Its worth the risk of a recession to get a big deal done out of control, Jeffrey Gundlach has strong words ahead of this weeks big jackson hole symposium and then tech under fire as well it is wednesday august 21st and Worldwide Exchange begins right now. Good morning here is how your money and the Global Markets are up, the dow will open up around 140 points the s p by about 17 and the nasdaq by around 63. We could get back most of what we lost yesterday. This after the dow and the s p snapped three day win streaks. The nasdaq coming off its first down day in three. The bond market certainly a key focus as well. And the current yield floating below 1. 56 . 1. 59 the last trade there, 1. 539 if you take a look at that yield, its maybe just a bit wider than it was over the course of the past couple of weeks. It is the president front and Center Taking on everything from trade war to the fed to the state of the u. S. Economy. Nbcs tracie potts joins us now from washington. So tracy we ca
Anna dealing with deceleration. Chinas economy slows to the weakest since the 1990s. Flat. Er ipo goes ab inbevs asia unit pulls its share sales. Its stakes to boost in of the belgian company. Program. Ack to the matt it is a pleasure to be back. Futures slightly gaining across european equities. We had asian stocks pairing closed, chinahas doing well with a weaker gdp rating for the Second Quarter. June data points higher. Dax futures up 0. 2 . Cac futures 0. 1 . Ftse futures unchanged. Anna you are away for a week and im sorry, we dont have anything more exciting for you to return to. European equity markets and asian markets, you can see the top line. To get more exciting. We hear from jay powell. There will be lots to talk about. There is lots to talk about as we prepare you for the week ahead. Asian equities and in particular chinese equities recouping losses on the back of data coming out of china. New zealand dollar, quite a lot of trade between new zealand and the aussie dollar
The drumbeats loader for rate cuts. Southeast asian leaders walking a fine line in the simmering trade war. We will bring you more from the meeting in bangkok and more with the Prime Minister of malaysia. Looking at how markets closed, it was a turbulent session not only because we saw the iranu. S. Tensions escalate but because futures and options expired on the same day on quadruple witching day. So at one point it was an intraday record high but then we thought ending. 1 down lower. Led by real estate firms. The dow falling. 1 as well after touching a high we have not seen since october. We had Energy Stocks gaining ground, the biggest on the s p 500 as we saw wti gain 10 last week on middle east tensions. At. Futures not doing much the moment. Lets see how we are shaping up. Sophie on friday asian stocks faltered but the benchmark managed to pull through with the best week of gains since january and this monday we have a lackluster start ahead for asian shares, kiwi under pressure.
Hence were noon in the eastern part of the United States and it has yet to begin formally trading. Were watching that. Were watching crosscurrents of the markets, buoyed about prospects for possibly a china deal and lower Interest Rates at that came with it. Although off the earlier highs, largely on concerns we might be staring down a possible conflict if iran ever since they shot down a u. S. Drone overnight. The concern that it will spike oil prices. That is exactly what is happening but it has not spilled over into the rest of the market. President trump, meanwhile as we mentioned earlier will meet with canadian Prime Minister Justin Trudeau with all his finance ministers in tow as well. Possibility of a proverbial pool spray. You know the drill with that. The canadians are here in town to make sure they nail down the agreement with the United States along with the mexicans. The mexicans okayed it. The canadians okayed it. Theyre worried about the chilly reception on it is getting
Intentional. Sending a message, xi jinping strengthens ties with north korea. Kathleen u. S. Stock market. Lets take a look exactly at what happened. Setting us up for the asian open. A rally. You can see the Dow Jones Industrial the s p 500, the nasdaq, across the board, up almost one full point. The s p did have a closing high. A record. Sincecond alltime record that last happened in april. That is all good. You can see the futures are pointing a bit lower. It is not a big decline, but after such a run, a small rally yesterday, after the Federal Reserve announced its policy decision not to change rates but to open the door to lower rates, the rally and this seems now it really like maybe people are just going to sit back and pods. Same thing in the bottom market and pause. Same thing in the on the market. It was bond market. It was dipping low. It is still very low. You can see that just a few days ago, we were up over 2. 04 . This has been a mighty rally. Central banks are getting r