Said biden made it worse, that is not good for president hu is touring the country trying to sell bidenomics. Maybe thats why an increasing number of democrats are trying to get him to step aside. Congressman dean phillips has launched a National Campaign asking the party to find someone else. After many summit with leaders of south korea a the president leleaves in lake tahoe californa so he can be in hawaii on monday. Lets get to the market, you are not going to like this, look out below, the dow is looking at the worst week in five months. The opening bell, were probably going to be down 160 into serious loss and the nasdaq, down 130 points. Interest rates, uptrend, that is not good for stocks, the ten year treasury yields well above four and a quarter percent, 427 in the twoyear treasury getting the same of what what it was yesterday. Slick close to 5 , look at bitcoin a sudden drop after elon musk said he had written down the value of the Crypto Holding that spacex, the wall stree
Decline on the day of the dax in. 8 , asdown 79 points, well. The russian ruble is falling after the central bank there held the benchmark rank and changed for the first time this year, at 11 . 68. 08 to six. For the brazilian real continues to trade a little bit lower, unchanged at the moment. That country getting downgraded yesterday. Financial markets in trouble there. The euro going to 1. 1270. The yield in the yes, dust in the u. S. , 2. 2 to the fiveyear 73 basis points for your twoyou appeared we watching reaction to Goldman Sachs suggestion that oil could go as low as 20 per barrel. Not the best case, but they say it could happen. If supply does not drop faster than demand. Now, west texas intermediate, 44. 70. Brent crude at 47. 71. A lot of chapter this morning about the 11 republican candidates who will appear in next weeks primetime president ial debate. Among them will be Carly Fiorina the former hewlettpackard ceo not among the 10 candidates they for the main debate last
Fed Pivot Comes Into View; Bank of England Mirrors Fed in Holding Rates Steady; European Central Bank Is Expected to Follow Suit By James Christie Good day. The Federal Reserve held interest.