Your money yourks life, your future we begin with homes for sale as cooler weather approaches the Housing Market is heating up our diana olick finds thereare more openhouses to visit during the weekends, but it is a buyers or sellers market that is this weekends cover story. Reporter at a sunday openhouse in dallas, texas, there were plenty of potential buyers for this four bedroom tudor listed at nearly 1. 4 million. But not a whole lot of pressure. For a while it was just a very, very hot market and it was really a sellers market for a while. And i think it is settling reporter and that is why darrel and kerry smith are taking their time whether to buy a larger home or enlarge their current one. Th they worry more about the economy. Any type of recession could affect our incomes reporter the smiths are no alone in their concern eye are notticly investor concern is what is behind the drop in Mortgage Rates which are now a full percentage point lower than a year ago. That should help s
Prices and lack of demand. Oil is up about 2 amid more tensions with iran. That countrys foreign minister is threatening allout war in the event of a u. S. Or saudi military strike. Meanwhile, facebook chief Mark Zuckerberg heading to capitol hill today, trying to promote his vision for moderate internet regulation, as antitrust investigations are heating up. Plus, we have news on a possible isis connection to that mechanic who tried to sabotage an American Airlines plane. And Major Tv Networks are saying no to advertising ecigarettes. Varney company starts right now. David first to washington, d. C. , where midlevel china trade talks are kicking off today and they seem to be having a positive effect on the markets. The Dow Jones Industrial went from negative to positive on the news. Edward lawrence joining us live from the white house right now. Hi, edward. Whats going on . Reporter yeah, literally right now, the talks with the chinese delegation have started. The delegation has walke
Shares in Germanys Thyssenkrupp surge after theyre set to buy them. They go wild for hasboros purchase of pep pa pig at a huge premium. And g7 leaders prepare to meet in france with the summit unlikely to end with a formal communique for the first time in its 44 year history fed chair Jerome Powell is set to address the group at jackson hole later on today. The fomc minutes released this week showed members remained divided over a decision to lower rates by a quarter percentage point but policy makers agreed that the move should not be seen as a signal that rates are on a preset course. Now this morning in europe were seeing stocks move higher as investors await this key speech from the Federal Reserve chairman at jackson hole we have the ftse 100 up 0. 6 the dax up a third of a percentage point and the cac and the italian index also moving higher and in italy were all watching Political Developments there. The president has given the Political Parties until tuesday to try to get toget
Karen lee, as well as in france, maria tadeo, and in jackson, karen hole, wyoming, Michael Mckee. First, we want to start in asia. China willorts that soon unveil retaliatory tariffs. Karen . Reporter based on what we know, china will take further retaliatory measures on billions of dollars of chinese goods measures in retaliation to tariffs on billions of dollars of chinese goods. At the same time, we have unrest in hong kong. We will be looking to see what those tariffs are. No details were revealed. Alix and hong kong, political turmoil potentially triggering a world recession. That was the conversation yesterday at jackson hole. These are not segmented regional effects. These have really global consequences. Pointould be a tipping that could trigger a very significant global slowdown, even a recession. Alix what is the talk over there . Thats Harvard University economist Carmen Reinhart saying it could be a detriment for the world economy. There are mobile shocks that could rattle
And crude is taking a spill as well our road map begins with breaking news as china retaliates announcing those new tariffs on u. S. Goods. Well go live to washington with details. The moment of truth. Jay powell is just an hour away from speaking out. Obviously the big event fed chair powell fed harker does not see a case. I am on hold right now. My forecast is just hold where we are for exact one of the reasons is that. I think we run the risk of creating too much leverage in the economy. My sense was we added accomodation and it was not required in my view. My view with this very low Unemployment Rate with wage rising with the inflation rates staying close to the feds target i think we are in a good place jim bohlullard made his caser lowering rate. Whats the market going to be the next five years. You adjust it for pc market is about 1 or 1. 1 inflation so we are supposed to hit our inflation target thats one reason why i argued that we should get lower well wonder whether powell i