Stock market as well the nikkei was up about 1 the hang seng up about a quarter. In europe, some active trading, you are going to see some red there. Dax is down. Cac off by. 6 the yields there have come under pressure it looked like they were a little weaker as well. Just above that. The 10year at 1. 53 the two year at 1. 444. China conflict escalating the u. S. Adding more companies to the black list and china scrapping the nba preseason games. Eunice yoon joins us with the latest it is not going to a very good place the financial fall out just continues for a second day tencent said it is suspending broadcast of the games for now, these are preseason games. This came a couple hours after the state broadcaster, cctv which has a very long relationship says it will halt all preseason games as well. In their statement, the cctv said we are strongly dissatisfied with the commissioners defense for the Houston Rockets tweet supporting the hong kong protesters saying we believe any speech t
It really is a mixed picture here the dow is up 49 points, so well off the highs of the session the s p is down fractionally right now, but keep in mind, we are still in striking distance of a potential record close. So the next hour is going to be one to watch closely joining us for that hour is Michelle Mckinnon from Payne Capital management here at post 9. Welcome. Thank you what do you think of this market here . Were poised for gains for the week for all the major averages, but the russell 2000 and the transportation average are both up 5 , week to date. And so are the banks, like you mentioned. What im really looking at is the bond market. We started the tenyear treasury at 1. 55 for the week and now were up to 1. 88 and the longterm treasury are down 5 for the week thats basically two years worth of coupon that you lost. Wow do you think thats going to speak bond holders, that it could go worse than that or not . You know, i absolutely think rates look like theyre going higher h