Certainly it is positive tailwinds when it comes to thailand as we open up the market up a fifth of 1 , the thai baht is strengthening. Counting down to india we will see if the equity rally extends. Throughout the session, you are seeing multiasset risk on the table on the back of not just the fed, officials being less hawkish but signs of state lying when it comes to china. Rishaad you look at the ruby it is edging off lows as the dollar weakens and markets overall are higher. Asian shares rising. Thanks doing well given that the Sovereign Wealth Fund is buying 65 million u. S. Dollars into big banks. An oil price on the way down and well, what do we have . Interest rates, expectations, just being i suppose people are more optimistic, the glass looking helpful halffull. Yvonne we heard from christopher waller, Suzanne Collins from the boston fed on their outlook when it comes to rates. The real side of the economy seems to be doing well. The nominal side is the direction we want, so
Games is left to the schools. If you ask the players, they fully intend to take the field. Definitely really hot. Its a lot harder than people think. You have to make sure youre hydrated, make sure you hydrate a couple of days before. Reporter now, livermore is always one of the hottest spots in the entire bay area. School Officials Say they fully expect to play tomorrow nights game and they say that triple digit temperatures dont really faze them and that players say they believe it will actually give them a competitive advantage. In livermore, devin fehely, kpix 5. Heat isnt the only issue. Video from chopper 5 shows the haze over the east bay this afternoon. Fairfield one spot under smoky skies and some cities are issuing warnings about the bad air quality. As Susie Steimle reports, air quality officials blame wildfires burning to our north. Reporter all day people have been saying the air looks like heavy smog from pollution or a wildfire. And you can see why western suburbs out he
Good morning. Welcome to squawk alley. Im jon fortt with post nine, sara eisen and wilfred frost. Worldwide alley we can call it this morning. Like it. Squawk exchange. Lucky wilf another hour with me. Meantime top story stocks tumbling here you might have caught early in the premarket action this morning after Trumps Health care fail. So whats next for the markets as it weighs its next step in washington . Joining us now to discuss it, terry haines, evercores isi political analyst. And joining us ceo of labenthal holdings. Welcome back. Thank you. Lets start with the narrative in the markets that the first test of the trump agenda doesnt bode too well for the next pro growth policies like tax reform and infrastructure. Is that right . How are you telling your clients to trade it . Well, what were telling clients is the story is still to be written. I think this is a stumble and not something thats irreversible politically. But congress and trump have about four to six weeks to execute
Stocks on top of with Deutsche Bank and all of its ills, someone will rescue them, whether the German Government or consortium of players. Bottom line the optimism here someone comes in to stimulate, to rescue, to be a backstop to provide protection for capitalist institution might be in trouble. How many times we have seen this. I will not begrudge a rally. Well begrudge rallies if youre long the market. I do look at rationale behind this one presumably anytime there is stimulus, anytime the looks like the fed continues to provide easy monies or governments stand by beleaguered banks were off to the races. That is not a reason to be off to the races. A reason to start questioning why were off to the races. First to Connell Mcshane what is really going on this final trading day of the month. Connell . Hard to tell but oning thing we talk about the market and Deutsche Bank stock price is linked. Part of it as you say the bank eventually may be bailed out. There is also a lot out there t
David this is not the first time mr. Krein has not thats had to come out mr. Cryan had to come out and say we are ok. Alix it is not a liquidity issue, it is a confidence issue. That will be a key point. David we have a lot to talk about. A terrific guest to help us. We are going to be speaking live with Stephan Engels. Plans to cut almost 10,000 jobs and suspend dividends. We will be joined by steven ratner. By steve rattner. The place for the record the race for the white house. First, jonathan is here with the market. Jonathan features here in the United States, a little bit with, but the spillover the ftse down by. 9 . It it is concerns of the house of Deutsche Bank continues to grow. Deutsche bank down almost 9 and one point. We are negative for on the session so far. Bloomberg dollar index about. 3 . It is risk off and commodities. W ti and brent soft. What we have seen, safe haven bids. Poor Government Bonds perform well. Yields lower right across the curve in germany. Negative