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
Blake, but that never seems to be the case anymore. Take us through first of all the treasury secretarys call with these ceos. Reporter Christmas Eve should be a nice day where you roll up the computer, kind of see where the day takes us. Not today, though. The president once again going after the Federal Reserve. He sent out this tweet just a little while ago in which he said the following. Quote, the only problem our economy has is the fed. They dont have a feel for the market, they dont understand necessary trade wars or strong dollars or even democrat shutdowns over borders. The fed likes a powerful golfer who cant score because he has no touch. He cant putt. This of course comes after the report over the weekend in which there were reports out there that the president had been discussing potentially the job status of jay powell, treasury secretary Steve Mnuchin had to take to twitter over the weekend and sort of tamp that back, at least brush it back. Heres what mnuchin said. Quot
there is all on very light futures. oil stocks have been trading in nearly the same direction every day for the past month. asia overnight. we re not being big moves. a fallout for that massive explosion in china continuing. shanghai was up 0.75%. we have some news to tell but. i can t believe this is real. apple planning a big announcement in september. but the big question is whether we can expect more than an iphone in maces. the new speculation this time is about a car. i know we ve talked about it before. but this is totally different now. the guardian newspaper reporting the company is building a self-driving car. it s looking for locations to test it. the report says apple is further along than many suspected. if you read through the story, it s real. assuming the reporting is right, they talk about the location of where the offices are, the garages, all of the things that they tested and built out, the people that called on the record. there s a guy on the record
citing the president s words on the campaign trail. president trump is proposing budget cuts across the increase inor an defense spending. the state department would be cut by 28%. the environmental protection agency would be cut by 30%. the pentagon would be increased by 10%. lindsey graham caused the cuts dead on arrival. the spread of populism, giving win. s party a big turning back a challenge by the anti-islam freedom party. wilders did worse than the polls .redicted he proposed blocking immigration by muslims. in asia the china central bank is in step with the federal reserve. the bank of china increased cost of borrowing in open market operations and on medium-term lending. the central bank said the increases do not equate to interest-rate hikes. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. , this isa cehic bloomberg. equities, bonds, currencies, commodities, we saw great move off of the fed action, a more do
if you look at the yen, to see how the markets are focusing up on all this, the dollar/yen looks like it s sitting at 101.52. the nikkei up by about 2% on this. a lot of options that the bank of japan had. this is not one of the four major ones people were anticipating. a bit of a head scratcher. jim can make make sense of it later on. i was listening to worldwide exchange driving in. it s a little wonky. just trying to fix ten-year bond yields, but probably all about the yen. i don t know what to make of it. here s the thing. this is the wall street journal saying yesterday stocks moved up based on it. the dow edged up as investors awaited policy decisions. the bank of japan is the big the bank of japan, for the hard core investors, this is the game. i will say, jim can clear some of this up, by not easing further, by not luring interest rates one more time, by saying they won t buy more in bonds, that may give our federal reserve room in terms of going ahead