Plus financial secretary. Were standing by for Election Results in argentina. The president is under pressure there. We will have the latest. Paul lets take a look at how things are shaping up in the market today. The straily just up and one minute ago. In as are coming online order in australia. Not a lot of action. Futures were indicating pickup of about a third of 1 . Futures for the nikkei traded out of chicago. They are looking slack right now. U. S. Equity markets are also pointing higher. Sytock global stocks back to the highest levels seen this year. Lets check in on the first word news. Su we begin with the california fires. Workingters are to contain blazes across northern california. This has forced the evacuation of 200,000 people. Homes have burned to the ground. This is driven by a windstorm packing 90 mileperhour gusts. Gavin newsom has declared a state of emergency with nearly 3 Million People without power as of sunday. The result of argentinas election is expected in
We will start with the us china trade war because President Trump has announced a major escalation in us tariffs on chinese goods, saying that china has broken its promises made in negotiations. The announcement has rocked markets as we saw a moment ago, sending stocks and commodities tumbling. Here is what has them so worried. Resident tom says that from september one, the us will impose a 10 tariff on 300 billion worth of chinese imports that are not already subject to us taxes. This comes on top of the 25 tax already imposed on chinese goods worth 250 billion a year. But they will hit consumer goods such as electronics, toys and footwear. Us business groups have been quick to condemn this escalation. The us chamber of commerce that represents 3 million firms says it will only inflict greater pain on us business and undermine and under wise strong us otherwise strong us economy. President trump began his tweet with praise for the most recent round of negotiations, describing the talk
The week, stocks have reversed course. Tonvestors were encouraged by a rebound in global bond yields and some strongerthanexpected trade data out of china. Theit up and you hav recipe for a rally. The dow rose 371 points to 26,378. The nasdaq climbed 1 and the s p 500 added 54 and is now positive for the week. Bob pisani has been looking at some themes emerging in this market. Reporter talk about a wild ride on wall street. Stocks regained theirto footing y with the dow surging more than 300 points. The s p 500 bouncing back to right about where it closed last friday. Thats a remarkable ride. Stocks got a lift as bond yields have risen off of their lows and asin s currency has stabilized, at least for the movement. Cyclically, economically sensitive groups Like Technology and industrials, they led todays gain. Theyre now all positive for the week. Theres two big themes emerging that investors are paying attention to. First, is there a chance for a second trade truce between the United
Thank you. Hello everyone and welcome to the white house. I know that many of you traveled to be part of this moment and have taken time away from your family and other necessary work. We are grateful to all of you for giving us a little more about time this morning. Giving us a little more of that time this morning now that yesterdays storm has passed. [applause] i am telling you, it was so quiet here at the white house last night. They sent everybody home. There was no secret service. Just kidding. [laughter] so i want to thank you, all of you, for being here. Our purpose today is powerful. I want to thank you for your commitment to this cause. As some of you probably know, probably everybody here knows it, i teach at a Community College not far from here. And right now, educators are in the final weeks of those, you know, where the teachers putting the finishing touches on their lesson plans. I know i am, i have my first article ready to go. The linoleum floors as you all walk into
Year. This is about 45 minutes. [applause] dr. Biden thank you. Please be seated, thank you. Hello everyone and welcome to the white house. I know that many of you traveled to be a part of this moment and havent taken time away from your and have taken time away from your family and other necessary work, so we are grateful to all of you for giving us a little more of that time this morning now that yesterdays storm has passed. [applause] i am telling you, it was so quiet here at the white house last night. They sent everybody home. There was no secret service. Just kidding. [laughter] so i want to thank you, all of you, for being here. Our purpose today is powerful. I want to thank you for your commitment to this cause. As some of you probably know, probably everybody here knows it, i teach at a Community College not far from here. And right now, educators are in the final weeks of those, you know, where the teachers putting the finishing touches on their lesson plans. I know i am, i h