Phase one trade deal, there will still be challenges between the United States and china, even after that trade deal is complete. Maria mr. Secretary, we thank you for your time today. Of course, we are always giving you best wishes on your trip. Thank you so much. So long. Maria secretary of state mike pompeo. Over to stuart varney. Stuart good morning, mr. Secretary. Good morning, maria. Good morning, everyone. The debate. All right. My opinion. No clearcut winner, but senator warren emerged as the clearcut leader. She was attacked from all sides. They went after her because shes out front. Joe biden asked about his sons Business Activities said only that neither he nor hunter had done anything wrong. Bernie sanders came on strong after his heart attack. Yes, he did. Mayor pete and Amy Klobuchar asked warren pointed questions on paying for medicare for all, but did not get a straight answer. Tulsi gabbard was the lone voice suggesting democrats be careful with their impeachment drive
Accommodative policy and more from that interview with Christine Lagarde stepping down from the imf taking the top job of the ecb president in november take a listen to her view of the u. S. Economy right now its the longest period of growth in our country. The unemployment numbers are at rock bottom. Its in a very good place. Her thoughts on trade, china, and the likelihood of a global recession all coming up. First, mark tepper, ceo of Strategic Wealth partners, welcome back youve been surprised, impressed at the resilience of the market during september, which is not seasonally a very strong month september a usually a very sleepy month historically. Its down somewhere between half a percent and a percent, but so far this month, were up about 2 , so thats pretty good. I feel like were in a tina situation, where theres really no better laplace to invest your monday yields have come down on bonds its really not interesting to invest in the euro zone. Tina, there isno alternative. Ther
Protesters in hong kong one help from President Trump. Thousands of them marched peacefully to the u. S. Consulate today to appeal for the president s assistance. New figures are showing the demonstrations impact on the economy. A number of visitors to hong kong plunged almost 40 last month. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york, 6 00 in london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Speaker of the house john bercow stands down by october 31. He has been an important figure in steering the process. We have a roundup of the latest news. New management, same strategy. The new Saudi Oil Minister promises no change to oil policy as the kingdom makes a step toward its ipo
War with china i would love to tell you it doesnt matter for the stock market when a clueless day with the dow gaining 38 points and. 30 and nasdaq. We care about the future, not the past, the fact that the Federal Reserve is set to lower Interest Rates because of the slowdown is huge we get enough hints in the feds Statement Today that the next rate for moves is down and when its down what do you want to do lower stocks the rates translate into a better economy and borrowing is cheaper and more money flows into the system via credit and commerce picks up. At the same time short term is just as attractive and earnings are boosted and highdividend earning stocks are more valuable so welcome to the rate cut cycle here we go ive been through this so many times, i have my own playbook. History says you should buy, buy, buy we could get a rate cut as soon as july. Well get a rate cut i thought there would be a rate hike in july four months ago when the president was thinking things the fed
Well reveal the company and speak with the ceo and an interesting three buys and a build gina sanchez is buying the u. S. Consumer and selling the chinese one. But first, to the inflation reading. Im still raising my eyebrows. And mike santoli is here to explain. A big part of the story is the bond yields. Yesterday, we had a failed rally on a benign cp ireport today, a telloff on a slightly hotter than expected ppi this really has been chopping around as the seasonals get a little more challenging coming into august. If you look at where it sits in a oneyear term, that pullback did get us right to the precipice of that 50day average. 4443 was the intraday low. This morning in the s p, why did that matter, if at all take it back, and ill tell you on july 11, the high for the day was 4443 what happened the next day really nice cp ireport, reported july 12. The market popped from there we filled it this morning. People think this matters, but it matters on a macro basis, because july 12,