Heated tone from the u. S. And china. Financials, semis and industrials are all lower and full Team Coverage coming up dom chu is tracking it phil lebeau with details of on headache for boeing. Market down 333. The low of the session 425 down. The dow higher this session down 205 and red throughout the session as you can see sharp selling. Lets bring in Rebecca Patterson with us for the full first hour of the show. Good afternoon whats the spark again for the selling . Last week a nice end to what was obviously a negative month of august. I think what it boils down to is its not about the cost of capital. It is not about the level of Interest Rates, the stimulus it is the confidence to spend so we can make Interest Rates as low as you want but if you dont have companies and households to borrow and take that money and buy something with it, whats the point . Thats the conundrum we saw it in the trade rhetoric today. It is eroding confidence thats driving us right now. Can the fed or Ce
Markets for you, optimism and prevailing on the prospects of a new ecb head. And, staying focused, we will be hearing from the founder of a popular mindfulness app which has gone global, also, we are looking at children, and when they start to develop money habits, apparently, good and bad, they start learning by the age of seven, so we want to know, when should you start teaching them about money, seven, is that the right age . Too young . Get in touch, use the hashtag. I remember getting pocket money, saving up, does anyone do that anymore . Get those tweets coming in. The us will reveal its latest trade numbers today as its spat with china rumbles on. President trump has made reducing americas deficit a key priority. In april the deficit narrowed to just under 51 billion. But it wasnt just imports which fell american exports dropped dramatically the biggest fall in three years. Some countries have benefited from the trade war. Mexico, the eu and canada have all seen their exports to
Here, we take a deep dive into the National Security and market implications, this is breaking as we speak. Meanwhile u different kind of war breaking up between makers of imitation meet, beyond burgers under attack as the vegan meet darling watches stocks soar and competitors roll out new products. Does the veggie burger super star have what it takes to sustain in the space, matters of the stock, find out in just a moment. From fake meet to fake videos, threat to american businesses, facebook dealing with video of zuckerberg, how can you protect company from deepfake video that could possibly create pr nightmare and ruin your business. Cyber responses, joe lumas has the answer you need to hear this u it could happen to you, on wall street oil and energy propelling the energy much higher, s p better by 7, nasdaq dumping 34, we have oil, still trading above 52 a barrel. Less than an hour to closing bell, lets start the countdown. Liz breaking news, secretary of state just made a dramati
Until the close, cnbc contributor stephanie link from tiaa a nuveen company. Welcome, stephanie thanks. Energy doesnt usually lead this market but is today on the oil bounce and questions about whether thats sustainable and given sort of the scale and increase in tensions whether the move is big enough to bring back the sector and commodity trade i dont know. I really dont because its been a tough industry for the whole year. For a whul of years now. So this is really more a supply issue concern. I think the Biggest Issue for oil are demand and the demand environment has been slowing and the revisions have been lower. So with that as a backdrop this might be just temporary. You would have thought oil would have been rallying much more than it did. I spoke as well about 20 minutes ago to one of the senior traders at one of the major investment banks and said was pleased to see the algos didnt disrupt the market when pompeo came out and clearly blamed iran on that. That could have been a
Walked in on that. Cannot be and yet there were days. When a home to him. While he was on and her and looked up with. My own father started. The project known as gaza marine took this unusual do diction right to from the start whats more it emerged that in public its made him miss how. To negotiate with the british guests. But behind the scenes other Palestinian Authority members were holding separate secret negotiations with the same company but under different conditions. That i had no. Back then the friend. That we had batted home method yet for now we are forward but i like to have an. Economic yanni who would get. Well before. They have a shot at all or. On the 19th of october 1909 the Palestinian Authority there be a signed a contract with the british gas. But the deal terms it contain for all 4 signatories were quite controversial. The contract said that the british guys would receive 60 percent of the gasoline use verb the consolidated Contractors Companies would get 30 percent