Still causing jenners in the auto market for obvious reasons as of the end of april the United States had a total trade value with mexico of just over 203000000000. 00 which the us accounted for importing 58 percent of that total this imbalance has put the us at a nearly 31000000000. 00 deficit with mexico just in 2019 i want comes to autos the contrast is even more stark with 2 of the 3 top imports to the u. S. Being Motor Vehicles and car parts respectively through the end of april this sector accounted for more than 21000000000. 00 worth of imports according to data from the u. S. Census bureau so while automakers can get a gasp of relief for now what could a scenario a terrorist look like in a sucher so reliant on trade here to help us break it all down is lauren fix the car coach lauren welcome back lauren autos were the major stakeholder considered at risk in this sort of contrived convers confrontation even more than agriculture because of the. A multinational nature of car prod
President donald trump issues a quickly contested declaration of victory on friday night mexican and u. S. Officials issued a joint statement on migration issues mr trump soon tweeted that the terrorists who threaten to impose on mexican goods were here by indefinitely suspended the New York Times quickly pointed out that the agreement mostly repackaged or accelerated previous mexican commitments no reference can be found in the text of the agreement for mr trumps claim that mexico committed to major new purchases of u. S. Agriculture products mr trump also signaled he may need a new his Terror Threats over migration issues in the future president Manuel Lopez Obrador reacted to the agreement. Im very satisfied with the deal that was reached with the United States very happy because hes avoided a crisis an economic Financial One where it was no small thing to represent. Even the ones we dont see eye to eye with the impact. Would result from the tariffs. And although tariffs on mexico h
York times quickly pointed out that the agreement mostly repackaged or accelerated previous mexican commitments no reference can be found in the text of the agreement for mr trumps claim that mexico committed to major new purchases of u. S. Agriculture products mr trump also signaled he may need a new his Terror Threats over migration issues in the future mexican president Manuel Lopez Obrador reacted to the agreement. Im very satisfied with the deal that was reached with the United States very happy because hes avoided a crisis an economic Financial One when it was no small thing to represent as economists even the ones we dont see eye to eye with the impact that would result from the tariffs. And although tariffs on mexico have been avoided for the time being the threat still looms and this is still causing jitters in the autumn. Good for obvious reasons as of the end of april the United States had a total trade value with mexico of just over 203000000000. 00 of which the us accounte
Leadership shakeup. Nejra welcome to daybreak europe. Just after 6 00 in london. Did powell deliver . The bond market seems to think so. We close tire on the s p 500 in yesterdays session. We are on the front foot with futures. We will get to that in todays session. Yield dipping below 2 for the First Time Since 2016. Down another four basis points. Curve flattening. The dollarr and weakened. Down for a three day. That following u. S. Yield lower. Gold jumping to a fiveyear high. Is it overboard . Uti firmly on the front foot. 44. Pot lets get a check on the markets in asia with Juliette Saly in singapore. Great to have you with us. The divergence between the bond and equity Market Reaction was intruding interesting in the u. S. I we seeing a similar thing in asia . Juliet bonds moving higher. Yes, yields are dropping here. Equities also moving higher. We have seen that big money going into gold, holding at its highest level since 2013. Gold miners in australia rally. Nikkei up. You ar
Shery you are watching daybreak asia live from new york, sydney, and hong kong. Annabelle we are counting down to asias major market opens. Haidi risk off mood in asia. Treasury yields higher along with the dollar. U. S. Crude prices hitting a fresh one year high with shrinking stockpiles in the larger storage hub spilling demand for physical barrels. In battled Country Gardens takes a step towards restructuring its debt after narrowly avoiding default. Shery how u. S. Futures are trading early in the asian session, marginally higher at the moment after stocks finished mixed in the new york session. We have the s p 500 fluctuating throughout the session, just to finish where it started the day. At least, it ended up erasing some losses we saw earlier in the session after President Biden counted Artificial Intelligence. We have the vix declining a little, still at the highest levels since the end of may. We have the nasdaq 100 outperforming today. We saw treasuries slumping again today.