Jobless claims, lowest since april. The president agreeing to a twoweek delay on the tariff pause. Plus, the ecb is launching a new bondbuying program. Could it impact fed Decision Making until the next week and as the democrats get set to debate tonight, Elizabeth Warren propose ago sweeping increase in Social Security benefits financed by taxes on wealth the president delaying the imposition of good will tariffs. All of this coming ahead of planned meetings between the u. S. And china in early october. Earlier on squawk, the treasury secretary described the state of trade between those two countries. Weve had a series of principal level conversations. We have a deputies meeting planned in the next two weeks where the chinese will be coming here and working on material the vice premier coming here at the beginning of october to meet with ambassador lighthouser and myself we look forward to making progress over the next few weeks. Set tariffs could go up, they could go down. Hes lookin
Bond purchases in Something Like 88 months. The ecb can buy up to 1 3 of the countrys debt. In the u. S. , still about 3000 on the s p. Yields being moved higher by yields in europe. Crude down 2. 6 . The renminbi is being whipsawed a little bit as well. We were down to 7. 05 and change a bit ago, and now back up to 7. 07. Ecb president mario draghi spoke after the rate and policy decision today. Here are some of his thoughts from the news conference. Mr. Draghi the risks surrounding the euro area Growth Outlook remain tilted to the downside. We still think the probability of recession for the euro area is small, but it has gone up in view of the weakening Economic Outlook and the continued prominence of downside risk. Governments with fiscal space should act in an effective and timely manner. We have a mandate. We pursue price stability, and we dont target exchange rates, period. Vonnie this was the big final one for mario draghi. He has another press conference in october, but this w
Points after a rally that saw all of the major averages up do you up by 227 points. S p up by 21 nasdaq up about a percent at 85 points a lot of people muling through and looking at some deescalation it still continued but let up a little bit trade looks like a sidelined issue or better. Much much lower but rising that made people feel like they didnt have enough exposure. The dow is up around 2,000. Russell 2000 is up first it is a catch up and then lets see how far we can stretch it overnight, with the headlines of the latest concessions, the s p futures shot up. We are up six or so percent. If we wanted to, we couldnt make new lows or deals it is fairly far away. You are in this zone. You have a cushion below you see the 10year 1. 726 it is good. It is good it is good always a good side, bad side of things. In asia, we did see the president tweeting about postponing tariffs sang high composite ended up in europe, if you look at what is happening there, right now, markets have barely
On the way to an ipo. Investors did not like it. Saudi arabia puts the prince in charge of the kingdoms oil ministry. He has a strong personality when it comes to the market. James gorman speaks frankly about the fed. I suspect they will do one or two more, but then it is time for a pause. Eminent Asset Managers apply unconventional wisdom to a changing financial environment. Ingressive and grade Investment Grade Corporate Bonds are an asset class that provide more risk than return. Bonds are not a safe place to be. You have 17 trillion treasuries trading negative returns, which is crazy. Nejra it is all ahead on bloomberg best. Hello and welcome. This is bloomberg best. Your weekly review of the most important business views, analysis, and interviews from bloomberg television. Lets start with a day by day look at the top headlines. The tension between Boris Johnson and u. K. Lawmakers ratcheted to new levels monday as the pm stuck to his do or die brexit plan and parliament came toget
Something. The best stocks, theyre never cheap. They rarely come in. And when they do, you got to be ready to pounce. Buy, buy, buy the good news, rarely is not the same as never. Every now and then you do get meaningful pullbacks in truly high quality stocks. The bad news, when those pullbacks happen, most people tend to be too afraid, scared to do any buying. And you know what . I cant blame them case in point. The stock of costco. I think the world of costco. Im a proud costco member. Gold star. My wife lisa is an executive club member. She lords her status over me every time i shop there, im blown away by the prices im a twocart shopper the bargains are so great, one cart is not enough were like a train when we go there. We buy costcos private label products why . Because theyre usually better the place never fails to amaze my trainer jim, this week he bought a car from costco they gave him a better lease deal than anywhere else. Fish, beef, crab legs, glasses, diamond rings, shirt