Out, be ok very much in the mix. They are done with one. Have a look at this other chart. The question now is when do they follow up with the first rate hike in six or seven years . When you look at the spread between the three year and seven day, you still look at real rates which is the bottom one, still negative. You would assume that this one corrects both for the middle. Which essentially means either they hike once more which is or inflationthinks picks up which of the be ok says they will. At these, it does seem they are not done hiking rates. The question is when and whether or not the bond markets will listen. While we are talking about this, one is extending its losses as the governor continues to speak. Sophie has been tracking the moves. A lot to be thrown today. Dodging quite a bit. They have been able to resilient in the face of north korea. We have seen the korean won stick below that 1100 level for some time. As the governor spoke, we saw that slump in the korean won de
Points s p turned negative. Down by lows to 3 points the nasdaq down by 72 points this morning a mixed bag again dow futures indicated up by 43 points s p down by 3 points the nasdaq down by 27. Overnight in asia, the nikkei ended down by 0. 3 the hang seng down by 1 shanghai down by 0. 20 in european trading, ret arroir across the board, though the ftse is at the flat line lets check out currencies yesterday cruel oil prices were down 1. 5 . This morning the dollar is up against the euro at 1. 1862 dollar yen at 112. 45 Republican Leaders in the house and senate are racing to merge the tax plans and send the bill to President Trump before the end of the year. A Conference Committee plans to reconcile the two pieces of legislation starting this week among the differences the house has four individual rates, the senate seven the house cuts the corporate rate to 20 right away the senate waits until 2019. The senate repeals the individual mandate while the house doesnt. Another point of p
Around 11 50, the gop released an fbi memo a lot of people are skeptical whether that would have any influence on the market. We moved down a few Percentage Points say its a small impact. In the midday yields started picking up around their highs, and weve been cascading lower ever since then. Lets put the vast majority of this clearly on yield concerns all 30 dow stocks have been moving to the downside, but weve seen some interesting moves of major stocks. For example, when was the last time you saw Goldman Sachs down 10 . Thats the biggest point decliner were seeing right now. But even some other big market leaders are down, notably. Boeing is behaving relatively well with the market down better than 2 . Boeing is only down 1. 7 still, its such a big stock, down six points. Thats 45 points in the dow. Then we have some earnings things coming out a little bit exxon was a bit of a disappointment on its earnings today. Thats down 6 even then, even with the lower priced stock, thats abou
Their losses. The shenzhen composite fell more than 2 . Earlier this month, china plus government took unprecedented steps to bolster its stock. In greece, the latest talks on a bailout have begun this morning with the disagreement. Prime minister Alexis Tsipras says lawmakers have approved austerity measures, the creditors disagree. They say more reforms are necessary before greece can get any of the 95 billion worth of aid. Donald trump is worth 2. 9 billion. The celebrity president ial candidate has said he is worth more than 10 billion. The bloomberg billionaires index shows that the majority of his fortune comes from real estate holdings. Bp has reported his slowest quarterly profit in at least 10 years. The British Energy company has been hurt by the end of the boom in trading. The conflict in libya forced bp to write down almost as hundred billion dollars. Brent oil is 20 below its peak in may. The newest book from dr. Seuss has hit stores today. What cap should i get . Is the f
Countdown. Lets start with twitter and the roller coaster that was the share price. The initial reaction to the number bound bounce was positive, jack dorsey started to speak candidly about the shortcomings of the business that is when investors started to rethink and the stock fell. Fascinating roller coaster ride. Lets talk about what has happened in the u. S. More broadly u. S. Stocks calling time on the longest losing streak since january in yesterdays session. Stock was up, better than estimated reports. Ups, pfizer ford, coming in better. It paints a positive picture so far. Mma in europe talks yesterday help as well. Lets move to the question the morning on twitter, whats could threaten the m a wave . You could find me on twitter. Lets talk about what is happening in the asian session. Over to china now, as the countrys equity index swings. Our market reporter from hong kong joins us for the latest. Juliet it has been a fluctuating market. Asian markets followed in general, that