Thinks there could be a demand problem. Power lunch starts right now the dow in triple sdwrdigits take a look at the financials. The worst performing sector today on track for its worst week since march it wasnt the drop. It was the rally ta got every ones attention. The dow has dropped 1200 points at its low this afternoon. Leading the pook wack was semi conductors it was all those names analog, qualcomm and micron. I want to keep an eye on those big names. Home depot, mcdonalds, costco, nike industrials did okay but their rally was much, much more muted. Caterpillar but not as much as more growthy oriented stocks i think the other important thing is probability of a rate cut by the Federal Reserve for this month now 90 probability of a rate cut, 50 in december as well you can see yields also stop going down just about the same time as the market stops going down melissa, back to you kelly, back to you thanks very much. President trump talking all angles of the china trade deal earlie
Investors investing in china, but also a broader issue of these financial flows between the u. S. And china and how you addressed those when they involve an economic rival, a Rising Economic rival like china. I think we have seen these qualified denial from the u. S. Treasury and peter navarro, but also confirmation that this conversation is taking place inside the white house. Kevin what are the expectations for next meets meeting with the chinese for next weeks meeting with the chinese vice premier . Thethe explanation expectation are they continue talking. We should be clear that we are not close to a grand bargain. I think the real subject of conversation right now is how do you keep a temporary truce or some kind of peace in the world . One thing we will be looking for in these october 10 and 11th talks is what the u. S. Announces in terms of tariffs due to go up october 15. Shery tonight china celebrates the 70th anniversary of the rule of the communist party. Given the political
Accommodative policy and more from that interview with Christine Lagarde stepping down from the imf taking the top job of the ecb president in november take a listen to her view of the u. S. Economy right now its the longest period of growth in our country. The unemployment numbers are at rock bottom. Its in a very good place. Her thoughts on trade, china, and the likelihood of a global recession all coming up. First, mark tepper, ceo of Strategic Wealth partners, welcome back youve been surprised, impressed at the resilience of the market during september, which is not seasonally a very strong month september a usually a very sleepy month historically. Its down somewhere between half a percent and a percent, but so far this month, were up about 2 , so thats pretty good. I feel like were in a tina situation, where theres really no better laplace to invest your monday yields have come down on bonds its really not interesting to invest in the euro zone. Tina, there isno alternative. Ther
Are both stepping up their military presence in the region but europe or at least Continental Europe is refusing to get on board the u. S. Live Naval Mission and is instead continuing support its faith in the nuclear deal struck with iran in 2015 which President Trump withdrew america from last year. So our question this week here on quadriga is iran crisis europe on the sidelines and to discuss that question im joined here in the studio by early for told on the job a middle east expert with think tanks like the Brookings Institution and the German Council on Foreign Relations seat argues that the big challenge is to transcend to equally simplistic perceptions of the Islamic Republic europes tendency towards glorification of washingtons poem showing full demonising. Also with us is alan posner a regular commentator for the bergen based think. He believes that europe is on the front line of irans aggression if we choose appeasement he says we will pay dearly for how wanted. And a very w
Continental europe is refusing to get on board of the u. S. Led Naval Mission and is instead continuing to put its face in the nuclear deal struck with iran in 2015 which President Trump withdrew america from last year. So our question this week here on quadriga is iran crisis europe on the sidelines and to discuss that question im joined here in the studio by early for toller nature of the middle east expert with think tanks like the Brookings Institution and the German Council on Foreign Relations argues that the big challenge is to transcend to equally simplistic perceptions of the Islamic Republic europes tendency towards glorification of washingtons palm shoulder full demonetization also with us is alan posner a regular commentator for the bergen based daily. He believes that europe is on the front line of irans aggression if we choose appeasement he says we will pay dearly for cowardice and a very warm welcome to america how a man whos a business journalist with another berlin da