To you. Meanwhile, the president suggesting he is nowhere ready to concede to president elect joe biden telling foxs Sunday Morning futures he will keep fighting to overturn the Election Results but also expressing some doubt about whether the Supreme Court will take up his challenges. David spunt has more now from the white house. David. Reporter arthel, good afternoon to you. Since election day, President Trump has talked a lot about the Supreme Court, giving hope to some of his Supreme Courters his supporters, also of members of his team. He said it would be a be all, end all, the chance for the Trump Campaign to possibly change something in their favor because it has not been going in their favor from a legal sense. Today he was more pessimistic when speaking with maria about the Supreme Court. In that interview with maria, it lasted well over 40 of minutes, he doubled, tripled, quadrupled down on his claims that the election was fraudulent, though theres no indication that that is
Warm welcome to the show. The data is driving the markets. Downturn will stay for a long time. Be prepared for overly loose policy, harm in the long term. No shock and ought to come. Good morning. Are we jumping too aggressively on the optimism after china data. There were factors to consider. We have to bear in mind there are expectations that inflation could rise significantly in the first part of the year. Absolutely. Lets talk about the bond markets because our guest host says it is going to take 500,000 , 500,000 would not shake the fed. Bond prices are falling. Fedare going to see the cutting rates. The riskalk about market. What happened friday . Cuts at opec this week. A sense of a relief rally in the oil market this morning. , therty values jumped largest jump since 2003. Appetite returns to the aussie market. Qe in australia, that is the question we can debate. Green on the screen for the Msci Asia Pacific index. Bullish views for asia in 2020. 0. 4cline on friday of percent,
Off. We are looking at markets this morning, firmer tone. 102 points higher, nasdaq up almost 50 points, all three majors rebound yesterday on trade and currency fears, beijing and washington still in stalemate with china digging in for drawnout fight, pretty good market yesterday, lindsey, your reaction . Yeah, im actually surprised the market is taking everything that we learned through the last couple of days in such good stride, again, today like you said at the top of the show you see the yuan being weakened. Not to the extent we saw sunday night which sent the market into kneejerk reaction. I think what we are seeing the two countries are in it for the long haul and i dont expect us to have any resolution before tend of the year and we go to a point of no return, we go too far and the Economic Impact around the global is really too, too far to come back from. Definitely stoke uncertainty, dagen. Dagen uncertainty that the Federal Reserve cant fix, uncertainty is the greatest enem
Stocks are taking a hit around the world to mid fears of an escalation in the trade war between the worlds 2 largest economies china has been letting its currency slide raising concerns that they could be used as a weapon in the trade standoff with the United States on monday washington designated beijing a currency manipulator its 1st such move in 25 years chinas official communist Party Newspaper responded saying the u. S. Is deliberately destroying International Order that u. S. Announcement came hours after beijing let its currency we can fell 2. 3 percent in 3 days since president declaration that he would be expanding tariffs from september the 1st and beijing says Chinese Companies have also stopped buying u. S. Agricultural products as the trade war intensifies on monday wall street suffered its worst day in 2019 alan fischer with more now from washington d. C. Well donald trump said he was going to call china come see manipulator on his 1st stay in office its taken until now y
11 stocks have taken a hit all over the world amid fears of an escalation in the trade war between the worlds 2 largest economies china is letting its currency slide raising concerns the one could be used as a weapon in the trade standoff with the us here are all the developments on monday washington designated beijing a currency manipulator its 1st such move in 25 years chinas official communist Party Newspaper responded saying the u. S. Is deliberately destroying International Order the u. S. Announcement was just hours after beijing let its currency further weaken the one has tumbled 2. 3 percent in the 3 days since President Donald Trump declared he would be expanding tariffs on more chinese products on the way from september 1st beijing also says though in return Chinese Companies have stopped buying u. S. Agricultural products as they trade war intensifies on monday wall street suffered its worst day this year more on all of this with alan fischer now in washington d. C. Well don