Live from bloombergs u. S. And asian headquarters. I am betty liu in new york, it is after 7 00 p. M. Shery it is after 7 00 a. M. In hong kong. I am shery ahn. Injured aftermore a van hit pedestrians in one of barcelonas most popular streets. Two have been arrested in Los Angeles Las ramblas. Spain has a history of terrorism. Passengers were killed by bombers in madrid in 2004. There are rumors gary cohn would be resigning as President Trumps top advisor and not to mention the political scandal going on. That is leading the markets. They took a big hit overnight. Betty they absolutely did, as you point out. It was interesting to see the terror attack rattled investors. But it was gary cohn and his possible departure that hit the markets. I want to pull up a chart g btv 360. It really tells the story. We saw the second worst day in terms of the drop of the s p, down 1. 5 today. The second time it has dropped more than 1 since last thursday. We thought north korea would continue to domi
From the open of asias first major market. Betty it is after 6 00 in new york. We will be looking at how all of the action on wall street will play into the asiapacific trading day. Not as much action over the weekend as we saw last week on friday. Steve bannon finally being ousted. Palace intrigue is what they are calling it. We will go from focusing on what is going on in washington to what is going on in jackson hole where the fed speakers are lining up, in particular janet yellen. That is where the markets focus will be. Given all that intrigue, we did close close lower again. Haidi never far from the political misadventures in washington at this point. That is a point of focus for investors. It is a macro light week this week, but we will have fed speak and centralbank speak going into that key event in wyoming. Take a look at how we are setting up in asia. Fallingthe dollar index with all 10 currencies except the swiss franc. Kiwia stocks down 0. 2 stocks falling down 0. 2 . This
The president will be addressing military strategy in afghanistan, shortly. In u. S. Dy the largest history. Betty good morning, folks. It has been another busy news day, not least because half the country was watching the solar eclipse. In the meantime, as we are awaiting the president and his speech on afghanistan, we had many lieutenants are talking again about policy. Was one, the treasury secretary at an event in kentucky with mitch mcconnell, and he was talking about tax reform, and one of the most contentious areas of tax reform is the carried interest, which President Trump had noted is a carried interest break for the 1 . He noted on the trail i am going to pull it. A little bit of a turnaround for mnuchin. They said they would that to continue the carried interest for funds that create jobs. The hedge funds are evil. Get rid of them before the other funds that actually create let us keep them. He struck a different tone. Let me play this for you guys. Permanent is a lot bette
Galaxy note 8. And uber may be on the right road with losses. It is now a mere 645 million. A reminder to our viewers on what happened today in the u. S. , you have to remember what happened last night. You guys were still trading in donald trumpsident said this. President trump we have to close down our government, we are building that wall. Let me be clear to democrats in congress who oppose the border wall and stand in the way of Border Security. You are putting all of americas safety at risk. Betty Republican Leaders sweating bullets after the comments. That hit the markets,. Today, risk off. Right after trade, you had mitch mcconnell, the Senate Majority leader who had been rumored to not have spoken to trump for weeks, ane, he is working with the president. They are going to Work Together on tax reform. Trying to alleviate the market, that this Government Shutdown is nowhere near happening despite what you heard from trump. Betty is increasingly casee is increasingly the the you
Corruption verdict. That verdict is going to be closely watched in south korea. Markets are waiting with bated breath, on the fed speakers at jackson hole. Be payingen will attention to tomorrow here in the u. S. There were some jitters in the markets. Ceilingk about the debt rattling investors. The dow off 30 points. Off 1 . Aq also s p down 2 10 of 1 . The declines are there but not as much as you might expect. Most investors are on the sidelines awaiting janet yellen and her comment. Yes. We are pushing pause. Talku can say anything to down that rising euro. In asia, prettier than brawl wall street. We have rallied for eight of the past 10 sessions. It has been a decent two weeks but we are flat for stocks. The kiwi, two days of losses. Spikes may continue to exit if we break below 72. We are just at a whisper from that now. And markets not going anywhere. We have been stuck in this tight range for three months. Mostly we will see any kind of breakthrough. 79 for the aussie. A key w