Investors are not so sure. A Virtual Reality platform picked up for oculus. We are live in san francisco. Lets get to sophie forecheck on markets. Sophie aussie shares are unchanged after a threeday gain. Kiwi shares building on gains after topping 11,000 on tuesday. Nikkei and cost be futures kospi are lower. Slide despite the enthusiasm we saw for alibaba shares, which closed about its issuance price. Lets check on housing bonds, which are gaining ground after the rba governor the move tracking treasuries. Aussie yields falling 35 basis points across the curve. The three years left below the rba cash rate. A bond rally expected to push the 10 year to 50 basis points with unconventional easing expected in the second half as the australian economy slows. The kiwi holding its threeday gain. This morning, we heard from the rb governor. Mentioned rbnzso is working with westpac after the findings in australia. Paul thanks very much. Lets check in with first word news. Chinaly indicators sh
I love all three of these people. Individually in different ways. Again you all bring such intelligence and such insight. In rigorous honor dash mike honesty to the conversation. Peter teal who spoke with maria on google. The radio host a. M. 970 and saturday night live alone on the canceling the movie of the hunt. In the Energy Analyst global head. You dont want to miss any of these coming up. U. S. China trade. The economist saying that fears of a u. S. China trade war are increasing. And that they no longer expect a trade deal before the 2020 election. President trump threatening to impose a threat on september the first that would mean that every dollar of imports into this country has a tariff on it. Protest in hong kong still ongoing with over 100 Flights Canceled at the airport today. This is a rough start. What do you make of the Goldman Sachs call. I was talking to a bunch of traders who in an observation the trade war is not impacting just our economy but impacting all global
Without getting technical, the shift in Interest Rates has raised the risk of recession. Bad news for investors. The dow is going to be down 370 points. That means we are down about 1,000 points from the middle of last week. The s p 500 down maybe 45, 1. 5 , and the nasdaq, thats on track for its longest losing streak in three years, down bigtime across the board. Look at this. Talk about a flight to safety. Money pouring into u. S. Treasury bonds and yields are tumbling. The tenyear, the benchmark Interest Rate, now yields just 1. 78 . If theres any Silver Lining here, its the likelihood of even lower Mortgage Rates in the immediate future. The price of gold, that is a sixyear high. That is also part of the flight to safety. Bitcoin, bitcoin, money is flowing in there, too. Its back to 11,800 per coin, up more than 20 in the last week. Heres what we have to start the new week. A currency war, a prolonged trade fight probably, a stock market selloff bigtime and a universal flight to so
Author jeff quinn. You open your most recent book, waco, with this quote from rick perlstein, the historian. A fog of crosscut motives and narratives, the complexity that defies storybook simplicity at a that is usually the way history happens. I think the quote is the most cogent of ever heard. Rick does a tremendous job himself and its true. Know historic event happens in a vacuum. Its tied to many other things. And thats the fascination in research and writing on narrative, nonfiction, history. What i read a quote from you as well, and this is from 2021 in the cleburne times review. A lot of people no longer want to buy nonfiction to learn things. They want nonfiction books to reflect what they already believ want books to reinforce their opinions. They want books that tell them everything they believe is absolutely right and that the other side is even worse than they thought. If you take a look at the bestseller list for nonfiction, for the last several years, theres three categor
Author jeff quinn. You open your most recent book, waco, with this author jeff guinn you open your most recent book we go f with ts from rick perlstein. A far crosscutting motive that defies storybooks simplicity, that is usually the way history happens. I think that quote is the most cogent ive ever heard. Rick does a tremendous job himself and its true no historic event happens in a vacuum. Thats the fascination in researching the narrative nonfiction history. I want to read that quote inu u. S. Well and this is from 2021 and in the plea burn times radio. A lot of people no longer want to find nonfiction to learn things. They want nonfiction books to reflect what they already belie. They want books to reinforce their opinion. They want books that tell them everything they believe is absolutely right and that the other side is worse than i thought. If you take a look at the bestseller list for nonfiction for the last several years there are three categories generally representative. T