Comprehensive deal beats a partial deal is where the president was going. Down necessarily mean a partial deal is in the offing but at corner of wall and broad they think one is. As i told you many, many times, trade talks, whether they look promising or not indicate the direction of stocks. Better for trade, better for stocks. Worst for trade, worst for stocks. The ministers gather in washington this week to hammer out some sort of an accord or at least a preview of one. Lets not get ahead of our proverbial skis. There are issues weighing on the markets, sped up impeachment battle. The president is handing over his tax returns. There is a appeal in place to prevent that from happening by the one p. M. Deadline. Blake burman from the white house following all of this. On the trade front, if this is true it, would represent a big change in administration policy, right . Reporter as you said, lets not get ahead of our skis here. That is a good way to put it because remember when all of t
Making money. Charles u. S. China trade talks resuming this week. All eyes on what if anything may come out of these meetings. Stocks were off, the dow off about 150 point. We pared that initially after Economic Advisor larry kudlow made these optimistic comment. Watch. Were opening to a number of ideas. Some pay be short term, some may be long term. It is essential that the structural issues we talked about for two years since ive been around, the ip theft, forced transfers of technology, the cyberspace hacking, espionage, trade tariffs, nontariff barriers, that stuff has got to get solved. Well see what they put on the table and anything is possible. Charles lets lets go to edwad lawrence some exclusive new details from the white house. Edward, your tweet moved this market. Reporter no i dont know about that but there is favorable goodwill felt in the atmosphere right now. Right now the deputy level delegations went back into a meeting. They broke for lunch. They went 30 minutes ago
Center stage and treasuries weaken with the curve flattening after last weeks definitive move higher. Joining us for the hour, dan nathan a real Holding Pattern here today. Are we waiting for news out of washington heres the good news, right we had this big rip up off of the lows last week on optimism that there would be some sort of grand deal as far as trade is concerned. The fact that it doesnt look like that were going to get that at the end of the day, the fact that were not down in a meaningful manner is fairly establish. Could things change pretty quickly if the fed decides top pull our negotiators away and we know were dead in the water for a couple of months no doubt about it. Its kind of interesting on a day like today, where we dont see staples and utilities. These are two of the bestperforming groups, deemed to be defensei you dont see them rallying and dont see the s p 500 down a lot either it seems like a lot of nothing despite some really potential for volatility later i
Grows inchment drama washington as President Trump goes on the offensive. The u. S. President also says a trade deal with china could get done quote sooner than you think. Authorize u. S. To tariffs. And warnings from some of londons biggest names. Imperial, pearson, and ing cut guidance for the year. Good morning. Matt good morning, anna. Less than half an hour away from the european open. I am looking at treasuries after the big spike we saw yesterday. Backed up above 1. 7. Indeed, we hit 1. 74. Where coming down as investors by bonds. Buy bonds. We are also looking at risk off trade in terms of european futures. Dax,a look at where we see cac and ftse futures trade. Not a lot of movement at all. The arrows are already, but really, not a lot of movement. What are you seeing on gmm . Ic 30 year treasuries also seeing a retreat. Bit of buying in that department. Indian and indonesia does higher. China is down by. 5 , which is interesting. Have forhe picture we the fx markets. We saw a
Million to 30 million tons. Next case, the federal reserve, jay powell says hes going to grow the Balance Sheet but dont call it qe4. Okay. I will put it into english. Interest rates are coming down. China trade and Interest Rates, thats why the market will go up at the opening bell. The dow lost 300 yesterday, likely to go up maybe 200 at the open this morning. The s p, the nasdaq, very solid gains this morning as well. Look, theres a lot coming at you throughout todays program. A jury awards 8 billion to a plaintiff who says he wasnt warned about the dangers of a Johnson Johnson drug. 8 billion. One hour from now, we will find out how many jobs are available, upwards of seven million. Two hours from now, jay powell speaks. We are following, yes, we will translate for you as well. This afternoon, the first lady brings youngsters to the white house to outline the dangers of flavored ecigarettes. And we may hear from nba commissioner adam silver. Hes in china, dealing with basketballs b