Stephen mnuchin speaking on the phone today regarding stimulus negotiations with a promise to speak again tomorrow and new york city is back in had the coronavirus spotlight. People refuse to wear a mask still to come, coming up on todays show, embattled e. V. Maker nick la with new lows. Well ask the former auto executive what it all means for nikolas pending deal with gm. Plus, well speak with the newly minted president of shopify about the run that stock has been on. Up more than 150 . Well ask about the recent news of rogue employees stealing some Customer Data. Harl Harley Finkelstein will be our guest. We have the latest headlines coming out of washington, d. C. For us start with you, mike a little bit of low volume churning going on today. Maybe a little apprehensive. Kind of Holding Steady ahead of these couple of known potential catalysts, of course the president ial debate and the jobs number. After 4 two day rally, s p 500 year to date, train day, we kind of had that half 1
Treasury market, youll see the ten year right now is yielding all the way up at 1. 829 30year back at 2. 3 so some much higher levels of yields than weve been used to in recent month. Our top story, a series after attacks that took place over the Weekend Energy prices are soaring. Wti crude at 59. 55 brent at 65. 60 Big Questions for the future of the aramco ipo airline prices, all sorts of things Brian Sullivan is covering the huge moves in the oil prices in houston. But we want to start this morning with hadley gamble in riyadh, saudi arabia good morning, hadley. Good morning, guys. We are now over 48 hours from the largest ever terror attack on saudi arabias Oil Production facilities and still very muted response from not just the government itself but aramco were told in the next few hours we could see more information coming out of the company just about how this happened information about output, at the moments all we really got go on is the reemphasis time and time again on the
Economy has undergone an extraordinary transformation developing from an inward looking agrarian based society to a Major Industrial powerhouse growth has been rapid for years double digits were the norm now the pace of expansion is slowing down in the last quarter g. D. P. Rose by 6. 2 percent followed by many standards but for china the worst performance since the early 1990 s. The governments been keen to offer reassurance but doesnt deny there are problems from. The money and generally speaking Economic Performance in the 1st half of the year was within a reasonable range and has sustained momentum and overall stability. However we should also be aware that the Economic Conditions are still severe both at home and abroad Global Economic growth is slowing down the external instability and uncertainty are increasing the unbalanced and in adequate development as home is still accused the economy is under a new downward pressure. Much of that downward pressure is a result of the countr
Doris crane the moment arrives. Join during a taping on her journey back to freedom. In our interactive documentary. Tour on trying to tame returns home on d w dot com arena tangs. China reports its slowest Economic Growth in decades so the trade dispute with the us to blame for a Slower Growth simply chinas new normal example latest from beijing. Also on the show the e. U. Takes action against turkey for its gas drilling off the coast of cyprus will tell you what it means and how ankara has responded. And farmers in argentina could benefit from south americas new trade deal with the e. U. What about other sectors well it depends on the u. S. This is your Business Report im Stephen Beers in berlin thanks for joining us the chinese economy continues to cool new Quarterly Results showing the slowest growth in 27 years so does that mean china is on the ropes in its trade war with the u. S. Well not so fast domestic demand is up and state support appears to be kicking in but china does hav
Just to entertain, but to coach and teach you. Email me or tweet me jimcramer. This trump trade, the dow advancing 36 points, s p climbing. 02 , and i think the president is starting to confuse the heck out of everyone in the business world. This show is about investing not politics. Tru you should not invest based on his musings. Stocks are going up because of self help and because of mergers. And there are those that are going down because of the uncertainty created by the president s tweets and the casual comments about the rest of the world. Im not sure that the president understandings that his words carry a lot more weight than they did when he was a private citizen. For example, when you say out loud that maybe the big banks should be broken up. When you say that the government should be shut down in september, youre sending a message, im a provocateur and chief who doesnt know my own power. Wall street has gone from believing that trumps going to save American Business to wonde