And volatile session the. 5 rate cut by the fed morning doing little to calm markets. Maybe exj rating the selling dow giving up half of mondays gapes at the end of the day down 785. Keep this in mind. The dow is now down 3,500 points from highs of less than a month ago. Stocks of course a story but the big story of the day was the bond market. Holy smokes. Bond yields continuing to fall on the 10year, in fact the freefall at 2 00 p. M. Eastern time at 0. 99 . The drawing is not good but you get the point. Under 1 on the benchmark 10year note we have never seen that before buyers not just coming into bonds, also flocked into gold and the gold mining stocks the precious metal up 3 the miners even more the gdx, a gold mining dpks index up 5 today. If you tuned in last night we hope you did everybody around the desk said they were not buying into the gains. In fact, guy adami i believe you said well rally to the 3,500 on the s p 500 on fail you nailed it what do you think of the markets n
Coronavirus negatively impacted travel and tourism and that while Manufacturing Activity expanded in most regions, some supply chain delays were reported due to coronavirus. In cleveland specifically firms noted weaker demand because of the 737 max production stoppage and concern over the coronavirus impacting supply chains. In boston one retailer said inventory levels were being impacted by the virus, which slowed production at some cheese manufacturing plants also in cleveland a number of manufacturers reported weaker demand from china weighing on Commodity Prices in st. Louis contacts were concerned about what impact the coronavirus will have on Commodity Prices and agricultural purchases several districts said producers feared further disruptions in the further weeks. In richmond there were concerns about coronavirus lowering imports of inputs and retail goods from china in the coming months only the chicago district noted little affect to date from the virus. Now, employment incre
Paralyzing hong kong and goldman responds and burger king launches the new Meatfree Burger overseas. You were hoping for a little billy idle at 5 01 in the morning. Thank you for being with us this Tuesday Morning. A little cold out there. The dow is up 18 and it might continue to rise futures are basically flat they came up about 35 or so. Basically up by 10 right now weve had nine record high closes if we get a little momentum here, could be the 10th. As stocks go up, yields go up as well people selling the bonds the benchmark creeping closer to that 2 . In asia, japan, youve heard us talk about it for weeks now. That market higher the nikkei up there. Inching toward the 2018 highs as well despite the unrest in hong kong. Continues to rise. In europe, there is a lot of green on your screens this morning. All the five major averages are higher today markets around the world are up. We are going to get more on all of these markets right now lets get to the biggest release. Disney plus
houthis sites in yemen the second wave of attacks on a round back to proxies in the middle east. it comes at the u.s. launched a live spread campaign across iraq and syria overnight. those strikes retaliating for a drone attack in jordan last weekend that killed three u.s. service members and wounded dozens more. critics are asking if the response will truly deter an increase also iran is the white house tries to avoid an all out war. good evening i am jon scott and this is the fox report. . jon: would be a fox news team coverage of mike tobin live in tel aviv, israel with a reaction from the strongest middle east ally general jack keane on the effect of the u.s. retaliatory strikes but first lucas tomlinson live in las vegas where the president will be campaigning this weekend. what more do we know about the joint effort between the u.s. and the uk? john is the largest airstrike in yemen by the united states and its british allies since the october 7 massacre against israel
Opec supply cuts will tighten the market. It is labor day in the United States and canada, the regular band is out for the holiday and ive taken over for the interim period. A little bit of visibility of what is open. What we know is currently offline are the cash, u. S. Equities and theres also no cash u. S. Treasuries. Many firming up by 1 5 of 1 . The folks at jp morgan and Goldman Sachs making an argument around the story. In terms of valuations those are looking stretched. International equities more attractive. The twoyear german bunds with the country selling 5. 5 billion euros of twoyear government bonds thats coming up at the beginning of this month. A weaker greenback and then brent crude hovering short of 99 a barrel. Lets set the scene with assets in china. China builder shares surging with the nation boosting property support. Shares advancing 8. 7 . Weve taken the real estate index after the country cut down payments for homebuyers and encouraged lenders to lower rates on