The lowest since october of 16. Stocks are going to continue to have a tough time as long as yields keep falling the way they are. And it doesnt seem like where are we stopping is the next question . We talked about this up over the 3s started getting toward 3. 25. Now looking at the down side its amazing to see how much pressure that were seeing right now in terms of the yield and how much thats moving to the down side. Volatilities have been spiking we know that we had that pullback but stayed above 20 still trading around the 22. 5 area the markets remain very, very volatile for all the right relationships. When you look at the mix of whats going on. Whether its the tenyear, the trade wars or you talk about any different issue thats going on, the president and some of the commentary, what people think about what larry kudlow might have said yesterday. All of that combined, there is a lot of unease out there right now. No doubt about it. And the only safe places that i can find right
Well with the stoxx 600 up 2 10 of 1 . One of the outperform is is up and the cac is also positive. It is a racing some of those gains now. Lets get to the main story the Standard Chartered bank head of global fx research. Quarter gdpsecond growth doesnt sound like a massive slowdown but there are some warnings here, what should we make from this . Olds long as there is china just chinese growth over 6 , they are doing fine. They hit Market Expectations with aq2 number and we have not experienced the full brunt of the last rounds of tariffs which will be felt inq3 for the monthly numbers surprised to the upside and thats in the hope that maybe things are beginning to stabilize there. Its like a 14 trillion economy and its carefully managed and this is a managed slowdown. Should investors take flight at all . Investors have to be cognizant, every set of policymakers whether emerging or develop markets are trying to control their economies. There is strong debate as to how good their too
Retiring. We know they have had a lot of issues with the plane. I have been trying to fix the software issues. Boeing naming mark james to take over oversight of that 737 max program. Retirement might be a nice way to put it. The big event this week was two days of testimony. He seems to be in favor of cutting rates. Deliberately emphasize things going wrong globally. He is not that sensitive to Economic Data. I think his room his view is that inflation is somewhat under control. Is such a dramatic change from six months ago. Joe when the Global Outlook significantly dims, your ability to be purely data dependent goes away. You have to try to act ahead of the term. The fed has admitted that it does not have the conventional quality space to fight a gardenvariety recession anymore. It is really about recession prevention. Luke that is the only game in town that requires you to act when the u. S. Economy is falling off a cliff. We talked about this idea that when you give Financial Marke
But still red for each of the major indices. Joining us for the full first hour of the show Courtney Gibson from loop capital markets. Courtney, thanks for joining us. Whats your take on today . Investors in a sort of holding pattern, are they, until we get to the fed unbelievable holding pattern. I mean, volumes are down precipitously today. At least they were before i came on the show today. I talked to our equity desk at loop capital and in the u. S. Alone volumes were down somewhere near 30 and even in europe spain was down i think somewhere near 40 on volumes our desk flow today was down substantially as well. It looks and feels as though investors right now are really kind of sitting on their hands markets as you can see, dow down just slightly but recovering back to the highs of the session. Russell is lagging down 0. 7 utilities, real estate the bestperforming sectors. Energy and tech towards the bottom we have got apple down about 0. 7 , albeit higher for the week broadcom wei
Play to Nigel Farages a group of School Children after failing to complete his party, they campaigned. Match at the french open injapan have been attacked by a man carrying knives in four hours last night sport now on afternoon in the fading light, a child and an adult kyle edmund took only seven minutes live with hugh ferris. Have been killed. To wrap up a win this morning. Coming up on afternoon we have got to the Europa League all the details later. Finaljust around live all the sport. We have got to the Europa League final just around the not the only one, that is the we have got to the Europa League finaljust around the corner in baku, azerbaijan, a long way to go problem for the labour party. Its and we have the latest weather not just Alistair Campbell that to the fans, but some of them good afternoon. Arriving already. Yes, doing their after failing to complete his forecast. Plenty of showers to keep turned his back on the party. The match at the french open in four hours last