Green arrows across the board in europe the dax is up by 0. 3 . The cac adding 1 . The focus again today, because yesterday it was the fuel for that whipsaw action, treasury yields, 1. 727, much firmer than what we saw yesterday. We saw a low of 1. 595 we had record lows across the yield curve. Thats worth noting. A lot of strategists saying we could test 1. 35. Beijings central bank setting the official reference rate for theyuan to the weakes level in a decade. Eunice yoon has more on the midpoint number that traders are watching they do it now at 9 00 p. M have to watch all the time eunice its worth it its worth it to stay up that late the central bank set the midpoint fix weaker than 7, but it was actually stronger than what a lot of analysts were expecting. So because of that traders were taking that as yet another sign that the government here wants to pull the reins back on the chinese currency there was no official commentary today on the fix it was interesting to see what came
With at least one ftc settlement in its rearview mirror. The Company Posted secondquarter results, shares are up as most of wall street says fundamentals remain strong. Tesla resorts secondquarter results, cutting losses and wall street reacts. We will break down what went wrong and right. Our top story, facebook out with secondquarter earnings, proving the company can grow advertising and users while feeling the heat from regulators worldwide. Hours after facebook announced a settlement with the u. S. Federal trade commission to end a probe into the privacy policies, the beingy confirmed it is investigated by the ftc on antitrust as well. Facebook was alerted to the investigation in june but is just now sharing the news with investors. This as growth in revenue and daily active users Beat Estimates but with its reputation continually under assault, how . David, first of all, what is your take on this new investigation by the ftc . David it doesnt really surprise me. We have multiple p
Predicted every last recession weighs in. Now to Edward Lawrence at the white house, on the trade front where things stand. What is going on there . Reporter looks like better than expected numbers coming out of china helping markets today. China says their exports have increased 3. 3 from june to july. Surprise with some with escalating trade tensions. Export numbers deficit from the United States has shrunk 2 billion from june to july. It is still a huge number, look at yeartodate. It is 168. 5 billion yeartodate. Also thursday, Chinas Central Bank made moves signaling future devaluing currency even though today theyre stablizing. Should the currency weaken too much that should cause Asian Countries to cut their Interest Rates even more. White house Economic Advisor Peter Navarro down playing that this morning. Listen. The yuan has gone down 12 . We put on tariffs at 10 . The yuan goes down 12 . Theyre basically trying to offset the effect of the tariffs but it does have ripple effec
Association summer meeting. Thank you all for coming. Certainly hope you enjoyed your time here in salt lake. Governor herbert, again issue express my profound appropriation to bought and you first lady for the warmth of your hosting, for the choir, for donnie and marie, tonight, every step of the way, please give the good governor the first lady a round of applause. [applause] were honored to have everybody here and thank you. Welcome to utah, this has been a great event so far. I appreciate the little gift i just got from my good friend, governor of montana. Its a monocle. It allowed me to see the fine print when i sign legislation. [laughter] for the last year ive had the dink honor and privilege of sending on behalf of americas 55 governors of our states and territories. Couldnt be more pleased witch the work we have done together. Governors all across the country on the frontlines and their states each and every day, theyre serving constituents, coming up up with Real Solutions, u
Plus, verizons 5g focus. The ceo says 50 of consumers will have access to that technology and beyond meat is tumbling in the premarket, pricing a secondary at six times the ipo price and has new competition on the way. Stocks are looking to open higher after their worst day in two months yesterday the fed cuts rates by a quarter point, but the chair dampens expectations for more easing despite the selloff, the major indices still finished july in the green, their sixth positive month in seven, although were headed into the historically weakest two months of the year well, look, were making much too much of this mid cycle were going to forget what that means five days from now we wont be thinking about that. Well be thinking about it today until the market goes up then we say forget about it. He was in a spot hes in a spot because he has a president who cant fire him but would fire him, right . And send him down the elevator he wants to make it so that its not personal so he comes up wi