Dow and about 11 higher than the nasdaq. Lets check in with our reporters. I would like to take a look at one area of underperformance, china tech. Down 2 , lower on the open. But, around the time of the scoop and those headlines, the fact that tariffs will still be in place after the president ial election. Netnet, the worst day since september. Even to the untrained eye, this is somewhat absurd. Unlike u. S. Stocks, not going higher. There was a period of time when these were above the 200 day moving average. Over the last few months, gaining well more than 25 . A very overextended situation. Sometimes, these things go further than you think. There is good reason to think that we will see a reconnection at some point back down to the 200 day moving average. One group that sort of weathered this mini selloff was transportation stocks. Dow jones transportation average gained about 1 . It broke out to the highest level since october. Delta airlines gain a than 3 . Earnings came in well
Johnson changes the law to guarantee the transition phase is not extended. sis is the bank of england capital demand for the biggest u. K. Lenders. Welcome to daybreak europe. 6 00 a. M. And london, 7 00 in europe. There is room to run in the rally, the note from citi. Palladium breaks 2000. The taiwan stock market at the highest level since 1990 and there may be a sustained u. S. China trade truce and if that remains the base case an era scenario, we could grind higher. It depends if you are in the believer cant or the naysayers. Which one are you in . Nejra exactly, continuing the conversation from yesterday. Is it enough for the market . Are we at peak optimism and what is the outlook for Central Banks and whether the prospect of continued support through 2020 will keep the risk assets high. When we come to the u. K. , no deal risk a lot and well again. Manus boris and the hard brexit. You can literally taste it in the market. I want to bring your attention to the jgb market. We are
Usmca and the future of european trade from the inside, we are going to talk all about the trade policy with Robert Lighthizer coming up this morning, dont miss this exclusive interview coming up, mornings with maria begins right now. Maria big show this morning, Divine Capital ceo and founder danielle hughes, fox news Dagen Mcdowell and nfl player jack brewerrer. Dagen great to see you, get to it, we have so much to talk about. Maria this has implications beyond boeing, suspending production after two deadly crashes involving that jet, aircraft has been grounded globally since march, the company saying this in a statement, we believe its least disruptive and supply chain health, we will continue to assess our proprogress to return to Service Milestones and make determinations about resuming production and deliveries accordingly, boeing has said that the announcement will not affect employees and will not see any layoffs happening; thats the good news, they wanted to have this plane ba
Edward lawrence live in d. C. And edward, we start with you. Reporter a hiccup in the implementation of usmca threatened to cause tensions between the two countries over the agreement. It caused mexicos top trade negotiator to come here to washington, d. C. To meet with u. S. Trade representative Robert Lighthizer to work this all out. Because of concerns and that meeting, the u. S. Trade representative, allayed fears. Basically mexico was concerned that the u. S. Could force them into accepting up to five inspectors into their mexican factories and u. S. Trade representative Robert Lighthizer in a letter today saying those were not actually inspectors. Theyre attaches, attached to the u. S. Embassy here in the United States. So those attaches would offer technical guidance and expertise to the mexicans, not inspections. Adding that any compliance verification would be done by an independent panel with help from representatives from mexico and the u. S. The undersecretary says his fear
Concerns over production of the 737 max jet. And positive news on the housing front, as home builder confidence jumps to its highest level in two decades coming up next hour, former treasury secretary jack lew will join us to discuss trade and the economy. You do not want to miss that and with us for the whole first hour of theshow, dan nathan from risk reversal advisers. Dan, good afternoon. Thanks for joining us. Great to be here. More optimism on trade or whatever you want to put it down to is a lot of this news not already out there . Are you surprised to see ongoing rallies to new highs yet again at the end of the day, you like to see followthroughs. So friday, we had a muted react. A lot of investors expected some kind of surge, similar to what we had at the end of 2017 after the big tax cut. A lot of this was priced in. I think the continuation of last weeks rally into this week is obviously pretty establibullish. Also fairly seasonal as we are looking down the barrel of a week