And momentum builds, joe biden opens a commanding lead over Bernie Sanders in the race for the democratic president ial. Omination among the winds, the delegate rich michigan. Confidence is evaporating again with a noshow by trump who had no details on tax benefits to the end of the year. World markets are on tenterhooks. Bears are winning in australia. You are back in fair territory there. Roll it over, have a look at the s p 500 from limits down on monday to limit up on tuesday, prevarication and procrastination cost. There is a lack of cohesive policy response. Dollarian, money going back into the buyer haven. Up by 2 . They saved you will see shale literally fall apart. C and opecplus agreement, demand will recover. I call that optimism. To our top story coronavirus, the environment of Giuseppe Conte looking to increase fiscal stimulus for the fourth time in a month. Finance Ministry Officials are working out how to double the existing package. The number of infections in italy has
It is not only a big conservative majority giving a lift to u. K. Stocks, the pound is gaining, but this phase one, or at least something that feels like a phase one [indiscernible] we will not see extra tariffs on sunday. It is going to be a risk on mood to markets overall. I am delighted to be joined by a conservative party spokesman. What a win for Boris Johnson. What are the markets looking at . What will you deliver, as the tory party, that the market likes so much . What we will deliver is a degree of certainty. Weve got a working majority, and that means we can deliver a withdrawal from the European Union on the timescale that we set out, and we can get on with thrashing out a trade deal with the eu and investing in an infrastructure that will help continue the growth in the u. K. Economy. Francine if a Withdrawal Agreement goes through, do you have any idea when that could be . We will certainly start the process before christmas, and we will do so in a way that we can get thro
Social network well tell you why it matters on tuesday, october 8 as Worldwide Exchange begins right now it is raining outside. The team is the song is called a fool in the rain. Good morning, good afternoon, good evening from wherever you are watching talk about one specific trade war casualty check out ambarella. Theyve got a lot of exposure to china. Now just 10 one company specifically that was black listed overnight as soon as people connected the dots between the black his of hick vision. This is an exact and specific example of how American Companies can get hit like that. Well get more on this and other stories. Trade likely to dominate trading again. Twists and turns keep coming futures right now, they are actually lower after a drop in the dow yesterday. Even with these drops we still remain within 2 of the alltime high it has been a daytoday story bonds, theyve been a big story. Yields, theyve been backing up at 1. 55 on the upside, looking at Mortgage Rates as yields come d
Watching closely with moves on tiffany over the weekend, but also what weve had brexit developments, investors still watching whether there will be an extension to void a hard brexit last minute and what that deadline day will be were also closely watching developments around trade and suggestions there has been some progress in phase one of a trade conversation between the u. S. And china. All this as we count down to the fed this week and markets, were talking to our guest host, andrew this morning, maybe there will be disappointment for the rate cuts and might disapaint from market views. An event risk week is now a market tilting into the red at the start of the session lets dive into someof this green and red as we begin the trading day. Towards the bottom of these charts this morning in terms of underperformers that were watching by a sector level versus some of the outperformers at the start, autos at the top, banks at the very bottom of the boards trading down by. 6 asia won th
We are seeing green on the screen in terms of equities and u. S. Futures. We finished unchanged on the s p 500, so the markets are a little bit risk on. We are seeing that reflected in the bond market. The 10 year has backed up. We have a number of regional president s pushing back against further rate cuts. The dollar is on the front foot as well. Coming up, we are live from jackson hole as investors take positions on how fast and how far the fed will ease. We have a host of stellar interviews first up, James Bullard. And then watch out for robert m Robert Kaplan and patrick harker. , that iser it takes what new Zealands Central Bank governors says he will do to support the economy. Thef says he will evaluate impacts of this month on expensively large rate cuts before considering further easing. Forward, we were saying everyone is telling us we needed to be lower. Everyone is telling us Global Growth is slowing, so lets get ahead of this. Lets move and reduce the probability of having