Investors to take risk even with the pullback, dow slipping 130 points and nasdaq losing. 27 and what a week. We almost went to war and then we didnt go to war. We almost didnt get a trade deal and it is coming next wednesday. And then this morning we were worried the Labor Department report might come into too hot and they might mouth off about inflation and a bunch of governors speaking next week and that could have gotten ugly and how about a goldilocks job number, one that was not too hot, not too cold. You get that ive got to tell you, we created good jobs but we had sub 3 wage gain so the the feds should not be worried it could have been a lot worse since some of the shortfall related to a companys specific problems at boeing that just said the former ceo is not going to get severance the labor report was one reason to buy stocks and that is what happened this morning for even the most raging bulls either ran out of capital and got bored of buying the same old stuff or nothing ne
Reporter yeah, deirdre this could be the biggest trade agreement of alltime, possibly. We have to look at the numbers here. The u. S. Touting some real structural changes in china, saying also that this agreement will be signed on paper and signed the first week of january now the chinese are saying this covers some very big items, really big sections, including protecting intellectual property , increasing those protections, those deals of the force transfer of property, ending that, opening Market Access for Financial Services firms, and china agrees to stop manipulating its currency. The president also says chinas agreed to buy a lot more agriculture from the u. S. But would not put that number in writing. President trump i think they will hit 50 billion in agriculture, much more because its also manufacturing and other but i think in agriculture they will hit 50 billion. They were already buying, even before the deal is signed, theyre buying. Reporter and as Senior Administration o
Tonight, thats mike khouw. Hes delivering a way to box up the shipper ahead of earnings next week. Its time to risk less and make more options action starts now. And welcome, everybody lets get the show on the road the countdown to the fed decision next week there is the countdown, 4 days 20 hours, 28 minutes and 38 seconds. Investors want to see if they cut Interest Rates the second time this year as ongoing trade tensions and concerns about economic slowdowns stoke fears of a potential recession this is bond yield, see a bit of a boost this past week with the 10year touching its highest level since july but our chart master carter worth says there could be a rate cut on the horizon he is at the plasma to break it down carter. As is so often the case, markets are ahead of the government both at the stock level and the bond level and rates have moved up in anticipation of things and presumptively maybe already priced in a certain amount of what might be coming here is the yield chart.
Showed that chinas trade exports contracted for the month of august largely because entirely because of the trade war with china and the United States well hear more about that from eunice yoon in a moment. Look at whats happening with the european markets that are open and actively trading a in the point. Right now most of these markets are in the green ftse is the exception down by a quarter of a percentage point. Also f you check out the treasury market here in the United States, youll see the yields that we have been watching oh so closely as we get ready for fed next week and ecb this year, ten year under 1. 6 , 30 at 2. 07 . Some news out this morning saudi arabia now confirming it has removed its Energy Minister from the position over the weekend replacing him with the kings son and that move breaking with long time tradition and convention that members of the royal family are not appointed to that position and comes just days after al falih was removed from his role after chair
Dan nathan pairs that with some other high points to work on to play plus the fedex guy. Tonight, thats mike khouw. He delivers a way to box up the shipper ahead of earnings next week its time to risk less and make more options action starts now. And welcome everybody. Lets get the show on the road the countdown to the fed decision next week there is the countdown, 4 days 20 hours, 28 minutes and 30 seconds. Investors want to see if they cut Interest Rates the second time this year as ongoing trade tensions and concerns about economic slowdowns stoke fears of a potential recession this as bond yields see a bit of a boost this past week with the 10year touch the highest level since july but the chart master carter wroth says there could be a rate route on the horizon he is at the plasma to break it down carter. As is so often the case, markets are ahead of the government both at the stock level and the bond level and rates have moved up in anticipation of things and presumptively maybe