Good monday morning. Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt at the Stock Exchange it is a historic day of trading. We will begin with the selloff which did include a break with Circuit Breakers richard on the stress test for stocks, mike santoli on the crude awakening in oil prices as the saudis launch a price war. Rick santelli on a bad yield trip for treasuries and Steve Liesman on the fear and the feds response bob pisani, lets begin with you and think about whats important this morning. Whats important is how did the system respond to the immense stress that we had today. This is the first real test of the margin Circuit Breaker system set up back more than 30 years ago and we did have a halt on the s p at 9 33 for 15 minutes. The by all appearances it looked like it went well it reopened understandably some bargain hunters there, a mild lift in the markets so the mechanics seem fine. What was distressing to see what happened to Oil Stocks Pu
And break the impasse. U. S. Treasury yields come off session lows on the new optimism after a bond rush pushes the tenyear to levels not seen since the middle of 2016 and hong kong protests take a violence turn again as police draw guns and use a water cannon in the 12th week of prodemocracy demonstrations to rock the chinese territory all right, good morning, everybody. It is a bank holiday in the uk but not so much for European Markets. Ill take you to all the price action were having and seeing today in some of those european indexes. Lets start off with germany were getting some data out. So let me just bring you those numbers there. We are seeing yet another decline in business german moral in the month of august it has come in at 94. 3, this is below the Consensus Forecast of 95. 1, so drop in the business clie mate index, kurn season index coming in at 97. 3. Again, this is the lower than the Consensus Forecast of 98. 6 forehandlooking basis, expectations at 91. 3 versus 91. 5
Indonesia and you see opium but many of the families feel patronized by the plan and some are already saying. Ethiopia Airlines Flight 302 was one of the 2 fatal crashes a 157 passengers and crew on board were killed lawyers for some of the victims family members say boeings offer is tactical in light of recent lawsuits. To make the statement was meant to sui the minds of the duty that will be making a determination on the cases that have been fired and. Other family members have wondered why boeing didnt contact them 1st a kenyan man even told reuters that the money offer poses a danger in a country where kidnappings for ransom arent uncommon. The details of boeings offer meanwhile remain opaque will family members have to apply for aid how much will go to Living Expenses or charities boeing is still grappling with the 2 crashes which killed a total of 346 people and wiped billions off its market value it already faces more than 100 lawsuits related to the accidents the aircraft type
Will not succeed in defining the subtle not succeed in taking the people off the streets because were tired of just dictatorship. Taking the stand global news that matters. Made for minds. Well thanks to cash for greeks families of People Killed in a plane crash in ethiopia on large project parts of a 100000000. 00 proposal by plane maker boeing to compensate them also coming up for backing britains u. K. s biggest carmaker Jaguar Land Rover says it will invest millions in the u. K. To make a range of electric cars and mexico city is wondering what to do with something that could have eased its traffic problems but became something of a plane instead. Im Chris Culliver in berlin good to have you with us. And we start the program with grieving families trying to rip their heads around a big pile of cash u. S. Plane maker boeing is setting up 100000000. 00 fund to compensate relatives of the victims who perished in the 2 recent crashes of its 737 max planes in indonesia and ethiopia but
A plane instead. Im Chris Culliver in berlin good to have you with us and we start the program with grieving families trying to rip their heads around a big pile of cash u. S. Plane maker boeing is setting up 100000000 dollar fund to compensate relatives of the victims who perished in the 2 recent crashes of its 737. 00 max planes in indonesia and you see oprah but many of the families feel patronized by the plan and some are already saying. Ethiopia Airlines Flight 302 was one of the 2 fatal crashes all 157 passengers and crew on board were killed lawyers for some of the victims family members say boeings offer is tactical in light of recent lawsuits. To make the statement was meant to sui the minds of the duty that would be making a determination on the cases that have been tried to. Other family members have wondered why boeing didnt contact them 1st a kenyan man even told reuters that the money offer poses a danger in a country where kidnappings for ransom arent uncommon. The detai