We went to a bull steepener from a bear steepener. Time never global exchange. We bring you todays market moving news from all around the world. Joining us from hong kongs frombergs karen leigh, mumbai are bloomberg executive producer, and Michael Mckee is in washington. We want to kick it off in hong kong, where chief executive carrie lam invoked Emergency Powers and banned facemasks as protests continue. Not an easyis decision to legislate to ban the masks, but given the Current Situation in hong kong, this is a necessary decision. Alix karen leigh has more. Whats been the response . Not a great response from protesters. People are gathering in the city center as we speak. They started gathering while carrie lam was still speaking. People worried this would give police power to go and arrest people, search without a warrant , and in an extreme situation, shut down the internet. It has a huge potential to impact life here. It is something people are upset about. It could fuel proteste
You had greeks being able to sell bonds for the first time a negative yields, so there is still search for demand in that negative yield world. Time now for global exchange. We bring you todays market moving news from all around the world. Current is in the is in the current is enda ant, anna edwards, and Kevin Cirilli. Reportedly, china is still open to a partial trade deal with the u. S. As long as no more tariffs are imposed. Enda currannt joins me from hong kong. Enda the fact that the hong kong delegation is still heading to washington speaks to the idea that china is in the market for some kind of agreement on the trade front. Colleagues in beijing are reporting today that china is willing to do more, perhaps step up its purchase of agricultural goods in the hope that at the y least, the u. S. Doesnt that the u. S. Withholds additional tariff increases. At the very least, it seems that there is some kind of play to get a partial agreement. Alix thank you very much. The National B
Strike. President trump orders tough new ctions, and facebook marketsets see how closed in the wednesday session here in the u. S. The s p 500 plunged after the fed Rate Decision. It was a rate cut, but it was seen as a hawkish rate cut. We saw the s p 500 losing ground, paring back some of the declines to finish unchanged. U. S. Futures at the moment not doing much. Biggesttocks were the losers in todays session as we had wti losing ground for a second session after the surge we saw monday following attacks on saudi arabia, but crude at the moment coming up higher,. 2 . Still below that 60 a barrel level. We had financials, though, gaining ground in todays session. Yields had plunged in the early session today as we had the fed coming back injecting cash into the market. Those declines, though, were pared back a little bit toward the end of the session after that fed Rate Decision, and the 10year yield finishing at that 1. 8 level. Lets see how things are finishing in asia. Sophie fut
Probably in history but in american history. Its a disgraceful thing. There was no pressure. The way you had that built up the call it was going to be the call from hell. It turned out to be a nothing call. Charles president unleashing on democrats and media now that the transcript of the phone call is out. President asking ukraine to look at joe biden and his son over alleged shady dealings. This phone call a centerpiece of the house impeachment crusade. The man himself, fox senior judicial analyst, judge andrew napolitano. Remain seated. Charles your initial take on this after boeing through it . There is twoways to look at this. One is the president said i need a favor. At the time he said i need a favor the president of the ukraine realized that President Trump was holding up 390 million which had been authorized. Charles objection. Leading the witness. Yeah, right. Charles what do you mean . Lets go through this. Because some people havent read this yet. When the president zelensk
Afraid. Alix the cotton crop is the most vulnerable now. In the markets, this is your job set up in the middle of easing from russia and china. Both of those contributing. Yesterday. Her continue to see some followthrough buying, up 0. 1 taylor the dollar is kind of back up 0. 1 . The dollar is kind of mixed. You had a sort of large selloff block in asia in the treasury market, so that exacerbated yields moving much higher, but crude all of the sudden off by 0. 2 . Off by 2 . Time now for the global exchange, where we bring you todays market moving news from all around the world. Going us from hong kong is bloombergs jeff black, tony ahrens in london, Francine Lacqua in italy, and Michael Mckee in washington. We want to start with china, where the countrys central bank announced it will cut reserve ratios for banks. Bloombergs jeff black is in hong kong. Put it in perspective for us. Jeff good evening from hong kong. This is all about the ongoing slowdown of the chinese economy, the on