1 trillion stimulus package heading down south, maybe. What Goldman Sacks is reportedly thinking of doing. Its monday, december 7th. This is Worldwide Exchange. Good morning, good afternoon, or good evening welcome from wherever in the world you may be watching. Im Brian Sullivan thank you for joining us here is one reason to like this monday there are 25 days left in the year 2020. It cant get out fast enough can we agree lets see how your money looks now. Futures are down about half a percent down dow off about 133. Wall street coming off another good week for stocks the dow was up last week thats the ninth record close of the year on friday of course, its not just the dow. The s p and the nasdaq also closing at record highs. Thats the first time the three have done so at the same time three years. Thats an rbi for you. Hard to believe but true one thing watch, of course, inside the markets is this increasing growing fight between socalled value and Growth Stocks the two kind of at a
That really made an impression on markets in europe. Lets look at how we are faring in the United States because we are down here, too, though not by as much. The 10 year yield at 65 basis points. Crude oil has erased any gains at saw after the drawdown in inventories earlier. 5. 42now trading hunting a barrel for wti it is now trading at 25. 42 a barrel for wti. Fed chair jay powell speaking this morning to adam posen of the Peterson Institute in washington, d. C. He pushed back against the idea of negative Interest Rates in the United States. He urged monetary and fiscal policy makers to rise to the challenge in order to avoid unprecedented downside risk. Chair powell while the economic response has been timely and appropriately large, it may not be the final chapter given that the path ahead is both highly uncertain and subject to significant downside risks. Economic forecasts are uncertain at the best of times, and today the virus raises a new set of questions. Vonnie for more, we
For the year. 4 , at a 25 handle after saudi relaxed. The dollar index just below, weaker. In the afternoon u. S. Session, many currencies including sterling and the euro, weaker today. Deeper dive into the Market Action analysis,e equity bond market analysis, two year yield hit a record low, below 14 people flood 13. 8, into the shortterm markets, worried about the Economic Data like jobless claims. Flipside, a steepening of the yield curve. A lot of supply coming online on the long end to fund stimulus measures. Yield hit, to year the intraday record low. You mentioned the tax markets. Thes p 500 tax sector, first to turn positive yesterday for the year. I continued that continue to the day. 10 of theless than record highs going back to february, 2019. Tech continues to be the leader in this market. Individual stocks. As you focus on the latest trends, working from home, buying things online. Rising as people are buying thermal imaging systems, perhaps when people start to return to
The hard earned dollars. This is facebook could facebook be broken up by government shares down on the threat of government action. All that ahead but beginning with the headline sending stocks to new records. The United States and mcagreed in principle to phase 1 of a trade deal Kayla Tausche live at the white house all day. Breaking news all day long and joining us now with the late breaking details kayla. Waiting official word from the white house and the u. S. Trade representative on a limited agreement between the u. S. And china that would see tariffs on sunday delayed or cancelled and would potentially roll back some earlier tariffs or cut the tariff levels from previous rounds. The wall street journal and bloomberg both reporting that President Trump has signed off on this agreement that was presented to him by miss top trade and economic advisers earlier today. The meeting that the president held was for roughly an hour in the oval office. And at one point he was joined by ceo
Its finally friday. Im out of control. Forget the working blues and let the good times roll. Lauren welcome to fbn a. M. Perfect song this morning. Let the good times roll. Im lauren simonetti. Cheryl good morning, everybody. Im cheryl casone. It may be friday the 13th but markets are looking pretty lucky this morning. Lets take a look at futures right now. Youve got green arrows, were in l rallying mode after yesterdays big market jump. The nasdaq closed on new highs after news of a neigh phase one. S p is up 14 and a quarter, nasdaq up 46. Lauren the hong kong and nikkei both gaining more than two andahalf percent. Cheryl in europe, a vic lap fovictorylap for Boris Johnson. The ftse 100 is up more than two and a quarter percent, positive arrows for the cac and the dax. Lauren sources telling fox business that a phase one deal with china has been reached. Heres what we know at this hour. China has verbally agreed to 50 billion worth of farm purchases. The deal also includes a section