Trade talks in october and some disappointing data here at home. Home price growth loses momentum Consumer Confidence numbers fall sharply. We are covering all angles of the market and developments out of washington with bob pisani, eamon javers, and ylan mui, also standing by. First, lets bring in steve grasso from Stuart Frankel hes joining us for the entire final hour of trade. What do you make of the price action around these headlines around impeachment i think its what you said, it was the u. N. Presentation and then it led to a little harder stance on china and it went from there to the impeachment hearings or the impeachment process. And then when President Trump said hes going to release the transcripts, the market rallied. Because how incriminating could it be if they were going to release it, right right, they thought there was a smoking gun issue that was going to arise, so if he was going to release it, maybe that wasnt the case, and were back to the impeachment process ag
Is looking like its biggest handicap. Going global. Worldwideplans a expansion. Shery lets get a quick check of how the markets closed in the u. S. We saw a stock rally with the dow gaining 270 points, while the s p 500 was higher by 1. 1 . We had already seen stocks higher since the morning session after President Trump said the prophets for a deal were better chinaw anytime talks with began last year. The positive sentiment on trade was spurred higher with the presser from president s macron and trump in the afternoon where we heard them both be positive on trade but also potentially no auto tariffs on japan. Not to mention a sit down with iran. We saw the stocks on the s p 500 and the green. Lets be mindful that volume was pretty thin. About 20 below the average at this point. U. S. Futures at the moment unchanged, but this as concerns are still out there on perhaps a recession hitting the u. S. We continue to see the yield curve inversion deeper into negative territory. Paul . Paul
Also weighing on investors, continued protests in hong kong. All remaining flights today out of hong kong have been canceled, as demonstrators are occupying the airport there. It follows a violent weekend of protests, including clashes between demonstrators and police, beijing officials condemn the violence and linked violent protesters to terrorism. A bad sign. Also, low Interest Rates affecting the market. Check the tenyear yield. Its 1. 69 now. The other big story of the day, the death of Jeffrey Epstein. Were learning that epstein was not checked on for several hours leading up to his apparent suicide in his prison cell. Attorney general william barr is furious and says there will be a federal investigation. Theres a lot of news to go at today. You dont want to miss a moment of it. Varney company starting right now. David a quick look at stock futures and they have improved a little bit from where they were. Lets go right to susan li at the stock exchange. Whats the buzz, susan . S
Fear is looming and the economy losing altitude. We will see what is happening on the markets, sharply down right across europe and thats after the escalation in the trade war between the us and china. A chill spreading across global stocks. We will getting the inside track on the past week in business including spending on a no deal brexit and the feds move to cut Interest Rates, thats all with our economics editor faisal islam. And asa economics editor faisal islam. And as a london pub reveals it is using facial Recognition Technology to tell staff who is next in the queue, we wa nt tell staff who is next in the queue, we want to know is this a good use of the software . Would you be happy for your face of the software . Would you be happy for yourface to be of the software . Would you be happy for your face to be scanned in order to get served quicker . Let us know using the hashtag bbc bizlive. Hello and a very warm welcome to business live. Good to have you with us. Business live.
The u. S. Team may ahead to beijing for new facetoface negotiations if talks over the phone go well this week. Shery later in Bloomberg Technology global link, we take a look at all the concerns around the facebook crypto push. Why analysts say libra is fanning the flames for critics. First, lets get you started with a first check of how markets closed on monday the u. S. We have equity markets fluctuating between gains and losses, just the finish slightly higher. Investors pretty much focused on secondquarter earnings. We had tech stocks leading the rally with the nasdaq up 2 10 of 1 . Steel stocks gaining ground after white house advisor Peter Navarro talked about an executive order to have Companies Use more domestic steel and iron for federal contracts. Pressure coming from the Energy Sector and financials. A mixed bag of earnings for citigroup which plans to kick off the secondquarter earnings season. Trading revenue dissing estimates. Citigroup leading the estimates. Every member