Lighthizer to go to beijing in the coming weeks to get things restarted. There are three areas where they are stuck. The first of which is what to do with huawei. The president in osaka committed to president xi that he would loosen restrictions on u. S. Sales to huawei, which is a big demand from the chinese. The second piece is the president once the chinese to resume form sales, foreign purchases. That is about addressing one of his big political constituencies. Where youthing is start these negotiations . There are 150 pages of text they left in may, and it is unclear if that is where they start or they start all over again. David trade negotiations are always difficult but i do not remember the one where the parties do not agree what they agreed to. The president said the chinese have agreed to buy agricultural products, chinese said we have not agreed to that at all. Why can they not agree on what they have agreed on . Shawn that is one of the big problem and that is a repeat on
Barcelona in moments. A lot of anticipation in the chamber. Madrid is ready to take action. The Spanish National police force set to be ready to arrest Carles Puigdemont if he declares unilateral independence. Maria is in barcelona with the latest. Lets get to you immediately and asked if tensions are rising in the streets in barcelona, or are . Eople just curious tensions rising and a show of force by the catalonia police. They have lots of the street and people cannot get in and out. Against thegroup unilateral declaration of independence and another one telling him to do it. It shows you how polarizing the issue has become. Carles puigdemont has arrived and is inside parliament and minutes away from delivering what could be a unilateral declaration of independence. We are not sure of the wording, not sure of the format that may take place. We are not sure if the opposition will get a say. They have a majority in the Catalonia Parliament and if they want to enact this law that could
The global underperforming coming from the nikkei, closing down three for a percentage points, catching up with dollar yen. Switch up the board and we would get to the fx market. We it is a weaker dollar story on the euro. That is a yeartoday high. Just coming in a little bit following where crude is going down by. 6 of 1 at 45. 66. Lets get across matt a couple of them are the stories we have been watching all weekend long. Yesterday afternoon is when we found this out, right . It feels like yesterday afternoon was the whole weekend for me because i took friday all the way to sunday. Halliburton, baker use baker hughes calling on their merger. The second and Third Largest oil service on sunday, the plan company jon baker hughes is planning a. Uyback they have that 3. 5 billion to play with now. David so much for the speculation they would be investing in technology and being more competitive. Lets buy back some shares. Megan 3. 5 billion coming back was always hugely controversial in
Manufacturing according to the institute for supply management rising , contracting by the most since july 2000 nine because we did see an unexpected contraction in that manufacturing number. Despite that we are seeing a rally. Hits in the session took a but Still Holding up relatively well. Everything that we here between now and the next fed meeting effects what it will do beyond that meeting. I know this is one of alixs miprs. This looks at the forward rate curve and Interest Rate swaps in that market. We are seeing a gentle curve although it is a slightly more aggressive than it was historically. With every piece of Economic Data that is a little more negative, we are going to likely see the expectations for the pace of Interest Rate increases to get a little more benign and indeed that is what the fed has told investors as well. Alix also what is interesting in terms of what is leading stocks is the momentum, not those related to the fed but the stocks elected poor a lot of money