That reduction in greenhouse pollution would have the same effect as taking nine hundred fifty thousand cars off the road methane is twenty five times more powerful than Carbon Dioxide as a Greenhouse Gas and about a third of all u. S. Methane emissions are caused by oil and gas operations interior first two attempts to repeal face continued Court Challenges the latest attempt will be subject to a sixty day Comment Period after publication in what is called the federal register where we can all read about it. And stock markets in asia rallied today as some sense of stability returned after last weeks market meltdown while tokyo hong kong and shanghai led a strong advance across asia investors continued to be anxious especially head of key u. S. Inflation data to be released wednesday some of the some of those concerned that such data could spark further volatile market moves almost anything could european stocks have seen a robust recovery also following the worst week in two years bri
Asia. Mark carneys there is no rush to raise rates. Ma saying china will drive the Global Economy for decades, urging america not to miss the boat. More reaction to the msci decision throughout the morning. It is a question of locally traded ashares comprising as of Global Emerging Markets gauge. Thats right. About howen talking these china Largecap Companies have been outperforming the small cap. 123 on your bloomberg. You can see these are the big airlines,c, take among those that will be added for ashare and collusion. Capquestion is this premium gap between ashares and hshares. As this move gets underway, we will see the valuations in shanghai come down to match the global level. Lets get a look at the markets ahead of the china and hong kong open. These twin the stories, capital maycerns rotate out of other emerging markets. Saying Goldman Sachs korea, taiwan, and india may see their benchmark waiting reduced. There could be limited impacts onlyrean stocks given that takes place n
It was 18,000 on election day. Profits looking very strong. This is the time when corporations tell us how they are doing financially, the story is theyve never made as much money as they are making now. Tax cuts, here is something positive on that. A timeline, details in september, a house vote in october, a senate vote in november, that would be just fine if republicans can pull it off. And jobs, lots of optimistic forecast about fridays big jobs report. You look at washington, you see a mess. You look at the economy and the markets and you see something different. The hope of growth. 22,000, here it comes and Varney Company is about to begin. [laughter] stuart nice graphics. Aw. Who is that . The cars. Of course. Light the graphic. That pleases me. It pleases me. Money from heaven. Love it. Okay, big number, there it is, that was mondays close, 109 from 22k, looks like we will hit it right from the getgo, groan arrows for the futures markets. Triple digits, if we go we are at 22k wh
A. M. And when london. This is emerging markets, middle east. Lets check something currently pummeling the u. S. , im not mcgregorbout conor versus floyd mayweather. In talking about hurricane harvick the strongest to hit the u. S. In 13 years has smashed into the texas coast and has and gaswn key oil infrastructure. Look at how thats affecting oil at the moment. Those ticking up under 25 of gold out put, 429,000 barrels per day. It was category four, its now been downgraded to a tropical storm. Still expecting a lot of rain to hit texas over the coming days which could cause widespread flooding. Lets check our u. S. Markets closed on friday. S p 500 index picked up four points after comments from trumps Economic Advisor saying he thought performances quepasas year. Also if the back of jackson hole, that was victory on friday. You can see the impact right there from a perspective on the bloomberg. Janet year yield yellen speaking about Financial Stability, she didnt say any about this,
Down the president. Americansler bows to first jobs policy. Looking positive out there, the absence of japanese trading, a Public Holiday they are, 30 minutes before the start of the session in hong kong and shanghai, the open in kuala lumpur, taipei, and singapore. Here is Sophie Kamaruddin. Sophie a number of markets coming online, checking that space. We are seeing continued gains on the asx and new zealand, and the kospi reversing gains made in the morning. Space,look at the data whats happening with Dollar Strength, resuming strength following the friday jobs report. Note, the yield of seven basis points friday. Bill gross is expecting a breakthrough to the 2. 6 level, pushing it into bear market territory, gross saying the treasuries are at an inflection point. Gold edging higher after falling in the wake of the u. S. Payroll data, gaining demand for alternative assets, and equities soft in. The robust case for u. S. Interest rates going higher could make bullion less appealing.