Says it will conduct daily repo operations to stabilize the lending market joining us for the hour, jim le camp happy friday investors dont like it when trade delegations cut their trip short. They dont, but god we can buy chinese dog leashes now. Theyve allowed a lot of things to happen and theyre not accelerating things so we need to get beyond what theyre ta talking about, beyond the saber rattling and looking at the actions. We havent ramped up tear i haves in a while then you look at the Federal Reserve board and while a lot of people were disappointed on wednesday when they didnt do too much more than say were going to cut it a quarter of a point, didnt give us a lot to go on in the future, it was more dovish than people look like he set the table for Balance Sheet expansion and Balance Sheet expansion may not be qe, but they could be mistaken as twins at a party its about the same thing. So yeah. I think some of these things are comeing off the boil whether its trade, Federal Re
By. 7 the hang sang was up by 2. 1 the shanghai composite up by 2. 1 in europe right now where there is active trading taking place, green arrows across the board. The biggest gainer is the footsy up by. 8 . Quick check on treasury yields which was so closely watched last week when you saw the temporary inversion in the middle of the day between the 10s and the 2s this morning, 1. 618 the two year is 1. 15 so showing more room than we have seen over the last several sessions. We have a huge week ahead for wall street. Kicking off today, big tech executives testifying at ustr hearings then tomorrow, quarterry lults from home depot, kohls and t. J. Maxx wednesday, fed reports on existing home sales plus reports from lowes target and l. Brands and thursday jackson hole symposium kicks off where, of course, Steve Liesman will be. All leading up to fed chair jay powells big speech which will take place on friday but meanwhile, we want to pivot right now to an update on the big story over th
Hence were noon in the eastern part of the United States and it has yet to begin formally trading. Were watching that. Were watching crosscurrents of the markets, buoyed about prospects for possibly a china deal and lower Interest Rates at that came with it. Although off the earlier highs, largely on concerns we might be staring down a possible conflict if iran ever since they shot down a u. S. Drone overnight. The concern that it will spike oil prices. That is exactly what is happening but it has not spilled over into the rest of the market. President trump, meanwhile as we mentioned earlier will meet with canadian Prime Minister Justin Trudeau with all his finance ministers in tow as well. Possibility of a proverbial pool spray. You know the drill with that. The canadians are here in town to make sure they nail down the agreement with the United States along with the mexicans. The mexicans okayed it. The canadians okayed it. Theyre worried about the chilly reception on it is getting
Im one of those people who admit to going to davos. Cisco has the chalet on the promenade where you can go in and i i get a with it because you can watch in realtime what they are tracking nefarious activities on the global web. Im fascinated by the sources and how the sun moves and how cybernefarious activities move and i always thought connectivity created this problem. Do you trust the connectivity or should you hear it you look at that equilibrium point of how you deal with risk and resilience and what you should be worried about and whether or not we are getting it wrong. To make it such a great question and i think its a mistake to trust. I dont think we should fear but i think we should manage. I think we need to have our eyes open about the nature of the risk and its an increasingly interconnected world. 43 billion estimated 43 billion connected devices by the end of this year. Thats a massive attack and the mistake that you make is entrusting up to the point where we make ours
Peloton jack otter welcome to barrons roundtable where we get behind headlines and prepare you for the week ahead. For taking Interest Rates for the tenth consecutive time has banking turmoil continues. Will the jobs report take a generate pause off the table . I will ask greg peters. Some businesses are getting swept up in the culture war. What happens to Company Stocks when they become involved in politics . The answer may surprise you. With the debt limit decision looming how should investors prepare for a possible default . We begin with three things investors ought to be thinking about right now. Stocks rallying on solid jobs data despite it being a down week for the market. New hope for all timers patients after an encouraging drug problem, eli lilly and safety concerns. Will Medicare Coverage it. Americans feeling a i anxiety as Technology Threatens to take over thousands of jobs. Are you at risk of being replaced . My colleagues, ben levisohn, it looked like it is going to be a