President joe biden as senator Bernie Sanders and Elizabeth Warren continued to hover as toptier president ial candidates. All three of those folks keeping careful watch on senator kamala harris, a democrat from california, as well as others like beto orourke, julian castro, and others. It is a large field, but these thresholds coming up at the end of the month could winnow it. David President Trump maybe not having as easy of time as we thought with respect to the economy. Lets go out to los angeles and Sarah Mcgregor. This morning, bright and early the Chinese Government said we would retaliate on the tariffs and then the foreign minister said not so much. It seems like they were contradicting themselves. Sarah we have heard a lot of contradictions from the Trump Administration but china usually has a clear message. Today is different. It is no surprise that china will proceed with retaliation on these tariffs on the goods that will be hit in december, although there has been a bit o
Right now. Its great to have you with us on this thursday. Our Investment Committee stocks giving up big gains the dow is up more than 185 points earlier in the session. The feds front and center. Policy makers are gathering as we speak if jacksonville Steve Liesman is there, speaking with philly fed harker his comments really impacted the markets here. Reporter yeah. I think maybe the key is this. That harker is not a hawk but his talk or his answers to my questions were somewhat hawkish. Heres what he said when i asked him, you know, where should rates be where should they go ididnt think the cut was appropriate, necessarily, but i went along to it to get back to neutral. But im on hold right now. My forecast is hold where we are for exact one of the reasons is that that i think we run the risk of creating too much leverage in the economy. Reporter that comes against the backdrop of course harker did not want to raise rates in december now hes okay with where rates are right now. And
Points that happened with markets closing at their session lows. Weakness across the board. A lot of different sectors under pressure financials, materials and Consumer Staples all down by more than 1 well see what happens this morning. Futures indicated up this morning. Overnight in asia, the nikkei ended down by about a quarter of a percentage point the hang seng up by. 1 and the shanghai composite was flat and in europe where theres active trading taking place theres green arrows across the board. The biggest gainer of the three major averages is the cac up 1. 4 but you see gains of better than 1 for the ftse and dax as well take a look at whats happening with treasuries. Right now the ten year is yielding 1. 588 . So the yield picking up just a little bit the two year yielding 1. 539. Lowes is solidly higher on the numbers here 215 adjusted versus estimates of 2. 01 on better than expected revenue. A little bit anyway. The revenue is 20. 9 expected and 20. 94 to 20. 99 and then for
Pete said, better to be late and right then open up early and have the market start mismatched. David pretty good for journalism, too. Taylor it keeps us employed. Lets take a look at the markets. It has been a wild week. To comeready for alix back because i still need to recover from this. We are finally getting a bit of a lift with equity markets. Sort of recovering after a day of relief yesterday as well. 1. 50 percentow yesterday, recovering to 1. 55 . Year briefly hit negative on the 10 year at a record. At eurodollar. Not only is this a Dollar Strength story, this is a Euro Weakness to 1079. We are weaker on euro to 1. 1079. We are weaker on euro. David that looks pretty good to me. Taylor lets get a bloomberg first take. We are joined by bloombergs rachel evans and Brooke Sutherland. I just want to recap what a week this has been in the markets. Take a look. David and i were talking about the 10 year and 30 year bond yields, down 25 basis points alone for the week. Rachel, youve
War. David what can opec do about it . I will put a chart that illustrates what youve been saying. Outlook is down, normally that would drive prices up, but now prices coming down. That points out it is the main issue. Opec cannot do much about that, can they . Kevin helen absolutely not. Saudi arabia has been leading the cuts opec and its allies agreed in terms if the amount they can take off the market. Saudi arabia has voluntarily cut much more than a pledge to do. The fact that crude prices in london are around 60 a barrel, well believe the level most opec producers need to balance their budget, there is not a huge amount more they can do. As you mentioned before, prices are reacting to what has been going on in terms of expectations of Global Economic growth and the slumping equities we have seen recently. This week in particular weve seen a lot of volatile a couple of days ago there was a 5 drops in crude prices on both sides of the atlantic. Both brent and wti. As you can see, t