Index, just marginally down. The real story has been the bounceback after last weeks fall for bitcoin, approaching record highs. 19,595. 1. 1 to the upside. Drivings within opec that crude oil price down. Lets look at what is going on in the emerging market context. Asian markets are bouncing back nicely after yesterdays big move to the downside. What has been responsible for this change in mood . , onethink first of all should partly see yesterdays price action as an anomaly. I think the Way Investors are now returning to the positive things like easy fed policy, Global Economic recovery, which was confirmed by asian pmis and the index that just came out, and optimism about vaccines. Juliette and your team has written a piece on the e. M. Currency outlook for 2021. It reads quite positively. What is the basis for all that optimism . Maybe there are three reasons. First, valuation. We believe that emfx is undervalued and conditions should be conducive to pushing them into overvalued te
Red flag the main yield is nearly inverted and germanys benchmark bond yield hitting its own alltime low after weaker data out of the economy. And the spice returns earlier than ever. How starbucks is planning to bring a little fall to its late august menu. Its wednesday, august 14th. Worldwide exchange begins right now. Good morning welcome to Worldwide Exchange. Im dominic chu. What youre seeing here, lye shots, live pictures of hong kong the citys International Airport resuming checkins today after days of mass demonstrations and disr disruptions. First heres how your money and the Global Markets are setting their day up stock futures indicating the dow will open slightly to the down side marginal losses, about 37 points the s p would open down by 5 points if these losses hold into the regular trading session and the nasdaq off by 14 the dow is coming off its best two day stretch in two months thanks to a cooling off of trade tensions between the u. S. And china with the Trump Admin
The ftcs settlement of its back and the stock climbed towards highs in the session. Romaine lets go to our markets reporter. I am looking at the u. S. Dollar. We did not see the same action and the dollar despite the rally. We see the u. S. Dollar slipped for a Third Straight day versus major currency competitors. Investors are trying to haven currencies they happen to outperform during the day. In the amid turbulence markets and resurfacing u. S. China trade tensions. Traders are weighing concerns for Global Growth and the outlook for the u. S. Interest rate cuts and the rise in american Producer Prices added some pressure on the u. S. Dollar. I was looking at the record highs we had. Lets focus on the s p 500. The second consecutive closing high. Above 3000 for the first time. The day,ed. 4 through enough for the superlatives. We really ground higher through the day. Todays gains were set up by fed chairman jay powell, his comments pointing toward easing Monetary Policy at the end of
This coming after an explosive hearing at hill between democratic lawmakers and former i. C. E. Chief tom homan. Im extremely frustrated. Im not calling on you, sir. Of course not. Your comments are disgusting. I find your comments disgusting as well sir. I served 34 years. Charles National Border Patrol Council president , workers at one minnesota shipping facility using amazon prime day to go on strike, what they are going, what are we going to find out how we impact that juggernaut that is amazon. All that and so much more on making money. Charles treasury secretary steve mnuchin. Thank you for being here. Recently as you know there has been a great deal of interest about Digital Assets including cryptocurrencies such as bitcoin and libra. There are many regulatory, and supervisory questions regarding libra, Virtual Assets and Virtual Currencies but i will focus primarily on the serious concerns that the treasury harassing growing misuse of Virtual Currencies by money launderers, te
Making policy for all to see. A lot has changed but today that is more relevant than ever. On television and online, cspan is your relevant provider. Treasury secretary, steve manuchy held a conference at the white house on how they will use crypt to currencies and that facebooks currencies could be used by Money Laundering. And asked about the freshman tweets by freshman lawmakers, he said he didnt find the tweets racist. This is about a half hour. Good afternoon, everybody. Thank you for being here. As you know there have been a great deal of interest about crypt to assets such as bitcoin and libra. There are many questions regarding libra, Virtual Assets and virtual currencies. I will focus primarily on the concerns the treasury has about growing misuse of cryptocurrencies by money launderers, and financiers and other bad players. Going to capital hill, going to congress about the cryptocurrency, libra. In the International Community there has been a great deal of activity recently