Your money yourks life, your future we begin with homes for sale as cooler weather approaches the Housing Market is heating up our diana olick finds thereare more openhouses to visit during the weekends, but it is a buyers or sellers market that is this weekends cover story. Reporter at a sunday openhouse in dallas, texas, there were plenty of potential buyers for this four bedroom tudor listed at nearly 1. 4 million. But not a whole lot of pressure. For a while it was just a very, very hot market and it was really a sellers market for a while. And i think it is settling reporter and that is why darrel and kerry smith are taking their time whether to buy a larger home or enlarge their current one. Th they worry more about the economy. Any type of recession could affect our incomes reporter the smiths are no alone in their concern eye are notticly investor concern is what is behind the drop in Mortgage Rates which are now a full percentage point lower than a year ago. That should help s
Dropping below the s p 500 dividend yield which is crazy. You can make more money on the yield on the s p 500 than on the 30 year. Unfortunately the algorithms are utilizing global yields as the correlation to equities and that seems to happen from time to time. Remember prior to that it was the chinese currency any time that traded above a 7 Point Equities move lower. So youre looking at global yields and youre basically understanding that protectionism doesnt exist in global asset pricing. What do you mean . Thats exactly what is going on right now so the United States is blessed with technology. The United States is blessed with low energy. Zero versus the rest of the world. Correct but why is that becky . Because we are seen as the best economy globally and thats where i see protectionism doesnt exist in asset pricing the rest of the world is just driving capital here. So you can see bond yields coming down precipitously but still see it being something that doesnt drag the stock m
It wasnt the highlyanticipated speech from fed chairman Jerome Powell that sparkedy to intense selling. Instead, it was a new record ou tariffs imposed by the chinese ndvernment on goods President Trumps response to hike more tariffs on chinese goods. It all served to escalate the trade waretween the worlds two largest economies. That clouds the outlook f theon y and it rattles wall street once again. Here are the closing numbers for this friday. The d industrials down 623 points to 25,628. Sdaq fell by239, and the s p fell 75. Seema mody walks you through this day from the new york stoc exchange. It was another dizzying day for the stock market. Equity futures initially rose oe encouraging cs from fed officials but just befor 8 00 a. M. Eastern, china announced retaliatory tariffs firing the latest salvo in the trade wars. At 10 00 a. M. Astern stocksli ed off their lows briefly when the fed chair said that the fed would act as needed to sustain the economy. An hour later President Tr
American companies should move production out of china and back to the u. S all of this with the eyes of the world on jay powell in wyoming Steve Liesman has been talking with the most powerful central bankers and will join us in a minute but to e lolon where the president lunaunched a tweet storm. On september 1st, the chinese imports supposed to be taxed at 10 will be hit with a 15 tariff on october 1st, the tariffs on 250 billion in chinese goods that were already in place will go from 25 to 30 . And then on december 15th, all of the products that we import from china will start being tariffed the rate will be 15 instead of 10 . In the tweet storm, trump said that china should not have issued retaliation tariffs 75 billion of goods and called the move politically motivated we know trump was huddling earlier today with the top trade and economic advisors how to respond to beijings move. They were all there and just before or just as that meeting was happening, the president went on a
Sue is off tonight. Today stocks moved higher, sharplyigher on a familiar theme, trade. Chinese officials were quoted at sayiy wanted to resolve the current trade conflict in the u. S. In a wacalm manner. Some took it as a sign that the Chinese Government will not retaliate against the latest round of tariffs and the bulls ran with it on wall street. The dow was up 26 points to 26,362. The nasdaq added 116 and s the gained 36. As bob pisani reports, this rally does not have the certainty of some reporter the rally rolls on. Stocks ended yterdays gains ater chinese officials s positive tone for u. S. china trade talks. K man for Chinas Ministry of commerce said they are willing to solve it with a calm attitude. It comes three days before the next round of tariffs are slated to go into eect. That happened before theap a opg be stocks were higher throughout the day. Tradeheavy industrials like boeing and caterpillar were up. Tech names like alibaba were up. These are names withi the cycli