Paid hundreds of outside contractors to transcribe clips of audio from users of the services. More on that get exclusive story through the day. I want to check in on asset prices that show you what kind of risk on rally we had after donald trump said he would only put tariffs on part of the 300 billion worth of goods from china that he had previously flagged to start in september. We see asian stocks rising after the massive rally in european and u. S. Stocks, gains of 1 and more than 1 across the board in the u. S. You also see another contributor to the risk on sentiment. For the fifth day in a row, china has set the yuan peg stronger than expected. Five days in a row the pboc says it is stronger than the market signaled the. Signaled. Ket , no more safen haven bid, the dollar gaining strength against the japanese currency. For the yen. Nejra perhaps some part of the market saying we got ahead of ourselves yesterday. The s p 500 jumped 2 at one point. Apple leading the gains. Only so
Are following this tuesday, oil firststudy after aramcos half showed no surprises. Income fell, but still the most Profitable Company in the world. Argentinian stocks in the peso, potential to roil wider markets, too. Shery lets get a quick check of markets closed. In the market session, another down day for submarkets with the s p 500 falling below 2900. Financials and materials led the declines. The s p 500 at 1. 2 . The nasdaq also fell. Risks rising in argentina. Political uncertainty in hong kong. Coined futures following falling the most since 2013 on a bearish outlook report. All that added to pressure across the market. U. S. Futures up 0. 1 . Lets see how we are setting up in the markets. Selina . Selina after that down day in the u. S. , asian futures set for a weak open. Chicago nikkei futures change, but futures and seoul, sydney and new zealand down 0. 8 . Markets were closed yesterday in india, malaysia, thailand, japan. Concerns about political unrest in argentina, hong
My name is matthew goodman, i old the science chair year at csis. Welcome to our online viewers, we always have a good turnout online as well. Welcome to the event, building bridges, question mark, in u. S. China relations. This is brought to us with a kind sponsorship of the Carnegie Corporation of new york which has been a supporter of the dialog that lies behind this event which ill explain in just a second and ill introduce our terrific panel in a second and invite them up. First let me make a couple of administrative announcements. As usual, please silence your phones and if theres any kind of emergency, which is unlikely, weve never had that problem, just follow me. That are emergencies hears and at National Geographic one street down on m street. And i think that is all i need to say administratively. Let me just say that the actual narrow reason for this event is that were going to be rolling out a series, a collection of essays that have been written by u. S. And chinese schol
Buy greenland. In majore are off 1. 5 indices. The s p quelling back to 2900. The 10 year yield off its lows at 1. 8 . We did get Consumer Confidence data from the university of michigan that was a little disappointing. The 2 10 spread widening, although it is still narrow. Nvidia the best performer in the h p former 500, vying wit ge. Provides trips to game makers. It is bouncing back after an incredible decline yesterday. Guy lets talk about the incredible week we have just had to pay a tumultuous is one way to describe it. Entare joined by ubs investm bank Global Markets strategist. We will correct that in a moment. The week we just had, what is your perspective . I think the bond market is not giving us a signal on u. S. Growth. The biggest question we have 2 10 inversion, is recession in the u. S. This is a global fear of liquidity trap, making a bigger comment on europe and china than it is of the u. S. The fact that the u. S. Is the highest nominal yields aaa asset is the reason
My eyes are all on the bond market, both the 10 year and 30 year perhaps approaching the record low. Im taking a look at Cathay Pacific shares. We had reports about the airport in hong kong, whether flights or canceled flights were canceled or not. Right now it looks like only check ins were canceled. Dollaryen continues to strengthen come of strongest yen has been in the last 18 months or so strengthen, the strongest yen has been in the last 18 months or so. David we are joined by bloombergs Marty Schenker and sarah ponczek. Lets start with argentina. A chart here shows the price of credit default swaps in argentina. You dont need to know calculus to know that is not a good thing. So why are people so nervous about mr. Macri going out of office . Marty because they are very protectionist, and everybody is heading for the exits. Taylor i spoke to damian who covers aerday, lot of the emerging markets, and asking him what gauge measures the risk the most. What in your area you are resear