Trading. Lets do business. Have started the week on a weekend note investors are worried about more violence in hong kong and there is the continuing uncertainty over whether the United States and china can find a truce in their trade war u. S. President donald trump sounded more optimistic over the weekend telling reporters talks with beijing and moving along beautifully thats more upbeat than a few days ago when he stressed washington would not agree. Remarks that hit stocks and the dollar. 3 Prime Minister was in shanghai just last week now his chinese counterpart is in athens to deepen ties xi jinping will pop into the port of prey is chinas gateway to europe and investment that has european leaders divided chinas costco started leasing terminals at the port in 2008 since then its pumped in funds worth some one and a half 1000000000 euros china is also injecting big money into the Nations Energy sector the Worlds Largest power supply a chinese think grid bought a quarter of the gre
Minutes of online trading. And then fizzle and thats the Business Asian shares have started the week on a week a note investors are worried about more violence in hong kong and there is the continuing uncertainty over whether the United States and china can find a truce in their trade war us president dont trump sounded mistake over the weekend telling reporters talks with beijing a moving along beautifully thats more upbeat than a few days ago when he stressed washington would not agree to a full back of terrifying remarks that hit stocks and the dollar just 3 Prime Minister was in shanghai just last week now his chinese counterpart is in athens to deepen ties xi jinping will pop into the board of praise chinas gateway to europe and investment that has european leaders divided chinas costco started leasing terminals at the port in 2008 since then its. In funds worth some one and a half 1000000000 euros china is also injecting big money into the Nations Energy sector the Worlds Largest
Lyrics sure, what happened to the 58 points of gains for the dow. All gone and markets selling off and sky d dar darkens literallyd figuratively and 216 points for the dow and s p down 34 and nasdaq losing 116. In the midst of the war in the middle east. All three are still kind of barely but still on pace to pin finish up for the week. If the gain that the dow had earlier comes back or a few points, blue chips snap a three week losing streak. We need to show you the interday of the vicks, earlier wall streets value tilty index was down volunteers and dillty was down and volatility was down and remarkably calm and around noon shortly after, it began spiking and up 7. 34 and equity market doing the opposite around the same time and dow was up as much as 58 points and sharp reversal and s p and nasdaq and the dow down 106 points and u turn came as bond yields marched higher on consumer Inflation Report for september and also this headline that came out, the uk is spend royal navy ves ves
Difficult it will be to get that measure passed. But we do have the story covered. Julia chatterley is in brussels. Michelle carusocabrera is in athens. And Steve Liesman. Well have more from the three of them. As higher up on the news. But it looks like a deal is going to be reached. You can see the dow jones up 125 points. S p up close to 15 points. The nasdaq is up by 37. This is all coming as the markets in europe are higher. Dags up 1. 5 in germany. The cac is up 2 . The ftse higher. Italy 1. 5 . Portugal up 2. 75 . And the dollar is up. The euro despite the news it looks like the euro is kept together. Trading higher at 1. 1075. Part of the fact if you deep greek economies in thats going to add pressure over time. Also you can see whats happening to the yields in the european markets. In greece be the fiveyear yielding 17 . If you look to the bund thats the german tenyear thats trading at. 927 . If you check out whats happening with treasuries here in the United States youll see
There. Retirement night 602 million , the headlines coming out fast and we will bring you some of the figures as soon as we get them. Erik wells fargo is one of the more consistent performers on wall street, beating earnings per share would be the seventh time in the seventh quarter. They are managing analyst expectations. The big issue for wells fargo is about the Net Interest Margin. The Net Interest Margin is almost 3 . Wells fargo among the biggest banks with the very best Net Interest Margin. The difference affects the Interest Rates between the Interest Rate at which you lend and borrow. And it was of the vacation but more or less what it works out to. And the second bank of the day jpmorgan being the first where we see an increase in the interest margin. Youre heading toward that fed rate hike whenever that happens and that will be good for banks but this gives us an indication that it seems that the banks of a slight bit more Pricing Power as we head toward the rate hike. Matt