Longtermtors a probably just happy to move on. It was the second worst month of the year for the markets. Volatility came roaring back. Trade tensions and recession signals from the bond market headline the period, and after four weeks of big ups and downs, inblstors today were to catch their breath a bit as we head into thehe holiday weekend. He dow rose 41 points today to ose at 26,403. The nasdaq was down 10. For the month, all of the major averages were lower. L what w september bring . Mike santoli starts us off tonight from the new york stock exchange. Ug the month oft has lived up to its reputation for volatility, and now comes september, which has similarly tended to be a challenging month over the 90 years september has been the weakest month for stock market turns, but the s p 500 down slightly more than half of all years and the average return from all years a negative 1 . This certainly implies seasonal portions present a headwind for a market that pulled back from the late
Great finish. Happy sunday to you. Were looking at a warmup today. The warmup will continue as we get into tomorrow, tuesday, then muggy weather enters the picture. A live look there at the Golden Gate Bridge span because we cant see the towers this morning. Covered in fog, the low clouds and fog around the coastline, around the bay. As we get into the afternoon, were looking at mostly sunny skies away from the coastline. We have temperatures within a few degrees of yesterday. 60, San Francisco. Low 60s, oakland, livermore, and san jose coming in right about 64. A little bit cooler over areas of the north bay. Areas over fairfield, concord, slightly warmer. Well have the clouds with us through the morning hours. And then as we get into the afternoon, more of what we saw yesterday afternoon sunshine. The onshore breeze through fairfield, 17 Miles Per Hour. We have a southerly breeze in napa. Its really light at about 3, and a northwest breeze in november novato at 5. Temperatures heatin
Of one of the worlds biggest banks leaving after less than two years on the job it is a busy monday, august 5th, 2019 Worldwide Exchange begins right now. Good morning good afternoon good evening welcome from wherever you are watching i am brian sullivan. We have breaking news with regard to chinas currency it is sinking in a big way the chinese yuan traded offshore is now sliding below 7 to the u. S. Dollar. That is a threshold thats not been breached in more than a decade tough go to 2008 and the financial crisis now, as that currency falls, remember, what does it do . It makes chinese exports less expensi expensive, which some say could mitigate any positive impact from the u. S. Tariffs. Analysts are quick to note, china could retaliate more against President Trumps tariffs by further devaluing the currency you can see where it is 7. 08 this is a fouryear chart. Remember, it is inverted as that goes up, thats the dollar against chinas currency. Thats a weakening of china. Look at t
A week i just dont want to kill 10000000 people does that make sense to you i dont want to kill 10000000. 00 people i have plans on afghanistan that if i wanted to win that war afghanistan would be wiped off the face of the year it would be gone it would be over in literally in 10 days lets talk now to my care in washington so some pretty incendiary comments there from the us president what else has come out of that meeting. Well how some of the warmth of the meeting indicated that the 2 leaders have come a long way since the vitriolic exchange of tweets last year shortly after imran khan was elected in as Prime Minister certainly imran khan very satisfied with that that the president formally acknowledged the Critical Role that pakistan has played in advancing u. S. Interests in afghanistan imran khan in the past felt that not enough recognition was paid off the spot in the u. S. War busy on terror as the u. S. Put it that iran can says cost some 75000 pakistan lives the issue of mili
Painting a rosier picture of economic fundamentals. Joining us is david zervos, looking sharp with the new haircut. David, what do you make of the fact that we have bounced back pretty nicely . Yesterdays reversal and some followthrough today what does that tell you . I think the trade tensions are definitely a story summer liquidity is the story. It was a pretty aggressive 200point plus move in the s p and the interesting thing from the price action for me is the rate market. The rate market had an incredibly large move. One of the largest weve seen in a while and it really hasnt come back off that much. So while stocks have rallied back, you would have expected maybe rates would have sold off a little more, risen a little more and they havent. So this is maybe telling you more that people are getting comfortable with a fed view that is cuts are coming and probably more cuts are coming than people had been nervous about with the meeting. You know the important thing in that answer, da