Protectionism is a drag anchor and governments are not doing enough. U. S. Agrees iran was behind the aramco attacks. Tehran denies that and warns of allout war if it is attacked. Shery lets get you started with a check of the markets in the u. S. We are seeing futures unchanged, after a mixed closed on this theres day. We have the dow moving more than 50 points. The s p 500 finishing unchanged. We had a boost earlier in the session coming from white house Economic Advisor larry kudlow sounding more optimistic on trade. Then we had another trump advisor hinting at 50 21 50 to 100 tariffs on chinese goods. Rising uncertainty on trade, not to mention the oecd cutting Global Growth forecasts. That led to our haven demand bonds rallying for a fourth consecutive session and the 10 year yield sitting at that 178 level. Not see how things are shaping up in asia. We are this friday, potentially seeing a muted start for asian stocks. Bonds drifting as treasuries nudge higher. Tensions will be o
Down 1. 3 for the s p to 42. 82 the nasdaq the laggard down 1. 3 as you might imagine, big tech names are leading the way lower. Amazon, google and oracle seem 2 to 3 declines today more on that trade coming up. Also on the housing front, another weak number out today. New home sales down 8. 7 in august the Home Construction etf down nearly 9 just this month. Big bio tech mover to tell you about, soaring 90 immunovant. It could be an effective treatment to many auto immune diseases. As we mentioned the autoworkers strike heating up and getting more and more political. President biden, joining the picket line earlier today. And we sent two of our best there as well. Phil lebeau and Brian Sullivan phil, lets begin with you tell us where things stand reporter oh, about half hour ago the president wrapped up his trip to a gm parts and Distribution Center not far from here in bell vil,ville, michigan this is what it looked like as the president was greeted by a number of uaw members walking
Francine safety in havens. The dollaryen, 109. 61. We are now rolling over just a bit. The vix still steady but over 15. That has be fixed the vix breaking the 15 level. Gold softer after a big move yesterday. Oil on the front, 5 10 of 1 . Wrappedt is the markets up. Coming up on the program, guests including the eu commissioner of the economic Financial Affairs. Larry summers, the former u. S. Secretary and a ceo. David geopolitics continue to take center stage for business and markets today. Secretary of state Rex Tillerson meeting with the foreign minister in moscow and saber rattling over north korea. We are joined now by our National Security adviser. In new york, we have our chief washington correspondent Kevin Cirilli. Starting with nick, as i understand, the secretaries meeting with Rex Tillerson right now. What are we looking for . The u. S. Has low expectations for these meetings what they are hoping for is for russia to say we will think about it. The u. S. Proposal is that
Over in europe, snapping back, all of yesterdays post, up 1. 2 . The dax fell. Eurodollar, 112. That is not much ammunition. They need for the g7. It is a weaker japanese yen. Yields up a little bit. That is a market that is stabilized. Up a basis point. David lets check in with our bloomberg team. Mike mckee in new york on a possible summer rate hike. We will look at Goldman Sachs to annual meeting we will look at goldmans annual meeting. We will begin in paris with egyptair bound to cairo bound for cairo from paris. It seems that debris has been found. Yesterday, there was a report that it had been found from the greek navy. Not from theat was flight. The Egyptian Army has come out with an official statement says saying debris has been found a few hundred miles north of alexandria, which is the area that is the area with the plane was expected to go down. They found passenger items and bits of the plane. I dont know how long it will be before they can get to a laboratory where they c
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