China trade relations and the possibility that the u. S. Might stem flows into china, its doing technical damage. We have been looking at this chart this week. Here islly stands out the s p 500 being stuck in a range for a year. The fact that new highs are not being put in. Today, on the weakness, we have a lower low over the last two weeks confirming the s p 500 could drop below 2900 even below 2800. That is supported by the rsi that is clearly rounded down. That is supported by lower highs telling you bullish momentum is waning away. Guests saying they see defensive positioning for the month of october. It could get pretty volatile for stack stocks. Click now to the bell has wrong on the u. S. Session, lets look at the chinese markets. Sunday night, this will be the main focus sunday evening after this bloomberg report about the white house considering limiting portfolio flows into china even potentially delisting some of the chinese stocks that are listed on u. S. Exchanges. Some of
Within reach stocks set for a higher open bullard still sounding the alarm for the economy and manufacturing. Apples moment of truth, the iphone 11 hits stores globally will it move the needle for investors . And washington versus big tech, Mark Zuckerberg meeting face to face with some of his harshest critics on capitol hill, including a surprise trip to the white house s p is aiming for a fourth straight day of gains as we wrap up the week. Volatility could be in the mix, given it is quad witching friday you got two fed president s making the case, rosengren thinks the fed should have held steady, bullard pushed for 50 basis points well see what clarida tells sara eisen in an hour. When you look at what u. S. Steel said yesterday, i know u. S. Steel isnt a big market cap what it said about the economy and steel case, very good, versus Herman Miller very good, Big Industrial just not doing well i think that it depends upon who you look at, like, i think bullard looks at everything. I
7. 09 offshore. Spread between offshore and onshore is particularly wide. 106. 10. Trading at if we look at the s p 500, it is semiconductors, copper stocks, casinos and gaming with exposure to china, asia, and all of that area. One bright spot, tyson foods after a whopping quarter. Guy european stocks are down. They followed asia, down by nearly 2 on the stoxx 600, and it is on big volume. The german tenyear, 50. We are now 52. See a haven bit attached to the german bond market. Talk over the weekend is that brexit cannot be stopped, and that we are headed for a new deal brexit. That was the message coming from the chief advisor now to Prime Minister boris johnson. The pound on the move as well, but coming back to flat. Vonnie china of course pushing back after President Trumps tariff threat, allowing the yuan to cross seven per dollar for the first time in a decade, and instructing company to suspend imports of u. S. Agriculturals. We are joined now by Charles Robinson charles robert
Oil slides into a bear market as trade tensions add to slowing demand. Brenda cost 20 since its april high. Cost 20 since its april high. Shery stocks rebounding. Treasuries paring back some of the earlier sturges we saw this week not to mention the dollar surges we saw this week, not to mention the dollar. We had brent falling more than 20 since its april the and sliding into a bear market. This despite the fact that we are seeing eight consecutive weeks of your talk piles declining u. S. Stockpiles declining. 1. 4 . Sdaq gained lets futures at the moment under a little bit of pressure, down. 1 . Lets see how things are shaping up in the asian markets as we have a few centralBank Decisions. Sophie it could be a mixed start for the asian stocks after a fiveday loss with several major market threatening to join the kospi, writing our yeartodate gains. Wiping out yeartodate gains. Check out tv stocks, jumping 1 one hour into cash trade. 10year gilts hovering around 10 . The aussie dollar
Not for a not for profit group. 251 Mass Shootings in the u. S. David so the shootings over the weekend were one of Many Political developments were watching all over the world this morning starting with those violent protests in hong kong. President trump tweeted this morning in part, we cannot let those killed in el paso, texas and bloomberg daybreak die in vain. We can never forget them and those many who came before them. He just tweeted out a few moments ago. The new york stock change and the nasdac will observe moments of silence and President Trump will make a further statement later in the day. We welcome marty schwenneker to the show. The president said hes in favor f background checks. Thats not going to happen. It did pass the house overwhelmingly. It was stocked like a lot of legislative efforts in the senate. Mitch mcconnell can bring that bill to the senate floor. He can call back the senate to pass such situation but conflating it with Immigration Reform is just going to