Move by the indian policymakers suggest that they saw a weakening in Economic Indicators that call for such a bold action as indian growth reached at 6 year low tax cuts added to a list of stimulus actions for 21000. 00 that already includes 4 Interest Rate cuts by the reserve bank of india. Meanwhile Prime Minister Narendra Modi of india is headed to the United States for a weeklong visit that will include an appearance with u. S. President donald trump mr modi will address more than 50000. 00 Indian Americans at an event in our in our g. Studio in Houston Texas the events named modi will also be attended by President Trump as a gesture to cement the relationship between the 2 countries during the trip to the u. S. The 2 World Leaders hope to ease trade tensions between their large economies earlier this year the u. S. Had removed certain trade privileges afforded to india saying the country had not properly opened their markets to u. S. Goods the u. S. Hopes india will be. In electro
Company in the whole world that went through this devastating attack and came out like a phoenix from the ashes none by saudi arabia luxury at a tipping point. Ubs down grades. Airbus brushes aside concerns to raise the forecast for the next 20 years. Well speak to play makers chief commercial officer at 12 45 cet. Good morning and welcome to street signs. Big day today. All eyes are on the feds the market is anticipating a 25 basis point cut. It is about the language that will come out of the committee remember the term midcycle adjustment didnt go down well last time. Well see how the language has developed. Well be looking for potential decenters. Watch out for that too also, i want to point your attention to activity that has been going on in the very short term of the Interest Rate market a bit of volatility there which has caused the fed to cause some liquidity overnight. A lot to look out for. This is the picture for u. S. Yields twoyear note traiting at 170. A full cut almost b
Maria big show this morning, joining the conversation Dagen Mcdowell, chief Market Strategist art hogan and president ial candidate arkansas governor Mike Huckabee. Good morning. A lot to talk about this morning especially on day 2 of Federal Reserve meeting, Delta Airlines coming. Ed is here, chairman and ceo of the black stone group, Steve Schwartzman talking about his book. Oklahoma senator James Lankford also joining us this morning, dont miss a moment of it, we have a big 3 hours, top story this hour is oil, once again dropping this morning on news that saudi arabia will restore normal output and production levels by the end of the month as secretary mike pompeo meets with saudi arabia king prince salman to twin attacks on saudi oil facilities, iran is denying any involvement in saturdays strike with president Hassan Rouhani blaming u. S. For disruption in the region. Its not exactly going well for them. I think this was their attempt to break out and sort of find way to put press
After delaying its ipo and new details on facebooks newest project to develop augmented reality smart glasses. Worldwide exchange starts right now. Good morning, im Courtney Reagan in for Brian Sullivan this morning shares of fedex crumbling. The company missing on earnings and lowering guidance. Much more on that stock coming up you can see shares down more than 11 in the early going. Here is how your money and Global Markets are setting up their day. Stock futures are indicating a slightly lower average dow jones lower by 34 points s p by 4 and nasdaq by 10. 5. It is fed day. That is really the focus not just in the u. S. But around the world. Looking at the bond market we continue to watch closely the different between the 10year yield and the twoyear yield the two year is 1. 711 and the 10year at 1. 77. In japan, stocks closing slightly lower so nikkei down the hang seng as well. The composite is up by about a quarter. Everyone waiting to see what will happen when we hear from the
Some are saying it is a series of management missteps catching up to fedex right now. Guy i think the fact that the president is going down the sanctions route rather than taking a route which could become a little more connected is probably why we are seeing oil come off a little bit. Doesnt mean saudi wont go down that route, but brent crude, as youve indicated, well markets are lower. We are down by 0. 8 . A reversal when it comes up to the market from a sector point of view. We are just waiting for the fomc. We are barely budging. Eurodollar just a little lower. Will today be dollar positive or negative . Saying, it iswere Federal Reserve decision today. The committee is expected to cut rates 25 points. Carl riccadonna is with us now. Will be first question to the fed chair today be about repo markets . Carl i think theres a good chance of that. I dont think we should look for anything on the repo facility or what they are doing to try to contain the situation in the official meeti