Down by 10 an ounce, but above, 13 1300 an ounce. David here now is your morning brief. Sachs willgoldman lay out its plans to turn around performance in core bond trading. Apple will be launching a new iphone. Willuropean president deliver a state of the union address. We will get u. S. Economic data on retail sales and inflation. Lets get an update on headlines. We have emma chandra back. Weakenedricane irma overnight after battering south florida. The storm had been downgraded to a category 1 with top winds of 85 miles per hour. It is northeast of naples and is expected to weaken further to a Tropical Storm today. The damage is unknown. Turned into rivers in miami and almost 5 Million People without power. Severe damage in flooding in the florida keys. Research has slashed estimates of total damages from 200 billion to less than a fourth of that. The u. S. Has water down proposed sanctions on north korea. According to a european diplomat. The United Nations Security Council may vote
Euro stocks have the longest winning streak. Old, flat on the day. The brent spread, could that blowout . There are rumors of a deal extension for more than three months. The morning brief, Goldman Sachs is going to lay out its plan to turn around the performance in its core bond trading unit. We get data for the month of july. At 1 00, the u. S. Treasury will sell 10 year notes. At 1 00, apple will launch a new iphone. That is coming up. The United Nations Security Council imposed sanctions on north korea as part of an effort to get the nation to stop its quests to develop Nuclear Weapons. Joining us now, marty shanker. The sanctions, but they watered them down. It is significant china and russia went along, but there are implications russia is helping china smuggled goods into north korea. There is no sign the sanctions are effective. Is there anybody who believes these sanctions will stop north korea . No. I dont think anyone is naive enough to think north korea will say we have had
Regulation had choked off the bitcoin rally, the backocurrency has roared to life. I am haidi lun, coming to you hear from singapore. Betty i am betty liu from bloombergs Global Headquarters in new york. One day, bitcoin is dead, the next day, it is back to life. Make up your mind here on bitcoin. No recession at all when you look at the u. S. Equity markets. Let us will the boards here. Record run here, a. 5 years into the bull market, the sp hovering above that level. The dow higher by 63 points. The nasdaq gaining. 1 . As investors, the fed meeting on wednesday, and janet yellen this time, talking about quantitative tightening, right . Rolling back on the Balance Sheet. Haidi it is this idea that a quantitative easing has given birth to his 8. 5 year bull market as you say, it seems a little illogical or concerning that the market seems to see quite a bit of tightening. It is not going to have much of a negative impact. The big question going into the trading week was can the bulls
Morning for sara eisen i cant believe its almost the end of september how did that happen . I thought you were going to say the end of the week. The end of september. The 26th today i think of the year in quarters nonfinancial friends are like youre such a freak. Were such nerds. I like the end of a quarter brings Bank Earnings whole new slew of stats you get the end of the fall, which is hot at the moment, and christmas. So bring on q4 lets check in on the Global Market picture futures at this hour coming off the back of the day, slight declines for the dow and s p a big decline for the nasdaq it was a tech selloff yesterday when the s p the tech sector was down 2 . The nasdaq was down nearly 1 . Facebook the big decliner, down 4. 5 well come to that more later. Today, expect it to bounce back a bit, a point or two for the s p. 27 points for the dow, nasdaq higher by 7. 5. Tenyear treasury note, we have seen yields come back a bit from last weeks highs. We started pushing closer to th
As how we trade. The dollar, flatter on the day. Less than 82 basis points. This is what the banks will hate. The vix under 10. A tough quarter for them. The morningfor brief. We are going to get weekly u. S. U. S. Priceims and index data. Trump is set to sign an order he says will promote Health Care Choice and competition. At 1 00, the u. S. Treasury will auction 12 billion in 30 year bonds. Emma little progress has been made in talks with the uks with the u. K. Much is deadlock over how the u. K. Will pay for the right to leave. Davis is urging leaders to take a step forward and move talks to trade. The death toll is rising from the wildfires devastating california. At least 23 people are dead. 180 are injured. Hundreds are reported missing. The fire has destroyed at least 3500 homes and businesses. Get congress to repeal obamacare, so he is going after it himself. He will sign an executive order that the white house says will promote competition. It will likely allow people to band