He joins us from detroit with the latest. Hey, grady. Reporter hey, neil. As you said we dont know the specific details of this contract but the news it has even been agreed upon by the two sides is just trickling down to the workers here. Obviously theyre pretty excited by the news. I want to bring in jessica. You came from the plant you work in at indiana to be here at the Renaissance Center where the negotiations are happening. How do you feel you know there is an agreement . Even though it is cold and rain any were excited to be out here at this critical moment representing the union and good news. Reporter what has been on strike without pay . It has been hard on a lot of people. 2 a 50 week a not as at all. Reporter youre a temporary worker, negotiations are behind closed doors. Were told this created a pathway for somebody like you who has worked three years consecutively, will be able to get fulltime employment f that is the case, if you find that out tomorrow, once the contrac
Half the stocks above their 200 day moving average. To 30 down about 20 depending on what you want to pick. Keep in mind the yom kippur holiday. Your 10 year yield. Taking up slightly. Not quite what i would call a huge selloff in treasuries but you are seeing some people reposition, some folks like citigroup saying this is more of a reset, more they correction until that bond rally resumes. Crude oil Holding Around the 53 level looking for the impetus out of the eia data. That seemed to be a negative but keep in mind a lot of the inventories actually went down way more than expected. A somewhat bullish signal. Most of the hedge fund very bearish lee positioned and take a look at the dollar. We can call this flat on the day. We are high on the dollar. , those we get a selloff Dollar Strength still in place dont let that fool you. Late stake you look at where we are in europe. That is the stoxx 600 over the last five days. We are getting a bit of a bounce today. But not by much and i wa
Welcome on this monday. Our investment committee, joe, josh, sirrat and john. Shanna is here as well, chief Investment Officer at Boston Private Wealth the market, stocks are rallying after the president says china initiated a phone call about restarting trade talks and wants to make a deal chinese disputing that today saying such highlevel calls never took place that leads us to our own eman javers in france coming off the News Conference with the president. The president was asked directly about the mixed messages, if you will, and he gave an interesting answer yeah, it was a fascinating moment here at the g7. This two by two press conference which is traditional at these things where french president macron and President Trump stood side by side and took questions from reporters and then macron said im going to go do my own press conference, President Trump you carry on and left the room the president continued a wide ranging press conference taking questions from a number of report
Without getting technical, the shift in Interest Rates has raised the risk of recession. Bad news for investors. The dow is going to be down 370 points. That means we are down about 1,000 points from the middle of last week. The s p 500 down maybe 45, 1. 5 , and the nasdaq, thats on track for its longest losing streak in three years, down bigtime across the board. Look at this. Talk about a flight to safety. Money pouring into u. S. Treasury bonds and yields are tumbling. The tenyear, the benchmark Interest Rate, now yields just 1. 78 . If theres any Silver Lining here, its the likelihood of even lower Mortgage Rates in the immediate future. The price of gold, that is a sixyear high. That is also part of the flight to safety. Bitcoin, bitcoin, money is flowing in there, too. Its back to 11,800 per coin, up more than 20 in the last week. Heres what we have to start the new week. A currency war, a prolonged trade fight probably, a stock market selloff bigtime and a universal flight to so
Upsidedown shares tumbling on that big subs miss plus, tech in focus ibm and ebay beat estimates. S. A. P. Misses. Microsoft, crowd strike, chewy after the bill and the growing default risk for stocks lawmakers scrambling for a debt ceiling deal why the treasury secretary says dont be concerned obviously netflix is the lead today, tumbling in the premarket. Saw lower than expected international subadditions that news overshadowing a beat on Quarterly Earnings and revenue. Ceo Reed Hastings talked about the miss during last nights earning call this is one where we forecasted high. There was no one thing, and if i think about three years ago, we were also light. You know, we never really were confident of the explanation then we were 2 billion in quarterly revenue. New were on 5 billion so its easy to overinterpret the quarter membership ads the debate this morning is largely about is this about weak content or is this just price churn and elasticity questions yesterday there was a ceo w