As to the longer rates narrative. Pets on a november fed hike rising to about 60 . Apple sliding the most in a month under reports of some government chinese agencies banning the use of iphones. We get japans travel outlook exclusively from the ana ceo who tells us that demand from china is soaring. If you look at u. S. Futures, it looks to be shaping up in a fourthdown day. The asia session could change that. We are early in the session. They are pointing lower. I just want to give that warning right now. It looks like we might see little bit more weight to bonds. Yields higher once again today after all of that data. Service is showing a lot of strength but also strengthen prices paid, which is perhaps the most troubling aspect of this whole thing. That adds to inflation. With oil prices assize they are at the moment, thats another troubling factor for those worried about inflation. Those include some fed Board Members and some fed president s including Susan Collins and jim bullard.
Stuart i always like to sing along. The microphone is closed. Good morning, everyone. It is 10 00 eastern. Straight to your money. I see some red. The dow was up one hundred 50, the nasdaq down 75 points. The bottom righthand corner, six winners of 30 dow stocks, the 10 year treasury yield, where is it . It is up a little bit at 4. 29 , the nasdaq upset. The price of oil going up a fraction lower today, just hit 87 a barrel. Watch out gas prices down the road. Bitcoin 25,700 as we speak. Latest read on the Service Sector. What do you have, ash . Ashley 54. 5, the other estimate was 52. 5, the Service Sector has expanded now, one dollar and 0. 50, 8 months in a row, interestingly the manufacturing side of things has contracted 10 months in a row but a solid result on the service side. Check the markets, now this. You could, if you tried really hard make the case that things are not so bad in america. If you look on the bright side the unemployment rate, bring up job openings nearly 9 mi
Giving equities a nearterm jolt. Seeing declines across the board. Hang seng off 1. 2 percent and the msci lurching to the downside as you can see from the getgo. A quick look at china benchmarks to see how they are doing. That tells you everything. I guests we had a bit of a gut check for those developers. Not out of the woods. Investors coming to grips that may be the authorities theyve been sort of taking a piecemeal approach. Perhaps they are getting it right. We dont know yet. Theres a feeling perhaps it is working to some extent given the long queues people had looking for properties in shanghai and beijing. Yvonne its amazing. The mortgage down payments, people just start lining up and they saw transactions that weekend was equivalent to what they saw in a month according to some local reports. What did that translate to consumption is another key factor as well. Its interesting to see with Country Garden. Today is the day, or tomorrow, the grace period of the dollar bond ends a
Im Cheryl Casone i am in for maria bartiromo, tuesday, september 5,8 00 a. M. Eastern time, time for the hot topic of the hour former President Trump calling states attempts to disqualify him from ballot in the 2024 president ial election a trick in truth social post claims almost all legal scholars voiced opinions at 14th amendment has no legal basis or standing, relative to the upcoming 2024 president ial election, like election interference another trick used by radical left the the wall street Journal Editorial Board out with a new oped on this exact top say removing mr. Trump by fiat would also deny voters us the constitutional right for the candidate of their choice, this is aside from mr. Smith the special prosecutor accuses mr. Trump of violating, flats would arguably commit same offense section 3 elizabeth of the 14th amendment, and what journal argues about instead of letting Voters Decide who should be on the at about they are trying to use law basically barking up wrong tre
Stuart world st. Clair. Not sure of the relevance to this but wait until you hear my take. Good morning, everyone budget is 10 00, to your money, the markets, we start with the dow down 60, s p down 70, the nasdaq 84 points because the 10 year treasury is going up. That hurts the nasdaq. 10 year yield is up 5 basis points. Watch out for oil, saudis saying they will extend their production cuts. That means oil goes up. 87 per barrel. The target for stocks going up as well. Bitcoin struggling at 25,700 per coin per coin. Thats the market and now this. It started with the catastrophic withdrawal from afghanistan. I say catastrophic because the president s standing at americas standing went downhill from there. Russia invaded ukraine, china, iran supplied drones to putin and now news that north Koreas Kim Jongun will visit moscow probably to work out a weapons for food program. Chinas xi jinping will not attend the g 20 summit. Added all appended is clear the new world order is taking shap