Well take you live as impeachment proceedings, of course, continue in the house. And a china trade deal hangs in the balance. Welcome to closing bell, everyone, on this big day. Im wilfred frost. And im Morgan Brennan in for sara eisen phase one trade deal may not be completed this year. Retail is recovering with target and lows shooting higher on strong earnings and fed minutes just out officials seeing little need for further rate cuts. Joining us for the hour, josh brown, ceo for Wealth Management. Whats happening . The president stepping off the plane. Yeah. Look at this. Dow is down 142 points, s p is lower, too. Trade, is trade once again dictating the action again today . At the margins. I dont think the majority of Market Participants are making big changes in what theyre buying and elling. Even if theres resolution on, quote, unquote, phase one, will be with us for the duration. If you are somebody who was going to make a radical change to portfolio based on trade, youve had t
That comes up against the weak anecdotes we keep hearing about. The beige book did not sound like the robust economy. I dont know what you are hearing from the companies and everything. It is not robust news. The question becomes not so much the strong Third Quarter. The question is in the Fourth Quarter and if the fed wants and needs a slowdown to feel comfortable about inflation. I dont know if we have the problabilities available. The first is the tenyear note which is darn close to 5 . 4. 98 was the top overnight. It is now down a bit. The second is limited or almost no chance. Quickly, ill give you the probability. 5. 7 for november. It jumps up to 39 for december. Then it is 47 for january. If you hear from the companies, mike, i say most of the ceos are concerned about what is coming. Generally, that is true. If you get a slowdown, it doesnt usually happen precipitously. I think the market wants the ability to try to start to focus fully on companies and on exactly how the busin
Haidi welcome to daybreak australia. We are counting down to asias major market opens. Annabelle im Annabelle Droulers in hong kong. The top stories is our, positive move as the u. S. Inflation gauge slowdown reinforces fed cuts as early as september. Wall street stocks closing at fresh record highs while bond yields retreat. Japans megabanks forecasting Record Net Income as the boj moves away from negative rates, seeing a combined windfall of 21 billion. And china tech earnings on the way. Well bring you jd. Com and baidu results. Haidi take a look at how we are setting up in asia, set to rally after u. S. Stocks and bonds climbed on indications of slowly but surely slowing inflation data from that cpi print. The takeaway was that potentially provides affair with a little more room to start easing sooner, even as weve heard from jay powell that in the face of lacking evidence of disinflation or pressures that we may be staying higher for longer. Its a pretty robust set up, sidney futu
James meets a Community Divided by lithium mining. This one patch in the middle, thats the only player not clean, now and thats really scary. And alastair test drives the Brain Scanning Tech that may improve the performance of racing drivers. We have seen something just about average, just above average. Ive got a very average brain over half of the uks Transport Emissions come from cars, so to help reach climate targets, the government had banned the sale of new petrol and diesel cars from 2030 although that has now been pushed back to 2035. Even with a few extra years added, this is still a huge change for car owners and makers. Some manufacturers embraced electric early but bentley was not one of them, so how are things going now at its hq . Luxury leather interiors and all the Wooden Dashboard and trim from the exact same tree to make sure it matches. It takes around 130 hours to craft one of these cars. Although bentleys are generally bought for their owners to drive themselves ar
Car owners and makers, some manufacturers embracing electric early, but bentley was not one of them, so how are things going now at its hq . Luxury leather interiors and all the Wooden Dashboard taken from the exact same tree to make sure it matches. It takes around 130 hours to craft one of these cars. Although bentleys are generally bought for their owners to drive themselves around, for anyone that has a chauffeur, this one also has screens in the back. When you think bentley, well you are probably more likely to think about this kind of finery then you are where the nearest Electric Charger is, well that, and the pricetag, they start at 169,000 for the most basic. So is it worth it . It 169,000 for the most basic. So is it worth it . Is it worth it . It gives you 207 miles is it worth it . It gives you 207 miles an is it worth it . It gives you 207 miles an hour is it worth it . It gives you 207 miles an hour and. Is it worth it . It gives you | 207 miles an hour and that is it wor