President trump warns he will smash the turkish economy. Hong kong calms down after a long and difficult weekend. Leadership in beijing should meet protesters. Get you across some breaking news out of south korea right now. This is the current account balance for the month of august, and it is coming in, contacting on the july figure. Billion. In july, it was 6. 9 billion. We have seen rather disappointing export numbers out of south korea, but however, the current account remains in surplus after the chart, dipping into deficit back in may last year. It is trending a little down. The trade war is weighing on career. The current account balance for the month of august, 5. 265 william dollars. Chari. 5. 265 billion dollars. Shery the Trump Administration put 28 chinese entities on a new trade blacklist. The s p 500 was down. 5 in the regular session. Major indices ended in the red and they were fluctuating between gains throughout the session but we had energy and Consumer Staples leavi
Limits. President trump says that leadership in beijing should meet the demonstrators. Shery lets get you started with a quick check of the markets. U. S. Futures under a little bit of pressure after the Trump Administration announced 28 euros and companies in china that will be added to the u. S. Blacklist. We have seen the s p 500 lose about a half a percent in the regular session as energy and Consumer Staples led declines. Oil giving up the biggest gains in more than two weeks on conflicting signals about trade and energy demand, but also geopolitical stability. The focus this week will be on the trade walks talks in d. C. Not to mention fed chair Jerome Powell speaking on tuesday. We are getting the fomc minutes on wednesday. What are we watching for in asia . Paul well, at the moment, we have the market open, new zealand that has been trading for a little over one hour. It is currently weaker by 1 10 of 1 . In australia, everyone back to work after the public holiday. Futures poi
Democrat, were willing to accept extraordinary disadvantages to american jobs. Billionaire telling the fed, they are, quote, screwing savers and says donald trump is wrong for his attacks. The president is doing a lot of wrong i wrote down yesterday, i said Consumer Confidence is up, retail confidence is strong, consumer net worth is at record levels, economy is growing at trend. Rbs investors welcome allison rose to become the first female ceo of a major british bank. Sterling hits a twomonth high after they say a brexit deal is possible hes open to a deal that might replace the irish backstop good morning the u. S. Vice president mike pence told cnbc at the alpha conference that President Trump is defending economic interests as they resume trade talks in washington, d. C. Today when it comes to china, it is a whole different ballgame we run 500 billion trade deficits with china and we estimate we lose almost as many in intellectual property theft almost every year. What the presiden
Stuck in a slump. The winning streak comes to an end. More pain from protests in hong kong. Retail sales and Hotel Occupancy tumbled more than 40 . Check lets get a quick of the markets. We are seeing u. S. Futures gaining a quarter percent but this of course after we see all saw the s p 500 fall the most in a month. Every session was in the red. Week manufacturing number this morning. Industrials let the declines, not to mention we had banks under pressure as was our rates move lower towards the 1. 6 for the 10 year yield. Volatility was also pronounced. We saw the vix headed towards the 20 level. It is known for price swings. It could be one of the most volatile months of the year. Lets see how things are shaping up for asia. Selina asian stocks look to be pressured by the weak manufacturing data after the u. S. Reported which of course follows very weak did any Manufacturing Sector we have seen across europe as well as in china, japan and south korea. Take a look at the futures. Loo
Worlds biggest processing station in saudi arabia which will be affecting a crude oil supply. President trump announcing a few moments ago he will allow release from the strategic result Petroleum Reserve to stabilize oil prices. Shery look at brent crude prices, surging above 70 a barrel. We are seeing a surge of 19 at the moment. We have seen brent and wti being pressured in the last week as we continue to see this demand going up, really clear given the ongoing trade war, print has fallen rent had fallen last week really clear given the ongoing trade war. Fallen last week. It is up 19 at the moment. Look at brent prices. We have seen huge moves when it came to prices of oil, given the ongoing tensions when it comes to the u. S. China and macro narratives as well, not to mention these are International Energy agencys warning of it agencies warning of a surplus of crude. Down 16 . Crude prices are up 12 . 61 aice of wti above barrel, around the 62 a barrel. When it comes to wti, we co