First, todays show is brought to you by the letter b thats because bond yields, bullion, big cap tech. Fed chair Jerome Powell gears up for a high stakes speech from jackson hole summit. With bullion up, big tech up, what is up with the market as we gear up for powell, guy . I like to hear you say bullion. I feel like im going to have soup or go back to doing what i used to do back in the day its wonderful you can do an entire show saying that word. Whats up . Risk assets are continuing to go higher based on we talked about this a couple days ago, the fact they said they will be a historic speech for the fed in the way they view inflation, the way they measure inflation and thats why the market took off and i think thats why you saw it probably move today into that speech the things you didnt mention and forget it but they didnt rhyme with b or start with b the russell was down today and the vix closed north of 23 those are two very interesting things to take into consideration along w
Points at the lows, the nasdaq nearly dropping back into correction territory after hitting an alltime high just last week. Tesla down more than 34 from its alltime high hit last wednesday. Apple down 18 , microsoft and alphabet too seeing some major losses when does the pain stop, guy obviously ive been pretty skeptical the entire move higher or most of the move higher something sort of struck me last week, i think it was wednesday when you had those headlines from the cdc putting on notice people from the 50 states to get ready for the vaccine and the market had that huge rally to the upside what caught me by surprise was the fact that the volatility index didnt buy it. That was the tell. I think it continues to be the tell to answer your question, i think youre going to see the bottom on a day where the market has a big move to the downside coupled with the day the vix actually moves lower as well. We didnt see it today the one thing that really struck me as upsetting today or somew
Rise chip makers rally as apple asks suppliers to ramp up chip production cnbc learns bytedance has chosen the u. S. Bidders. A report beijing may need to approve any deal a very warm welcome to street signs. We have been digesting fresh manufacturing pmis this morning. We have heard on individual country basis already. We are awaiting the eurozone number you can see the euro has been holding firm it has been a little bit of a mixed picture with france and spain slipping into contraction. Germany and italy have held firm above the 50 mark. Based on indicators, investors were expecting a little bit of t final manufacturing pmi in line. The mix of Different Countries coming together that means the overall region has come in line with expectations. Not just europe but we got chinese data overnight and has expanded in the fastest rate in almost a decade. Thanks to a rebound. The survey came in at 53. 1 in august the fourth consecutive positive month. Ill give you a check on Chinese Markets
Thanks very much on joining me here on to the point coming to you from berlin and my guests here in the studio are kirsten vest far from the German Institute for international and Security Affairs who says north stream 2 has serious political implications but the Collateral Damage of u. S. Sanctions is far reaching also with us is michelles 2 month Foreign Policy experts with the berlin based we do need to cite he argues that europes quarrel on nordstrom too is the biggest failure in german Foreign Policy in more than a decade and a woman eric rohmer author and journalist who writes for the Los Angeles Times and eric believes that the u. S. And many other countries have long warned germany about the pair. No string to those warnings were however big no. Thank you very once again for being here in berlin today with me because then i would like to begin with you as an Energy Expert to tell us what makes north stream to so important and so very controversial. I thought i would say the pol
Are going to do everything we can to protect it. Getting word, another wild fire is burning nearby . Thats right, the gamble fire is off of knoxville road west of berks somewhere around 375 acres right now as of 1 00 this afternoon. It has 0 containment so a couple of different hotspots burning from the Lightning Storm here in napa county this afternoon. The trouble can be traced back to this ind yon see the ou clouds in this timelapse. Lets get to paul heggen tracking these Lightning Storms as well as this extreme heat. Paul . The fire crews are going to be battling over the next several days as a continuation of the heat wave even as the Stormy Weather pattern quiets down. These heat indices are the feels like temperature, the equivalent to the wind chill. Its officially 89, the feels like tempter in napa itself north the purple shading indicates plenty of heat indices around or above 100 degrees. Tomorrow is going to be another day of extreme heat. Temperatures from 12 to 17 degrees