Charles President Trump says china wants to make a trade deal. Need as deal with the united states. These comment coming earlier at a press conference at the end of the g7 summit. President think as deal with china will be made. Hillary vaughn at the white house with very latest. Hillary . Reporter china calmly wants to make a deal with the u. S. And President Trump said today he wants to do the same. China indicated theyre ready to go back to the negotiating table to restart the conversation. Treasury secretary Steve Mnuchin also confirming that talks between the two trade delegations will begin soon. We appreciate the vice premier liu he, his comments that he just came out with and we look forward to continuing our discussions with him. Ambassador lighthizer and i will continue those shortly. Reporter telling fox newss john roberts, he thinks china is sincere, theyre under pressure losing jobs and rising tariffs. China may be able to avoid extra 5 hike on 550 billion worth of goods b
I think the asian markets wont direct were not directly hit by this news because i think the general consensus is that people understand why this landmark this thing had to be delayed and they seem pretty optimistic also the ali baba will go through with it eventually infect the c. E. O. Of the Hong Kong Stock Exchange was quoted as saying last week that hes confident companies will. Will come home to hong kong and that they will find a home in hong kong he just didnt know when and he said this without alluding to ali baba because technically the listing is confidential all right but we we spoke to a representative of german business in hong kong yesterday and he told us that despite the unrest there its more or less business as usual but an above us move just now seems to tell a different story doesnt it. It does and you know what monica ali babas move to do this is actually a very smart calculated move imagine if they had gone ahead with the listing this month is going to be seen as
Minister the right to negotiate the split from the european clear resolutions the trade war union. China to braces and no clear meeting insight as well as tensions around brexit and huawei and weak for a long struggle. Manufacturing data. President trump says any trade deal will be far tougher if he this points to how risky the trade war is for global wins a second term. Economies. In japan the nikkei down started. Get slightly. We expect pmi composites today. Look at the land the yen have the dow and the nasdaq off of at 10 5. 7 coming falling more than 1 as session lows of one of 5. 74. Industrial and tech shares led declines. 105. 74. Firmly in the red, and we continue to lose ground as we see trade tensions, concerns the kospi coast lower yesterday. Over brexit as well playing to 12114,5trading at the markets. Fors p 500 losing ground the first time in four sessions. Level. Weaker than expected we also have u. S. Factory data 1211. 45. Signaling contractions for the first time in t
Saying america is winning the trade with china but the u. S. Deficit is set to balloon to 1 trillion. Hong kong protesters mark one month since gang attacks on the subway. Wantswants beijing companies to toe the line. Shery lets get a quick check of the market close in the u. S. Stocks are higher but after paring back some of those earlier gains, every sector in the s p 500 was in the green. We had Consumer Discretionary and tech leading the way. Not to mention we had numbers out of retailers like lowes. We also had them from target. That helped with investor confidence. We had home depot showing signs that the second half would be strong. We had seen that rally. This is adding to the sentiment. At the same time, we have the fomc minutes. After that, the twoyear treasury yield rallying. And we have eight the yield curve and we have the yield curve inverting. S p active futures up. 2 . Lets see how we set up in asia. Sophie asian stocks brushing off the midweek fumble. Qantas and calls
Today . Well take it up. Much of the leftist media and Business Press were a agog overs inversion of the yield curb. Today, they seems declaring a recession in immediate offing despite more than 70s of country Biggest Companies quarterly earnings, higher than wall street has been expecting. And revenue of the companies in s p up almost 5 over a year ago. So what is the problem . The market sole off, and sole sold off, and sold off big, with us, jackie deangeles, what a day. It was, the worst steepest selloff of the year. We have seen a lot of volatility in august. Lou as is customary. But not with this wide of a band, this is something new. Yes, this is uncertainty, uncertainty over trade, worries about what is happening in other economies, in europe and asia and china specifically, weak data coming out of china. Also out of germany starting this fear mongering happening contraction of the economy in germany. Yeah. And speculation they will cause something that was compounded by invers