Of china casting a dark cloud other its economic output. Industrial production, meanwhile, coming in weaker than expected and, oh, yes, china unexpectedly cutting rates by 15 basis points. All kind of negative headwinds. Now on the other hand, strong data guest canically not helping Investor Sentiment either. Retail sales rose more than expected showing that the consumer here in the u. S. , very resilient. But you know what thats codes for, yep, the feds could have to keep rates longer for high higher can higher for longer, rather. [laughter] Neel Kashkari saying today we are, quote, a long way from cutting rates. Oh, great. Those higher rates, however, certainly have proven burdensome to banks. Today Credit Ratings company fitch warning it may have to downgrade several u. S. Banks including jpmorgan, the big financials all moving lower on that warning as you can see. Morgan stan hi down 1. 33. Morgan stanley. Regional banks also seeing declines on worries over tighter regulation, toda
This is bloomberg daybreak europe. From here in the city of london. Vix, we need to talk about what happened in the u. S. Markets. What happened in the u. S. Markets yesterday and what kind of risk sentiment weve got around these markets as the u. S. Financial Services Industry returns from its Labor Day Holiday they return in a risk on mode. There was plenty to worry about, hurricanes, geopolitical threats, all that leading to the dow down as much as 278 points and the vix spiking by more than 20 . Concerns driven by about something to do with the trump administration. That doesnt mean where setting ourselves up for the day ahead. Guy lets look at some of the numbers focusing on this morning. We find ourselves in a picture where the dollar is down. The aussie is interesting. The market is set up with the expectation will get decent data out of the australian economy. We saw that confirmed with the rba story, then we get this weaker than expected gdp line. So the aussie down by. 2 . Th
Announcing a ban on jus deals with the cuban military. And staying with politics, the russia probe is headed for the white house. President trump lashed out at Deputy Attorney general Rod Rosenstein as he is knowledge for the first time that he is a focus of the investigation. And u. S. Markets close in two hours. Lets check on where stocks are not with julie hyman today, but abigail doolittle. Abigail it is a friday, and we do not have a lot happening for the major averages. That is typical for fridays in the summer. The dial is trying to beat itself and the positive the dow is trying to peek itself into the positive right now, but right now it is higher on the week and higher for a fourth week in a row. Nasdaq and s p 500 are both down, especially the nasdaq. Lets look at a sixday intraday chart of the nasdaq. This is last fridays big selloff, and a continuation of it into monday. A bit of bumping us and the more and some more of it today. The nasdaq is down 3 over six days, the wors
Announcing a ban on jus deals with the cuban military. And staying with politics, the russia probe is headed for the white house. President trump lashed out at Deputy Attorney general Rod Rosenstein as he is knowledge for the first time that he is a focus of the investigation. And u. S. Markets close in two hours. Lets check on where stocks are not with julie hyman today, but abigail doolittle. Abigail it is a friday, and we do not have a lot happening for the major averages. That is typical for fridays in the summer. The dial is trying to beat itself and the positive the dow is trying to peek itself into the positive right now, but right now it is higher on the week and higher for a fourth week in a row. Nasdaq and s p 500 are both down, especially the nasdaq. Lets look at a sixday intraday chart of the nasdaq. This is last fridays big selloff, and a continuation of it into monday. A bit of bumping us and the more and some more of it today. The nasdaq is down 3 over six days, the wors
Announcing a ban on jus deals with the cuban military. And staying with politics, the russia probe is headed for the white house. President trump lashed out at Deputy Attorney general Rod Rosenstein as he is knowledge for the first time that he is a focus of the investigation. And u. S. Markets close in two hours. Lets check on where stocks are not with julie hyman today, but abigail doolittle. Abigail it is a friday, and we do not have a lot happening for the major averages. That is typical for fridays in the summer. The dial is trying to beat itself and the positive the dow is trying to peek itself into the positive right now, but right now it is higher on the week and higher for a fourth week in a row. Nasdaq and s p 500 are both down, especially the nasdaq. Lets look at a sixday intraday chart of the nasdaq. This is last fridays big selloff, and a continuation of it into monday. A bit of bumping us and the more and some more of it today. The nasdaq is down 3 over six days, the wors