Probability an october fed rate to 90 Technology Leading todays come back nasdaq is higher up about 1 . We got our team of reporters standing by. They will break down todays whipsaw Market Action. First joining us is stephanie link interesting day weve had here we were on together at 10 00 market immediately went down i called almost a percent. Here we are back up. What do you make of it its a wild day its not over. I think its bad news is good news the data was soft. Both ism reports were soft well have to see what the nonfarm payroll will be tomorrow it will be on the softer side. What does that mean . Does the fed cut 60 chance for december cut, and speculation that maybe trump gets more desperate to get a deal done, trade deal done thats why we rallied. This is a pepsi market pepsi i like that it really is. Truly. They reported a good number, inline revenues. Market wants 4. 5 steady organic growth a steady yield paying 25 times. I cant do that because its too rich for me. Thats wh
Arrows across the board. Nothing by more than a percentage point the dax is up just over a 10th a percentage point not surprising anyone with any expectations more rate cuts could come if the economy slows. 10year yielding 2. 237 . I saw there were three dissents they failed to point out one of them wanted to go 50 the future Federal Reserve, in raining. Right wanted the cut by 50 basis points a Job Interview right in the general news, they said, the Federal Reserve was doing okay it looks like a great economy but there are things to consider beyond the globe i thought that was his best perfo performance yet. Maybe not what you were hoping for and ending up on the day, you were effective am i here over there. Smile for the camera okay. New reports about how was that was that fake . New reports about at t plans for direct tv. Stock moving a little bit. Reporting the giant is considering options including spinoff. Fake news is it fake . I have taken calls on this. This is fake news. I sh
Is looking like its biggest handicap. Going global. Worldwideplans a expansion. Shery lets get a quick check of how the markets closed in the u. S. We saw a stock rally with the dow gaining 270 points, while the s p 500 was higher by 1. 1 . We had already seen stocks higher since the morning session after President Trump said the prophets for a deal were better chinaw anytime talks with began last year. The positive sentiment on trade was spurred higher with the presser from president s macron and trump in the afternoon where we heard them both be positive on trade but also potentially no auto tariffs on japan. Not to mention a sit down with iran. We saw the stocks on the s p 500 and the green. Lets be mindful that volume was pretty thin. About 20 below the average at this point. U. S. Futures at the moment unchanged, but this as concerns are still out there on perhaps a recession hitting the u. S. We continue to see the yield curve inversion deeper into negative territory. Paul . Paul
Almost two weeks. Youre following through on that rally today, up 0. 6 . Eurodollar around key support levels. It is a broadly stronger dollar story. The bond market obviously in focus. No doubt we are going to talk about that terrible, no good, seven year bond option. I wonder, is that a threshold . Or was that just a fluke . David or was it late august . Globalime now for exchange, where we bring you todays market moving news from all around the world. Joining us in london is tony ahrens, on the phone from hong and on theen leigh, phone from when is a race from buenos aires is caroling a milan is carolina milan. Three activists in hong kong were arrested by police head of a rally. Karen leigh joins us with the latest. Karen Hong Kong Police arresting a number of prominent Hong Kong Police arresting a number of prominent speakers, including warning protesters that they could share that same space at illegal demonstrations this weekend. These are really raising tensions ahead of a 13th
Results. We begin with a news alert on big tech lets get straight to seema mody with all the details. Attorney generals are reportedly moving forward with an antitrust probe on big tech that according to the wall street journal, we just have here attorney general from mississippi saying continues to be concerned with the aggregation of data in the hands of a few and im always watchful of any monopoly. As attorney generals we need to evaluate and address specific conduct utilizing our existing antitrust and Consumer Protection laws. One way we are doing this is a Multistate Working Group called the Tech Industry working group. Melissa, we know big tech has been under fire, under scrutiny over privacy and regulations this further moves that forward. Our continuation of a trend, i should say based on this report from the wall street journal. That again the attorney generals are moving forward with an antitrust probe. As we get more, well bring it to you seema mody back at headquarters the