Than 25 years ago as much progress towards peace in the middle east by uniting few of americas closest and most capable partners in the region something which could not be done this deal is a significant step towards building a more peaceful secure and prosperous middle east israels Prime Minister Benjamin Netanyahu says the deal will lead to a new era in relations with the arab world but he added that although the annexation plans are now on hold they may still go ahead sunday with support from the United States. The political interim president trying put the annexation into his peace plan those who criticize me should know i said time and again that an exaggeration will only be made in accordance with the United States without that it is worthless and it will damage the settlements so President Trump who is one of israels greatest friends has aust israel to temporarily hold the an exaggeration in order to conduct peace with the u. A. E. And i have not given up the an exemption yet an
S p is now down 2. 25 the nasdaq is off by 40 points that happened after news that we heard from beijing that well tell you about in a moment Interest Rates are a huge part of the market story. Yesterday we saw the inversion of the twoyear and the tenyear yield. So shortterm bonds are paying more than longterm bonds. Historically this is considered a recession warning sign check this out the 30year bond this morning is now yielding below 2 . This is the first time in history weve seen the 30year below 2 1. 99 . Tenyear is yielding 1. 557 . The twoyear is yielding 1. 54 lets look at what happened in markets overnight in asia. Things got a slower start there. The nikkei was down out of the gate it ended down by 1. 2 . In china, stocks are stronger. Shanghai is up by a quarter percent. The hang seng up by three quarters of a percent. In europe, there is active trading taking place, you are seeing some red arrows across the board. The biggest decliner of the three major averages would be t
Bond market barely budged today. Was todays rally the last best chance to sell we dont want to rain on anybodys parade we are sure a lot of people out there are very happy that stocks rallied today, but at the same time for an asset class, the bond market that has moved so, you know, extraordinarily in the past week and a half or so, for it to barely move today, thats a head scratcher. First of all, lets be clear. Love mariah carey whenever i can get her, especially in the heat of the august summer season. But what you are talking about is treasury is at three basis points we havent been here since 2007. You have a dynamic with the bond market, long bond about to set historical lows. Lets talk about the rest of the world. In germany theres zew Economic Confidence back in 2011 levels when we were talking about green chutes or so it seemed. If you think about the equity markets euphoria today and is it a gift from santa or truly just a reminder that the market is responding to headlines
Power lunch starts right now welcome to power lunch this september friday. Stocks are on session highs. The dow topping 22,000 for the first time in two weeks. Nasdaq trying for another record the s p 500 having its best week since april. All three major averages on track for a second straight week of gains check out movers wynn resorts trading at levels not seen in two years. The big news today, american jobs creating engine wilting a bit in august. Only added 156,000 jobs last month, below the 180,000 that economists expected. Senior economics reporter Steve Liesman is here to take us inside the numbers it is cooling, coasting, stabilizing . A lot of negative words used in the intro i dont know if i agree. Job growth did slow. Came in below expectations but is a decent report the population is growing at 80,000 thats what we should expect were almost double that number, still enough to take some workers off. Ism manufacturing, one of the highest numbers in a while more about that in
A man who knew the hotel well. He says his neighbors are among those trapped inside. Also coming up, u. S. President elect donald trump touches down in washington dc ahead of fridays inauguration. We go live to the u. S. Capitol to hear what is happening. Trump is promising a very special, very beautiful event. Brent it is good to have you with us. Tonight, the gambia is holding its breath amid reports that senegalese troops have marched into the west african nation. Gambias new leader, adama barrow, who was sworn into office in senegal in his nations embassy short while ago, triggering the military crisis. Outgoing president yahya jammeh is clinging to power tonight. The troops from senegal and other african nations say they will forcibly remove him from power if he fails to step down. The Un Security Council has voted unanimously to back barrow but is calling for a peaceful transition. We want to take you now to the gambia. Our correspondent is in the city monitoring developments for