Back. Esident trump hits he says that his tweets are enough of a notification for congress. We had a volatile day on the oil market on friday. Result as this is the the reaction. What you seeing as asia and markets get ready to open. Areathleen, stock futures pointing to london across the board. On the radar, we will have react to be from japan and hong kong. Very muchts in iran set to dominate the picture. Al at 2 , saudi since at the lowest level selling its kuwaiti stock. Performinge best gulf market of last year. Jumping in to check in on the yen. We are seeing a continuation of fridays advance. It is trading at the highest. Evel since october the aussie dollar being weighed against the yen. The flight to safety very much continuing. It edges closer to a sixyear high. The 10year yield under pressure. The aussie bond reacting, curve flattening in australia with the 10year yield off as much as 10 basis points. Is where traders are bracing for more volatility. Lets get you live pictur
Leading losses. One thing not on sale this black friday is apparently health care. Boris johnson says he would walk away from a u. S. Trade deal if it included the nhs. We are 30 minutes away from the start of the european trading day. Welcome to the program. It is 7 31 here in london. This is what the futures look like at this hour. They look weaker. We are expecting the fall of the Asian Session into negative territory. It has been light in volumes. The markets were closed yesterday. Today, we see a shorter trading session as a result. Do not expect to see the volumes that are normal. U. S. Futures also pointing downward. Clutching our ongoing concerns around trade, so lets think about where we have been in the Asian Session. Lots of interesting theories as to what is going on. There is a narrative around trade. We talked about how trade tensions, and particularly President Trump signing that bill around hong kong, how that threatens to weigh on the conversation. That was an issue ye
Capitol Hill Facebook hashares down 10 in te past three months. The risks facing the stock all in on apple. Two big price hikes. One, a new street high its our call of the day microsoft earnings after the bell the stock outperforming all the fangs over the past one year the traders take their positions. Halftime report starts right now. Good to have you with us on this wednesday our investment committee, joe, stephanie, the brothers najarian were going to monofacebook. A hearing going on on the hill there mr. Zuckerberg another big dayfor earnings steph, you own caterpillar missed they cut guidance. China story. This is b about weak demand in china . Well, it is, but nothing theyve said today was surprising and if you look at the sell and buy side, earnings estimates, theyre around 11 so the midpoint rath eer is about 10 48 so its not that much off. They destock 1. 2 billion of invenntory in a years time. I like the risk reward and the stock reaction is telling you everything you need
Both sides did hold phone talks adding recent contexts dont have the significance that the president suggested. President trump and treasury secretary mnuchin were asked about that report and here is how they responded. I dont know what you mean by that low level, the vice premier is low level, i dont think so. What is the position of the gentleman who was quoted in the newspaper today . Came out with a very significant and we communicated the vice premier of china thats not low level. I agree the statement that was spoken before me was are you ware of the calls happening . President trump and his french counterpart Emmanuel Macron will hold a joint News Conference, perhaps as soon as half hour from now well see. When it is held, of course, we will go live to it a lot to digest this morning i guess first thing i would share to you to bring it back to the markets, making my usual calls this morning of a number of asset managers, you get a resounding theme, which is this is an untradable
Risks to your money this week and in months ahead. The major averages under pressure still about 1 from all time highs which we have not seen since way back in july the dow is on track now to snap an eightday winning streak. Down about a half percent for the dow. Loss mitigated a bit power lunch starts right now from the would you say to wall street and oil hubs like houst houston, texas we have our reporters on hand to break down the impact. Lets start with eamon. Reporter were getting some headlines that are crossing the wires a about the iranian leader who is speaking in turkey right now. R the attack on Saudi Arabia Oils facility was assault on yemen. This is the president of iran suging that these attacks were carried out not by iran but by the yemeni people. They are exercising their legitimate right of defense. The attacks were a reciprocal response a new wrinkle there as iran has been blamed by some in the u. S. Administration for conducting these attacks. The president hasnt n