As famous club scene has been silent for months because of the pandemic but straight reversed and on the following the authorities are moving underground a rather upside. On well iraq its a pleasure to have you with us germany has joined a growing number of nations suspending their extradition treaties with Hong Kong Foreign minister heikal mosse said it was because of 2 decisions by the Hong Kong Government the 1st one to disqualify a dozen opposition candidates in the Legislative Council elections the 2nd to postpone those very elections well the territories chief executive kerry lamb announced that the september vote would be delayed by a year because of a spike in corn a virus cases but opposition lawmakers arent buying it they accuse the government of using. The outbreak as a pretext to thwart the prodemocracy movement well the word vote rather would have been hong kongs 1st since a controversial security law came into effect heres why to chief executive lam said at a News Confere
Frustrated bravers i did find the authorities and im moving on the ground or rather outside. Us the growth of our isp puts a damper on festivities as muslims around the world mark the start of the pandemic the cautions changing centuries old traditions for. Us welcome to the program hong kong has announced that Septembers Legislative Council elections are to be postponed by one year the vote would have been hong kongs 1st since a controversial security law came into effect at a News Conference chief executive kerry lamb said a spike in corona virus faces was the reason for the delay but a position lawmakers accuse the government of using the outbreak to hinder the prodemocracy movement. To say that you stuff its. Going to invoke emergency regulations oh dear nearness in. Off screen elections and uncertainty of course the main content enough to. Do. Justice to some to a greater unknowns for our newly we have the support of the central government. Correspondents Congress Following events
Testing limit down down by 5 as far as they are allowed to trade down before the open the number to watch this morning is down 136 for the s p. We have touched those lows and bounced off. We are not far off dow futures are down by 4. 74 . Nasdaq down 4. 6 after the opening bell, there are other Circuit Breakers you with watching. They would be kicking in with trading halting over a period of time down 7 this morning if that were to happen, youd see a 15minute halt after trading started. Next is if markets dropped by 13 . Then the third level is after 20 . That would be a halt of trading for the day. We have not seen these tested since 1997 until the last week of trading thats what we are watching so closely. If you take a look at the treasury market, you see the 10year note is 0. 71 . We got back to. 8 or so yesterday. With the yield, i was hoping they would have sold off talking to folks yesterday worried about what looked like it was better than going and maybethere could be problems
Just because a deal gets done that doesnt mean it will make sense. The dow finished flat, s p advanced 0. 7 , we need to address the merger mania because this market was dominated by deals today. Both real and imagined before we get into the weeds let melee out my position for you. I love mergers and acquisitions. The higher the stock market goes and it reduces the supply of stock floating around and anything that takes out supply is good news even if its applied to buy backs, however, i dont love speculating on mergers and acquisitions especially when acting on a tip as always, i say tips are for waiters if youre not for sure a deal is coming, Accurate Information is illegal. If you dont know, then youre just gambling. My rule of thumb never bet on a stock because of the speculation, only buy a stock of a company with healthy fundamental. Any potential deal activity lets say thats gravy which brings me to todays action this morning david faber reported that xerox wants to buy hp ink w
President trump. The Investment Committee is ready to go. The Halftime Report starts right now. Welcome. Good to have you with us on this tuesday. Our Investment Committee at the table. Joe t lets begin with stocks. Under pressure as you know new tariffs in place you had that weak reading on manufacturing, investors are on edge you have the worst month for stocks historically. You have to deal with new tariffs, the economy, risks are starting to stack up against the stock market yeah. This is not a great team as you mentioned, but if were dealing with trade its painful every day. The bigger question is are we headed for recession or just headed for Slower Growth i think we are just headed for Slower Growth. Something like 2 , maybe a bit less gdp growth. Yes, jobs have been strong wages good, consumption on friday, youre running at almost a 3 annualized growth rate on top of last quarter that was 4. 7 consumption growth. The consumer is still okay and its the bulk of the growth of the