Yield actually lower. Still seeing a bid in the long end, but nothing dramatic appeared to what you wouldve thought when headlines broke saturday. Lets get the update here. Time now for global exchange, where we bring you the market moving news from around the world. Joining us from riyadh is yousef , and Michael Mckee here in new york. We begin in saudi arabia, where aramco tells customers certain deliveries will be delayed, especially in october. Yusuf, give us the latest yousef, give us the latest. Yousef we are waiting for a Firm Response from the saudi government. The Foreign Ministry made it clear that they are going to treat this aggressively. They will defend the land, and we expect a press conference from the Energy Ministry as well to outline the day in a bit more detail the exact damage to the infrastructure. Bloomberg even understands a tour of some of that damage could be in the offing, but at the moment, saudi aramco scrambling a little bit to get those oil barrels to the
Numbers and while thats not exactly what we wanted, its what we need thats why stocks were able to rally on that news, the dow gaining 69 points higher most of the day and s p climbing. 09 and the nasdaq is tech heavy and does well when the economy is really slow dips 1. 7 . Why the heck are rerootiwe rootr weak data . Its about the macro ive never been a fan. Its a big picture when Interest Rates are much higher than the rest of the world and the world is reluctant to cut them. The macro matters and matters a lot. Thats why this disappointing payroll report is so important it gives jay powell more leeway to cut Interest Rates if he wants to powell is a traditionalest fed chief, for more than janet yellen thats why powell wants to be measured even though he was anything but measured with his rate hikes asemimet triric l and wrong. This is starting to hurt the economy. I lived through the 70s and understand the fear and if you dont stamp it out, it will wreck your economy this isnt the
Less than 2a hours after Kwasi Kwarteng insisted he was 100 safe in his job as chancellor he has gone sacked by liz truss after he flew back early from washington for crisis talks. 3 weeks of turmoil on the Financial Markets has culminated in the Prime Minister Announceing A Second Major u turn on her economic plans for Growth Corporation tax will now rise in april after all. She has sacked the chancellor and named a new one jeremy hunt the 4th this year. At a very short Press Conference this Afternoon Liz Truss was repeatedly asked about her credibility as Prime Minister and why she was remaining in the job. Lets take a listen to what she had to say. My my conviction to this country needs to go for growth and is rooted in my personal experience. I know what its like to grow up somewhere that isnt feeling the benefits of growth and i so what that meant and im not prepared to accept that for our country. I want a country where people can get good jobs and new businesses can set up in fa
Reporter it means future prosecutions would be left up to individual u. S. Attorneys to decide how to prioritize resources to crack down on pot possession, distribution and cultivation in states where its legal. Its business as usual as harborside dispensary in oakland. We sort of saw this coming. Im not really terribly concerned about it. Reporter the same goes for berkeley patients groups. We certainly intend to keep on with our operations. We are a state licensed locally supported fully compliant cannabis business. And we have the support of our local and state politicians. Reporter california politicians are expressing their disappointment. Part of the state from House Minority leader nancy pelosi reads reporter at Berkeley City Hall the mayor says its interesting that attorney general sessions believes strongly in states rights but is advancing policy to take away the rights of states when it comes to cannabis. This is always something thats been in the back of our minds since Pre
Leading to more big hits. And a halloween prank gone too far. Shou people in the park really face jail time . A good monday morning and we begin with a potential bombshell in the russia investigation. The first criminal charges are expected to be announced today. And this indictment is coming on a very busy week for the president. On wednesday House Republicans plan to release their version of the tax overhaul bill that hes been pushing. Friday the president kicks off a 12day trip to asia as tensions with north korea escalate, and hes promised to reveal his choice to lead the Federal Reserve before heading overseas. Abcs janai norman has the latest from washington. Janai. Reporter good morning, diane and kendis. The president still insists this investigation is nothing more than a political witchhunt. And now here we are almost a full year after the 2016 election and indictments and at least one arrest appear imminent. All eyes are on the nations capital. Americans anxious to learn the