Territory was not used to launch these attacks the statement went on to say that iraq sort self as having a vital role in trying to diffuse this crisis its fair to say though that this tension has escalated in recent months between the u. S. And iran a lot of attention is being paid towards certain very powerful armed groups in this country that are backed by iran that support iran here the socalled Popular Mobilization forces that were set up in 2014 to fight i saw were integrated into the Iraqi Security forces in 2016 and theres been as i say a lot of questions as to how they would respond to any kind of potential military escalation by the u. S. Against iran or iranian interests now there has been no official statement by the Popular Mobilisation forces in relation to this Current Crisis the Iraqi Government is very keen to stress that iraq is very much doing all it can to diffuse this crisis but of course this major u. S. Ally iraq its biggest regional ally is iran iran has a huge
The white house says there is no chance of meeting halfway. Victim of the trade war, with lackluster sales. They are putting upgrades on hold. Lets get you started with a check of the markets, the dow falling on the s p 500 sinking almost 3 , every sector on the s p 500 in the red. Of course, the yield curve invert in briefly for the First Time Since 2007, recession fears again, giving some anxiety to investors. Wti continues to be under pressure after the u. S. Session losing almost all of the gains from yesterday that we had after we u. S. Tariffs delay, and had the yen, treasuries surging in the u. S. Session. Take a look at yields, because the 10year yield fell towards that 1. 5 level. We also had the yield curve inverting for the First Time Since 2007. That was a brief inversion in the morning session. Not here, but the 30year treasury yield also breaking a record low of 2. 09 . Futures are down 2 10 of 1 , so lets see how markets are shaping up in this very riskoff session. Braci
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
Cooler numbers marks the fed has reached the end of the hiking cycle. And siemens has a net quarter loss the ceo tells cnbc it will take years to work through the challenges keep in mind the charges are provisions for the future. We expect this over the next year to evolve and it will take us twotothree years to work through this of and berkshire jumps to 150 billion with Warren Buffett posting a 7 rise with chevron paying off for the oracle of omaha. Very warm welcome to street signs and special because it is the first time in over a month were back together. We calculated it. Five weeks we havent done the show together. I missed you. I missed the show. It feels good with that, i guess we should talk about aramco. A hard pivot. Lets get to it. The earnings do continue to roll in this time from aramco with 40 plunge in Second Quarter net profits with low oil prices with refining and chemical margins. Dan has been pouring through the numbers. Dan joins us now dan, it looks as aramco wea
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