Chinas leaders meet to draft their next fiveyear economic plan and the virus recovery. We are live in beijing. Adi terry warning warning from the World Health Organization. We are in a dangerous place. We are not going to control the virus. Are we perfectly positioned for risk . I take you to the changing risk in the polls. And thethe bond market polls. A blue sweep from a 62 probability to 51 probability in a month. It is a curve. Overextended to the upside. These are the markets this morning with the risk from the white house. We are not going to control the pandemic. There are lockdowns in spain. Are you pricing equity market risk appropriately . Markets are trading what they see, not on what they hope. Goldman sachs say you will have to reach for risk. Stocks could outperform the credit markets into 2021. I take you into the response mechanism on the australian dollar, a high beta trade. There, the rba could strike next week with lower rates. You just shredded the cost of hedging a
Lifeline. We will hear from the Morgan Stanley ceo on the big 13 billion acquisition of e trade. Paul. Paul thanks, emily. Lets check on how futures are looking in asia. Looking like a much quieter day than yesterday. Sydney futures looking fairly flat right now. U. K. Futures looking weaker by 0. 4 . A bit of a move down in costly futures. We saw u. S. Markets ending modestly low. Concerns about earnings downgrade. More on that later. New zealand also trading right now. Currently flat. Emily thanks. Lets get a check of where the u. S. Markets closed today. Taylor riggs is in the newsroom. What were the highlights . Taylor sort of a risk off day. Really 500 Big Companies leading the losses. Bonds rallying five basis points after the crucial 1. 51, and the yield curve is inverted by the most since october, six basis points. Take a look at the chart in my terminal that put the selloff into perspective. The chip performance relative to s p 500 performance is still near an 18 year high. On
Impeached after the house approves the charges against him. They have nothing they are the ones that should be impeached, every one of them sweden Central Banks hikes rates to 5 putting an end to five years of policy despite a slow down. The bank of england is expected to stand pat as the queen prepares to layout the government agenda for the second time at the state opening of parliament and a 1 billion pay out to Share Holders as the swiss chemical maker sells the unit for more than expected good morning and welcome to the show our top story today. Donald trump has become the third u. S. President to be impeached. The house passed two articles against him with votes falling largely along the party lines. Charged with abuse of pour and obstruction of congress, President Trump is expected to face a senate trial early next year but not before leaders square off to set the terms of the proceedings. Tonight, donald j. Trump becoming the third american president to be impeached. Article on
Good evening i welcome this is r. T. International. The afghan president has declared his country is ready to face off against the taliban after donald trump pulled the plug on peace talks with the group it had been hoped that they would bring americas longest war to an end he blamed the groups recent attack on karbala in which an american soldier was killed the taliban scrapping the talks will result in more u. S. Losses. They admitted to an attack in kabul that killed one of our great great soldiers and 11 other people if they cannot agree to a ceasefire during these very important peace talks then they probably dont have the power to negotiate a meaningful agreement anyway the us president called off the peace dialogue this will lead to more losses to the u. S. His credibility will be affected his anti peace stance will be exposed to the world losses to lives in assets will increase. The president s handling of talks with the taliban which could have ended americas 18 years of milit
Is a fitting continuation of what we had in august. Take a look at this chart going back to the fed meeting. That kicked off this downside volatility. Tons of headline risk, but up and down, it tells you that nobody knows. A lot of uncertainty. A real battle between the bulls and the bears. It moves upr or not to alltime highs or back toward last years lows. And is a longerterm chart it may speak more to the range starting in 2018. It is pretty useful. We are looking at volatility on stocks. In yellow, currency volatility and in blue, bond volatility. If you look at starbucks year to date through yesterday, the coffee chain was up 50 . One of the top 50 stocks in the s p 500. Today, you mentioned volatility. Just a bit of a roadblock. There you can see, down 7 10 of a percent, but nowhere close to where it was earlier today. Starbucks had fallen more than 3. 5 at the low point. This was after an investor presentation, executives at starbucks did tell investors that the 10 plus percent