Both sides did hold phone talks adding recent contexts dont have the significance that the president suggested. President trump and treasury secretary mnuchin were asked about that report and here is how they responded. I dont know what you mean by that low level, the vice premier is low level, i dont think so. What is the position of the gentleman who was quoted in the newspaper today . Came out with a very significant and we communicated the vice premier of china thats not low level. I agree the statement that was spoken before me was are you ware of the calls happening . President trump and his french counterpart Emmanuel Macron will hold a joint News Conference, perhaps as soon as half hour from now well see. When it is held, of course, we will go live to it a lot to digest this morning i guess first thing i would share to you to bring it back to the markets, making my usual calls this morning of a number of asset managers, you get a resounding theme, which is this is an untradable
Is quote, possible. China says it is willing to resolve the dispute through calm negotiations. All sounds fairly promising and the market likes it. The dow industrials, huge drop friday, back up maybe 200 points this morning. S p, same story, down friday, back up 18 today, about. 66 . The nasdaq looks like its going up. 75 at the opening bell. Caution. Mr. Trump holds a News Conference which is scheduled for 9 30 eastern time, just as the market opens. We just got word, however, that the president is running a little late. Be advised. It is likely to be a headlinedriven market all over again. Ive got to tell you this. Money is still flowing here. The yield on the tenyear treasury at 1. 53 . It was 1. 44 earlier. The yield on the threeyear treasury 2. 02 . It was 1. 95 earlier. The story here is not this inversion of the yield curve. It is the flight to safety, the safety that america offers. This is going to be a dramatic day for your money. A president ial conference is coming. You ca
Will be cooler as the week progresses. Once the weather front works away, the cooler areas to the west. A muggy night with some patchy mist around. Some showers perhaps thundery for the south west. On tuesday, showers through the afternoon are increasingly likely across northern england, even further east into east anglia. There isa further east into east anglia. There is a core of heat across central and eastern areas. Warm and muggy into the south west, and trying to get some cooler air, Northern Ireland and scotland, as the weather front works through, setting off thundery showers on tuesday night. Hello this is bbc news. The headlines the International Response to the devastating amazon fires the g7 looks to make an emergency deal to help tackle the crisis. As the fires continue to spread, brazil steps up its Emergency Response and deploys its military, after concern that not enough was being done. Taking the podium now President Trump and president macron of france. Translation Pr
Committed from space. Its monday. Happy monday to you. August 26th, 2016. Here is todays eye opener, your world in 90 seconds. Theyre also all saying well i dont think the president is negotiating properly. They dont know what theyre talking about. The president s trade war over shadows the g7. Reporters asked President Trump if he had second thoughts about escalating the trade war with china. I have second thoughts about everything. The Brazilian Military has orders to do what they can to stop the fires damaging the amazon rain forest. People in puerto rico are bracing for Tropical Storm dorian possibly becoming a cat1 hurricane. State media is reporting kim jung un oversaw the testing of a super large market launcher. Authorities say a california deputy who initially said he was shot by a sniper made the whole thing up, setting off a massive man hunt. Many things didnt add up. Protests take a violent turn in hong kong. Police officers pulled out their guns and fired warning shots. Th
The euro is trading weaker by 1 4 of 1 versus the u. S. Dollar. Brent is close to 60 a barrel. Gold futures are trading higher again, all the way up to 1543. 50 an ounce. Trade headlines and tweets have been whipped sawing have been ing markets the last few days. Joining us with the latest from washington is shawn donnan. What difficult to know if President Trump says makes a difference to china and vice versa. Is there a standoff happening right now . Shawn theres been a standoff happening now for some time. All summer weve been waiting to see a resumption of substantive talks between the two sides. Those talks broke down in may, and weve had some flirtations, some truces, some more tariffs over the summer. This morning, trump again muddying the waters by insisting that there were new contacts between the u. S. And china, and that things were going to go very well. To spin thesetry things is going well. It is never clear whether he his escalation or actual substantive talks. We are go