Gold going back higher as the dollar is lower. Some of the trends we have seen more in place recently are still in place today. Investors are waiting. David we will also get some q2 gdp numbers. I will ask you about gold because it was a big story yesterday. But i have to tie into the dollar. What is the dollar doing . Abigail the dollar is down. The dollar index itself is about flat. The difference is in the euro weighting. The trend on the euro has been down but so much so that we have Goldman Sachs saying perhaps it will lose its status as a reserve currency. In the past, sometimes it is a signal it could be stabilization or a move to the higher. That is supported by the technicals. Relative to the fed tomorrow, will they give any policy move . Very unlikely. They did extend their emergency loans, so that is probably the bigger news. The 10 year yield at this point has basically been flatlining since march. If anything, it appears its bias may be to the upside. That could support th
Is really iffy. Jonathan for the Federal Reserve, it is the shift from the realization to accommodation. Everyone has spoken about this, that today is too early to announce forward that to announce Forward Guidance. Tom i totally agree. A giant of the richmond fed made very clear, steady as they go is what we will hear from chair powell. Jonathan what an agenda this wednesday down in washington. Lisa we are talking about the big four tech companies, all of the ceos testifying in front of an antitrust committee of the house. Republicans on one side questioning them about stifling republican voices. On the others, questions about stifling competition. The president is traveling to texas to talk about energy dominance, with just three days left until the federal Unemployment Benefits go out of effect. Jonathan look forward to full coverage on bloomberg tv and bloomberg radio. Lets get the price action this morning. Equity futures up five points on the s p 500. In the bond market, improvin
Trade Representative Office is officially submitted usmca, the final language of the Deal Congress has votes scheduled in the ways and Means Committee on tuesday and then the vote goes to the full house, this is a ratification for the usmca clearing some of that and certainty. China, one longlasting part of this agreement, the ministration official says theres real enforceable protection for intellectual property of companies. The details of commitment to a number of areas like trade secrets, pharmaceuticals and trademarks and patents a as well as online infringement. It also addresses partly the force transfer of technology by removing the requirement that Foreign Companies have to partner with the chinese firm. The other big section of this for shortterm is agricultural bias. As Senior Administration official said chinese agreed to buy 40 50000000000 about a hundred dollars of agriculture for the next two years. It also has enforceable language. The president saying farmers will need
Trade Representative Office is officially submitted usmca, the final language of the Deal Congress has votes scheduled in the ways and Means Committee on tuesday and then the vote goes to the full house, this is a ratification for the usmca clearing some of that and certainty. China, one longlasting part of this agreement, the ministration official says theres real enforceable protection for intellectual property of companies. The details of commitment to a number of areas like trade secrets, pharmaceuticals and trademarks and patents a as well as online infringement. It also addresses partly the force transfer of technology by removing the requirement that Foreign Companies have to partner with the chinese firm. The other big section of this for shortterm is agricultural bias. As Senior Administration official said chinese agreed to buy 40 50000000000 about a hundred dollars of agriculture for the next two years. It also has enforceable language. The president saying farmers will need
President trump making a move likely to spark a fight for the west wing. Trade tensions rising again as new tariffs again overnight on the largest trading partners we are not talking china it is friday, october 18 Worldwide Exchange begins right now. Good morning happy friday and welcome to the show hear is how your money is opening up the dow off by about two points so relatively stable the s p 5001 away and the nasdaq 2. 2 away. The bond market now moving ever so slightly on the other side for stocks twoyear note yields just below 1. 61 let us now go worldwide in european trading we are seeing a little more red than green dax up. 1 cac off by. 7 and the same for ftse and mib as well in asia, can you see the nikkei up about. 2 3ers and the hang seng down. We had breaking news overnight the latest read on the chinese Economic Situation it is now slowing to the lowest level in decades eunice, what can you tell us about these numbers. They were pretty bad. The consensus is that beijing i