Or everything is falling apart. The house of pain the value, of course, is somewhere in the middle. Today we took a step in the right direction. The market was, yes, mixed dow only gaining 100 points, s p add 2. 5 , nasdaq declining. 9 some stocks went up, others went down rather than the whole market marching in unison out the window however, most of the stocks that rallied were what i call slow down stocks, the ones that do well in recession. The foods, drugs, turbo charge, secular growth stories that can transcend the growth cycle which are very few thats a start but its hard to outrun the bond bears, arent they arent they hard people who look at plummeting treasury yields and decide eat economy is obviously headed off a cliff. Oh, they blame the trade war with china or the fed reserves unwillingness to signal theyll take action to prevent as serious slow down. Who can blame them i lost assurance from fed chief j. Powell that hes willing to do something about it, that he wants to bu
Stocks are struggling at this hour, as you see there. Two out of three in the red. But not by very much the s p and nasdaq just negative the dow giving up much of its gains. Still on track for its best month since october 2015 check out beyond meat. Every day, we like to check out beyond meat. The stock in the red theres a little pun for you the red beyond meat. For the fifth straight day down 17 over the past week. There you see it, down 16 and change kelly over to you. We begin in d. C. Today, and President Trump targeting iran with more sanctions. Ameamon javers has the latest. Thats right. The white house announced the sanctions which came officially from the treasury department, designating eight officials in the Iranian Military with these sanctions. The president in the oval office today called reporters in unexpectedly, announced the sanctions, and he was asked what his message is for irans Supreme Leader heres what he said. My only message is he has the potential to have a gre
The s p down. 20 . The nasdaq up slightly up. 1 . The treasury market was having. Ism manufacturing numbers came out that were showing growth for the first time in a year and a half. You would think that is good news. It pushed back expectations for rate cuts. You can see the tenyear note at 4. 33. The two hyear note at 4. 71. Yields moved up to the highest level in a couple of weeks. That manufacturing data was a surprise. That was 4. 34. Yeah. 1. 9. It was 4. 20 yesterday. 14 basis points. It was on the stronger than expected ism. You add that together with the higher inflation data with the pce numbers on friday and the comments from jay powell and Christopher Waller last week and all of it has people thinking that june rate cut may not happen. The fed futures fell below Roger Ferguson said it over and over again. He has been our accurate barometer overall of it. We were at six and settle for five. Okay. Four would be good. We decided were going to do three. It could be one or two.
Rishaad a day of optimism. Record highs again for the big three. We will go into detail on the little later. This is an ultimate trading week of the year. We are malaysia, taipei, singapore, all starting the session. Positivity being the watchword. Sophie it is the watchword, indeed. Climbing in sydney, singapore, but malaysia is coming online in the red, down. 5 . Take a look at the big picture. We have bonds on the retreat. Currencies are mixed. Gameng on to last weeks gain. The korean won is leading gains. Is sticking and a narrow range. Japanese stock is fluctuating this morning. Cindy shares headed for the strongest growth since january 2008. Little change after the rba meeting minutes. Seeing we could also be we have not seen these levels since 1991. Sophie when you take a look at the big picture, when you take a look at the japanese equity contribution to the regional index, that will help fuel the fire for the regional benchmark to surpass last months record. When you take up t
In the rebel held damascus suburb of eastern kuta he said four hundred thousand people are living hell on earth the britain based syrian observatory for human rights says at least three hundred people have been killed there since sunday. The Nigerian Military has rescued seventy six school girls and recovered the bodies of two others according to local media they were thought to have been kidnapped by boko haram militants during an attack on the northeastern village of the exact number of girls abducted is unclear. At least forty four people were killed in peru when a double decker bus plunged around two hundred meters into a ravine the crash occurred on a curve panamerican highway in the south of the country Officials Say about two dozen people were injured. Transport industry in deep trouble the. Automotive Component Companies did million. Customers. President calls for a swift resolution of a probe into the Country Central Bank chief whos been following bribery charges. For the very