Joining us for the hour stephanie link from nuveen, a tiaa company so we lost the gains is it on fears ha a trade 2k5e8s getting pushed snout is the market expecting a trade deal at this point i think were a little more optimistic about a trade deal most recently and thats why we rallied as much as we did and thats why rates actually increased over the last couple of weeks but yeah, i think the commentary today about trade kind of pushed us down. But i really think were still trying to digest what the fed said yesterday i do think it was a hawkish cut but i also thought that powell walked it back why was it a hawkish cut . Because you have the dissenters and you were talking about it yesterday you were right on it as soon as it came out yesterday about the dissenters and i totally agree with you on that heres the quandary. The Economic Data in the sfats is not bad we had great housing data yesterday, pretty good data on housing, i. P. , retail sales. Jobs continues to be good. So if he
On the way to an ipo. Investors did not like it. Saudi arabia puts the prince in charge of the kingdoms oil ministry. He has a strong personality when it comes to the market. James gorman speaks frankly about the fed. I suspect they will do one or two more, but then it is time for a pause. Eminent Asset Managers apply unconventional wisdom to a changing financial environment. Ingressive and grade Investment Grade Corporate Bonds are an asset class that provide more risk than return. Bonds are not a safe place to be. You have 17 trillion treasuries trading negative returns, which is crazy. Nejra it is all ahead on bloomberg best. Hello and welcome. This is bloomberg best. Your weekly review of the most important business views, analysis, and interviews from bloomberg television. Lets start with a day by day look at the top headlines. The tension between Boris Johnson and u. K. Lawmakers ratcheted to new levels monday as the pm stuck to his do or die brexit plan and parliament came toget
Power, at least fourstorm related deaths as dorian makes its way on the east coast. In bahamas, hundreds possibly thousands are still missing, death toll continue to go rise in the bahamas, we will bring you live coverage, we will take you there coming up all morning. Ipo issues, wework report lid cut of valuation with more than half, weve got the Details Behind the struggle coming up, mornings with maria begins right now. Maria big show this morning, it is a big day for markets on joes day, joining the conversation this morning Fox Business Network Dagen Mcdowell and chief workforce analyst courtney is here and chief economist john, great to see you, guys. Good morning. Maria big day on jobs, a lot to talk about this morning, also on deck joining the conversation the founder of next digital, Majority Shareholder joining us live on hong kong unrest, activist and leader in hong kong situation and we will get his take on latest developments, congressman is here on Technology Jobs and for
Heated tone from the u. S. And china. Financials, semis and industrials are all lower and full Team Coverage coming up dom chu is tracking it phil lebeau with details of on headache for boeing. Market down 333. The low of the session 425 down. The dow higher this session down 205 and red throughout the session as you can see sharp selling. Lets bring in Rebecca Patterson with us for the full first hour of the show. Good afternoon whats the spark again for the selling . Last week a nice end to what was obviously a negative month of august. I think what it boils down to is its not about the cost of capital. It is not about the level of Interest Rates, the stimulus it is the confidence to spend so we can make Interest Rates as low as you want but if you dont have companies and households to borrow and take that money and buy something with it, whats the point . Thats the conundrum we saw it in the trade rhetoric today. It is eroding confidence thats driving us right now. Can the fed or Ce
Including viacom and cbs. They are proceeding with that deal, but they are down 7 apiece. Retail being dragged down lower by macy, which vastly disappointed investors. Many other brands lower as well. Guy it is a tough market if you are long. It is not tough if you are long bonds, though. U. S. Ections of both the and the u. K. Yield curves invert. Trade euphoria getting steamrolled by another round of disappointing Global Economic data, mainly out of germany and the United States. Grant peterkin of man u life Investment Management of ,anulife Investment Management senior portfolio manager, joins us. Seen the u. S. Curve invert before, and generally there is a portent for some recession sometime after that. Are seeing the Central Banks have economies back. We are keeping longer dated bond yields relatively bid because of the collateral out there in the world. If the risks around the geopolitical tensions, whether in hong kong, argentina, or the potentiallyhey are bigger problems for us