Prompted money guys to were in his camp. Neil the dow up 250 points. Edward lawrence what might be the fierce of all this an extended trade war. Reporter the president in almost a News Conference before he left, uploaded some very critical thoughts about a trade deal with china. Listen. Were talking with china. Were not ready to make a deal. Well see what happens. Weve been hurt by china for 25, 30 years, nobody has done anything about it. We have no choice but to do what were doing. Reporter the president upping the ante and pressure on the chinese economy. He says no u. S. Cop will do business with huawei. That will halt of process of 35 Companies Going through for a special license to sell to huawei. The u. S. Labeled china a currency manipulator. The yuan hovering seven to one with the dollar lessening impact on tariffs. The president doesnt want to artificially weaken the dollar but believes he needs more help from the Federal Reserve. We have virtually no inflation in our country
Jimmy thank you very much. Wow thank you very much, everybody [ cheers and applause thank you very much, everybody give it up for the roots right there, ladies and gentlemen. [ cheers and applause please have a seat welcome, welcome, welcome to the tonight show everybody guys, it is the weekend and this sunday is the indianapolis 500. So between Memorial Day Travel and the indy 500, its a great time for people who love being stuck in the car [ laughter and applause thats right, its memorial day weekend. And i read that veterans and Service Members can get discounts at Outback Steakhouse [ light laughter ] cause nothing says thank you for putting your life on the line like 10 off a bloomin onion. [ laughter and applause this isnt good. The department of agriculture just recalled over 60,000 pounds of raw beef, due to concerns about ecoli anyway, enjoy those memorial day bbqs, everybody [ laughter and applause have a great one lets get to some news here. Today, President Trump left for a
Moving averages. This months worst performer on the dow. Plus activism in the restaurant sector. Outback steakhouses Parent Company down sharply. Lets begin with the markets extending this weeks losses, not a lot going right, and today, mike, a lot of it surrounds china and worries about not just growth but the debt burden as well. You wouldnt say its a new factor bits been on the list o worries. You have one of these situations where once you have this pretty sharp break in momentum to the upside, several weeks ago, some breakdowns in the longer term trend, some concerns about, you know, valuation that were always there that are being exacerbated and why has the yield become unanchored, treasury yields, and even global yields . All that stuff in the mix and then you have the related concern of, oh, what might what stress points might we see emerge out of that . All thats in the mix. I do think, also, yesterday, with the yields making those new kind of 15year highs, you started to see
Ever so slightly, he can see the dow up 12, the s p downtown, the nasdaq down two tenths, Global Growth underway as chinas property evergreen files bankruptcy protection in a manhattan courtroom, shares of chinese cavities are feeling the heat seen declines across the board ecommerce giant ali baba njd. Com among those moving much slower today as well as ev maker nio, kneel down down 7 , at this hour next friday we will get a better sense of what the fed is thinking as fed chair jay powell will be speaking at the jackson hole central bankers conference a week from today. Many are hoping to glean more information on the fed forward and whether or not they will keep the rates higher for longer. That is the fear. In a rare move Cybersecurity Firm Palo Alto Networks is reporting after the close of markets today, the stock is up 1 , could a friday afternoon Earnings Report be an omnibus sign for palo alto yet market, there has been a lot of speculation we will find out soon enough lets get
Something . Okay. You should know that. You should know this. You can be our tour guide. Thanks for watching us and we will see you tomorrow. [ cheers and applause steve from studio 6b in Rockefeller Center in the heart of new york city, its the tonight show starring jimmy fallon. Tonight, join jimmy and his guests Ewan Mcgregor and Mary Elizabeth winstead, Evan Rachel Wood musical guest marcus king, and featuring the legendary roots crew questlove 1937 steve and now, here he is, jimmy fallon [ cheers and applause [ cheers and applause jimmy come on. Thats a hot crowd mwah [ cheers and applause i love you thank you so much. Enjoy yourself welcome, everybody welcome, welcome, welcome to the tonight show. Youre here. [ cheers and applause you made it. Thank you for watching well, it was a crazy windy day here in new york city, wasnt it [ scattered cheers ] gusts were reaching 60 miles an hour 60 miles an hour yeah, it was great coming into work, i felt like beyonce. [ laughter ] uh [ lau