Of hong kong. Oil strengthens after a shakeup in saudi arabia. Family is in charge of energy for the first time. Kathleen a quick reminder of how u. S. Stocks ended the session on friday. The fed chair speech later in the day with some of the big drivers. You can see is narrowly mixed. Leak. Big there is some good news. Points. 69 nasdaq a little nowhere. Suffering after news about the investigation. Basically, it was about jobs. 25,000 with temporary census records. Those are the parts that initially got a bond value. You have average Hourly Earnings following yearoveryear. Unemployment at a 50 year low. There is no recession on the doorstep. Not a 50 basis point cut. At any mate, jay powell confirmed that saying that he thinks that the labor market looks strong. Pointing to a rate cut, but nothing to get the markets going after all of that. Pointing a little bit to the positive side. How are things looking in asia . Asia futures are pointing to mixed and muted start this morning and
Ahead to the last of chinas big angst to publish results. Two years after taking the wheel, ubers Dara Khosrowshahi rates his performance so far. We have an exclusive interview. Kathleen all it takes is a little trade war optimism to carry us over the stock market. Look what happened stocks closing higher across the board in the u. S. Today. The s p 500 approaching a threeweek high. Not a big market, but still a move in the right direction for most people. The dow gaining 1. 25 . , wasasdaq, of course, tech really helped by this optimism on trade. Take industrials led the way. Ech industrials led the way 10 of 11 sectors closed higher today. The only one that did not was staples. The answer could be that when the trade war showed signs of moving forward, especially after Chinese Government official who spoke to the Commerce Department said were not opens are now about putting more tariffs on the u. S. And retaliating, lets Start Talking about taking the tariffs off, that is what got th
First half. Is ticking asck london and brussels plan new talks. They can still block a new deal divorce. Kathleen breaking news on south korea Industrial Production. I was talking about whether or not the bank of korea might cut their key rate and a couple of hours. The pricing jump, up 2. 6 . Up more than forecast at 0. 5 . That is what was expected. In terms of the monthly number, lets move on to the yearoveryear number. Up 0. 6 . A big improvement over 2. 9 . That has been revised a little bit higher, 2. 6. Very good news for south korean Industrial Production, closely linked to manufacturing, closely linked to the trade war. We will get more details on that and get more on that later. Beijing for ato look at the asian markets. There has been a lot of volatility this month but it looks like on the last day, we are seeing cautious optimism. More green across the board. For the nikkei. Positive numbers out of korea so that will help bolster when the markets open, up almost 1 . 5 thise
Cut. Unemployment is rising but so are home prices. On the edge, hong kong leader carrie lam under pressure after new reports that says she will quit if she could. We have the latest on the unrest. Kathleen it may be u. S. Labor day monday holiday, but that does not mean futures markets are trading. Lets start with the s p futures contract. 48 . Now down about Bloomberg News reported u. S. And china officials are having trouble scheduling actual talks after donald trump keeps more tariffs on the chinese. Chinese have retaliated. Trump says they will move ahead. That news is putting pressure on stocks. The dollar is pretty much flat, a little stronger. A mixed picture of a quarter of a percent. Weaker after Boris Johnson threatened a snap election. Everyone wonders what is going on with brexit . As for crude oil, with Hurricane Dorian having smashed across the bahamas, so much wreckage, heading for florida. People are wondering what is going to happen with oil demand . You have a trade
If she could. The latest. And counting the cost. We had to miami where Hurricane Dorian is capable of causing billions of dollars in losses. Newseen we have breaking out of south korea. Looking at the inflation numbers. Yearoveryear is flat. 0. 6 in july. Forecast to be up 0. 2. This is now the lowest inflation rate yearoveryear for korea on record. Pointing out they are missing falling into deflation for the first time. If you look at the core cpi, it is up 0. 9 . It takes out food and energy. Energy has been under pressure. If you are at the bank of korea looking at this, you have to think this could raise pressure for the bank do something at their next meeting. Gdp coming in for the Second Quarter at percent. Prior, 1. 1 . A small difference, not superstrong. Yearoveryear, 2 . Probably considered enough for the bank of korea for now. That number will catch a lot of attention. We will see how markets react. Lets look across asian market. You can see the red on my board. Asian tradin