China promises a set of tariffs. Jay powell declining to signal more easy Monetary Policy. The yield curve inverting yet again. How will business respond . How will it impact the economy more importantly, what does it mean for the market and investors . And then a news making interview you cannot miss. Federal reserve vice chairman Richard Clarida from jackson hole we are covering the angles with the team of reporters as always. Elan, first to you on the china fears which appear to be trumping the fed speak today. Nice, sara. We are waiting to see if President Trump will make a statement on those latest trade tensions with china and the new 75 billion in retaliatory tariffs that were announced this morning. We know there was a meeting at the white house earlier today with mnuchin, kudlow, navarro and lighthizer and President Trump did tweet that he would issue a response this afternoon. He then went on to order American Companies to look for alternatives to china including bringing bus
Weak manufacturing data raising hopes for more fed easing and the tenyear yield falling well below 2 for the First Time Since early july coming up later, big exclusive interview with the former vice chairman of the Federal Reserve, don kohn well ask him how the trade war escalation could impact the feds next move. Joining us is Barbara Duran from Capital Partners barbara, do you make any moves on this surprise tweet this afternoon from the president no, no. I think weve seen this before and it doesnt make it any less real or impactful. 10 will see what goods are impacted i think a lot of that is in certain sectors and stocks already whether its the industrials, the manufacturer. We have to wait and see. We know what sectors are impacted this is cell phones, laptops, tvs, baby toys. All those who testified, please dont put tariffs on us, thats what it is apparel. The rest of the country i think its not going to change the basic economy and whats going on in terms of the consumer and wag
It is a different set of numbers, but tesla is said to be production after a record quarter. Manus welcome to daybreak europe. Battered, bruised. Im not talking about politicians. Im talking about the pound. Kingdom, in the united sentiment is being battered and bruised, something to do with brexit. Pound faces a twoyear low. Why isnt sterling rallying . If it was such a demonstrative statement in the house of parliament or not, as the case may be. No rate hike from the bank of england until 2020. The worst quarter since 2012. Is it brexit or global slowdown . Have a look at the rest of the world. Bonds are a treacherous asset. That was mngs line yesterday. Back up to 2. 3 . Ratios were slacked to say the very least. Have a look at nymex crude. Inventories. In Credit Suisse with a higher core on the oil market. Nejra have bond traders fallen into a dove trap when it comes to the fed . We look ahead to jay powell. The twoyear back above 190, jumped 22 basis points since the lows in june
Maria welcome back. Good friday morning, everybody. Thanks very much for joining us this morning. Im Maria Bartiromo. T i hop yoi hopeyoure having ay morning. Time for the hot topic of the hour democrats reportedly panicked of the strength of third party candidates, some say its the single biggest threat that helped put trump back in the white house. The Democrat National committee establishing an official commit the at this to counter third party candidates. President bidens team shielding biden from the press during a Campaign Event yesterday in michigan. Watch this. Can you take a few questions . Thank you, guys. Thank you so much. Thank you. Back to the car. Thank you. Maria thank you, thank you, get out of the way, thank you, no questions. A ashley, what do you sunshine. Do you suns think . I think it surprises many people. Its sad but its what we have. Maria thats what they have to do, cheryl. Were looking at a complete repeat of biden 2020. That campaign a is just on repeat. Mar
I came away with a couple different impressions. First of all Artificial Intelligence was everything. Every panel, every roundtable, every discussion centered around Artificial Intelligence. People like to raise Artificial Intelligence really when its not even speak as we believe this but you can finishwatchingd take you live to discussion of the Banking System and Financial Services sector with Bank Executives and former regulators. You are watching live coverage on cspan2. 1300 bankers state Association Leaders independence day. Even more watching on our liveke out of your busy schedules to add your voice, your advocacy efforts. I also want to walk members of the media who are joining us, and i would like to extend a special thanks to the members of congress, regulars and other es our program over the next few days. This event is all about advocacy. Its about dimmest setting to the policy community that bankers are committed to working constructively toward a policy environment that