Thatdominated yesterdays action, that along with chinas currency move. Overnight Chinas Central Bank setting the yuan mid point firmer than many expected. That happened at 9 00. We saw a turnaround in u. S. Equity futures which were down overnight as much as 600 points at the lows. Right now a positive open across the board. S p looking to be up by 11 points dow jones up by 102. The nasdaq looking to recoup 44 points as for u. S. Treasury yields, we saw a 2016 low also. We had the tenyear note at 1. 758 overnight we breached that 1. 7 level. A key level here. We have cnbc reporters everywhere this morning covering the Market Reaction to this escalating trade war willem marx is in london well get to him in a moment, but across the world to china. Eunice yoon is on the ground in beijing. Reporter china strongly opposes being labeled a currency manipulator. The central bank, which manages a floating currentry cy exchang rate called the move unilateral protectionist behavior that violates
Swing of 70. 5 points, the lowest in at least three months. Caroline down 12 on the dow. Romaine lets dive into the action with our markets reporters. Abigail, get us started. Abigail i am on amazon watch because it is the first day of the annual prime day sale event for amazon. Im watching the 1 trillion mark with amazon almost there, similar to earlier last week when it be fluent above 1 trillion. Same thing last september. This year, a huge run up. Now about 7 billion away. It will be interesting to see as reports come in whether it will be enough to push the shares above 1 trillion. Emma i was watching oil tumbling below 60 a barrel and suffering the worst loss in about two weeks. A couple of reasons for this, hurricane barry moving inland allowing drillers to restart production in the gulf of mexico but also the longterm outlook for prices was brought into focus with data from china. Economic growth slowing to a threedecade low. The trade dispute continuing to weigh on sentiment.
Streets of hatred and civilians. Scramble for food and waltz as gangs taking their grip on the capital. The senegalese Opposition Leader also in the sancho has been released from jail. Suppose as have been gathering that sancho as how designed in other parts of the capital cost to celebrate his release president ial candidates, backed by the opposition as also being free. The release comes just ahead of the president ial election, which is scheduled for march 24th nicholas sock has more from dell con of the for the. 1 delay in february the 4th political prisoners. The other 20 people have been killed by is very firing garza. And yet another attack on palestinians waiting for aids that were not the co way c rhonda bar. It is a key location looking north inside of gaza. Shots are set to being fired from it is really helicopter more than a 150 people have been injured. Its the 2nd attack on the roundabout in 2 days and rescue teams have been trying to find survivors in the rubble of destr
Were always keeping an eye on tech. For example, apple share, can they stem what has been a sevenday slide . Chip stocks, though, continue to outperform. And the other big story, that weight loss boom and novo nordisk overtakes the market. Market reaction to the jobs number, not just the headline and the unemployment at 3. 9 but revisions taking about a third away the last couple of months. I think those of us who are used to the precision of Artificial Intelligence and generative a. I. Are just in shock that there could be a number thats this far off. This is the kind of thing that jensen huang could solve with his eyes closed. Why its so important, this takes away what was the hot number that made us a great threat and took away a spring rate cut. 3. 9. We know they remind me of the dow jones average. Very interesting headline, but its not really whats at the guts of this, but in a political year, what that says is, hey, look, the economy is slowing and maybe the fed should have pres
It means that they are preparing for something else, in my opinion, and here then in this case it arises, well, since it doesnt matter there there is no consensus, so to speak, there is a lot of discord in washington right now, in my opinion, it cant end in anything other than a civil conflict, but before this conflict passes, we are really between two dangers, or maybe some combination of these two dangers , yes, get involved in one, two, so to speak, probably in two parts. World, lets say, into conflict, well, because there are not just the interests of some abstract america, democracy there and so on, but really the same elite groups, because taiwan is not only a processor, they have already evacuated, they are trade routes, and the south china sea, well, here my colleague will tell you in more detail, so to speak, these are also trade routes, if you lose control over them, you will lose a lot of things, in this sense, for example, here is another important point this american law o