President trump warns he will smash the turkish economy. Hong kong calms down after a long and difficult weekend. Leadership in beijing should meet protesters. Get you across some breaking news out of south korea right now. This is the current account balance for the month of august, and it is coming in, contacting on the july figure. Billion. In july, it was 6. 9 billion. We have seen rather disappointing export numbers out of south korea, but however, the current account remains in surplus after the chart, dipping into deficit back in may last year. It is trending a little down. The trade war is weighing on career. The current account balance for the month of august, 5. 265 william dollars. Chari. 5. 265 billion dollars. Shery the Trump Administration put 28 chinese entities on a new trade blacklist. The s p 500 was down. 5 in the regular session. Major indices ended in the red and they were fluctuating between gains throughout the session but we had energy and Consumer Staples leavi
Much as 2. 5 after those headlines, now back down to a healthy 1. 5 of a gain. 2925 is where we are. Etail and apparel makers tens spread doing well. The peso in argentina improving just a little bit, but still weaker buy another 3 today. On when we goter those headlines, we saw massive strengthening and the offshore yuan. We are reversing that again a slight little bit, but we went right through the seven mark and 699. 08. Guy the Trump Administration delaying tariffs, as weve learned this afternoon, on some chinese goods until middecember, including iphones. Apple rallying strongly. Buyd by having it best having a pretty solid day as well. We are joined by bloombergs mike regan. The market was feeling its way on the downside. This feels a bit like a short sweep. Do you buy the move . Reporter people are obviously buying it, with the caveat that who knows what the next headline or tweet might send it in the other direction. I think the surprise here is maybeeople were worried Presiden
Would be interested in hiking 127. 19. Ut nevertheless, vonnie we are seeing the rally moderating, but we continue to grind up in u. S. Equities and global equities. China mentioning stimulus measures overnight, and that had companies metals rallying today. We are still up about 1 4 of 1 . A couple of stocks to mention, beyond meat down 20 today. Not exactly the worst day for beyond meat, the underwriter saying on a valuation viewpoint, beyond meat is really full at this point. Sprint down 6 , tmobile down with the state attorneys general filing an antitrust lawsuit against the merger. We will have to see how that plays out. Guy we will certainly see how that one plays out. Basically we are in a situation waiting for the cpi data tomorrow. Will that or will that not confirm whether the fed is going to be delivering a rate a rate cut . The trade tension story certainly there as well. We are trying to figure out what the earnings story is going to look like. My big question, why would yo
Been up one and 1 . But right now, the s p had been up 1. 4 . After last weeks volatility, the question is whether the tip action today will last considering that we also saw frenzied buying friday. We have major averages on pace for two updates in a row. We have into the bloomberg and take a look at the hash g btv 927. Much of january, there are updates. The best month since 2016. February hit and we were down. First twoace for the updates of the three major averages since january. Right now, the s p 500 on pace for its best to up days since the election in 2016. Leadership coming from names including apple, exxon mobil, and j. P. Morgan. These were down in a big way last week. Apple a trigger in some ways for the selloff we have seen. They had a disappointing quarter around the iphone sales and guided the stock. It is still 200 below the moving average. They are not out of the woods yet and perhaps not the selloff. Exxon rebounding nicely. The stock had been down about 17 during the
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