Holding this up is primarily the defensives in the utility sector, some consumer staples. Mcdonalds providing a little bit of a drag. Take a look at what is happening in the treasury market. Bond bulls undeterred. A lot of folks said this is going to be a dip buying opportunity, and that is what you are seeing. A lot of uncertainty that had driven the bond rally prior to that selloff, brexit, u. S china trade, those have not been resolved, but you will see the bond bulls remain active in this market. We saw the dollar knocked down a peg. You are going to start to see the price action like this. Take a look at gold. Gold actually had a little bit of a bid earlier today. Now it is flatlining, but holding at that 1500 an ounce level. A lot of analysts say that when you talk about the fair value of gold, they are looking at 1600 allers to 1800 an ounce. Guy lets talk about the brexit thing. Basically, the pound hovering around 1. 29 versus the dollar. We are a little way away from the 1. 3
In about 90 minutes time well get the latest health check on the economy and everyone is asking the question will the numbers reveal we are officially out of recession . Well, most experts predict yes, and say we will see a smidgen of Growth Injanuary of 0. 2 . This would confirm the Bank Of Englands suggestion that the downturn is behind us. During the final three months of last year, the data showed the uk slipped into recession and inflation injanuary was at 4 so its still twice the Bank Of Englands target. Lets discuss all of this with azad zangana, Senior European Economist at schroders. Good morning to you. Are you with the majority believing today will give us a Growth Number . Today will give us a Growth Number . ~. ~ ~ number . We are. We think it could be number . We are. We think it could be even number . We are. We think it could be even a number . We are. We think it could be even a little number . We are. We think it could be even a little higherl could be even a little h
Hello and welcome to the program. Im how much enjoyed the Syrian Government has declared 3 days of morning after an attack on a military academy in the western city of funds. It blames armed groups, backed by International Parties for the drone strike that targeted a Graduation Ceremony. Immediately after the attack, the military bombed opposition held it live in northern syria. President bush auto said says his country is no longer at war, but with a tax like these whos calling the shots in syria, and after 12 years of conflict with the country ever see lasting peace. Well be discussing this with our guests. But 1st, this report by sarah guilt, a warning the viewers may find the image is disturbing. A brother montez siblings who was on the verge of graduating from the military academy and homes. What was meant to be a day of celebration in syria, quickly tons of tragedy. When a drunk targeted the ceremony, its the worst day. A huge tragedy childrens students and my friends, they all d
Hello and welcome to the program. Im how much enjoyed the Syrian Government has declared 3 days of morning after an attack on a military academy in the western city of funds. It blames armed groups back by International Parties for the drone strike that targeted a Graduation Ceremony. Immediately after the attack, the military bombed opposition held it live in northern syria. President bush, auto said, says his country is no longer at war, but with a tax like these, whos calling the shots in syria . And after 12 years of conflict with the country ever see lasting peace, well be discussing this with our guests. But 1st, this report by sarah guilt. A warning the viewers may find the image is disturbing. A brother montez siblings who was on the verge of graduating from the military academy and homes. What was meant to be a day of celebration in syria, quickly tons of tragedy when a drunk targeted the ceremony of its the worst day . A huge tragedy childrens students and my friends, they al
Nasdaq up by 10 points. Halfway through the trading month of september, the dow is down by. 3 for the month to date. The s p 500 down by 1. 3 and the nasdaq down by 2. 3 . And treasury yields are pretty important because you do have a fed meeting this week. Right now the ten year is sitting right at 4. 34 . The 2year just above 5 and we will see what the rest of the week brings. Talking about what the rest of the week brings, here it is. Squawk planner for the week. The fed is the big story. Kicking off a twoday meeting starting tomorrow followed by a News Conference which will happen by jay powell. Wednesday expected to hold rates steady but planning to focus on the guidance, both economic and projections and forecasts for the rates at the end of this year. Few earnings of note, were going to hear from General Mills and also get fedex and kb home and darden will announce its earnings on thursday. Right now we want to get to the autoworkers strike, as joe mentioned the uaw not making m