Hang seng is flat. Taiwan is the leader on the board. We will talk about tsmc. They are gaining on the back of the apple news. We continue to watch dollar renminbi. 16 month high for the yen. We could be set for the best performance ever for the renminbi. Look at whats going on the rest of g10. Still seeing a strong yen. Pound is gaining for a third day at 129. The dollar falling to the twoweek low ahead of the fed decision. Take a look at bond yields ahead, not much movement. Its pretty quiet before the fed. Six the seven basis points for u. S. 10 year. Bondsl off in government the fall off in government bonds may have run its course. Saw the biggest cash injects and since 2018. Crude jumping on the back of that Better Chinese data we got yesterday. Back to our top story. A big win on paper, but not much in the real world. Says that Donald Trumps tariffs on chinese goods violated International Regulations, but its unlikely to make much of a material difference. Lets get more from our
The red. Does tech stage a rebound in october . You have huge positions in the faangs what do you think . What matters to me is sales growth they have it we have started on the digital journey. Not just in america. Everywhere, europe, asia, south america. Its a theme we have been tau g talking about for six months be p the idea it will go away after the pandemic is resoevveverreson ever that is, is ridiculous. Remembering apple or amazon over its journey had multiple 20, 30 corrections. You just got to take a deep breathe. It will come back. Did those stocks get too ahead of themselves . No. I think apple is unique. Every name has a different issue. Theres still a little bit of Consumer Electronics associated with apple this whole idea of stay at home stocks, st stocks we are going through a fundamental change in our economy. I want to own them now after the election, next year and the year after that were only in inning three look at nikes earnings. They are almost 33 direct to consum
D. C. E here in washington, at the northwest corner of the new, president ial memorial for dwight d. Eisenhower. Starts about 1000 miles west of washington, d. C. In abilene, kansas. Inle eisenhower was born texas, his family moved back to kansas when he was just a toddler. He stay there through high school. I wanted direct your view to speech that is inscribed in this wall in the memorial. When world war ii ended, eisenhower came home and was given a heros welcome, and in a humble way, he started talking butt not that he was a hero what you dreamed of doing when he was a young boy in abilene, kansas. And ended with the proudest thing i can claim is that im from abilene. I come here first, to thank the proudest thing i can claim is that i am from abilene. [applause] that first paragraph of that speech was a primary inspiration for the designer of the memorial, frank gary. He has expressed that here in this statue of Young Eisenhower as a teenage boy, sitting on a stone block, looking i
Day for the Federal Reserve system. It is a meeting of mystery. Our Michael Mckee will be there for the press conference, special coverage this afternoon. But right now, a great conversation on some of the challenges that we are going to see. Jon ferro, to me, the major challenge, with futures up 17, you mentioned this earlier, this morning, is the two americans that are out there, that two americans that are out there right now, jon ferro, are nothing like what john edwards ever thought he would see. Jonathan just compare and contrast, tom, take the airlines on one hand you can take any sector, the retail sector, and compare it to fintech right now. Big tech on fire. Other companies, tom, literally slashing in tens of thousands, and a central bank that has to set policy for both economies. That is a tremendously difficult position to be in as a central bank right now, and that will create distortion. Some would argue that is already happening. Tom Lisa Abramowicz, within your reading,
President is a sick man which accounts the surgery be performed on a yacht and present disappearing for five days. Hi, im david cowan, president of the museum of American Finance. Welcome back to our lunch and learn series. welcome to the university of central oklahoma and professor arnold. Thank you for coming. Please join us again, everyone, next week on the 26th were going to continue the lunch and learn series. The director of the roth child archive will be here, melanie. They should be really fascinating. This is an historic banking house, again, a week from this thursday. And then on the 24th, this is tuesday upcoming, well be screening the rediscovering alexander hamilton. This is the pbs documentary recently released, and all your questions about the movie can be answered because the producer director, michael pack, will be in the house. Now, turning our attention to today and matthew algeo, and the president is a sick man. This is matthews third book. His second, which traced