The pound is rallying. Tenyear back to 17 now as that threemonth tenyear curve goes positive road map begins with a trade boost, stocks set for a sharp rally at the open as optimism for a skinny trade deal is growing. Oil prices jumping this morning, this after iran says two missiles struck one of its tankers. Gms urging the uaw to engage in around the clock bargaining to reach a deal and potentially end the more than three week long strike. Were going to begin with u. S. china trade talks, lighthizer, mnuchin, greati ingg chinas vice premier the president and the vice premier set to meet this afternoon. Yesterday, the president was upbeat about the talks take a listen. Were doing very well, were having another one tomorrow. Im meeting with the vice premier over at the white house. And i think it is going really well i will say, i think it is going really well. So we had a very, very good negotiation with china theyll be speaking a little bit later, but theyre basically wrapping it up
Welcome. What at a day and what a week. On this friday, the market got a little of what its been looking for, a partial trade deal. President trump met with chinas vice premier at the white house where the two sides announced the first phase of what they call a substantial trade deal. Investors were upbeat all day ll about something. Anything happening. And they got it. The Dow Jones Industrial average advanced 319 points to 26816 after rising more than500. The nasdaq was up 106 and the s p 500 rose 32. And all major indexes were higher for theeek on the hope that progress was being made in trade. Bob pisani has more on the markets response. The rally rolled on today with the dow having the best day since early june. All three major averaging snapping threeweek losing streaks. Investors cheered prospec of a china trade deal how much more steam does the rally have. The s p moved 40 1 from the oltd highs. Does the mini deal get the markets through christmas . General consensus among trad
Reportfror ay, october 11th. Good evenin everyone and welcome. What at a day and what a week. On this friday, the market got a little of what its been looking for, a partial trade deal. President trump met with chinas vice premier at the white house where the two sides a founced thest phase of what they call a substantial trade deal. Investors were dbeat all about something. Anything happening. The dow jndustrial average advanced 319 points to 26816 after rising more than 500. The nasdaqasp 106 and the s p 500 rose 32. An all major indexes were higher for the week on the hope that progress was beingaden trade. Bob pisa has more on the markets response. The rally rolled on today with the dow having the best day since early june. Snapping threeweek losing streaks. Investors cheered prospect of china trade deal how much more steam does the rally have. E p moved 40 1 from the oltd highs. Does the mini deal get the markets through christmas . General consensus among traders is its not clear
Testify on the stability of the Financial System. You are watching live coverage, here on cspan3. Committee on banking and urban affairs will come to order. Secretary yellen has been flexible with the schedule. We had to change the time from yesterday to today. She has to leave at 11 30 and we will respect that. I will enforce the fiveminute rule on myself and everybody else. Thank you for understanding this. For a long time it has been clear what gets rewarded on rall street wall street. Bigger profits mean fatter bonuses and then we end up with a wall street culture that ends up glorifying seeing just how much they can get away with. When their bats fail, the taxpayers in our Community Clean it up. That is what fiascoes boil down to. It leads to an economy of excess and a shrinking middle class. That is how we got east palestine. And the ceo of stellantis making three times what the average worker makes. We saw that plan play out with poorlyrun banks putting profits above Risk Manage
Here on cspan3. Committee on banking and urban affairs will come to order. Secretary yellen has been flexible with the schedule. We had to change the time from yesterday to today. She has to leave at 11 30 and we will respect that. I will enforce the fiveminute rule on myself and everybody else. Thank you for understanding this. For a long time it has been clear what gets rewarded on rall street wall street. Bigger profits mean fatter bonuses and then we end up with a wall street culture that ends up glorifying seeing just how much they can get away with. When their bats fail, the taxpayers in our Community Clean it up. That is what fiascoes boil down to. It leads to an economy of excess and a shrinking middle class. That is how we got east palestine. And the ceo of stellantis making three times what the average worker makes. We saw that plan play out with poorlyrun banks putting profits above Risk Management. And Small Businesses all over the country worry about how they can make thei