Panda, subprime mortgages, george w. Bush and todays bond market have in common . I will give you a few seconds. Let me know when you have an answer. Kung fu panda, subprime mortgages, george w. Bush, todays bond market. We are out of time. Actually, three of those four items i just mentioned occurred in summer of 2008. The last one is occurring right now. The bond market is doing something we have not seen since 2,008. The yield on on the 10 year note is back to what it was 15 summers ago when kung fu panda was number one movie in this country, george w. Bush was president of this country, and subprime mortgages were roiling the markets, the economy went beyond this country, the good old days. Maybe not. We all know how that worked out. For certain financial meltdown. Flash to today and made the melt up, talking about Interest Rates climbing as we speak about not showing any signs of petering out anytime soon, north of the 4. 3 the tenure rate is still climbing, so is the 30year and s
Foreign countries, you know. Adversaries, you know weve been talking about china, slipping, our treasury secretary psychedelic mushrooms it is about respect look how we pulled out of afghanistan it is shocking that that was an american moment. And there are too Many American moments that dont jive with what we as proud americans feel should be appropriate american moments, stand up strong. Lets be clear Chinese Communist party would have put that restaurant out of business if they if they were unaware that they served hallucinogenic mushrooms. A not randomly dinner. This is communist Party Official they would put restaurant out of business if they have been served something unaware of so in other words, ccp knew that there were mushrooms haded hallucinogenics in them. A crack up hallucinogenic delicious. We look 10 steps behind another example of that man we need somebody can take Initiative Leadership here we dont get it from president we dont get it from treasury dont get it anywhere
Sharply. Have buyers reached their limit on how much theyre willing to pay for a home but we begin with the market john, bottom line, were just off the lows for the day, down about 0. 9 for the s p and Dow Jones Industrial average weve been down 9 out of 11 days on the s p 500 if we close lower today. So that is very noticeable the dow industrials, being held up largely by defensive names. Some of the other sectors like banks and energy are on the weak side the nasdaq down there, 0. 8 . Were down about 5 off of the recent 52week highs of the nasdaq when you get more than 5 , the technicians start noticing tech has been an underperformer. The dow movers here, take a look the good news is Johnson Johnson holding up wells, defensive names merck, proctor and gamble holding up. Caterpillar has been weak, Energy Stocks coming off of their highs after a terrific run. Take a look. I think a key chart is the bank stock. Theyre starting to exhibit negative patterns, what we call head and shoulde
Moving lower. And republican president ial Candidates Campaign in iowa evover the weekend, but trump faces an indictment over his attempts to overturn the 2020 election loss in georgia good morning welcome to street signs. We have big down trades from asia today Chinese Markets in focus we are watching the hang seng down 1. 5 . Knikkei is down 1. 3 . Investors are focused on all of the commentary from the chinese Home Builders and the issues with the bank loan data for the month of july. Lets get to jason ong who is joining us with more color of what is happening with the overnight markets, jp. Reporter good morning. It wasnt the start of the trading in asia. We didnt have much to go on it was a lackluster handoff from wall street and catalyst and data release to chew on. It is a concern of the chinese Property Market which is keeping people risk off in the part of the world. No one is falling off a cliff. There are losses from the hang seng which will close in a couple of minutes. You
Week. You saw a lot of the market dip down. Ftse 100 was down. 40 by the close of the trading picture. For the week, the ftse 100 was down. 30 . The week to date, the dax losing around. 25 for the week. It was in record territory the previous week. That was managing to find a fifth positive week in a row. The cac 40 was up more than 1 week to date last week. That was its fourth positive week in five. The ftse mib gained 1. 4 . For the week, you managed to see gains for the stoxx 600 and some of the broader markets as well within the trading picture. As i said, for the ftse mib, it was the seventh week in a row finding positivity. The rest of the data was significant. We are moving into a week with earnings from adidas and vw will be looked at as well. All of that in focus this week and we are going into the uk wage data and gdp number which is interesting to see. The bank of england is looking for a firm er stance when it ca begin to cut rates. Cpi and ppi data is important. 4 down in