This is mornings on 2. Good morning to you. Its thursday, august 22nd. Im claudine wong. Im dave clark. Did you know that steve is off i did notice. Did you know that kyla is here i noticed that. I dont look like steve. Not quite. No. Well. You know. Such a sweet guy. Is he. I hope he is having a lovely vacation. Im sure its warm. I know pam is enjoying the dayoff too. We are warm here. This morning. Very humid. 945 humidity right now in oakland. Look at the clouds that have rolled in and that is helping keep us warm this morning. You know usually you get a clearer sky and the heat of the day escapes. Whats happened here is these clouds have rolled in. We had such hot temperatures yesterday and keeping that heat from escaping. Thats why we are seeing some very impressive numbers already this morning in san jose, its 70 degrees at six in the morning. 62 San Francisco, we have his 60s in santa rosa and napa. Thing also get bet america to the after and we will see the temperatures. Its no
True chinese trade delegation will travel to washington in september to conduct the next round of face to face negotiations and its most recent statement on thursday china indicated that it might not move forward with the latest round of tariffs on the u. S. Instead stressing the need for the worlds 2 largest economies to the conflict the ministry of commerce spokesperson golfing said that china has ample means for. But thinks that the question should be discussed. Should be discussed now is about removing tariffs as it is not conducive to china or the us both china and the us seem to want to call a ceasefire after this year long trade war on monday trump conceded that trumps phone calls from china did not happen the way he said they did and that it was his attempt to project optimism to boost markets trump has been increasingly concerned about the markets inability to breach 3000 and is agitated the destroyed war with china is dragging on months longer than expected. Earlier this mont
Lower. G seng 8 10 of 1 to what we are going to get out of this Earnings Report coming out that we were alluding to. Composites recovering a little bit, a little bit flat. The aussie market is one of the few that is moving to the upside. Lets have a look at the majors here as well. Of the noises coming out white house as well. Larry kudlow saying the u. S. Would not intervene in the currency market. Donald trump saying im not so sure. That has a bit of uncertainty. Lets go back and look at policy decisions by the bank of japan. The yen depreciating a tad. Momentxit stands at the is causing further weakness for sterling. Possibility that bulgaria might join the euro zone. That is what we have at the moment. Get more from what is going on elsewhere and get to the first word news with su keenan. The u. K. Is deploying another warship to the gulf to escort commercial vessels. Alongsideerate another naval shift amid tensions with iran. The move comes as iran and european powers met to discu
Plus, verizons 5g focus. The ceo says 50 of consumers will have access to that technology and beyond meat is tumbling in the premarket, pricing a secondary at six times the ipo price and has new competition on the way. Stocks are looking to open higher after their worst day in two months yesterday the fed cuts rates by a quarter point, but the chair dampens expectations for more easing despite the selloff, the major indices still finished july in the green, their sixth positive month in seven, although were headed into the historically weakest two months of the year well, look, were making much too much of this mid cycle were going to forget what that means five days from now we wont be thinking about that. Well be thinking about it today until the market goes up then we say forget about it. He was in a spot hes in a spot because he has a president who cant fire him but would fire him, right . And send him down the elevator he wants to make it so that its not personal so he comes up wi
Overnight that washington could be delaying easing up restrictions on huawei as part of the trade war deepening tensions potentiallimentpotentially ment and we have the s p 500 and the dow coming off some highs yesterday. Overnight in asia, we had some interesting news out of japan. Theyre changing the way theyre buying maturities across the yield curve. We have the nikkei higher by 0. 4 we have red arrows on the hang seng and shanghai. New china data overnight that showed food prices surging 9 , largely in part due to a surge in vegetable and pork prices european equities, down arrows across the board the dax is down by 0. 9 . Treasury yields, this has been the focus all week, yesterday the intraday on the tenyear yield was 1. 793 we are seeing extraordinary moves on a daytoday basis. Getting close to the twoyear feeling it feeling it feeling it little resecessionary feeling i. We have one other piece of Corporate News to bring you. Uber shears undehears unde s uber shears undhares un