Routes in the u. K. Is incredibly difficult. As a result of which, to be in a for Francine Lacqua this morning. Lets have a look at the markets honest, this is something that then. Was probably always going to happen. Tom as an american, i would the stoxx 600 is down by. 2 . Suggest that may be possibly we opened in positive territory because the Railroad System is lifted with talk to come. So darned better than ours. Flybe we will talk much more about that today. That puts the virus front and sentiment from center. Its get to first word news with the trading day. Viviana hurtado. Countries are ongoing headlines are weighing on things at u. S. Futures are pointing negative. Tightening travel restrictions to contain coronavirus. There are reports japan will quarantine all people arriving this is the picture on oil markets. From china and south korea. Focusedthe brent price, australia has also added south korea to its band list. On the opec plus meeting in declaring a state of vienna. I
107. 71. Eurodollar almost fell the year to date lows. Very strong fix out of the pboc. Look at your cross assets. We are looking at gold giving back because of the risk asset types. Also giving back, the boj, not buying as much. Fourth cut in the last six weeks. That is a look across your markets. Lets get to our top stories. Yvonne President Trump followed his china comment saying, trade does could happen sooner than you think. Addressing the General Assembly on tuesday, the president insisted he would not have a bad deal. 24 hours later he implied things were moving ahead and that too two sides could reach an accord. President trump china is way behind us and they will never catch us if we have smart leadership. We have picked up trillions of dollars and may have lost trillions of dollars. And they want to make a deal very badly, it could happen. It could happen. It could happen sooner than you think. David these trade war developments have also seen significant discussion at the gl
Oh, yeah, hes got a new book. Its good. Lots of business advice. Its called shut up and listen you better shut up and listen because power lunch starts right now. Lets take a look where we stand with the markets now the nasdaq and s p all under pressure but hugging the flat line look at the change there basically minuscule. A matter of basis points one day ahead as the result of the big fed meeting. Energy falling after yesterdays huge rally its the worst performance sector this day down about 2 after yesterdays big games. Crude down about 6 after yesterdays big gains. Well have more on those moves later. Tomorrow at this time well be getting the feds decision on Interest Rates steve has the details from the latest cnbc fed survey thanks very much. Pretty good agreement that rate skut on the way. Most say well get another rate cut and that will come in december thats the bulk of it. Amid lower rates, you think it would be by it it comes with incressed probability of recession the 32 pr
Our economist isnt fully convinced and says while unlikely, some of the data doesnt necessarily take hikes off the table. Hell tell us why. With costs still climbing, we have three buys and a bail. Inflation insulation edition plus, the three names one trader says can weather the storm and the one shes staying away from, despite climbing 17 this week plus, deal with it, the message from chinas xi to secretary of state Antony Blinken, saying for bilateral relations between the two countries to improve, the u. S. Needs to look at chinas development in a positive light. A lot to get through today lets start with the Market Action and dom chu very much the taylor swift shake it off market. We have seen session highs at this point in just the last couple of moments. The dow up to 38,302, half a percent to the upside. The s p 500 is at 5109, up about 60 points, we were up 64 points at the highs we just saw maybe in the last two to three minutes we were still up 25 points at the lows of the s
Dow, it will be an eight straight month of gains for the dow and s p 500. Strugglest for the Technology Sector once again. Lets look at what happened overnight in asia. You will see that the nikkei ended up by close to 0. 6 points. Stocks in china under pressure the hang seng down by 1. 5 points the shanghai down by 0. 6 . In europe, in the early trading, it looks like there are green arrows across the board. Biggest gains from the major averages come out of germany where the dax is up almost by 0 0. 8, the ftse up by a quarter percentage points. Right now looking at crude oil prices opec and nonopec producers, ie russia, are expected to announce an extension of output cuts until 2018 a lot of concerns about that, whether there will be Sticking Points along the way thats why crude oil was under pressure yesterday things have picked up this morning with a gain of 1 for wti. Up 53 cents to 57. 82 well get a live report from the meeting of opec in vienna. Thats coming up at 6 30 a. M. Eas