Got down worldwide today it was yesterday because everything seems further apart than ever but the thing is like we were never close to phase one to begin with nothing has changed the narrative has not changed since i was even earlier this march the end furthermore everyone now theyre looking at the december 15th deadline because thats really the backstop for the entire phase one deal right now thats the backstop and thats the leverage at present temporarily has and right now analysts are saying that if this tariff goes into place that will be terrorism 156000000000. 00 worth of goods and for the 1st time ever this will affect consumer goods and electronics so its funny because both sides keep sounding like phase one is close were almost there beijing same meetings will make make this happen like were going to get it together well get it done but then as they talk about it the closer they seem to get the more they kind of up the terms of what they was trying to keep saying well we want
Somewhat of a break and this system, not the strongest one weve been dealing with over the past week or so. A few spots topping a quarter of an inch of rainfall. Were not talking about several inches of rain. San jose,. 29. San francisco,. 21. This is a rain producer for central and Southern California. As we come in closer to the bay area, heres the radar coverage. Rain showers coming onboard. Right now heres the current coverage. Its kind of shifted up to the northern half of the bay area especially in upper portions of Sonoma County. Petaluma, santa rosa. Those link up to heavier rainfall rates. If we click on this closer to glen ellen, showing you about a quarter of an inch an hour as we continue to move the maps closer to marin county. The richmondsan rafael bridge completely covered. Extending out to the east bay for concord and antioch. Looks like more scattered coverage but still moderate downpours in portions of the south bay as we come in closer to san jose, closer to sunnyva
The hang seng at the moment. The two thirds of 1 . Lets look at what is going on with the nikkei. Market, we are seeing a move to the upside. A case of bad news and good news. Indicating they could institute Interest Rate cuts. Lets get to the other asset classes. This is where we find ourselves at the moment. It must have been quite a meeting between the fed chair powell and his boss, the president. It must have been. A yield to that has barely been budged in. We have been seeing them lurch higher. More uncertainty in the haven buying. Pence against the euro. That is sterling moving to six month highs against its european counterpart as the threat of a hard brexit recedes. Aussie dollar moving to the downside. Just under . 68 u. S. Where it istuation to the downside potentially. Theyof many are saying would not be surprised to see a 66 handle in the nottoodistant future. Then we have the Violence Center stage in hong kong. It is continuing. That continues to be our top story right now
Each day lets talk about this because 1st of all as we mentioned on wednesday right theres talk of this phase one deal between the u. S. And china may not get done this year which really isnt a big surprise it would take what about 5 weeks for a deal to be signed and were already up against it based on where we are in terms of the calendar but even though you know that would be assuming everything is ready to go right now but it seems like both sides u. S. And china are further apart than theyre pretending exactly and this is as you said like it would take certainly a long time and the markets really shouldnt be surprised by this so the markets got down worldwide today it was yesterday because everything seems further apart than ever but the thing is like we were never close to phase one to begin with and nothing has changed the narrative has not changed since i say even earlier this march the end furthermore everyone now theyre looking at the december 15th deadline because thats reall
Cheap. Lauren let me get to the point, ashley. Technology is making us im impatient. It is wednesday, september 4t september 4th. Fbn a. M. Starts right now. Lauren i am impatient lately. Welcome to fbn a. M. Im lauren simonetti. Ashley good morning, im ash ashley webster, in for cheryl casone. Lauren u. S. Futures looked to recover much of yesterdays selloff, triggered by new data, showing the Manufacturing Sector contracting for the first time in h two years. Ashley the yield on the 10 year treasury is up 1 basis point, right at 1. 48 on the 10year. Lauren yesterday, Major Concerns of a global slowdown, that took down the price of oil, recovering this morning, 54. 17 a barrel. Ashley take a look at the stocks in asia, hang seng closing up nearly 4 on the extradition bill perhaps being withdrawn. The nikkei, hang seng, kospi and shanghai moving higher today. Lauren u. K. Law make voted last night to a allow a bil bilr a no deal brexit in the eu. Ashley Hurricane Dorians eye passed to