Week. Export side of things helping things on the nikkei. The hang seng, another week of protests weighing on sentiment. Shanghai moving to the upside. Hopefully more on the way to support what is going on in china. Lets look at some of the moves out there. The aussie 10 year, huge rally, last week in bonds. The selloff taking place. A rally taken place. Five basis points. Platinum features, this is interesting. Much further up on platinum. That was down to this prediction you would see a nine he would see an increase. Crude, unchanged. Saudi arabia minister being replaced by one of the kings sons. That uncertainty is lifting up. Gold heading higher. Going in opposite directions. Thats all we have. The yields in australia are adjusting lower to the bad data out of the weekend from china. Clear that they will support the economy is the trade war intensifies. Taking a bigger than expected hit. Should i expect more from Central Banks . Unless you expect the chinese economy to suddenly sta
With tim cook. And one company is shrugging off concerns about an economic slowdown in china. Well tell you which one it is. A moment of truth for lyft as insiders get their first chance to sell shares at the open stocks are set to build on fridays rally, were heading into this mornings trading session, the dow is within 394 points of recouping all the losses from that wednesday selloff of 800 points is the economy at risk of recession . Take a listen to what the president and some of his top aides said yesterday i dont think were having a recession. Were doing tremendously well. Our consumers are rich i gave a tremendous tax cut. And theyre loaded up with money. And theyre buying i saw the walmart numbers, through the roof. I dont see a recession we had some blockbuster retail sales consumer numbers towards the back end of last week. We had the strongest economy in the world money is coming here for a stock market also coming here to chase yield and our bond market. Vice president tod
Which is more scary, the inversion or what we are seeing in the 30 year . What does it mean for Global Equity markets . This is the picture we find ourselves with right now. The s p trading sharply to the downside, down by 1. 5 . Tech stocks are down, chip stocks down, banks trading lower. At where the look banks are here in europe, down by 2. 46 . We are seeing a big move to the downside in stocks. Stocks, when we look at what is happening with the dow, down hard. Macys is getting battered today on the back of its numbers. We have the wework ipo to talk about. The timing on that one looks pretty difficult as well. Two other stocks were focusing on as well. The deal is finally done, that media merger. Viacom and cbs are reuniting after 30 years in a longawaited 11. 7 billion deal. What is interesting today is the Market Reaction to that. We are seeing both stocks coming under pressure. Part of that is down to what is happening with the markets today. It would be tough to be positive to
Welcome to squawk alley. Im Carl Quintanilla Morgan Brennan has the morning off. What a morning it is too beginning with major tech earnings four big one, twitter, amazon, alphabet and intel and intels ceo bob swan will sit down with us as we look at potential datacenter recovery, pcs and unbelievable characterization of what china was like last quarter. Yeah, surprising mix, the pull in from people freaked out about tariffs actually had some benefit, sounds like, for the pc business, of course, there were some problems there as well but interesting stock action this morning. Intel actually a bit in the red this morning it had been up as much as 4 , i believe, at the open and near there. Up kit a bit afterhours and amd higher than intel which is an interesting dynamic that ill want to dig into but, you know, beyond just intel, you have lots of different earnings story, people surprised. Google, alphabet had been in the doghouse compared to peers and a lot of people got surprised by the
Well talk about that when power lunch begins right now welcome to power lunch. Im melissa lee. A wild day for the market. The dow now up, look at that, almost 400 points. 1. 5 wiping out yesterdays losses on track for its best day since may. The nasdaq is now up just about 2 as tech leads the charge higher. And check out shares of apple. Having the biggest impact on the dow, it is up about 4 its best day also since may. Kelly. Thanks. We begin with a phone call that turned the markets around. Kaley tausche has all the details of what took place the details we have about the call are coming from china actually commerce minister and hard liner jong chun, and leo ho were among principals from beijing along with Robert Lighthizer and Steven Mnuchin representing the u. S. Chinese tv said the u. S. Asked for the call, but declined to provide a readout or comment whether inperson negotiations in september were discussed. President trump on twitter implying there was a discussion of agricultur