China is accused of faking virus data. And oil slumps yet again. President trump says he may intervene in the standoff between saudi arabia and russia. Taylor lets get a check on how u. S. Stocks ended the day. We opened up to the downside. Off by 4. 4 . The biggest selloff in two weeks. Really acrosstheboard. All of the defensive sector selling off. There was some concern for the market. Perhaps some optimism as the selloff on wednesday could reverse some of those if you think futures are up. I want to flip up the board because it has all been coming down to these oil markets. Haidi we are setting up for that negative start to trading in asia. We are looking at japanese and korean futures. Weakness here in sydney. Looking at the degree of the trading, down more than 3 . Watching out for the kiwi dollar and aussie dollar. Taylor a press conference is happening now. President trump is warning that malign actors will try to exploit the situation. Naval vesselsg and planes in the region.
3. From new york to frank for, Christine Lagarde heads for the euros ofs slowing and the need for fresh stimulus. Shery lets get a quick look at how the markets closed in the u. S. Stockmarkets removing with between gains and losses throughout the session before moving decidedly higher in the last hour of trading or so. We have the s p 500 falling to session lows when we heard from cleveland fed president Loretta Mester talking about the fact she could not support a rate cut. We saw a estate, utilities, communication stocks pulling the market higher. The s p 500 closed 3 10 of 1 higher. It was a session of low volumes. We are headed towards a july 4 holiday and not to mention that trading will help only during the morning session. We have seen a little bit of light volume in this session. Not to mention that we have a lot of ecodata coming around the holiday, including the labor report on friday. Take a look at tesla. This was one stock that moved with a surge in late trading, gaining
Trade unions advance strike over labor reform plus. We meet the musicians hoping new visas will rocket them to international stardum. We begin the news hour in iraq where the finance minister has told al jazeera that mosul holds the key to defeating the Islamic State of iraq and lavonte and we will go to jane and she is live from the capitol baghdad, swha the finance minister been saying, jane . He has been saying with other iraq officials that they are on the defensive with reconstituted forces in battle with them but i. S. I. L. Holds the key city of mosul and its the capitol of their self declared state and its where they are acting as a de facto government and say its a long, long fight and cautioned against being hasty in retaking mosul but the man that is actually from mosul saying that planning is imminent and could happen before we think and what could be the biggest urban fight. I think the key is mosul. And its where mosul Security Forces collapsed or evaporated and this is w
With five other world powers and iran. The selfimposed deadline is today. It statement is expected once russias representative returns. He is sounding more optimistic about the process. One can never be sure with anything 100 but if nobody makes the stakes too high and tries to benefit or get some advantages at the last moment, i believe so far the prospects are rather good. Betty the ultimate deadline for a deal is june 30. The Prime Minister of greece is seeking support from his opponent so everybody can be on the same page on the bailout issue. He wants opposition lawmakers to biacks plan for ending austerity. We want a new agreement for development. A new agreement that must have been necessary restructuring of the debt because no country when it has a debt of 180 of its gdp can safely come out to the markets. This is the sour truth. Betty greece and its creditors are far apart. European Officials Say the proposed reforms do not merit more bailout money. Everybody complains about t
Stocks Erase Losses As Bonds Flatline, Oil Slumps Ahead Of Friday's Jobs Report After a chaotic Tuesday and a Wednesday which Rabobank's Michael Every said…