Rights. But once again, peaceful protest gave way to petrol bombs, with police stations under attack. This is what eventually cleared the ha rd core this is what eventually cleared the hardcore activists who then rampaged through the streets targeting chinese businesses. They thought the police they fought to the police late into the night. For a 20th consecutive weekend of undress here in hong kong, the police are really struggling to control the streets here. They brought out the water cannon. The protesters are not going home. The question is the one weve been asking for five months now when does this end . How does this end . Hong kongs government claims a housing crisis has unleashed this cycle of violence, but these protesters say it is their deep fear at the type of place they will be living in under greater chinese control, which means they wont be giving up. Now, with all the sport, heres lizzi Greenwood Hughes at the bbc sport centre. Thanks very much. Good evening. Wales hav
For the columbus day holiday the stock market is on a regular schedule if you check out the u. S. Equity futures a in the hour, the bulls may be wishing it wasnt dow futures indicated down by 110 points s p futures off by 13. And the nasdaq down by 42. Joe mentioned that headline that seems to be moving these futures this morning that was coming from bloomberg saying that china wants to have further talks as soon as the end of october before they will even sign the phase one deal thats being touted right now by the United States. It goes on to say that beijing may send a delegation led by the vice premier li hou. They would finalize the deal before the president s met next month in chile another person said that china wants trump to agree to suspend the additional tariffs due to roll on in december on top of the ones he suspended for the ones due on october 14th well see what happens you can see the pressure thats put on the futures this morning after some big gains on friday as this n
Crossed, it looked like a different picture. We had a reversal midday we saw stocks give up the ghost and treasury yields surge and 10year yield cross 4. 1. It was the reversal to watch i think it is because mary daly and San Francisco fed says there is more work to be done after the cpi number people thought it is not over yet. It aint over. A long slog here. The lady hasnt sung. You cant say which lady right on the squawk planner. More inflation data. Ppi is due at 8 30 a. M poll polled forecasters expect a tick higher of. 2 . This comes after the cpi data showing prices rose 3. 2 year on year which is below the forecast the Supreme Court blocked for now a multibillion dollar deal by Purdue Pharma from the opioid crisis. They will look to release the claims by nondebtors against nondebtor parties without the consent. The department of justice argued the release of civil liability is not authorized by the bankruptcy code. Purdue is optimistic the Supreme Court will agree which the cas
Well reveal the company and speak with the ceo and an interesting three buys and a build gina sanchez is buying the u. S. Consumer and selling the chinese one. But first, to the inflation reading. Im still raising my eyebrows. And mike santoli is here to explain. A big part of the story is the bond yields. Yesterday, we had a failed rally on a benign cp ireport today, a telloff on a slightly hotter than expected ppi this really has been chopping around as the seasonals get a little more challenging coming into august. If you look at where it sits in a oneyear term, that pullback did get us right to the precipice of that 50day average. 4443 was the intraday low. This morning in the s p, why did that matter, if at all take it back, and ill tell you on july 11, the high for the day was 4443 what happened the next day really nice cp ireport, reported july 12. The market popped from there we filled it this morning. People think this matters, but it matters on a macro basis, because july 12,
Moments ago. Its negative, but not as bad as earlier this morning the dow remains positive, up 92 points its being held up by United Health care and walmart, which is getting a lot of analyst love ahead of next week tech continues to be under pressure, carl as for the data flow this morning, its really been about two reports investors are focusing on, ppi, comes in a little hot a little it wasnt extreme, but there were some weird factors it like lea pointed out. Then we got the Inflation Expectation from university of michigan and you got a surprise on the oneyear and five to tenyear outlook thats good news for the markets that are rooting for lower inflation. Some reports on ppi and the Financial Management prices. I think one headline is what the stock market gives, the stock market takes away. Kind of a weird meta dynamic. The whole reason was higher stock market lets dig into the weeks Economic Data. Against the back drop of hotter than expected ppi and cooler cpi. Our next guest s