These are the markets, not as sharp as the selloff is yesterday, but markets seem on hooks accounting for new cases coronavirus, and what happens to quarantines and isolations, and what happens to the economy. European stoxx 600 flat. Fell 6 if not more, now down 0. 3 . The u. S. 10 year yield, a good litmus test when looking at risk, s p futures up, they were lower a short while ago. At 10652. Lets get to the first word news. We begin with u. K. Prime minister Boris Johnson facing complaints of bad faith ahead of talks with the eu. Both sides are accusing the other of backing away from past promises. Johnson says it will take priority over a trade deal. Bernie sanders and Michael Bloomberg has escalated, mr. Bloomberg criticizing bernie control record, and sanders suggesting bloomberg could not win a debate against donald trump. Sanders is favored where bloomberg will be on the ballot for the first time. Michael bloomberg is the owner and founder of the Parent Company of bloomberg new
Enforceable, beijing says will bring certainty back to Global Markets. Under this phase one deal in principle, china will buy more u. S. Agricultural goods and manufactured goods and Energy Products and the u. S. Will be modifying its tariff schedule. Heres what we know what will happen to tariffs after seeing a statement from the u. S. Trade representative and series of tweets from President Trump. You will see 250 billion in chinese goods keep a 25 tariff for the foreseeable future for about 120 billion in goods that saw a 15 tariff beginning in september that will be cut in half by 7. 5 chinese officials in a press briefing earlier said the u. S. Agreed to roll back some of the tariffs on a schedule that had been negotiated. We dont know exactly what the schedule will be or how it will play out the chinese officials saying there will be much to work out after two sides end up signing this deal. The deal by the way is still subject to legal review and translation. In the past, we hav
Streaming service. Lets look at futures this morning. Some Economic Data better than expected today thats the picture on fed day. Dow opens higher by 34 s p by 2. 5 nasdaq by 17 road map this morning starts with right there, the futures, pointing to higher open after that stronger than forecast Economic Data. Investors staying cautious ahead of the fed record highs within striking distance again plus, shares of General Electric popping after an earnings beat the company raising its 2019 cash flow forecast and streaming wars at t set to challenge netflix, apple and disney, unveiling details for its upcoming hcupcome upcoming hbo max Service David talks with warner media Ceo John Stankey and thats coming up in the next hour as we said, looking forward to that big interview the markets, the fed, fed day. The data was better than expected this morning. Still confirms were slowing, so the fed will be cutting, right the fed raised too much it is just a fact. Jay powell overdid it. The econom
Increase sanctions on iran road map begins with watching the fed. Investors expect the second rate cut in a decade. Stocks mostly lower ahead of the open. Fedex is falling this morning. Shares down in the premarket over trade worries policy uncertainty, of course, as well continuing to weigh on the delivery giant and right idea, wrong approach, House Speaker nancy pelosi sitting down with jim youll hear what she had to say about the president s china trade strategy as we said, a few moments ago, the president tweets, ive just instructed the secretary of the treasury to substantially increase sanctions on the country of iran. So nice that our country is now Energy Independent the u. S. Is in better shape than ever before, Strongest Military by far, biggest economy, no longer even close, number one in energy, maga equals kag. The story is going to be about the attacks and what else the saudis can tell us about it as aramco had that statement out yesterday. Right i think we have to were f
Happening. I will focus on the u. K. The real story coming in, the markets along with Boris Johnson starting to look at may be no deal brexit. As a result we have the fish found against the u. S. Dollar, we will we have the british pound against the u. S. Dollar. A big move there. That is one of the factors outting the ftse 100, it is forming the rest of europe but it is but there are other factors. M a is one of them. Deal buying a business sold to blackstone and now being bought by the london Stock Exchange. That will put a whole different class when it comes to financial assets. Its trading up there are other deals as well. A big week for the Global Economy with rates decisions from the boj, Federal Reserve and bank of england as well as Economic Data from the u. S. , germany and china. Lets get to someone who can help us size up investor sentiment. He comes to us from boston. Lets begin with the Federal Reserve, do we see basis points decrease and is it warranted . It is the wood v