Intraday s p 500, going into the trading session we were higher. Investors excited for the fed commentary. Around the time of 8 00 when china came out with its tariffs headlines, talking about it would place additional tariffs on 75 billion dollars worth of u. S. Goods including cars, soybeans, and oil, we see lower. Then jay powells preprepared remarks did come out, being perceived as dovish. We see the s p 500 verse higher and then President Trumps tariff tweets came out talking about he will respond this afternoon, a big leg lower. At session lows. Now we have all three major averages on pace to have a weekly decline for a second week in a rope. Is showing sector wise. If we go to the bloomberg and look at the imap, all 11 sectors are lower in a big way. The majority down 2 or more. Energy,ottom, tech, consumer discretion industrials. On top, doing better, the defensive sectors, high dividend yielding sectors that look more attractive when yields are lower. As for some of the other
In we expect that there could be lawsuits in the coming days there could be injunctions filed by opposition Political Parties here in puerto rico so while there is some sense of normalcy here on the streets right outside of the Governors Mansion behind me there is still very much a lot of uncertainty here this was a protest that went on for more than a month to get rid of the previous governor he is now out of office but now their interest into a new phase of uncertainty on what will happen with the new governor here a new governor is pretty well respected many people say hes very competent and capable he was puerto ricos representative to congress in washington d. C. For several years but many of the people here on the streets the protesters say they have a Newfound Energy and they are willing to go back on the streets if necessary to protest if he does not deliver on some of his promises such as health and education improvements here on this island that is a u. S. Territory neverthel
And iconic collection. Ste historic archive of African American life now staying in public sight. Theres hope in these boxes, a lot of hope. This is the cbs weekend news. Quijano good evening, im Elaine Quijano. President trump started his day today with new attacks on democratic congressman Elijah Cummings and his home district, in baltimore. So far, republicans have been mostly silent. But the response from many others including the Baltimore Sun has been scathing. Heres nikole killion. Reporter President Trump defended his twitter tirade against maryland congressman Elijah Cummings, saying sunday, there is nothing racist in stating plainly what most people already know, that Elijah Cummings has done a terrible job for the people of his district,. Nd of baltimore itself. The president doubled down after calling the city a disgusting, rat and rodentinfested mess, and, no human being would want to live there. This is being perceived as racist. Do you understand why . I understand why,
Against deploying new missiles in europe well showcasing next generation russian weaponry thats id like to tell you about this Hypersonic Missile which can travel at about 9 times the speed of sound has a range of more than 1000 kilometers for months nato leaders urged russia to comply with the deal to prevent its collapse the u. S. Concerns on nato concerns about the new russian missiles have been raised with russia over several years but last minute pleas to keep that deal intact failed in july putin signed a law suspending russias participation in the agreement now hopes are diminishing for preserving the last remaining arms pact between the United States and russia the new start treaty signed in 2010 and set to expire in 2021 Trumps National security adviser john bolton has called the treaty flawed i fear that without. And with the. Mr ball with the lack of interest and focus of president we end up with out a new start treaty as well we go into a Nuclear Arms Race like we saw in th
A century ago the United States has by far the biggest stockpile with an estimated 350000000000. 00 but russias holdings of quadrupled over the last decade the jewelry industry uses about 2000 tonnes of gold every year worth around 85000000000. 00 but its people in india that have believed to hold the most gold estimated to be worth around 1. 00 trillion dollars so is that extra demand for gold or is this just investors seeking a safe haven to find out were joined via skype by gavin wendt gavin is the founding director and senior resource analyst at sydney based mine life good to have you with us gavin so whats behind golds recent rally well weve seen a number of factors that conspire exactly the right time. Dr gold. There have been some. Recent factors. I guess related to things in the last week for example related to u. S. Interest rate caps trade issues uncertain day with respect to britain and iran an ongoing Economic Council. But we can actually trace goals i guess. Strong momentu