Declines across the middle east and asia, impacting early trade in europe. A slowing in chinas Services Expansion weighs on sentiment but trade tensions lift as beijing prepares to send a delegation to washington to sign the phase one deal with President Trump. And japan vows to tighten its immigration rules after the countrys first prosecutors break their silence on Carlos Ghosns escape, calling it illegal and unjustifiable. Welcome to street signs, everybody. Our top story today, there have been International Calls for calm after iran announced it would abandon its commitment to the nuclear deal following the killing of general Qasem Soleimani. They have urged washington to, quote, not using force while calling for restraint from both sides. Germany worries the roll back on Irans Nuclear commitments could be the end of the 2015 commitment javad zarif said the pullback is capable. We are seeing reactions in the market today a sentiment has certainly taken a hit on the back of this esc
Expected to be signed tomorrow headlines injecting uncertainty on existing tariffs and after hittinga new alltime high, apple is now the biggest drag on the dow. Well have much more on why later in the show. We are up 50 points on the dow steve grasso with us for the full hour. Steve, todays session yo yoing. The bottom line though is the deal should be signed tomorrow and the rest of it we kind of knew. It seems like the market is looking for a reason to sell off. You have bulls that want a better entry point, bears that want to push it down and any headline that allows them to do that, theyre going to roll with its about china today i think its going to be about earnings coming up if you really look at where we are in the s p, the 3300 level is pivotal and if you look at earnings, if we fall short, the market will tank and thats a big word tank is a big word. Its a big worry when you say wheres the market going or where do i think its going, i think it will be legitimate to say a 7 t
Welcome to daybreak europe. Investments slowed in china and gdp hit 6 . That is below the forecast of 6. 1 . Industrialy Strong Production data was a bright spot, but the chinese economy is likely to lose momentum. In terms of market momentum, we move to the downside on the shanghai composite. It has been a mixed picture overall. We will dig into the trade war. We saw gains on the s p 500 yesterday in the u. S. Euro stoxx 50 futures into the red. The 10 year yield tips to a 174 handle. The bloomberg dollar index near a july low. Prices givingairy the kiwi dollar a lift. The worst performer, the pound. Pulling back from a five month high. Yesterday, risk reversals. Volatility still near that 2016 hi, talking about one week volatility on cable. 12849. Back to the brexit story. After frantic negotiations just days from a deadline, Boris Johnson has reached a brexit deal. This is how he described it. This is a great deal for our country, i also believe it is a very good deal for our friend
For the imf meetings but lets get a check on the markets as investors digested the data out of china earnings will be coming through in europe. We struggle a little bit and stoxx 600. Cable is coming off a fivemonth high. A lot of concern going into this weekend and what parliament will vote on in terms of the brexit deal. We are talking about potential rate hikes. Coming up, we hear from the Vice President of the european atmission that 1130 time 11 30 a. M. London time. And still to come, we speak to bank of England Governor Mark carney at 5 30 p. M. London time. Definitely not want to miss. All of those conversations from the Imf World Bank annual meeting. Lets get first word news in new york. We begin with the ceasefire in syria. The u. S. And turkey agreeing to a break in hostilities to allow kurdish fighters to withdraw. Once the ceasefire takes affect them a donald will remove this weeks sanctions, but u. S. Senators from both sides say the deal does not go far enough. Reluctant
Welcome to power lunch. A lot doing on the dow is up triple digits, although off the highs of date that is about 0. 06 of a gain. Take a look at abeBed Bath Beyond, the best day in almost two deck asd ades on its annount of a new ceo and Kayla Tausche is outside the room where it is all happening in washington today. Reporter and inside the ustr building just behind me, we are expecting that lunch is wrapping up and that some of the lower level officials are going to be returning for an afternoon negotiating session that were expecting to last about four hours. And then around 6 30 p. M. , the two sides will host a dinner that white house Officials Say is going to be a celebration of sorts. I was told last night that it was a rather fancy and special affair, were still awaiting the location on that one of course the main event is going to be tomorrow as we now know, President Trump tweeting that he will be meeting yet again with chinas vice premiere in the oval office he says that chin