Concerns over production of the 737 max jet. And positive news on the housing front, as home builder confidence jumps to its highest level in two decades coming up next hour, former treasury secretary jack lew will join us to discuss trade and the economy. You do not want to miss that and with us for the whole first hour of theshow, dan nathan from risk reversal advisers. Dan, good afternoon. Thanks for joining us. Great to be here. More optimism on trade or whatever you want to put it down to is a lot of this news not already out there . Are you surprised to see ongoing rallies to new highs yet again at the end of the day, you like to see followthroughs. So friday, we had a muted react. A lot of investors expected some kind of surge, similar to what we had at the end of 2017 after the big tax cut. A lot of this was priced in. I think the continuation of last weeks rally into this week is obviously pretty establibullish. Also fairly seasonal as we are looking down the barrel of a week
It was some of the regulation that inhibited the development of real Capital Markets. That is in the interest of the european people, wider Capital Market system. Regulators work with governments, whoever, to say lets develop a regulatory system that is the best, not just more. Dont look at changing something is always being a negative. It could be a Huge Positive for the public good. James, let me give you a different twist. Policy donetary we have the right regulatory structure in place to ensure that is something pops, it will not have the kind of affects it had in the past . You always have a risk of bubbles. Fear and greed, the bull in a bear instinct. You are always providing opportunity for a bubble at some point. Based upon what we see certainly in the banking or, its very low. Just on the regulation point, we have been living with this from crisis times. What the regulators did was absolutely necessary and the right thing to do. Banks were over levered, operating with anywhere
Dagen a big show this morning everybody. Of course well be covering the weekend shootings in el paso, texas and dayton, ohio. And the political call even the nationwide call for something to change. Joining the conversation this morning, barons associate editor, jack howell, lee carter and mitch rochell. Welcome, all. So much to cover. So much to cover. I dont even know where to begin today. Dagen a somber morning for this nation, most certainly. Lets start with trade and whats going on in the market. So our top story, trade tensions, Global Futures and markets around the world, u. S. China trade talks at a standstill and possibly taking a step back. The chinese yuan taking a step back, many see it as a response to President Trumps planned tariffs and a sign that any trade agreement is on hold. China hitting American Farmers, asking china asked state owned companies in that nation to stop importing american agricultural products. This is according to bloomberg news. China denying the a
Im phil gal welcome to the Program Members of the European Parliament have chosen that new president for the next 2 and a half years they elected and italian social democrat david saucily whos been an m. E. P. For 10 years the motion strasberg it completes the lengthy process of filling the e. U. Stop jobs e. U. Leaders have nominated candidates for 4 other posts with German Defense minister on the line for Commission President the European Parliament must ratify that nomination before ms fonda line can be appointed and thats far from a done deal. Straight to the straight to strasburg that might be found d. W. B. Correspondent hoffman welcome where is the opposition to the line coming from. The opposition is coming from all sides for example from the social democrats who are disappointed that they couldnt have their lead candidate who campaigned for them funds in the lead for that position also from the greens but the doors opened at least with the greens who said it depends on what ki
2. 2 on the hang seng sessions. That should take us below the 100 day moving average. Jakarta, nothing much so far. It would take the trunk of Southeast Asian markets. We should be looking at some steep losses. Mse i china down to percent. We are watching out for that. The bonsall of taking place separately. We are softer in crude but it has not been solved for seven weeks of gains on this. Yvonne it is interesting. When you look at how the little space everyone has been pressing down the slowdown in china. Youre not seeing that and it will markets. We will demand in china is looking strong given the pent up demand in travel. Maybe that is the bright spot to the commodity space. Look at Country Garden, this is the story that keeps on giving in some ways. Your of Morgan Stanley same default risk is moving. All those gains we sell post politburo have evaporated. David s they are on the csi 300 which should be at 3800. What is the price target of Morgan Stanley . Yvonne . 75. David 75 mor