Shery youre watching daybreak a show live from new york, sydney and hong kong. Haidi the top stories, asian stocks are lower as volatility ratchets up. The dollar is extending gains. Tesla in the crosshairs as a beneficiary of subsidies. The ftc is accusing the ecommerce giant of monopolizing services in challenging sellers. Shery take a look at futures. Muted moves after the s p 500 fell to the lowest level since early june. We are on track for the worse month this year. The fear gauge is climbing above its average to the highest level since may. Investors are digesting data with Consumer Confidence following read treasury yields drifting. The 10 year yield at 453 levels, decade highs. Weve been watching the upcoming preferred gauge of inflation, that will be one to watch in terms of the fed and a potential shutdown leading to safe haven demand in the dollar index at the highest level this year. Seeing its longest winning streak since august. We continue to watch oil prices as well. H
We are counting down to asias major market opens. The top stories this hour, u. S. Stocks sink to the lowest since early june as Consumer Confidence tumbles and volatility ratchets up. The dollar extending gains for a fifth day. The empty seat sues amazon accusing them of monopolizing online Marketplace Services and overcharging sellers. A likely end for sherry of chinas ev subsidies. The s p 500 fell in the u. S. Session with the slump deepening in the afternoon. It is on track for the worst monthly performance of this year. Tech giants declining again. We also had the vix topping the 200 Day Moving Average at the highest level since may. We are following the developments around tesla with sources telling us the eu antisubsidy probe into chinese cvs will focus on to what extent and whether chinese china has subsidized tesla and others. Consumer confidence slumping. Traders had to think around what that actually means for consumer facing stocks Going Forward as treasury yields drifted
Good look at the fire damage. Because the fire is still burning, they cant get inside to see what caused it. 151 people were evacuated from that building. The entire building is on fire. Reporter you can hear the urgency as the first officers arrived. We now have the police asking for the mass casualties. We saw this black smoke. I took off running down the h l hallway. I started getting my residents out. Reporter she said at first she heard a loud bang and then the smoke. She and other workers rushed to get elderly residents outside. I went banging on doors going to get my residents up. It is a fire. It is for real. It is not fake. Make sure they had shoes on and coats on and start taking them out. Reporter once she was out, she saw how bad it really was. The roof was on fire. Reporter on the ground, First Responders call for help almost shocked how fast the building was burning. Firefighters from not just county over but other counties helped those to get into buses and in the coat.
Through a shut down because theres so much momentum behind something done and republicans are poised to have a big celebration this week. Host anna edgerton. Guest i think thats a good point to live on. This week will be the tax bill and they are expected to passspu it. That will be a big kind of celebration. You will see the economic effects of the senate might not end up being a sound Economic Policy they say its going to be. Host anna edgerton, shes on twitter at nfh for an sarah westwood, White House Reporter for the washtington examiner onex twitter. Thanks to both of you for coming by. Guest thank you. This morning the u. N. Security council to reconvene at meeting from earlier, which would include a vote on the u. S. Embassy in israels pending mood to jerusalem. Egypt putting forward a resolution calling on Member States not to remove their embassies while we wait for Security Council meetings to reconvene, well take a look at the Australian Parliament with members of the cabine
Forward. Greek prosecutors vote yes, but on the streets the message is no. Cobbled together on a shoestring budget, we meet the man behind the First Solar Powered car in afghanistan we begin the newshour in yemen, and the port city of aden where some members of the countrys exiled country are returning. Rebel forces have been pushed out of the city and the government wants to reassert control. Reporter the sounds of cheering, fireworks and gunshots in aiden, as people followed the biggest defeat in houthi since the conflict. Members of Abdrabbu Mansour hadis cabinet are returning to the southern port city for the first time ans fighting forced them to leave. Translation we will announce within the coming few days that we have secured the entire city of aden, and we want to return home. The ministers returning, it will be part of a plan to return all Yemeni Government to the city, where theyll be based, working towards liberating the rest of the country. Abdrabbu mansour hadi and his go