There are growing questions about the strength and the direction of our economy. Uncertainty, stemming from the u. S. China trade tensions, various International Hot spots, softening Global Economy and warning signs in the bond markets are making people nervous. When people get nervous, they sit on their money. A lot of companies are sitting on their cash, resulting in the first decline in Business Investment in three years. Individual investors are doing the same thing. The Business Community is calling on leaders in washington to make smart policy choices that will restore certainty or confidence, not just undermining. Here are the three quick things that could make a positive difference. Resolving the trade tensions with china is critical into keeping our economy on track. We sent a business delegation to beijing prior to the administrations announcement that it would delay the last round of tariffs for a few weeks. It is a tradition that we have been following for a long time. Two
Another 75 billion on repo operations as investors expect a cut in Interest Rates at todays fomc meeting. Damaged goods. Fedex delivers the latest warning that the trade war is hurting americas corporate titans. Larry kudlow says progress is being made on u. S. China straight you. As saudi arabia attempts to move beyond the worst Oil Disruption in its history, saudi aramco says it will be fully back in business soon. September, ourf gate will be at capacity. Matt good morning. Take a look first off at a onemonth chart of treasuries i have got here in my terminal. I took friday, monday, and tuesday off, so i missed this peak. 1. 9 . Ped up to thats one of the things we will be talking about today. We are all over the repo issues, also a big peak, a much bigger spike over a shorter time period. Take a look at the futures. We are looking at a negative yearre in terms of u. S. 10 in terms of equity futures. This follows gains yesterday certainly in u. S. Stocks as we get closer and closer
Next week. The brexit drama. Boris johnson skipped a News Conference as his host says the u. K. Is not serious about talks. Shery lets get you started. We are seeing u. S. Futures slightly higher by. 1 . This after the s p 500 slumped the most in two weeks. Coming after President Trump announced an initial trade agreement with japan. When it comes to the safe haven moves we saw in the last session, we had wti crude higher, the biggest gain since february of 2009. Those are being reversed with gold futures getting pressure, down. 3 . Not to mention, wti holding above the 60 per barrel level but still under pressure, down 1. 5 , this after jumping 13 in the previous session, given the previous attacks on saudi arabia and Oil Facilities. Lets see how things are shaping up in the asian markets. Sophie there may be impetus for Risk Appetite after the mixed session we saw on monday when Energy Shares rallied while Financial Firms led declines. U. S. Japan lines on the trade deal being narrow
Whos only green variant a plug in hybrid will be available from next year generally though this years event seems more about showing its the electric car which is charging ahead dominic aljazeera at the front foot motor show. And just one other story to bring you a development thats broken in the last few minutes another member of parliament has left u. K. Prime minister baraks johnsons Ruling Conservative Party the former Education Minister sam jima has joined the pro Europe Liberal Democrat Party he is the 6th conservative m. P. To make that move so far this year well that wraps up the news from london for now i will be back in about 15 minutes time lets get back to ali and my own thank you very much for that as chinas trade war with the u. S. Drags on beijings building on another alliance with argentina the south american nation has signed a deal to. Exports millions of tons of soybean meal which will give its economy a much needed boost but argentina now faces the challenge of meet
Audacious attacks on the heart of saudi arabias economy. The Abqaiq Oil Processing Plant one of the Worlds Largest engulfed in flames, attacked by drones. The kingdoms second largest oilfield, khurais, also hit. The smoke visible from space, caught by a nasa satellite. Yemens Houthi Rebels are celebrating. Translation this Mission Comes as part of our legitimate and natural right to react to the crimes of the aggression and its continuous blockade on our country for the past five years. Aramco, owned by the saudi state, is one of the Worlds Biggest Oil companies. Khurais produces around 1 of the worlds oil. And abqaiq is capable of processing 7 of global supply. Some reports say half the kingdoms Oil Production will be affected. This could Impact Oil Prices in the coming days. In recent months, houthis have carried out a series of strikes on saudi arabias Oil Facilities, using missiles and drones, but the latest attacks are among their most destructive. This is embarrassing for saudi a