Have. My name is george on the Program Director at the Commonwealth Club on behalf of all of us i want to welcome you. Thank you so much for coming down to tonights terrific program with Charles Schwab in conversation with adam oshinsky. We are very appreciative to have you all here how many of your members of the commonwealth atake you very much if you are not a member this is a great time to join their all kinds of terrific programs coming up a great building with a great roof deck, great programs like the one in here and theres a gentleman named billy in the back of the room. We will be happy to answer any questions you might have. Thank you. You are welcome. Please take a moment to turn off cell phones and devices that might make noise during the program. Let me tell you about a couple of upcoming programs at the Commonwealth Club. October 31 halloween at noon a awill be with us. On november 12, there is not a comment in that, just so you wont know. November 12 National Review edit
Imagine that. The president meanwhile will be heading to dallas for another rally this week, doubling down on his pledge to bring jobs back to america, as a new Louis Vuitton factory gets ready to open. Texas is open for business and so are we. We are watching it all. Varney company starts right now. Theres execution work to be done on the document, but this document is substantially done. We made a lot of progress, and our expectation is this will be concluded and signed by chile. Charles that was secretary Steve Mnuchin moments ago talking about phase one trade deal thats getting ready just in time for apec, the meeting that will be held next month in chile. China reportedly wants more talks before the deal is signed. I dont know. I think its normal. People are interpreting that as a red flag. Susan we heard about this on friday, by the way. They said it will take maybe four to five days to get this signed and worked up into ink at this point. Take a look at the rhetoric in the mainl
Higher outperforming broader european equities investors await the feds latest Interest Rate decision as President Trump ratchets up the pressure on powell following the recent oil shock Uk Supreme Court prepares to hear claims that the Parliament Suspension is illegal. After a trip to luxemberg. Good morning and welcome to street signs. All the happenings around oil and Saudi Arabia Crude prices have eased. Brent posted its best day on record after an attack removed half of the kingdoms daily output President Trump said it looked like iran was behind the strike. U. S. Intelligences indicate the attack originated from iran. Officials say iranian weapons were used in the attack. They have denied involvement in the incident looking at oil stocks. We have seen oil majors and prices pulling back slightly bringing you comments we got just now out of the Energy Sector he said we are confident markets are well supplied. Remember, one of the original nam tweets refer to the possibility of the
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
Shery take a look at how markets are trading at the moment. We saw u. S. Futures unchanged but the s p 500 gaining. 25 in this session. We had seen u. S. Stocks drifting throughout the session. Saw gains toward the end of the session. Not to mention that Energy Stocks were the biggest losers at the end of the session. Wti coming back under pressure again, down. 7 , and below that 60 a barrel level. We had banks also underperforming the broader markets. We saw the 10year yield pull lower toward 1. 8 . This, of course, ahead of the fed Rate Decision, and the fed Rate Decision coming out a time when we are seeing some turmoil in money markets. Take a look at this chart on the bloomberg showing you how the repo rate surged as much as 10 at one point. That took the red funds effective rate to 2. 25 the fed funds effective rate to 2. 25 . This coming at a time when we have seen wall street struggling to absorb that extra treasury debt coming on the market because of this increasing budget de