The big chief opens the door to rate cuts as he announces a new appetite for treasury and insists it is not the return of qe. Shery later in Bloomberg Technology global link, how washingtons latest salvo against chinese tech is the most lethal threat to beijings ai ambitions. Lets get you started with a quick check of the markets. U. S. Future slightly higher at the moment. This after the s p 500 fell for a second consecutive session, down 1. 6 . The dow also lost more than 300 point. Semiconductors taking the biggest hit. They fell the most in about six weeks. Weve had potential retaliation coming from china after the u. S. Blacklisted its tech firms. It was really another rush to safety. We had a treasury rally that sent the 10 year yield towards 1. 5 , the lowest in a month. Haven currencies rallying such as the swiss franc and japanese yen. We have the tech firms taking the biggest hit as well with the nasdaq falling 1. 7 . Lets see how things are shaping up for the asian market. S
Appetite for treasuries. Jay powell insists it is not the return of qe. Tension sores in the middle east. Turkey says its forces will move into syria at any moment. Shery lets get you started with a check of the markets. U. S. Futures under pressure, fell. 1 after the s p 500 for two consecutive sessions. Semiconductors taking the biggest hit, they fell the most in about six weeks. We have trade headlines sparking concern about tensions intensifying between the u. S. And china. That is upsetting some of the comments coming from fed chair powell, who left the door open for rate cuts. The dow lost more than 300 points while the nasdaq fell 1. 7 . Lets see how we are setting up in asia. Sophie australian markets have lower, asx 200 opening snapping a threeday gain. Bhp shares among the biggest laggards. Studyssie dollar trading after overnight gyrations on the trade brinkmanship. Confidence numbers for october are due in a halfhour. Nikkei futures pointing to a lackluster start. South kor
Products that were set to go into effect next week, but the question, heather, does this go far enough for the markets for now . Well, obviously the markets soaring over 300 points, i know they pulled back from the high at the close. It does go far enough for now that we are delaying the implementation of the tariffs on october 15, and then President Trump has said before, hes going to save christmas, and not have the december 15th tariffs imposed but im interested to hear what curtis has to say of these three issues of currency manipulation, of ip theft and joint ventures and buy more products which i know they are that those will be if theres more to come. David well bring our guest in in just a second but adam what do you think . Quick read of this and well need time to get a bigger read and of course its not even done its a truce, a pause, its a we will work on this in the coming weeks and months is that this is a deal we could have had many many months ago. I think the market woul
Stuck in a slump. The winning streak comes to an end. More pain from protests in hong kong. Retail sales and Hotel Occupancy tumbled more than 40 . Check lets get a quick of the markets. We are seeing u. S. Futures gaining a quarter percent but this of course after we see all saw the s p 500 fall the most in a month. Every session was in the red. Week manufacturing number this morning. Industrials let the declines, not to mention we had banks under pressure as was our rates move lower towards the 1. 6 for the 10 year yield. Volatility was also pronounced. We saw the vix headed towards the 20 level. It is known for price swings. It could be one of the most volatile months of the year. Lets see how things are shaping up for asia. Selina asian stocks look to be pressured by the weak manufacturing data after the u. S. Reported which of course follows very weak did any Manufacturing Sector we have seen across europe as well as in china, japan and south korea. Take a look at the futures. Loo
Enough. And more signs of stress. The fed will add liquidity to a vital corner of funding markets for a fourth straight day on friday. Later, huawei unveils an android powered smartphone without any google apps on the device. How the u. S. Ban is holding back the techtarget. First, we are seeing u. S. Futures at the moment unchanged after u. S. Stocks ended mixed on this thursday. We have seen stocks gained ground after positive comments on trade coming from the white house economic advisor, larry kudlow, but then those stocks pared back earlier gains after we heard from a trump advisor hinting at 50 to 100 tariffs on chinese goods. Also not to mention energy was under pressure today by the fact that oil stabilize, but we had two sessions of losses for crude prices, so the Energy Sector was down. The dow lost more than 50 points, the s p 500 unchanged and we also had a bond rally for a fourth consecutive session. We have seen, as paul mentioned, the oecd cutting Global Growth forecast,