First, todays show is brought to you by the letter b thats because bond yields, bullion, big cap tech. Fed chair Jerome Powell gears up for a high stakes speech from jackson hole summit. With bullion up, big tech up, what is up with the market as we gear up for powell, guy . I like to hear you say bullion. I feel like im going to have soup or go back to doing what i used to do back in the day its wonderful you can do an entire show saying that word. Whats up . Risk assets are continuing to go higher based on we talked about this a couple days ago, the fact they said they will be a historic speech for the fed in the way they view inflation, the way they measure inflation and thats why the market took off and i think thats why you saw it probably move today into that speech the things you didnt mention and forget it but they didnt rhyme with b or start with b the russell was down today and the vix closed north of 23 those are two very interesting things to take into consideration along w
That House Democrats may be too afraid, too afraid to transmit their shoddy work product to the senate. Mr. President , looks like the prosecutors are getting cold feet. Neil whether it is cold feet or whatever, the fact of the matter, it is unusual, not unprecedented for the house after impeaching to say, wait a minute, well see exactly what the senate plans to do before we pass along the articles of impeachment to the senate. Wall street journal Global Economics editor jon hilsenrath, democratic strategist capri cafaro, exactly how long the markets will ignore this uncertainty. It is rather remarkable, if you think about it, jon, by and large, actually throughout this process the markets have focused on everything from trade, corporate earnings, the strength of the consumer, the market, housing, not a one, not a one on impeachment. What do you make of that . Well i mean i think the market sees an economy that is doing pretty well. Were going, were in our 11th year of economic expansi
Good wednesday morning, im Carl Quintanilla with Morgan Brennan and jon fortt. The president this morning set to tour the mac pro Assembly Plant with apple ceo tim cook. Eamon javers will raise the curtain on that this morning. Reporter youre playing just the two of us and it is going to be about just the two of them. The unlikely relationship between donald trump, the president of the United States, and tim cook, the ceo of apple cook has spent the past several months cultivating a relationship with donald trump largely, im told, by going through the trump family having conversations about technology with Melania Trump at dinner at the white house. Talking with ivanka trump about workforce issues hes cultivated that phone call relationship with the president. I asked the president why he seems to have such a good conversational ability with tim cook the president told me a couple of weeks ago, the reason is because cook is the one ceo in incorporate america who actually picks up the p
I sawed this loud and clear to everybody. Rob portman back immediate up. Theres nobody more honorable than rob portman of ohio he called up, please let the money go i said rob i hate being the country thats always giving money when ukraine helps europe and the European Countries far more than they help us theyre like a wall between russia and europe. Theyre like a wall. Theyre a big, wide, beautiful wall and he said, you know what but its important in fact, he came out and he said that this was my only reason. Because i dont like being the sucker country we were the sucker country for years and years. Were not the sucker country anymore. But i gave the money because rob portman and others called me and asked. But i dont like to be the sucker and European Countries are helped far more than we are. And those countries should pay more to help ukraine ask a question. Thank you, sir. What did you want on biden . Biden and his son are stonecold crooked you know it. His son walks out with mil
Right now. Lets get it started lets get it started in here good monday morning and welcome to Worldwide Exchange im dominic chu in for Brian Sullivan today here is how your money and the Global Markets are setting their day up, at least to start. Stock futures indicating the dow will open by about 215 points. The s p up by 23 and the nasdaq up by 61 points as well. The bond market right now is already in focus because yields are creeping higher. The yield on the tenyear treasury note right now currently just around 1. 61 . The twoyear note yield 1. 53 . So for those keeping score, that eight basis point spread between the two getting wider after an inversion that briefly happened over the course of the last couple weeks lets go worldwide now in asian trading, Central Banks in china unveiled an Interest Rate reform aimed at helping Lower Borrowing cost for chinesebased companies. That in turn helped send the entire market in asia higher the shanghai composite up by over 2 . The hang son