It was a big rally yesterday gave back many of the gains late in the session the dow did end up more than 100 points by the end of the session. Overnight in asia, a bit more muted today after the big gains yesterday in the markets the hang seng opening after being closed on monday for a holiday. Its the stock market trying to do some catch up it was up by 1. 2 . Shanghai was flat. Nikkei was up by a tenth of a percent. In europe, some early trading taking place a bit of a mixed picture there. Ftse up by a half percent. Modest declines for the cac and the dax. Stocks are higher in italy and weaker in spain. In the United States, if youre watching the threreasury market the tenyear is yielding 0. 15 lets talk trade President Trump saying trade talks have begun following his meeting with president xi jinping at the g20 speaking at the oval office yesterday, the president said the renewed talks are being held by phone any trade deals will have to lean in the u. S. s favor obserit has to be
Here now and now we have a standoff so its going to be interesting to see how the u. S. Response and how the u. S. Population responds or if theyre staring at the moon or staring at the finger or giving the moon the finger you know thats interesting to see how the u. S. Response you know the u. S. Is a plucky group of rugged individualists that have come through tough times before and will see what resources can be pulled one of us through it well we have pulled through other stuff in the past and crazy periods in civil war isnt and mass of the salem witch trials and we you know the mccarthy era and it seems a little bit like that right now that there is hysteria in the elite class because they dont know how to deal with whats going on in the world in the meantime the u. S. Dollar serves as the worlds reserve currency and is used for pricing in trade by a majority of nations around the globe however americans have decided to weaponized. Dollar gave stated making any transactions betwee
Session. Its been a flight to safety defensive sectors including real estate and utilities are leading the market, and gold is higher and rates moving lower rates falling below 2 once again. Thanks. We begin with optimism on trade talks with china President Trumps trade adviser Peter Navarro on cnbc earlier said were headed in the right direction as the u. S. Plans more tariffs on europe in the meanwhile. Peter navarro is the white houses fire brand on china, so it was notable this morning after attending that u. S. china meeting that produced the weekends truce, he said its all good were reengaged. Were talking on the phone already. Probably be visits its all good. I think it was a pause that was necessary at the time, but this is very bullish for the markets. Lower uncertainty in terms of the whole thing. Were headed in a very good direction. Next up is figuring out how to slice up huawei along National Security lines. The white house and the Commerce Department are today hosting a m
They dont know how to deal with whats going on in the world in the meantime the u. S. Dollar serves as the worlds reserve currency and is used for pricing in trade by a majority of nations around the globe however americans have decided to weaponize the dollar gave stated making any transactions between 2 nations susceptible to u. S. Action or scrutiny this is a big loss of sovereignty for other nations he said and chinas taking the lead in forming an alternative trading currency to the dollar weve talked to Alison Mccleod here and i think that hes right that it doesnt matter about the currency this guy charles gave actually looks set for example that you know that chinas trying to price the oil and remember and that is not what matters what matters is settlement of the trade where the settlement to the trade happens and as brad sherman a congressman from los angeles points out is that the all trade settles to the new york fed and that is important it doesnt matter what currency it is.
Dollar has been weaponized and china is really playing the long game by accumulating gold by creating their own futures markets by prepping for this and a very quiet way this is an interesting historical moment for the rise of china is here now and now we have a standoff so its going to be interesting to see how the u. S. Response and how the u. S. Population responds or if theyre staring at the moon or staring at the finger or giving the moon the finger you know thats interesting to see how the u. S. Response you know the u. S. Is a plucky group of rugged individualists that have come through tough times before and will see what resources can be pull. Us through it well we have pulled through other stuff in the past and crazy periods and civil wars and and mass the salem witch trials and we you know the mccarthy era and it seems a little bit like that right now that there is history. Area in the elite class because they dont know how to deal with whats going on in the world in the mea