Down sharply, for a third day in a row on fears that these tensions between hon congress and the tension with China Hong Kong and the tension with china is a sign of the tensions in the u. S. , the idea there will be more likelihood the china firms will be delisted here in the u. S. , confirming the risk tone we are seeing for more of the china sensitive areas. Bonds rallying a little bit. This is very small decline for the s p 500 on the day, david. We are going into the long weekend so it feels like a lot of traders have checked out. On the week, it has been very choppy, great point, two down days in a row. But on the week, we are looking at a gain, up 2. 7 . That comes after last weeks loss. That range we have been talking about is in place, the bulls and bears looking for more information on what could be next for the Global Economy and how that will play out through the markets. Stay tuned. We will be talking about that next week. David thank you so much to Abigail Doolittle. The
Government has fallen and we have a possible new coalition on the table. He will talk about a german bond auction. David we have a 30 year and they will test the market today. On top of australian markets, they sold 800 million worth of debt. Average yield below 1 . It seems the bond markets are pricing in more easing and the world gets worse from here. Our guest is with us out of singapore, head of asianpacific economics. Our things likely to get worse before they get better . Well, it is certainly a very challenging outlook. Exports in have seen the economies are feeling the impact of the collapse of trade volumes and it is not only about trade. We have seen persistent uncertainty has put spending assistance by consumers and businesses on hold. Producte, we are seeing face weakening in economic momentum. Broadbased weakening in economic momentum. A good part of asia is in a downturn and how long and how deep that down for downturn will be depends on policy maker actions in terms of f