Budget set to be outlined in parliament today. Tesla takes the trade war in its own hands. Suing the u. S. Government and Robert Lighthizer over the tariffs over imports from china. A warm welcome lets kick off the show with fresh numbers out of germany the Business Climate for the eve owe since september has come in a touch light. Current conditions 89. 2 for spent versus 89. 5. So just a touch light of expectations in terms of the expectations component, came in at 97. 7 versus forecast of 98. Slightly weaker but generally similar to what was expected the august numbers have also been revised we have the Expectations Index at 97. 2. These september figures and the forward looking part of this index has come in at 97. 7 for the month of september as business morale rises. This comes after data yesterday. The pmi flash for september showing that manufacturing in germany continuing to improve. Services contracted. Dropping below the 50 Mark Services trends in the economy we are going to
Transportation is available. Hundreds of americans sit shoulder to shoulder inside a military cargo plane. Refugees from the chaos on the caribbean island of st. Maarten. They were flown day and night by the Air National Guard after enduring the wrath of hurricane irma. Devastation as far as the eye can see. Some of the exhausted civilians managed to get shuteye on the flight. They were relieved to be back on u. S. Territory. Irma continues to cause chaos as the storm heads inland. And there was anger and frustration as authorities blocked the only road to the hard hit florida keys. I have water, i have food, i have dogs. And i cant get to my house. This should have been thought out. Right now we dont know where to go. Stretches of the highway were open today. As millions fled from the path of irma, many left behind frightened pets. Some were even left tethered to trees or porches. Dozens of pets were rescued during the storm. Pets that were left to fend for themselves. Now theyre here
Basically show that President Trump did not obstruct justice, did not demand that investigation should be ended against general flynn, as you remember, thats one of the things that robert mueller, the special prosecutor is looking at, whether trump somehow tried to impede the investigation, tell comey to drop the investigation. If you read his remarks, comey didnt really say. That he said trump told him he would like this to go away. The other interesting think which i think they feel vindicated about is the fact that trump himself is not under investigation. Trump has publicly said hes been told by comey on three separate occasions he is not under investigation in the russia probe investigating russian meddling in the 2016 election, whether Trump Administration people or people part of the trump Election Team were openly conspiring to rig the election, to put out negative stories about Hillary Clinton, his democratic opponent. What we understand is they feel vindicated that comeys tes
And im wilfred frost. Right to u. S. Market action, the u. S. Futures have taken a turn for the worse over the last hour as we are down. 50 . The s p is down by 8. 5 points. The nasdaq down by 22 points. The nasdaq was down last week, tech earnings disappointed and the other two indices flat not eking out any significant gains. Well have a look at the tenyear, this is the focus with the twoday fed meeting kicking off tomorrow. We have seen those yields climb a little bit over the last ten days or so. We are at 1. 87 closing in on 1. 9 having hit lows of 1. 7 a few weeks ago. Some of the weakness could be coming in from overseas. We just got word of the efo survey dropping in confidence in april taking a toll on the german dax underperforming down 1. 3 . But losses pretty much across the board right now with weakness in commodities playing into it. Also what happened in asia overnight. Stronger japanese yen defined the session. That hurt the nikkei down three quarters of a ent. Well get
The biggest gainer is the qqq, the nasdaq etf. China with an aggressive move allowing more flexibility. It is soars today, as you would imagine, up more than 4 . Bob, its a good rally, but were not quite getting back what we lost on friday right . But if youre not confused about the action the last couple days i dont think youre paying attention. We are down 280 points on friday. At one point today we were almost on the verge of getting it all back. Put up that twoday chart. Were basically almost back to where we were. Lets not quibble. The point is whats going on . Why is this happening . Ive asked many traders this morning how to explain the last two days. No alternatives to stocks bob. Theres no reason they should have been down on friday. Chinas going to stimulate other people are saying bob, its an illusion. No matter what its true i think mand,is right, china has been sending some mixed signals recently. By the same time on friday they came out and banned margin financing, theyre