President as a democrat. How many of you have seen me speak before . So many of you very that is fantastic i suppose. So i am going to give a combination of remarks for the people who have hurt me before and the people who came here because they are curious. I would love to take advantage of the fact it is a relatively small group of us to take questions and get to know and have a sense for what brought you here. We are here in iowa, and here politics is a combination of sporting events and Community Gathering and education all in one. I have been joking that iowans are a special breed because this is one of the only places where democracy still functions the way it is intended. This is cbs. Someone help him . I will help them. Thank you. That is iowa nice. Re most americans look up most americans look up in despair and say there is not much i can do about that. Here in iowa, you all are very, it is an amazing power you have. It is the and the of the rest of the country. You are accust
State of negotiations as the fateful date approaches beginning in the business mind set lets go. A new trade deal between the United States and japan in the midst of a lingering terror fight between the Trump White House and china and dismal prospects for a new nafta leader global report today the Trump White House announced the signing of the preliminary pact on wednesday hailing new Market Access to japan for us i grew cultural producers a summary from the office of the u. S. Trade representative claimed that the terms of the deal would allow 90 percent of us agree cultural exports to introduce a pan either duty free or with preferential treatment on the other side of the ledger some 40000000. 00 japanese products to the u. S. Will receive similar preferences some digital video books and similar products from both countries would also receive preferential treatment but perhaps just as notable was what was left out of all the paperwork and discussion and. A mention of u. S. President
Minor deal that would be open. As far as no more tariffs would be open as far as two more rounds of duties in return, they said they would be open to things. Speaking on the background in terms of noncore recession saying they still would not budge. That was an official speaking to one news source. Lets take a look at what would happen in asia the nikkei came under pressure hang seng down about. 8 and shanghai am coup about. 4 markets go up or down based on what rumor or headline at any given point on these trade talks scheduled to begin tomorrow in the United States. In europe, the bachl dax is up y about 1 looking at the treasury market, yields are higher. The 30year, a little higher than where we were yesterday the twoyear sitting at 1. 44 . Eunice yoon joins us now. Did we sleep last night. We look horrible without these thanks for pointing that out. Mine is too bright. We are going to toss to eunice ill tell you what way was thinking about on my way in. Did you hear about how many
Whole new level. We have details on a new combo that defies logic. It is wednesday, it is septembe starts right now. Wednesday morning. Take my blues away. Wednesday morning. Its going to be a brighter day. Wednesday morning. Its come so many times before. Cheryl welcome to fbn a. M. And good morning. Im cheryl casone. Lauren good morning. Im lauren simonetti. Cheryl it is fed decision day. Lets take a look at how your money is moving this morning as all eyes turn their attention to jay powell and company. Weve got slight losses in the futures market, the dow is down 31, nasdaq down 11 and three quarters. Lauren the yield on the 10 year treasury stands at 1. 78 . Down again today, 3 basis points. Cheryl oil heading south again after the saudis said full Production Capacity will be back on track. The oil, down 40cents, 58, 98. Lauren stocks in asia closing the session mixed. The nikkei down twotents of 1 . Cheryl european investors are waiting on the fed decision today in here this coun
A full 2 percent or we see the country by country projections also fell in line with the trends the Organization Also normally warned about the increasing risks of leverage corporate debt. And Major Players in finance are calling on the u. S. Federal reserve to create a standing means for intervening in money markets to the fed intervene for a 3rd straight day to inject 75000000000. 00 of liquidity in the early hours of thursday the fed again had to act to ease tightening and then over subscribed overnight option the market for repurchase agreements or the repo market is a core correcting mechanism of the modern Banking System in which banks finance their overnight credit needs on a daily basis the fed was forced to take action of the type not seen since the aftermath of the 2000 a Global Financial crisis or watch the federal funds rate which the fed is supposed to manage rise out of the feds target range and fundamentally undermine confidence in the feds ability to perform its primary