[music] the World Trade Organization warning that restrictions on are at their secondhighest level potentially on record. Oecd also warning on u. S. China trade tensions. They have held a conversation, at least talks aout talks, ahead of potential president ial meeting on saturday. Theyre having those ahead of osaka. Meanwhile, we talked about how markets are drifting. Higher here for the asiapacific. Were still seeing optimism to that meeting between the u. S. And china and japan. Up about 1 10 of 1 . Not thaty story, interesting here with your u. S. Futures here. Were slightly higher here after we reached those record highs, came off a bit in the last couple of sessions. It is that dollar story that continues to weaken. Moment of truth as jeff said, when it came to the broke belowr we that average. We did see the dollar weaken thenst most, except for japanese yen. The wan, still the big beneficiary of this. Were talking about april highs for the currency here perhaps on ais trade opt
Ashley thank you, charles. Im ashley webster, stocks are slipping as we kick off the final hour of trade, where we finished the day, the doubt up to snack a 3 day winning streak, falling below 39,000 as you can see, 200 points, the s p, nasdaq on pace for a second day of declines in a row but keep in mind all three major averages remain within striking distance of records, less than one below alltime highs. It is all relative. Rising bond yields putting pressure on stocks, 2 year treasury yield is the highest level in three weeks, 6. 3 basis points, 10 year treasury yield rising for the fourth straight session, 4. 3 as the market digests a wholesale inflation report. Investors in spring their timeline for rate cuts and the potential for a higher scenario. We also have retail sales, the report came in later than expected but at least sales did rebound after a steep decline in january. One retailer thats firing on all cylinders, dicks sportinggoods, stand out retailer on this session, up
supreme court, that donald trump is constitutionally disqualified from being on the ballot in the ste primary. the opinion pulls no punches. quote, president trump incited and encouraged the use of violence and lawless action to disrupt the peaceful transfer of power. the tenor of president trump s messages to hisupporters in exshorting him to had an option to fight back. the cavalry was coming to find. here s where the colorado state supreme court went further, reversing the lower court s finding that donald trump doesn t qualify as a, quote, ofce under section 3 of the 14th amendment. section 3 of the 14th amendment is a civil war era amendment to the united states taken an eat from various state and offices. it rules that the founding officers backed that up, writing americans have referred to the president as an officer from the days of the founding fathers. this is seismic. this is unprecedented,nd this is very, very likely destined to go before the supreme court. no
Dow on track for the worst month since january. Icahn the latest the step down as an adviser to the president and now looks like there maybe communications with all of that and another shot fired in adps ackman battle. Well break down what that means. Four week losing streak for the nasdaq and given sort of these levels here. Not surprising that the dow is on track for the first month since january. I have been watching and reading and theres people that feel that a 2 correction was warranted. Thats not a correction. I mean, we had a meandering. Things have been good. Theres things like foot locker that are devastating things like estee lauder its just hanging in there oil tried to put a bottom in on friday news camp was good for oil but that was the most noteworthy thing that i saw obviously the bannon news was okay cohen in and banno out. The failed socalled bannon rally bother you. Not at all. Were at a moment where theres more people taking vacation than usual. These things i know
Strong, he says september. Is he over 200, it has to be or. I thought he said 185. So as long as you hit that. I believe so. Which is the whole thing is bizarre because the jobs number is readvisable by 100,000 jobs every time anyway. Details, brian. If you get anywhere between a d plus and aminus, im going to. Thanks appreciate that fed. Lets check out overnight this asia. At least in japan looked like the market was up 1 . Markets were mixed in china. Hang sang was down less th than. 20 . In europe in the early trading right now, at least at this point, things are mixed. The cac is the biggest gainer of the major averages. The ftse and dax are slightly lower. In italy stocks are up. Abex up. 80 . Crude oil prices. Crude oil is a little lower. Right now down only by about 14 cents to 46. 21. Among top corporate stories. Deutsche bank had considered a merger with commerzbank in the past. A deal would combine germanys two top lenders. Played down that report saying he doesnt think a mer