Increasingly concerned. It is the economy. Jay powell fed chief jay powell holds where facetoface talks with President Trump. Warnings from within the fed. Rosengren eric morning policymakers against putting financial policy at risk. We will hear exclusively from him. And now, back to sophie for a look at australian markets. Higher. 6 200 is opening a2 milk leading the pack. Aining 17 after reporting better margin outlook. Checking in on the aussie dollar. Ahead of the rba. Still clearly and a focus for the currency. 1 ancks are adding on hour into cash trade. Futures Holding Steady in chicago. Lets see how we are sitting up in hong kong. Hans sang futures are under pressure after the rebound. Speculation that chinese funds are providing support for the market. Even so, there is some investor caution given they are rethinking their positions with the increasing violence in hong kong. We did have the hans sang in the hong kong index regain their 50 day moving averages. Lets jump to the
Thank flirks i didnt say anything i wouldnt want them to hear we have our Investment Committee today, joe, jim, jon, courtney, the president of luke capital markets. Brent is managing partner at requisite. You can stop the music now, right . I dont hear it hear music there we go thank you. All right. Lets see where stocks are likely to go from here whether its possible to have that seven week surge. The headline that the market stock had been reacting to in the last ten minutes, reuters exclusive. Trump xi meeting to sign u. S. China trade deal could be delayed until december as discussions continue over terms and venue. Market didnt like that. Yeah. But a blip. Just a blip because weve been basically going back and forth across break even all morning, scott i think what were doing going to address here is what would be the driver other than that that will be a driver if thats signed even if it is signed before december 15th for instance if its signed after f that, then weve got other
1. 13 . Wowza. They jeweled that nasdaq they reacting to a glut of ipos. On the investment publics back. I take no joy in this but i told you so all year i predicted the ipo cycle would end with a whimper and now its here. Busted deals like peloton. On the heels of smile direct and lyft and uber. Boo theyre booing, becoming the norm there is a big reason why it keeps getting hammered especially the turbocharged Growth Stocks. Did you see them today kind of to the point the president i hope follows through to block more chinese iphonipos no, no, aagh i dont chatter about limitations by the president causing the market to get hit because anything thats not flat out suggesting compromise indicates that were much furthe further away from a trade deal than the bull has hoped. As someone who wants the chinese to play fair, i think a ban on chinese ipos would be a blessing its not whats in the cards, i can tell turns out talk is really about limiting American Investment in chinese companies.
Right now. And good afternoon im scott wapner live. Over the next two days the Halftime Report is debating the state of tech and where your money will work best in the space. From the latest ipos to the f. A. A. N. G. S. We are joined by jeff richards, Jason Calicanis and dan niles. Lets welcome in our guest host for the hour today. He is raise ing a new fund. They are going to invest in private software companies. Well get into that a little later on. Jeff richards is with us on set. He is invested in slack, square and air bnb. Thanks for having me. Good for us to come back out here. Six months dpoe we were here and taking the temperature of tech. Ill ask you first, the state of the market out here is what . Frothy. Word association. Frothy. Just think late stage private valuations are quite high. And then youve seen a bunch of what you would consider previously Growth Investors, Growth Private account investors moving earlier and earlier to get away from the frothiness and that is ca
Flat that really does obscure a lot of drama up at least 2 s that has been pretty dramatic. Also why the nasdaq has been down so a lot of those profits are coming out of there. The hang seng up by 1 3 4 mentioning those tariffs that china will be taking off those goods. We have more on that front in a moment also an American Chamber of commercesaut u. S. Chamber services have been getting hurt and many of them are moving away more quickly than anticipated redirecting businesses there in the meantime, lets look at what has been happening. For the most part, green arrows. The ftse is up the dax up about. 75 . And cac is up. The trezy market and yields, they have firmed up. The 30year trading almost 2. 2 . 10year at 1. 714 . Twoyear note at 1. 67 breaking deal news, Hong Kong Exchange proposing a 36. 6 billion cash and stock offer for the London Stock Exchange saying it approached the lse with a bid last year, they agreed to buy refinative in a deal peloton says it plans to price shares b