Will this, mys speed divorce talks . Waiting for draghi. President speaks ahead of the jackson hole summit. Will he give any substantial clues about the Central Banks next steps . Matt we are less than half and a lower half an hour away from the open. Futures are trading, a bit of a mixed bag in my you see dax futures a little bit, ftse and cap futures down a little bit but not a lot of direction so gains the games we we saw yesterday. Some slight, some bigger, the dax closed up 1. 3 and the cac and ftse were both up almost 14 ,. 8 or. 9 of 1 . Bunds, not a lot of movement, yielding 0. 4 even. See a lot of direction from investors. A lot of investors are waiting to see what mario draghi has to say later on. Digesting markets are what donald trump said and the distance you have to travel between rhetoric and delivery and action. That distance is substantial. Gmm is the personification of that. Aussie stock dipped lower into the close. A rally of 1 predicated on the possibility of tax cu
57. 4. The forecast was 56. 3. Better, bothng in for manufacturing actually, services a little below estimates that 54. 9. We will hear from mario draghi, speaking in germany. He says Forward Guidance is a useful instrument, but the effectiveness can be improved. Lets listen. Its easier to explain to the general public. Clear. Change is insider change. Saying, when the facts change, i change my mind. What do you do, sir . For policymakers, its not that simple and Research Helps us to decide whether a change deserves a policy response, or as we say, we should work through it. Fourth, when the world changes, as it did 10 years ago, policies, especially Monetary Policy need to be adjusted. Thats true for most people, but not for everybody. Such an adjustment is never easy. It requires and im prejudiced, a new assessment of the new realities with clear eyes, ofncumbered by the defense previously held paradigms that have lost any explanatory power. Fifth, we mus tbt be aware of te ours that
The why is what is unknown. Is the spreading commodities market everyone is watching. The spread is almost 4. The global tightening we are seeing in the market when it comes to balancing. 10. R up by the vix, modest today. Desk david says trump was back in campaign mode. He took on nafta, the media, and the republicans senators from arizona. He threatened to shut down the government over the building of the wall in mexico. We have to close down the government, we are building the wall. Me be clear to democrats in congress who oppose a border wall and stand in the way of border security. You are putting all of americas safety at risk. David explain what the president was doing here. Keep thee things is to government going. Why did he reach out and say we may shut it down . He felt a need to draw a red line about the border wall. A number of republicans and all democrats are opposed to using taxpayer money to pay for a border wall. The president says this is something he campaigned on an
Consequences. We have to close down our government, we are building that wall. Let me be very clear the democrats in congress who oppose the border wall and stand in the way of border security. Americastting all of safety at risk. Julie here with more is keefe chief washington correspondent kerrys really and a washington reporter who are both in washington. Classic trump is back. Commentsly concerning about building that Mexican Border wall. How seriously should we be taking him . Margaret this comes against the context of summer break for what for lawbreakers for lawmakers just winding up and that having to deal with a lot of substantive issues and their midterms. Real concern on the part of lawmakers as well as officials in the white house, but a uncertainty about how much this was a real threat. Julie kevin, your thoughts here . It was classic trump and im not sure classic trump went anywhere. We all remember the response from charlottesville. I think that the bottom line is that th
Galaxy note 8. And uber may be on the right road with losses. It is now a mere 645 million. A reminder to our viewers on what happened today in the u. S. , you have to remember what happened last night. You guys were still trading in donald trumpsident said this. President trump we have to close down our government, we are building that wall. Let me be clear to democrats in congress who oppose the border wall and stand in the way of Border Security. You are putting all of americas safety at risk. Betty Republican Leaders sweating bullets after the comments. That hit the markets,. Today, risk off. Right after trade, you had mitch mcconnell, the Senate Majority leader who had been rumored to not have spoken to trump for weeks, ane, he is working with the president. They are going to Work Together on tax reform. Trying to alleviate the market, that this Government Shutdown is nowhere near happening despite what you heard from trump. Betty is increasingly casee is increasingly the the you