Turs the dow and s p are a little lower. Nasdaq is on pace for the fourth weekly gain. Being looking at raise yeah, the nikkei up and shanghai composite. The ftse is down slightly, actually flat. So is the dax. The cac is up about. 2 . The 10year is yielding 1. 779 in our tariff news du jour, the u. S. Is going to temporarily free more than 400 products from the 250 billion in tariffs imposed. According to documents said to be published by trade representatives today. Including items such as Christmas Tree lights, retractible dog leashes. What . How did that get on the list that wouldnt work for my dogs if it went out, when i brought it in, something would be attached to the mouth. Filters for kcups, tiki torches, grills, electric skate boards stemming from more than 1,100 requests from companies. Holding lower level talks in preparation for higher level talks expected in october. Here is what Vice President pence and black stones steve squartsman had to say. For too long, one administ
Half a dozen fed officials speaking today as the growing rate debate simmers. Speaking of the fed, two perfect guests, both officials who served on the fom, Sarah Bloom Raskin, coming up before the close today. Joining us final hour of trade, josh, nice to see you. Happy to be back, sara. 212 point rally here. Are you buying into it i think whats interesting, the answer is yes. I think whats interesting weve done nothing, given headlines, back to early august, essentially flat im not suggesting thats a bad thing. In fact, bulls would say look how much is thrown at the market in the form of tweets and deals and nondeals and fed volatility. In the meantime, yields havent even stabilized. Yet were still hanging in at these levels i think whats important, give the edge to the bulls. Weve been testing resistance in this range the upper side of this range, more than weve been testing support. So slight edge to the bulls. You look at xly, xlk combined sam will probably correct me, probably 30
U. S. And china are trying to temper some of the repercussions trade war is having. You can see euro stocks gaining 0. 6 . The yen is also a good litmus 7. 81and you can see one of 107. 81. Tomorrow, we also have the ecb to look out for. Coming up, we speak to the former u. S. Ambassador to the European Union. Dont miss that interview at 10 30 a. M. London time. We talk u. S. Foreignpolicy and brexit. Lets get straight to the first word news. U. S. Goods to be exempted from tariffs last year were announced by china at the top of the list are pharmaceuticals and lubricant oils. Beijing is seeking to ease the impact from the trade dispute without lifting charges on agricultural item like soybeans and pork. The ministry of finance says further rounds of exemption will be released. Morgan stanleys ceo warned against the fed cutting too easily but says he supports of the reductions made so far. He made the comments at the Columbia Business School in new york. I have supported the latest fed
President trump. The Investment Committee is ready to go. The Halftime Report starts right now. Welcome. Good to have you with us on this tuesday. Our Investment Committee at the table. Joe t lets begin with stocks. Under pressure as you know new tariffs in place you had that weak reading on manufacturing, investors are on edge you have the worst month for stocks historically. You have to deal with new tariffs, the economy, risks are starting to stack up against the stock market yeah. This is not a great team as you mentioned, but if were dealing with trade its painful every day. The bigger question is are we headed for recession or just headed for Slower Growth i think we are just headed for Slower Growth. Something like 2 , maybe a bit less gdp growth. Yes, jobs have been strong wages good, consumption on friday, youre running at almost a 3 annualized growth rate on top of last quarter that was 4. 7 consumption growth. The consumer is still okay and its the bulk of the growth of the
Day. Congratulations to all of you. I always say the Wilson Center has the brightest audiences, and you are bright enough to know that this will be a fabulous panel, a fabulous conversation on disinformation, the first of several we are planning. I am jane harman, president and ceo of the Wilson Center and i am delighted to be here. That august, which Means Congress and the president are on vacation. But todays topic is not on vacation and will not be, at least through the 2020 election. So that will some center is not putting off a conversation. That being said, disinformation is hardly any problem. In the midst of the cold war, the u. S. And the soviet union both try to influence narratives on other parts of the globe. For example, a new article published by the Wilson Center tragic history and Public Policy program look at translated russian documents related to operation denver. A campaign in the 1980s not spread the lie that h. I. V. Was created as a result of the pentagons biolog