About one stock, the heaviest way hsbc extending gains friday, there we go, 77 to 65 maybe considering a move that moves them back one step closer to relocating their headquarters out of the u. K. According to speculation on shares closer to 80 hong kong dollars were pop. Still above water at last i checked, thats the june contract you are looking at open interest at 110,000 softer this morning against the euro, that is one of the exceptions really. Taking a look at the continued stalemate on friday, it didnt exactly go well. One market that i want to point out before i go worth a mention, taiwan, up seven 10 of 1 . Foreign money continues to pour into the country given the inflow out of the last 12 months, north of 13. 4 billion dollars the highest index, in fact, at one point this morning moving above 10,000. Should be a milestone. Very briefly we will be back below that. Leaving it there for now, a good day in the markets overall, back to you. Our top story remains the devastating e
As much as 140 points lower as the opening bell rings in an hour. The chinese said they have to impose these Counter Measures because of the trump trade war. And what theyre going to do is beginning september 1st and december 15th theyre going to impose a 5 tariff. If you remember those dates they pretty much mirror the dates President Trump has on the tariffs that are imposed on chinese imports on those 300 billion of chinese goods and that 10 tariff. So this is clearly yet another step, another escalation in this tit for tat tariff war. And whats interesting is the timing of this. This is happening on a day that kind of stole the show. Meaning whats happening in jackson, iowa, weve got a meeting of central bankers of the fed at this big conference where wall street is keeping its eyes on because it wants to get an idea about whether or not j. Powell, the head of the fed is going to go ahead and cuts rates again at the next meeting in september. And this comes on the backdrop, jim, of