The focus shifting from Central Banks back to trade ahead of the g20. President Trumps Administration up in the antiby blacklisting another five chinese tech companies. Yvonne perhaps dampening the prospects of getting any kind of deal at the g20. Seems like when it comes to the oil market this escalation of tensions with iran, it perhaps is offsetting what we saw last week on the markets. A lot of uncertainty on the geopolitical front. David on one hand you have that of grants. Terms great headline here out of bank of america. They released her latest report. G20 plus fmoc equals perhaps a good formula for ef. We are flat on the benchmark. Coming off three weeks of gains for global stocks. Four weeks of gains. Study in the treasury market. Flip the boards and look at where we are on the currency markets. Also on china. Where are we here . I am looking at a lot of the pairs. Dollar is still on the back foot. South korean yuan topping the list earlier. Looks like we will have a mediocre
Friday following the jobs reports and the apple drag in the amazon drag. Asia though, we are coming off a little bit, if youre looking for us in aligning. 167 on the benchmark right now. A little bit of a pickup following the china open. Indonesia coming online. Hang seng is flat. Oil is very much in focus today. We are coming off a little bit of highs earlier on. We are getting some upside as far as the shanghai contract is concerned. You are getting a followthrough move in wheat prices in the early goings this monday. 2. 5 , 650 a bushel on wheat. Conversations around no recession, soft landing, no landing. Yvonne yeah, you have u. S. Funding needs versus what the demand for bonds overall being weighed on the back of what we saw last week. One of the worst weeks when it comes to global bonds as well as stocks. For some time now, its the start of something. Certainly want to watch. Especially when you are starting to see china not really emerge from this postcovid recovery in the way
Which is red again too. A few moments ago it was green. This is the big story. Questions about whether its topped, an unwind is coming. We havent seen you in a few weeks. Youve been trimming this name like many others. Yes. We owned this name for a long time. When a stock doubles a relatively big position in three months its prudent to trim. We trimmed. Its okay we still own the stock. It has the perfect set up right now. Buyers with a lot of cash flow, concentrated positions. Too little capacity, too much demand. We think it theres nothing to stop it in the near term. But from a longterm perspective its prudent to take profits we think. Price target to 1200 from 900. As the stock has elevated the chase has continued on the street. You keep getting price targets going up up and away. Im wondering how you view the stock, if you view that as a moment that was 100 higher on friday, and then the reversal, whether we need to Pay Attention to this stock more than any other in the market. Unf
President biden visits stormdamaged parts of florida. That states governor was not by the president s side. Bearing down on taiwan, a powerful typhoon could be the first to make landfall there in four years. And war isnt keeping these kids from going Back To School. Students in ukraine face another year of books and Bomb Shelters. We begin this hour with Extreme Weather and those enduring the effects of what is more and more becoming inescapable events. In the wake of hurricane idalia, President Biden visited florida Saturday Viewing Damage by air and on the ground and met with those impacted by the storm. At the same time, a massive typhoon, equivalent of the category 3 hurricane, is barreling toward taiwan at this hour. Its set to be the first typhoon to make landfall there in four years. At the same time in the state of nevada, Extreme Weather has stranded participants at the popular annual event called The Burning Man Festival. Left it looking like a mudcovered dystopian nightmare.
Popularly called, nikolai ugodnik, who is considered one of the most revered saints in the whole world. Yes, people remember him constantly, several Church Holidays a year are dedicated to him, but the main thing is celebrated twice. May 22, that is, today nikola veshney calls this holiday and december 19, nikola zimny. Saint nicholas the wonderworker is the patron saint of sailors, travelers, and children of merchants. Yes, by the way, in the old days people noticed that after nikola veshnev, nature came to life. Literally before our eyes, although, by the way, everything around us has been blooming for a long time and smells, but i think that its all due to climate change, global warming, yes, but certainly other folk signs will definitely work today, they say that if dandelions have not opened during the day, then rain will soon be possible, if starlings have begun to fly in flocks from one place to another, then the weather will soon will change, i want to believe, well, for the be