States come and the jobs report two days away on thursday. To me, all of it is superseded by a global virus update. There is a little bit of good news, but it is overwhelmed by the bad news, and this news out of hong kong, i thought steve engle and anna edwards conversation with lord paren that lord patton was extorted very. Response that we could see from washington will do well worth watching. Lam just carrie finished a speech where she said freedom of the hong kong population it is unclear how china will interpret the new law that has been passed. Coming up in the next hour, our exclusive conversation with barclays executive jes staley. We will talk with him about loans and markets. Lets get to first word news with three. Ritika good morning, tom. The stage has been set for another confrontation between the u. S. And china, chinese lawmakers approving a National Security law for hong kong, punishing acts of terrorism and seclusion with Foreign Forces. The law will shape future of ho
Coronavirus cases top 2 million in the u. S. As the number of infections rise in texas, california, and florida, all recently reopened states. Not even thinking about thinking about raising rates. A dovish jay powell sends global stocks and treasury yields lower. Most fomc measures see rates zero through 2022. It raises concerns about the real state of the economy. Nd capitalizing on chaos Goldman Sachs makes 1 billion from the oil market turmoil. Drivingp sees its bond trading revenue. Big on europe. We are seeing futures. 2 losses point two losses on the indexes. Most of the major indexes were less than 1 . Drops in the u. S. After that fed meeting. Jay powell saying hes going to keep rates at zero through 2022. It looks like the market is now concerned about the strength of the underlying economy considering those comments. U. S. Futures down 1. 5 in terms of the dow and the s p. Anna in terms of the underlying economy, concerned also about the rise in the rate of infections in the
And a call for unity the challenges facing south sudans military trying to come together after years of conflict. And sports breakout season has hit a new high the chin is in breaking world number 3 carlina prescription reached the quarterfinals but. We begin this news with a decisive battle in syria rebel forces are desperately trying to hold out against a government offensive in a key town and if the province a stream of Turkish Military reinforcements to support the rebels is moving toward the front line city of socket Opposition Forces captured sarka of a nice reversing one of the main gains of the governments devastating russian backed offensive in the region. Is in the outskirts of the city of santa with more. Let me. In for all of you about what in that they live here we are exactly on the m 4 highway connecting aleppo with latakia this highway leads to the Meeting Point with the international attempt 5 highway connecting aleppo and damascus so i could see these the point where
In china. Stocks declined. Can the fed decision tonight we light the fire . Claimsparibas secondquarter income gains, while Credit Suisse outperforms. Tidjane every quarter has been really mixed. First quarter was. Good, Second Quarter started negatively, then we had strong growth. June was the best month in 42 months, so it was very contrasting. Anna and apple gains in late it. Ing after advancing can push u. S. Stocks to another record . Matt, good morning . Matt good morning. We are less than a half hour away from the start of european trading. Look at the offshore yuan, this is a threeday chart, we had a jump three sessions ago but had started losing some ground. This basically means that the yuan was getting stronger as it comes down because the dollar is priced in yuan. After the trade talks ended, we have gone straight back up to 6. 9. The concern is that the more pressure on china in terms of trade, the looser they will be in terms of the band around their currency, and they co
Welcome to post9. What do you think . We were down as much as 200 points on the dow earlier today. Now were down just 16 points. I think it really what were getting a feel for here whether you thought there was a 50 basis point coming or 50 base point rate cut coming, i think it goes off the table. It hit bull the hardest which is that inflationary hedge. It pushed gold lower equities have recovered but the moves we saw in bonds and dollar havent retraced steps. Shows the resilience and risk on sentiment that investors have. Thats what i was watching throughout the session when you saw equities lower and bonds lower you need one to break one way or the other we saw continued selling in bonds but a little bit of recovery in equities what were seeing on the screens they really arent down too much s p futures down its interesting to see what happens on monday when everybody comes back from the hampton. We only have one basis point decline for nasdaq any positive close for the main three i