Time now for the global exchange, where we bring you todays market moving news from around the world. Joining us in singapore is enda caringlynd hong kong, from hong kong, karen leigh from westminster, anna edwards. Trade talks with the u. S. Are expected to resume in early october. Enda curran has more. Da obviously a signal here that talks are going to go ahead. Weve been waiting for some kind of breakthrough, and now weve had a statement from the Commerce Ministry that there was a telephone call that included china vice premier liue h china vice permit or china vice premier liu he. Theres a little less committal on the chinese side, but there is still a healthy dose of skepticism required. A lot of economists say that these two sides have a long way to go before they reach any kind of meaningful deal. Duember, more tariffs are in october and december. We had some commentary from the global times today outlining that both sides are in a deadlock, and it is in both of their interests
The 10 year is that for 24. 48 so it had been up at 425 and now we are down about three basis points. Its a pretty high level and we are up at the kind of levels we havent seen since last year and before that since before the financial crisis. The u. S. Dollar index is off about 1. 5 points. With these very high yields, it draws people into the dollar but they have started to give up some of the gains we have seen in the last few weeks and nymex crude is back up to date dollar per barrel at 81. 40 one cents. Jon i am watching some of the Energy Starts trending higher with oil pushing back higher and one of the big things outside the macro headlines is been the Retail Sector with so many Earnings Reports. We are still seeing a mixed picture from that group. Youve got a name Like Ross Stores with guidance that was crowdpleasing so the shares are up about 5 now but then you got farfetched thats getting crushed, down more than 40 with struggles for the u. S. Business. Dont go to sleep beca
The statistics for californias wildfires tell their own story 22 major blazes being fought by thousands of firefighters. 2a people known to have died with more than 500 people missing. The states wine country, and much more, is being hit like never before, across an are larger than chicago. And there are worries the changing weather will bring new outbreaks. This report from peter bowes. Entire communities completely wiped out. In some areas, the Deadly Wildfires have left nothing but charred rubble and brick chimneys in their wake. Their destructive path sweeping through northern californias wine country and still burning out of control. This is what the firefighters are facing, one of more than 20 fires burning across several counties. Devastation on this scale has never been seen before in this region. More than 3,000 homes and businesses have been destroyed. Fire Officials Say theres more to come, with high winds and tinder dry vegetation expected to hamper efforts to quell the fla
Thoughts on apple and the hot investments that he missed. Its a merger monday. Comcast and charter, theyre not merging, dont worry. But they have an announcement. Kate spade and coach, yeah, they are. Plus other deals brewing. And france has decided what the new president means for the u. S. And the global economy. First up though, Warren Buffett sharing his latest views on investing this morning. This is what the oracle had to say to becky earlier this morning on squawk about stock valuations. The most important item over time in valuation is obviously Interest Rates. I mean, if Interest Rates are destined to be at very low levels, not necessarily as low as they are now, but very low compared to the 100 year averages or 50 year averages it makes in i stream of earnings from investments worth more money. Buffett said bonds is a terrible choice relative to stocks. Take a listen to that. Anybody that prefers bonds to stocks is making a big mistake. I have been saying that year after year
Faceoff what that means for you and the media landscape. A slamdunk edition of power lunch starts right now good afternoon, everybody. Welcome to power lunch. Im Tyler Mathisen stoc stocks trading in a narrow range. We could have our ninth Straight Record closing high. Boeing, apple, walmart, the biggest winners. Check out some of the other movers Rockwell Collins trading at an alltime high. Dom chew just reported a little bit about it de deere also at alltime highs and mylan going lower, hitting levels not seen in four years. I am Michelle Carusocabrera north korea vowing to teach the u. S. A severe lesson if they launch an attack against pyongyang. Security council vote was unanimous. A strong statement against north korea. New sanctions are in response to north koreas two intercontinental ballistic test in july. It could slash our 3 billion annual export revenue by a third. The intention which bans u. S. Members from banning coal, iron, iron ore and seafood are to force them to sit