China promises a set of tariffs. Jay powell declining to signal more easy Monetary Policy. The yield curve inverting yet again. How will business respond . How will it impact the economy more importantly, what does it mean for the market and investors . And then a news making interview you cannot miss. Federal reserve vice chairman Richard Clarida from jackson hole we are covering the angles with the team of reporters as always. Elan, first to you on the china fears which appear to be trumping the fed speak today. Nice, sara. We are waiting to see if President Trump will make a statement on those latest trade tensions with china and the new 75 billion in retaliatory tariffs that were announced this morning. We know there was a meeting at the white house earlier today with mnuchin, kudlow, navarro and lighthizer and President Trump did tweet that he would issue a response this afternoon. He then went on to order American Companies to look for alternatives to china including bringing bus
President trump says talks with china have been good and xi jinping wants to do something. Alibaba beat the highest revenue estimates defying the slowdown with a june sales bonanza and robust demand. Lets get you a quick check of how markets closed that there is a session in the u. S. A very volatile session at 10 trading day. We saw the s p 500 fluctuating 12least 1 in the past sessions. It did manage to end the session higher by. 25 , this coming as we saw quite strong earnings reports from walmart helping investor sentiment. That also being helped by the fact that we got some strong economic data. U. S. Retail sales jumping the most in four months for a fifth consecutive session, consecutive months of gains. Still, there was not enough for the treasury rally to subside. Take a look at treasuries because that rally resumed. We saw the 30year yield now breaking below 2 for the First Time Ever. The 10year yield also at one point falling below 1. 5 , now at a threeyear low. Treasuries f
Street. Investors were encouraged by the white house announcemen that it would delay planned tariffs on some chinese goods. The decisiond hopes that the trade talks between the two economic superpowersould be revived. As one strategist said, the stock market reactions more proof that the trade war has been hanging over this market, and at least for today that liftewas the Dow Jones Industrial average rose 372 points to 26,279, pretty much wiping out yesterdays lossq. The nasas up 152 and the s p 500 added 42. Kayla tausche has the details on todays cooling of tensions. Reporter after days of no news and increasing investor worry on the trade front, tensions thawed with a phone call between u. S. And chinese negotiating principles, which china state tv came at washingtons invitation. Both treasury and usdr declined to comment on whether in negotiations were confirmed, but the two sides are expected to speak by phone again in two weeks justefore a september 1st tariff deadline. In the me
And debates about what we really want. The other thing i would comment on is what is interesting to announcer we will leave this event on economic threats. You can watch our programs online at cspan. Org. We take you live now to the National Economist club in washington, d. C. President of the Federal Reserve bank will be delivering remarks on Monetary Policy on the economy. You are watching live coverage here on cspan. One of our two major events of the year, our summer signature program. I need to thank two friends, two sponsors who have made todays great event worthwhile. First of all, my friends at and forum. In forum is a research and consulting probe affirmed that has been open for 52 years. Greatry much embodies the tradition of innovative Economic Research at the university of maryland. Secondly, our friends at the National Association of realtors. Since 1908, they have been the voice of Real Estate Community in washington and have provided invaluable economic data, research, a
Some disruption to play across headingley but across england, skies like these, pretty grey and threatening, some patches of rain coming through from time to time. Today, an awkward focus. In wales, a little rain which will weaken with time. Across Northern England and Northern Ireland, a wiggling waving weather front that will continue to threaten pulses of rain. Quite a wet afternoon for Northern Ireland and north west england and some of the rain from time to time will continue to push across the pennines. We could see some featherlight patches of rain affected play at headingley from time to time but there will be some play. The best of the weather in the south east, where we will see the highest temperatures, up to 25 celsius later today. Overnight, the highest temperatures, up to 25 celsius latertoday. Overnight, more convincingly the rain will move from Northern England to scotland, where it could be heavy at times across western areas. Otherwise, a dry night and milder night, t