Higher carrots and tougher sanctions now while it seems that the risk of a full blown currency wars are now at diminished both economies have been ravaged by the ongoing trade war so after all the dust settles who is in better shape now lets take a look at this this shows the 4 major Central Banks the e. C. B. The bank of japan the peoples bank of china and the fed over in red and their total assets so what do you notice here this is a really interesting trend right now because all of the worlds Central Banks are kind of converging together and coming together at a very similar valuation up here but then theres the one the fed thats actually breaking the trend here everyone else has come to an equal stance at about 5. 2 trillion in assets but the fed has been on autopilot to reduce its Balance Sheet the reverse of everybody else they did so through a series of quantitative tightening starting at the end of 2017 but now this has resulted in a liquidity drain that is tightening the u. S.
True chinese trade delegation will travel to washington in september to conduct the next round of face to face negotiations and its most recent statement on thursday china indicated that it might not move forward with the latest round of tariffs on the u. S. Instead stressing the need for the worlds 2 largest economies to the conflict the ministry of commerce spokesperson golfing said that china has ample means for. But thinks that the question should be discussed. Should be discussed now is about removing tariffs as it is not conducive to china or the us both china and the us seem to want to call a ceasefire after this year long trade war on monday trump conceded that trumps phone calls from china did not happen the way he said they did and that it was his attempt to project optimism to boost markets trump has been increasingly concerned about the markets inability to breach 3000 and is agitated the destroyed war with china is dragging on months longer than expected. Earlier this mont
Before the open this morning along with twitter overnight in asia, you will see what was happening there the nikkei ended down by almost half a percentage point. Hang seng was down by 0. 7 shanghai in china, you did see stocks higher. Up by a quarter percentage point. In europe, the three major averages had all been in the green. The dax up by 0. 3 the cac up by 0. 4 the ftse up by more than that. Italy and spain stocks there weaker spain down by 0. 7 in the treasury market, again with the gdp number coming up later this morning at 8 30 the tenyear yielding 2. 069 everything that happened with the ecb yesterday what that means for the fed, well talk about all that coming up in a bit. On the squawk planner, we have first look at gdp in the Second Quarter thats on tap. Forecasters expecting an increase of 1. 8 after a surge of 3. 1 in the First Quarter on the calendar we will hear from twitter, mcdonalds before the opening bell next week it gets crazy. It is the busiest week of earnings
Already this week. Are almost at 1300 per coin. Back up to percent since december. Again. Are parabolic we will see how that one turns out. Stocks are down today. They were up after treasury secretary mnuchins comments earlier. The yen is down, and gold is down as well. Not clear in terms of the message we are getting. In theory this should be risk on, but stocks arent quite committing to that. Vonnie lets figure out why. Treasury secretary Steve Mnuchin says the china trade deal is 90 done, with reports that the saturday g20 meeting between xi assumestrump and no new tariffs. Our reporter on trade joins us from london. What do we know about what might happen saturday for sure right now . Reporter i think what we are seeing is some pretty classic positioning by President Trump ahead of his very important talks saturday with the chinese leader. Basically, he is laying out two scenarios. One in which there is a cease fire, with no additional tariffs. Plan b, as he describes, is the next
Despite posting a beat on the top and bottom line. Tesla is on pace for a sixth straight day of losses, now issuing some recalls for the cybertruck over faulty accelerator pedals lets begin with Market Reaction to israels retaliatory strike on iran, jim. So far, not a lot of signals that this is going to cause a conflagration. No. I talked last night about what we need on mad money, a crescendo of selling at 10 15, we thought we had that last night the fact that we now have decided that it wasnt important not we decided that it is less relevant, so weve come back up is, again, something i dont want to see. We have to have people decide that negatives are negatives, not that an avoidance of a negative is a positive so, i want to hear more from Richard Engel about israel, but the fact is that we were down so much, and then we come in, and then were up . What are we up for why are we up . How about flat how about down a little . We dont get that. So, it makes me suspicious of this opening