Back. Notable we are hearing from President Trump that a phase i deal could be signed in chile in november, so youll have to wait isile until we get the dotted and ts crossed. Lets check in on a chart we have been looking at quite a bit over the last few weeks. This is the second half of 2019. The Third Quarter on july relatively flat. Gold in yellow, treasury futures in white, so actual bonds, and the nasdaq and s p 500 in blue and orange. Then the fed meeting, we see a bit of my divergence, gold and treasuries going sharply higher we see a bit of a divergence. In august, trade headlines really bringing investors out of risk assets into havens. A little bit of a stalemate in september. What i would like to point out, october started off on a down note for stocks, but now on the possibility of this trade deal, waiting for the details, we see that stocks are basically even now over this time period, and havens coming down. Gold having its worst week since february, treasuries its worse
It was up 517 point early in the session. Im melissa francis. Connell he always say happy friday. Im connell mcshane. Both s p 500 and dow ending up more than 1 . Look at apple. It is in record territory for the first time this year, 236. 21. President trumps meeting going on with chinas vice premier at oval office. Once that wraps, well bring any comment from that. Maybe additional comment from the president as he leaves the white house. Were all over it. Fox Business Team coverage. Deirdre bolton at the white house. Grady trimble on the ground in chicago. Deirdre, youre where all the action is. Reporter exciting here. Tons of correspondent running in and out as you can imagine. I want to highlight the question of vocabularily. We heard President Trump talk about a substantial phase one deal. Notice the world deal. A friend of mine who speaks mandarin, that the Chinese Press is transpiring what is transpiring here, as a pause, a pause in the trade war. Not necessarily a deal. So just
Developments. Reporter reporters are staged just outside the oval office now ready to go into the oval whenever the president invites them in for his discussion obviously a much anticipated moment at the white house. Do they have a deal . Do they not have a deal . Do they have something in between that might be an interim step along the way to a deal we dont know as we stand here right now. A lot of rumors swirling around washington and wall street but the chinese delegation is here, theyre in the oval office now. We expect to see the president at some point we just dont know exactly what theyre going to stay Stephen Mnuchin came to the Briefing Room a short time ago, i asked him for an update on the talks and whether or not its possible we get to the end of the day today without an announcement of any developments at all we declined to answer the question he said the talks so far have been productive and that time of the day they were going in to brief the president but no specific in
Overshadowed by allegations of sexual assault. The Prime Minister denies those allegations. The u. S. Ways place down turnt, but asian stocks lower. The king of ipos, ab invevs Budweiser Brewing unit surges on its first day of trading in hong kong. Breaking the trend of lackluster debuts party debuts. We are 30 minutes from the start of european trading. Take a look first off at the treasuries trade in my terminal. This is a threeday chart. A big spike as investors are selling the debt. The question is, what does that mean . Are we looking at more of a risk on session now . If you look at futures, there is still a very mixed picture in terms of what we see happening in german futures. They are up a little bit. Dax futures are down a little bit. Really not a lot of indication as to the direction we are going to see. Up for moreing Political Action today as the conservative conference. Anna absolutely. Let us remember this has been an event that has moved markets. We have Seen Movement i
, Gary Kaltbaum and well the president is firing off this tweet, china dropped the price of their currency to an almost historic low, its called currency manipulation. Are you listening, Federal Reserve . This is a major violation, which will greatly weaken china over time. Wall street not liking that tweet at all today, but how much of a beating could markets take . What do you think . Look, i think they can go lower. Look weve had a good year already. Markets were up in the 20s. They were due, and theres some issues out there that have to be addressed. I ask myself questions every day why is the 30 year bond germany trading negatively. Why . Aways the economy there is sink ing and if germany is sink ing europe is. Same with japan. I think Economic Growth is slowing down and the market sees it and what happened on thursday with the pivot from the president really donald trump trick and i must tell you the dow is down about 1,450 points since, apple is down 115 billion of wealth since,