Im seema mody in for sara eisen. Good to be by your side. I was off for two days, good to be back good to have you. The market off to some declines, 0. 1 we have had highs in volatility sings midseptember, but still low from historical standards. Gains of over 1 last week so yesterdays declines in perspective there. This morning we are pointing higher tenyear treasury note for you, last week finished at 2. 37 , just slipped afraction this week to 2. 35 looking at early trade, i guess well start with asian equities where japan has been on a nice run up 0. 6 closing higher for the day its now higher by 9 so far this year. The japanese nikkei trading at its highest level since june of 2015 a strong day across the board for asia hang seng, shanghai composite and the kospi are all supporting gains ahead of chinas big political event next week, the Party Congress on october 18th early trade in europe, better than expected data out of italy. September was the best month for italys industrial
5 00 a. M. In london. Vomiting of im yousef. Tracy and im tracy alloway. Yousef we saw that record again in the yuan. Here are the numbers as they came in. The line and white, that is your expectation. Re in was in mind, 3 trillion the key level we were looking at. That is your line in red there. Anything below that would have led to more capital outflows, and the consensus was policymakers would move to make go below they did not that redline. Also highlighted in blue, that is your spread between onshore and offshore, which again, as you can see, take a look at that pop we saw last week. That, of course, is the focus on the Global Investment themes we discussed. Tracy i love this choice, because some a yousef, so far this year the chinese money markets have been then the story have been the story of 2017. Yousef were looking at the u. S. Economic data. Talk us through the u. S. Close, the market reaction. Tracy sure. We saw some fireworks friday. We have that jobs report. That propell
Higher on the back of the move in syria. More on that behavior. Plus, retired general leslie clark joining us shortly to talk about what future u. S. Military strategy could look like. Lets begin with Team Coverage of todays big stories affecting the markets. Steve leisman at cnbc headquarters with details on this mornings weaker than expected jobs report, and bill is in moscow tonight with the latest on the syria situation, and kayla is in palm beach, florida with news from the china summit. Steve, starting with you rs first thing this morning with the headline whether it was weaker thans expected. We had a chance to digest that in markets, and despite the disappointing payroll number, bill, most economists, and markets, trade as if they are on track to hype twice this year, including in june. The chance of a rate hike in june remains unchanged at 61 , even after the government reported job growth of 98,000 today, and that was well below the streets 175,000 estimate. New york fed pres
Points. S p losing ppt 68 . Nasdaq tumbling ppt. 69 . This is the shacka can movement. You have to tell me you like. There has nothing with a lot of stocks today. I counted seven reasons why stocks were right to go down and no reason why they should balance because nothing good happened. Let me give you my proprietary turn upside down. Let me tell what you spooked the market so badly. First, the election. The market loves certainty and it hates uncertainty. So you can have the most antibusiness candidate in history running for president as long as we know what degree of certain that i person was going to win. Or we can figure out what to do. Typically theres a thesis that can work for anyone. Like Hillary Clinton like post democrats she wants to put people to work. There are a lot of stocks with that scenario. Or maybe you find Common Ground where there isnt something similar in question like defense. Maybe if we were confident Hillary Clinton would win based on poll be there would be
You have to tell me you like. There has nothing with a lot of stocks today. I counted seven reasons why stocks were right to go down and no reason why they should balance because nothing good happened. Let me give you my proprietary turn upside down. Let me tell what you spooked the market so badly. First, the election. The market loves certainty and it hates uncertainty. So you can have the most antibusiness candidate in history running for president as long as we know what degree of certain that i person was going to win. Or we can figure out what to do. Typically theres a thesis that can work for anyone. Like Hillary Clinton like post democrats she wants to put people to work. There are a lot of stocks with where there isnt something similar in question like defense. Maybe if we were confident Hillary Clinton would win based on poll be there would be ways to make peace with it and make money. But now the polls have tightened. This close to election day with two candidates with such