You are watching cnbc. Welcome to the show live at cnbc global headquarters. Lets get right to how your money and markets are setting your day up. Stock futures pointing to positivity at the opening bell if these futures hold. S p up by about 15 and nasdaq up by about 81. S p down about 485 points yesterday. Some are selling the safety of bonds. Twoyear just below. 20 and 10year. 65 checking the price of oil. You can see slight positivity. Wti crude back above 20 a barrel crude up a similar amount. This is as a new report that suggests Trump Administration is weighing a plan to pay u. S. Drillers to keep oil in the ground amid that big back stock there is going to matt in singapore a mostly weaker session for the asia markets investors waiting to see the jobless claims weve got a fairly large piece of Economic Data here in the form of chinas q1 gdp china market did manage to hold up with a very small gain. The shanghai composite holding with a third of one percent. Holding on to hear t
To repair and could it be a september to remember. Trying to brush off its reputation as one of the worst months of the year for stocks. It is monday, september 23rd and Worldwide Exchange begins right now. Good morning, good afternoon or good evening and welcome from wherever in the world that you may be watching. Wherever it may be, good morning, im brian sullivan. Here is how your money and your Global Markets are setting up their day and their week futures now down 99 points right now. Little red on the screen this morning. Coming into today the s p 500 has been up three sessions in a row. Right now, looking like its not going to make it 4 but a long way to go. In the credit markets, things have cooled off just a bit well talk about that in a second benchmark ten year treasury market 1. 86 after all those wild moves, things have cooled off just a bit in the last week. There are no Major Economic data points or policy speeches today. Around the world in asia, japan was closed for a
Brian sullivan is reporting live for us from hong kong today. He will join us in a few moments. Behind me you can see the dows action from yesterday shedding more than 800 points for its fourth worst point drop on record, closing down by 3 or so after yesterdays historic move, here is how your money and the Global Markets are setting their day up today stock futures indicating the dow will open higher some stability brought to the markets. Interest rates are a huge part of that market story the dow jones up by 136 points we lost 0800 yesterday. Yesterday we saw the socalled inversion of the yield curve the twoyear treasury note and the tenyear treasury note yields, this means shortterm bond rates are now paying more than longterm bonds, historically this is considered a possible recession warning sign and new overnight, the yield on the 30year treasury, the long bond in the United States, dropped below 2 for the first time ever. You can see right now currently 2. 016 that move lower, a
Billion of e. U. Products. Hong kong protest take a violent turn. The government commends vandalism. News out ofing south korea. We are getting Consumer Prices for the month of june year on 0. 7 . Ricing this is as much as it rose back in the month of may but also slightly disappointing yeartations of a 0. 8 rise on year. Month on month, it contracted zero point 2 , which is a bigger contraction as expected for the month of june. We have seen a lot of pressure for Consumer Prices. We are talking about lower oil prices. Brent crude prices down 20 on average in the month of june compared to one year earlier. Not to mention the domestic demand in south korea is pretty weak at the moment. The bank of koreas signal we will probably miss the forecast of 1. 1 inflation in 2019. Pretty far away from the 2 inflation target for the bank of korea. We can see proof that inflation and theions are low inflationary pressures are low. Gaining onlyr cpi 0. 7 , missing expectations. s ctia gaining only
Help. The former us president hide secret documents from the beyond. The we begin in is uh, a miniature root is who sees power last week of a choose front of planning an attack on the president ial palace to free to post president mohammed by zoom from, says condemn the cause of but its not announced any intention to intervene the coming to share it follows monitor takeovers and neighboring molly and bettina fast. So in the past 2 years, theyve been accompanied by weight of anger against the former colonial power friends. On a shift towards russia. Address has the latest from a boucher in neighboring nigeria, a new just military rulers say there was a meeting between members of the by some government and some elements within the military about possible involvement of the french to launch a military attack in this, in the country these battalions, according to them, include the Ministry High command, as well as the president ial policy, with the aim of freedom. President mohammed by zoo