British Prime Minister who will demand an early election for the second time in a week. We either go forward with our plan to get a deal or somebody else should see if they can get us in beyond october he tells cnbc that bond market holders need no longer be called saying investors need to take the asset class. You will lose we had a major player in the bond market that is involved for noncommercial reasons. Happy friday. First lets recap the price action over the last 24 hours. Very positive session for u. S. Equities and actually u. S. Indices are about 2. 5 from record highs yet again despite volatility those indices continue to make a come back and that after better than expected Services Data yesterday. So weakness on the unemployment sub index but better data on the services but but of course the number one narrative and the expectation of a meeting between china and the u. S. In washington next month thats giving a little bit of relief to investors. Well have to see what happens
Gaining speed. A live report for that region next. Later commemorating the street that may have saved americas favorite past time its your rbi and its actually baseball related its all on this friday september 6th as Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from where ever in the world you may be watching. Happy friday thanks for being with us we start with morning from breaking news out of europe. The latest gdp numbers in the Second Quarter thats right for you certainly the focus has been on politics the last couple of weeks but lets not also forget about the data its now been confirmed at. 2 on an annualized basis a significant slow down from the First Quarter which is. 4 quarter on quarter and 1. 3 on an annualized basis. The devil is in the detail theres two main weaknesses. One is germany and one is italy. So let me just remind the viewers that the german gdp fell in the Second Quarter of this year to minus 0. 1 0. 4 on an annual
The s p 500 rises and bonds tumble. Wework is said to have slashed valuations in its upcoming share sale. Shery lets get you started lets get you a quick check on how markets closed. We have equities rallying, treasury yields rallying, strong Economic Data. The s p 500 jumped to the highest level in five weeks. It actually broke above its 50day moving average. Tech shares led the gains. From thest losers trade tensions between china and the u. S. We also have banks rallying as we saw the twoyear yield at one point seeing the biggest jump in about a decade. The focus is shifting toward that we arembers getting out tomorrow. Today, very strong private payrolls numbers, but at the same time, jobless claims numbers little changed, so the focus is what happened out of the numbers that we get tomorrow on friday here in the u. S. Futures at the moment not doing much, but lets see how we are setting up for the markets in asia. Friday, were looking at this to continue, gold holding onto losses
Tumble. Paul the services session in the u. S. The board. On across treasury yields rallying. The s p 500 jumped into a fiveweek high. The 50 day moving average. Tech shares let the gains on renewed optimism over trade and we had rally at the twoyear yield. At one point, it jumped by the most in about a decade. We had very strong Economic Data when it came to the private payrolls numbers but also little changed when it came to the jobless claims, so the focus is turning to the u. S. August job reports that are coming out tomorrow. U. S. Futures unchanged. Lets see how we are setting up for asia. Sophie it remains to be seen whether this will continue after global stocks posted arrest day gainin since two since january. Hong kong on the radar after Derivatives Trading faced pickups on thursday. We have the nikkei futures in chicago looking to gain ground after the nikkei 225 rolls to a win month high on thursday. Japanese data on cap. Tap. Sydney futures gaining ground, climbing to a on
Job. Thats a big if, frankly the fed should be cutting. I would say they should say at a minimum 100 basis points. Over a period of time. Not at one time but over a period of time well, im not talking about doing anything at this moment, but indexing is something that a lot of people have liked for a long time. And its something that would be very easy to do. A lot of people have been talking about indexing for many years. And its something that i am certainly thinking about i can say a majority of people they like indexing its something im thinking about. Payroll taxes ive been thinking about payroll taxes for a long time whether or not we do it now or not is its not being done because of recession were legitimately, if we had a cut in Interest Rates by the fed, if they would do their job properly and do a meaningful cut, because they raised toovz, you would see growth like youve never seen in this country if you go from the election, the great november 8th day, if you go from novembe