Shery take a look at how markets are trading at the moment. We saw u. S. Futures unchanged but the s p 500 gaining. 25 in this session. We had seen u. S. Stocks drifting throughout the session. Saw gains toward the end of the session. Not to mention that Energy Stocks were the biggest losers at the end of the session. Wti coming back under pressure again, down. 7 , and below that 60 a barrel level. We had banks also underperforming the broader markets. We saw the 10year yield pull lower toward 1. 8 . This, of course, ahead of the fed Rate Decision, and the fed Rate Decision coming out a time when we are seeing some turmoil in money markets. Take a look at this chart on the bloomberg showing you how the repo rate surged as much as 10 at one point. That took the red funds effective rate to 2. 25 the fed funds effective rate to 2. 25 . This coming at a time when we have seen wall street struggling to absorb that extra treasury debt coming on the market because of this increasing budget de
Official think lowering to a negative rate will not provoke a backlash. Attention on the trade war. The deficit seen widening last month. Lets get a quick check of asian futures right now. In japan we got the nikkei futures pointing modestly higher. A similar story and south korea. While here in australia we have got futures pointing higher. New zealand been trading for an hour now. Not a great deal of action to report. Paul shery ahn u. S. Futures not doing much of the moment. After stocks drifted throughout the session, and then we had a slight uptick for the s p 500 to gain. 3 . We have consumer shares rounding and Energy Stocks were some of the big losers. Losing a lot of ground after that huge surge we saw a 15 for crude monday and continuing to fall below 60 a barrel. We also have banks underperforming. Ahead of thatll fed Rate Decision on. Wednesday ahead of that, we are now seeing the money markets and turmoil. Take a look at this chart on the bloomberg. We saw the rates surge
Candidate steve forbes, im going to let you talk amongst yourself and let you talk, so interesting what you have to say about all the topics for the day and whats going on in this country whether its china trade, im going to sit back. Dagen, you never sit back, not for long. Dagen is that a compliment . [laughter] dagen former u. S. Attorney on new immigration rules of birthright citizenship, a lot of confusion, here to clear it up, member of the House Appropriations Committee Chuck on china, former Senior Adviser to george w. Bush, karl rove and brian kelly on lastminute Labor Day Travel destinations, you do not want to miss any of those fine gentlemen. Right here right now signs of hope sparking rally, futures to the plus side bigtime this morning at 245point gain on dow futures, china says it will not retaliate against latest rounds of tariffs set to go into effect on sunday, chinese spokesperson saying that the country hopes to instead discuss removing the new tariffs in order to p
As the u. S. And china prepare for another round of trade talks. It is a sharp acceleration in the terms of the two sides. Neither side wants to be the one that walks away from these talks. Hong kong withdraws unpopular law but unrest continues. You can see the level that has been built up. Reporter argentinas debt crisis deepens. They have to do something to contain the flow of dollars out of the country. Reporter the fed given more food for thought. A strong correlation with the recession ahead. Not a great report, it is decent. We want to remove obstacles to Economic Growth. Reporter the top interviews on topics from trade to race. These give us reason to double down our efforts. Low Interest Rates have significant effects on turnover. We have the fundamentals right to deal with a slowing Global Economy. Reporter it is all straight ahead on bloomberg best. Kailey hello and welcome. I am kailey leinz. This is bloomberg best, your weekly review of the most important analysis and inter
In the terms of the two sides. Neither side wants to be the one that walks away from these talks. Reporter hong kong drops and unpopular law but unrest continues. You can see the level that has been built up. Reporter argentinas debt crisisreporter deepens. They have to do something to contain the flow of dollars out. Reporter the fed more food given more food for thought. A strong correlation with the session ahead. Not a great report, it is decent. We want to remove obstacles to Economic Growth. Reporter the top interviews on topics from trade to race. These give us reason to double down our efforts. Low Interest Rates have significant effects on turnover. We have the fundamentals right to deal with a slowing bubble economy. Reporter it is all straight ahead on bloomberg best. Hello and welcome. I am kailey leinz. This is bloomberg best, your most important analysis and interviews from Bloomberg Television and around the world. Lets start with a day by day look at the top headlines.