Socalled macrow and listen to individual companies on a day the dow slid, s p lost. 79 and nasdaq shed 6. 8 because treasury yields cantonu to sink and the president terrified the market you dont know the term terrified . You better get used to it. Others were focused on tariffied, i was focus on home depot because when im trying to take the pulse, home depot gives me a better read from the bond market or any talking people on tv home depot has all sorts of insights you cant get from staring at the yield curve and right now the spot says the consumer all systems go. After list piening to the blockbuster earnings, idea were heading to a recession, according to home depot, things are getting stronger, not weaker but there are issues why should you trust home depot . Two words. Car carol, the longtime chief financial person who is retiring after 24 years at the company. It was her last conference call. Money. We spend a huge amount of time interviewing officials going and Hedge Fund Manag
Green arrows across the board in europe the dax is up by 0. 3 . The cac adding 1 . The focus again today, because yesterday it was the fuel for that whipsaw action, treasury yields, 1. 727, much firmer than what we saw yesterday. We saw a low of 1. 595 we had record lows across the yield curve. Thats worth noting. A lot of strategists saying we could test 1. 35. Beijings central bank setting the official reference rate for theyuan to the weakes level in a decade. Eunice yoon has more on the midpoint number that traders are watching they do it now at 9 00 p. M have to watch all the time eunice its worth it its worth it to stay up that late the central bank set the midpoint fix weaker than 7, but it was actually stronger than what a lot of analysts were expecting. So because of that traders were taking that as yet another sign that the government here wants to pull the reins back on the chinese currency there was no official commentary today on the fix it was interesting to see what came
Solidarity with assaulted in the center of berlin germanys foreign minister calls you attack repulsive and despicable. To welcome to the show democracy activists in hong kong have launched another weekend of antigovernment protests protestors have begun marches into hong kong neighborhoods theyre also staging a sit in ad hom kong airport activists occupied the arrivals hall and distributed flyers to tourists and other Passengers Police warned against violence or disruptions they could in danger of Public Safety but reports suggest the airport appears to be operating normally. Im joined from hong kong by our correspondent. Thanks for joining us were seeing this 2nd day of protests at hong kong airport this weekend but overall they appear more peaceful whats your take. There are various. Protests happening right now we have you have mentioned that. Hes. Being held at the airports. And also the latest call to the International Community especially to the tourists around the world and they
Look at europe. Those numbers are even stronger. You want to see this thats what i was thinking. Wow is that because of our deal here we dont like crises crisis averted. Yeah. Only adding another 300 crisis kicked down the road. Right it gets interesting when you think about the timing of when the next will be treasury yields at 2. 055. Hes like the cnbc app. Youre like a human version of the cnbc app. Joe just recited it before the show began like rain man i decided since you you may or may not know thank you. I cant sleep. Im like cramer, up at 2 00, answering people on twitter. Talking to people. Trying to help at 2 00 in the morning youre doing this no cramer is. Cramer at 3 45 is. I know. Yeah. Its decision day in the uk. The conservative party suspected to name a new Prime Minister today at about 6 45 a. M. Eastern time well bring you that decision as it happens former london mayor Boris Johnson is seen as the clear favorite theresa mays successor will take over tomorrow afternoo
Michael for joining us. Sauza and of young climate activists have marks through the streets of lows and demanding concrete measures to reduce Greenhouse Gas emissions several 100 had attended an International Climate summit in the swiss city at which they unanimously adopted what theyve called the lows and climate declaration it includes a call for Climate Policy to be based on the best Scientific Research the fridays for future movement was inspired by the 16 year old environmental campaigner gratitude book who is at the lose on conflicts. Young climate activists from the fridays for future movement are trying to send a message at the close of their 1st European Conference in. Its so great that were all here together for the same cause and it sets a nice feeling to be surrounded by people that believe in the same as we do but there has been quite a debate on how the Student Protest Movement should present itself in the future some activists think the discussion should stay out of the