40 basis points. How low do you go, and what does that mean for your tltro, the longterm Borrowing Program . David and ultimately, is that going to get them to do percent get them to 2 . They havent gotten close. Alix our other story is facebook, so staying w