Financial Services Department has been granted a trust license to offer trading and custody a big point. With tell you how that may affect Institutional Investment in the grip of her got a packed show today so lets dive right in. And we begin with. Falling off a 22 month high as christine mentioned on wednesday with a bump in u. S. China tensions and fears of a possible recession are boosting a bid for bonds and pushing toward safe haven assets like gold theres a thing wall street futures were down point 3 percent to 4. 4 percent which is all from the record highs that the stock market has been seen in the last few days and weeks so what set off this tumbling of wall street futures well a couple of things one the u. S. Senate has angered china by passing a bill requiring annual certification of hong kongs autonomy and warning beijing against suppressing protesters. This senate has just sent. Resoundingly message to the Chinese Communist Party President xi that the United States stands
And we got better than expected manufacturing data here in the u. S. , but the imf did lower its Global Growth forecast joining us for the hour is steve grasso from Stuart Frankel you know, we hit these highs earlier in the session didnt hold on to it for very long what do you make of todays action we didnt hear about impeachment. We didnt hear about china trade, really. We havent heard much about a lot of things, but we did hear mostly about were earnings so the market wants to get back to something that they can look at and say, its binary. Either services it was a win, it was a beat, they got it higher or lower and were going to run with the market there. Not enough to make new highs, but were on our way there with earnings, i would guess. It is interesting to look at companies fundamentals, actually push the trade headlines aside just a bit still hopeful, perhaps but let the day be run by earnings its true everybody has been run by macro lately so twothirds of all stocks trade with
Significant reduction in violence and fighting. Yesterday, russia and turkey agreed to deploy their forces across the entire northeastern syria border, filling the void left by president trumps abrupt withdrawal of u. S. Forces. Stoltenberg says it is too early to judge the consequences of that agreement. The body of congressman elijah cummingss lying in repose at Morgan State University in baltimore. A group of mourners led by his willow followed olveras, who wield the casket inside. The historically black college Congressional District and served on the Border Regions for 19 years. Emmanuel macron is set to force an Emergency European Union summit. The french president insists any delays to the october 31 brexit deadline last no longer than 15 days. The european commissioner president is said to favor pushing the deadline back by three months to help avoid a no deal brexit. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in
In the United States, are expected them to cut rate another quarter point, dropping the ball on all of this and president declaring not even two weeks ago that hes an enemy, reminder how easy it is to make friends in the city, dow 75 points, lets get the latest first on the trade front on whats going on there and growing talk that at least the talks are back on and so far no one is throwing dagerds. No one is throwing at each other, the jobs are fundamentally strong, 130,000 jobs in august, 3. 3 over the past months, the white house economic adviser say it doesnt really matter that the jobs missed the estimate because the Labor Force Participation edged up. The people on the fringes of this come are coming in and getting jobs, if you peel back some of the numbers, consumer is still spending and thats in construction 14,000 jobs in construction, half in Residential Home construction, people buying homes, consumers are buying, the other half divided among specialty trade construction and
President and. Want. To go on to be the 1st thats what the book for 3 of the more people that. Interest you always at the waters edge. This is boom bust broadcasting around the globe and covering the world of business and finance and on us all im Daniel Britto and im christiane washington heres the like out what back today it turns have been set by the e. U. America trade but its far from over really in cartagena the president of the u. N. I global union joined that does that if i can bring that in the field. Change tension may have pull between the u. S. And china but its still a highway. Alec a helmet and friendship and break it down and later the roller coaster rages on for bitcoin is a krypto has seen its ups and downs and its not too good coin as all coins have also taken a beating around us about wire adventures and standing by to dig into the details of the bill weve got to talk show to those 2 words head right in. A french road block for the trade deal between the European Unio