Protectionism is a drag anchor and governments are not doing enough. U. S. Agrees iran was behind the aramco attacks. Tehran denies that and warns of allout war if it is attacked. Shery lets get you started with a check of the markets in the u. S. We are seeing futures unchanged, after a mixed closed on this theres day. We have the dow moving more than 50 points. The s p 500 finishing unchanged. We had a boost earlier in the session coming from white house Economic Advisor larry kudlow sounding more optimistic on trade. Then we had another trump advisor hinting at 50 21 50 to 100 tariffs on chinese goods. Rising uncertainty on trade, not to mention the oecd cutting Global Growth forecasts. That led to our haven demand bonds rallying for a fourth consecutive session and the 10 year yield sitting at that 178 level. Not see how things are shaping up in asia. We are this friday, potentially seeing a muted start for asian stocks. Bonds drifting as treasuries nudge higher. Tensions will be o
Fascinating conversation and content out of those interviews. Cant wait to see them all. I amme to daybreak asia, haidi lun here in sydney. Betty i am betty lou at the Global Headquarters in new york. Before we get to the great therviews, a recap of markets. We sell the dollar gain, oil markets higher, oil touching above the 50 a barrel level. That led to stocks rising. Lets pull up the board to show where markets closed. The dow added on 40 points. S p gaining. The nasdaq higher, as well. We continued to digest lots of news in the u. S. We will be watching economic numbers that are key for the market. Haidi we spent so many days talking about the weather, north korea, geopolitical risks. We are now focusing back on monetary policies and the macro environment. Check out how we are setting up ahead of the data. New zealand, trading sideways, up 1 10 of 1 . The kiwi dollar at. 7252. The dollar rising for a third day, expectations that may be a fed rate hike in december, pushing to almost
The spread widening as well, back above 80 on the back of these numbers. Have a look at my bloomberg. The movement in the number of fulltime jobs created on the chinese mainland. This is simply that ticker you see on the top left side of your screen. 2017 has been very good. 20,000 wes after the saw in the previous month. Not bad at all. That being said, it is simply realizing these jobs and adjusting for it later. It is a good set of numbers. The currency is being seen as a positive. Australia jobs in fulltime and parttime. It lets that is that look at the open in shanghai and p what do we have . A little downside on the open. Down 5. 2 . It is looking flat when you look at the csi 300. A batch of china data coming through in half an hour. Really interesting to watch the currency market. The aussie up 5. 3 , but he did see strength coming through in the dollar in the u. S. Session, up for a third consecutive session, weighing heavily on the euro, falling to a one week low against the
Lets talk about paul ryan. Certainly a familiar name and face. Ou know the basic story works for Construction Company founded by his grandfather. Chairman of the house of the budget committee. Most young congressman paul ryan does better. Paul and i have a little bit of history. Remember that night a few years ago . In ohio . Mitt we will always have akron. You know what clevelands motto is . At least we are not akron. Beyond all the washington turmoil, he is a Public Servant who works tirelessly to create opportunities and improve life for all americans. That is why the work of the Alfred E Smith Memorial Foundation resonates with him so strongly. I guess this is the right time to tell you. I know you thought you were being invited to be the keynote speaker, but this is an intervention. The cardinal has secured new identities for you and your lovely family. We have a nice place in north dakota where no one in washington can idea. Will after the dinner we whisk you away and you will no
Mike frank, thank you for pinchhitting for Peter Robinson who was quite ill and couldnt travel, so i hear that was perfect. And then the yoga and the jog this morning actually there were people there and they did a great job. So good. In addition to welcoming you today after yesterdays packed program and i know many of you took note of the fact that we took no breaks, we just went straight through, our intention it is to do the same today. We have a couple of scheduling changes. As you notice our panel here is up. Kellyanne conway, were switching her times. She had a meeting at the white house. I squd them to change it because of our schedule but they said no. But our panel here decided that they would be able to switch their time and come bright and early, so i appreciate that. There will abe couple of other things during the day, possibly where we might have a break. There are a bunch of things happening with the healthcare bill and some of the other people who are coming later in th