Us. We have all got a stake in the action. 55 million 401 k holders, 35 million i. R. A. Holders, Union Pension plans, government worker Pension Plans, all benefit from the trump rally. Maybe records today. Politics. This is the day the democrats define themselves and their party. In a couple of hours, Speaker Pelosi takes to the podium. She will try to bring a badly divided Party Together. They are split on impeachment and split on how far left to go on the Green New Deal and open borders. Then tonight, theres the democrat debate. That too will define the party as it goes to the 2020 election. Same story. How far left will they go. Weve got a big show for you guaranteed. We are dealing with vaping, guns and the europeans, yes, they are printing money again. Varney company is about to begin. Stuart here it comes. A tweet from the president moments ago. It is, im going to read it for you, it is expected that china will be buying large amounts of our Agricultural Products. There you go.
Point gain in the dow jones industrials, which puts that not too far away from record territory. We can do that like this in this kind of market. Blake burman at the white house to sort out rumors, everything here. Bottom line, markets propelled own the belief, were closer to something, setting a framework for something. I give it to you. Reporter neil, this is one of those days where you have to separate, put in one bin, what weigh know. You have to separate, put in the other bin, what is out there being reported in the trade spaces, maybe potentially a possibility. Lets start with what we know, which is the act of goodwill, as it has been seen by china and what the u. S. Is describing it as, delaying tariffs increase from october 1st, to october 15th and apparently an ag buy from china, will come with it as well. This is what a spokesperson for the Commerce Ministry said today. Quote we welcome the goodwill by the u. S. So far as i know Chinese Companies have begun to make inquiries
Reporters outside the white get licenses to sell to wall way house, the president said we auwei. Ha are either going to make a great deal or not make a great deal at all. China is trying to make a deal with me. It is up to me. Some briefing has gone on at the white house or he has gonorrhea it is not up to them. From shanghai, but he is clearly mark the president criticized upset today. David does the white house want to deal . Tweets, heidents china for what he says is its unwillingness to buy american agricultural products. Warned that Sleepy Joe Biden general nominated like get elected and he will be be the pentagon secondincommand is denying tougher if he gets really did. Allegations of Sexual Misconduct as he appears before the Senate Committee considering his if you get three elected. Nomination. A Senior Army Officer has do the chinese want a deal . Accused air force general john jenny we will see that if it whiten of subjecting her to a series of unwanted actual gets down to th
We started to see 210 spread first,the world, u. K. And then as that happened, investors steadily selling socks, nervous about this sign of a future recession, even though it typically does not happen for a year or two after the inversion. Investors are clearly nervous. Lets take a look that inversion and see how it is happening. Lots going on. What we are looking at, in white, japan, in yellow, the u. S. , and in purple germany. In blue the u. K. Germany is still inverted. Japan is slightly above. The u. S. Slightly above. In purple, because all of the yields are in negative, that is up 22 basis points. Very close. Investors worry a recession could be ahead. If we take a look at a sector check, that is bearish. Take a look at utilities. They are up just. 2 . In a sea of red, that stands out. Those are the defensive utilities, then you have high dividends. On a date yields are plummeting, those stocks look attractive. Take a look at tech in financials, those are lower. That is true for
From europe and the u. S. Here are your markets. We are seeing a little bit of flatlining for european stocks. Try to figure out exactly what will happen when President Trump meets with president xi jinping. The u. S. 10 year yield is holding just about 2 . Brent at 66. 34. We are seeing a big move with gold. It is the last trading day of the month, so watch out for any volatility. What marlon is doing merlin, announcing a couple of private equities were learning at the company. They are the owner of madame tussaud, amongst other entertainment things in london. Coming up, more from our exclusive interview with the the with the fran San Francisco fed president. Lets get straight to bloomberg first word news. Ifit is too early to know the Federal Reserve should cut rates, according to San Francisco fed president mary daly. They are widely expected to cut in july. We spoke exclusively with mary daly at the aspen ideas festival in colorado. If the data comes in and shows significant weaken