Good thursday morning. Welcome to squawk alley. Im jon fortt with morga brennan, david faber, here at post 9 at the New York Stock Exchange carl is on assignment. And were going to begin with todays rally. Stocks surging all of the major indices up more than 1 . Our dom chu is back at headquarters with a look at what is driving the gains today dom . So, jon, we are right near highs of the session right now the dow is up about 458 points, 452 at this stage. And as you can see here, almost 1. 5 to 2 gains at this stage for the major indices. The s p 500 really the laggard there. A lot of tlechnology and communication stocks powering that nasdaq composite to a 1. 5 gain overall with regard to whats driving the action, take a look at the sectors that areat most at wor and at play. Financials, industrials, technology, meanwhile, consumer staples, real estate, and utilities really lagging behind. The key level that we wanted to watch earlier on was 2945. That had been an area of resistance o
And china with Asian Studies scholars and economist, hosted by the u. S. And China Economic security commission. This is one hour and 40 minutes. Good morning. Welcome to the last hearing of the u. S. And Economic Security s annual report cycle. Andhearing will review assess Key Developments in the economic and security dimensions of the u. S. China relationship in 2019. It will examine chinas relations with taiwan and hong kong. The commission began its hearings this year, which marks the 40th anniversary of the establishment of u. S. China diplomatic relations by examining chinas internal and external challenges and the effects of effects on chinas ability to sustain Economic Growth and spread its influence. This year has been one of extreme volatility in the relationship between u. S. And china. Change in a pretty debility have been so significant since we began our hearings that commissioners thought it would be valuable to revisit and explore some key topics in the economic and se
Events to an extent hes lost construct control of his own strategy he doesnt have control over whether and when an election will be called it is in the gift of the labor party he is behaving now in the only way that he can as if an election is coming and elect election that hes determined to in turn a hole in westminster thank you for that. We will look at some other news now dorian in fact the number of People Killed by the storm in the bahamas now stands at 20 and it is expected to rise further it is now a category 2 hurricane threatening the east coast of the United States the bahamian Prime Minister here but mina says rescue operations are in full swing and he has warned against looting. In the village of blackwood in the bahamas with this report. Were in the community of blackwood on the island of abaco in the bahamas this is one of the most northern most islands and subsequently one of the worst hit areas by Hurricane Dorian again that category 5 storm that took 36 hours to make
Palestinians but many people speculate the this plan is nothing short of dead on arrival given the fact that this is ministration from the beginning has taken a very adversarial stance with regard to the Palestinian Leaders and the Palestinian Leader for their part say that they will reject this plan as a result of the lack of consultation the fact that they were not involved now we do know that in terms of this plan the white house saying that it will be released sometime after the israeli elections on september 17th we are on clear whether or not jason green will stay for that unveiling or if he will be gone if this plan is delayed yet again as it has been repeatedly already that does raise some questions about the fact that if the architect of the plan is not going to stick around how viable is it moving forward. In the news ahead protests in nigeria lead south africa to shut down its embassy over safety for us and moment rejects in afghanistan a u. S. Service member and a romanian
While ago. A flat yuan on the session. Lets have a quick look at whats going on in the United States. A whipsaw of a session. S p 500 down once again. We were higher a moment ago. Down about half a percent. Chairman powell speaking at the jackson hole symposium. The 10year, not a lot of movement. There was some movement in soybeans. We had a big drop only got this china headlines to the effect that china is retaliating for u. S. Tariffs. Publishable soybeans now about three quarters of a percent lower. Crude went down we got those headlines that exporting crude will be more expensive for exporters. We are still down about 1. 9 on wti. Lets get back to fed chairman powells speech in jackson hole. Joining us is matt. I make point to President Trumps tweets for thanking the fed for doing a big nothing and saying it is unclear who the u. S. s bigger enemy is, Jerome Powell or chairman xi. Very strange tweet. Atmagine thats a topic jackson hole people are talking about. The president s infl