Another 75 billion on repo operations as investors expect a cut in Interest Rates at todays fomc meeting. Damaged goods. Fedex delivers the latest warning that the trade war is hurting americas corporate titans. Larry kudlow says progress is being made on u. S. China straight you. As saudi arabia attempts to move beyond the worst Oil Disruption in its history, saudi aramco says it will be fully back in business soon. September, ourf gate will be at capacity. Matt good morning. Take a look first off at a onemonth chart of treasuries i have got here in my terminal. I took friday, monday, and tuesday off, so i missed this peak. 1. 9 . Ped up to thats one of the things we will be talking about today. We are all over the repo issues, also a big peak, a much bigger spike over a shorter time period. Take a look at the futures. We are looking at a negative yearre in terms of u. S. 10 in terms of equity futures. This follows gains yesterday certainly in u. S. Stocks as we get closer and closer
These are your markets with a little bit of uncertainty because of a drone attack in saudi arabia over the weekend. Trying to figure out the implications for the middle east and geopolitical tensions. This is what we are seeing in european stocks. Crude oil off the highs we saw the last couple of days where it surged from 17. Press conference from Boris Johnson yesterday, a little bit of weakness when it comes to pound. Watch out for the Supreme Court hearing. We are expecting it couple of days but it starts today on the thingsy of some of the parliament but also the government are trying to do with brexit. Economic nobelhe prize winner coming up at 11 a. M. London time. Lets get the first word news. Vivina in the u. K. Is where we begin. The Supreme Court starts hearing the case against Prime Minister Boris Johnsons suspension of parliament. At the center of the debate is if the decision is a matter for the court. The court may not rule until next week. President trump says the u. S.
Fbn a. M. Starts right now. Glory days. Well, theyll pass you by. Glory days. In the wink of a young girls eye. Glory days, glory days. Well, theres a girl that lives up the block. Lauren welcome to fbn a. M. Good morning on this wednesday. Im lauren simonetti. Cheryl good morning, everybody. Im cheryl casone. Lauren lets take a look at how your money is moving after a monster rally yesterday. We do have a retreat this morning, dow futures down 102, nasdaq giving up 29, s p down 10. Cheryl we did see a fall in bond prices yesterday on news of the tariff delay. Yield on the 10 year right now is lower by 5 basis points, a little bit of a boost this morning. Folks want to watch this on to todays market. Lauren as we continue to watch what goes on with iran, the price of the u. S. Dollar, we do have oil pulling back by 1. 3 , 56. 35 a barrel. Cheryl chinas economy weakening even more. Real estate in particular. Taking a look at asia, despite that news, there is green arrows across the boar
Ban on huawei. Grounding may have serious implications for boeings future credit worthiness. Shery lets get you started with a quick check on how markets closed in the monday session in the u. S. 3 , as we rallied had tech shares leading the gains. The Philadelphia Semiconductor index up 2 . We had some positive trade news on the u. S. China front, not to mention a time of earnings and analyst calls. Apple being the biggest win on the nasdaq, up. 7 , with Morgan Stanley boosting its price target for the stock. We had Energy Shares gaining ground with crude jumping the most in more than a week. Tensionsanu. S. Ongoing in the middle east. Lets see how things are shaping up for the asian market. Pointing tores are modest gains in toto, sydney, and seoul. Tech firms very much interview with optimistic call travel and macron plus micron plus. On the koreajapan parade fund, governmentont, a official from south korea reportedly said the country is preparing a plan for a Semiconductor Test to
Money,. And with retail earning season about to kick off, we start off with potential to believe the death of the consumer has been greatly exaggerated. Bank of america upgrading the discretionary sector an overweight from an underweight, laying out a host of reasons growing hopes for a soft landing, no recession means more consumption, they say. Plus, consumers biggest debt burden, their mortgage, are in fixed low rates. So, not subject to moves and bond yields. Analysts highlighting rising real wages and earnings beats in the discretionary sector should this signal we are in for strong reports next week guy, maybe were just too worried about the consumer, everything is just fine in consumerland. I wake up for it, mel i know. I understand why theres reason for optimism without question u. S. Consumer will always spend if nothing bad is going on and i always view it through the lens of the stock market when theres an event in the stock market to the downside, thats when Consumer Behavi