Significant rally, up eight at the opening bell, a gain of 55, urging the fed to cut rates. We wait to see when the fed is. Some money coming out of treasuries. I want to see it but cant, dont have it but it is up from the historic low of one. 03 , it is one. 12 as we speak. Politics. A mad scramble by the democrats to support joe biden and beat back the bernie challenge. Amy klobuchar and Pete Buttigieg throw their support to biden, beto reappears to back him up. This is desperation time. Today bernie is expected to win the california and texas primaries, all hands on deck for the moderates, they are panicked at the thought of the bernie nomination but there is still bloomberg. He says even if he doesnt do well today he is not bowing out. Democrats are locked in a 3way battle, totally split, at war with themselves. Just wait till you see joes latest gaffes, that is plural. Varney and company is about to begin. Tomorrow is super tuesday. I was waiting for a black man to pick me up and
Moving averages with big tech leading the decline Global Market slump after the u. S. Manufacturing i assume tumbled to more than a decade low sparking fears that a recession may now be unavoidable as a fallout from the china u. S. Trade war has now spread historically equity returns are the worst when the eye is on manufacturing drops from levels below the 50 threshold whats even more concerning now though are the details about print new orders employment and production they were all either soft or had to tear it even further only 3 of the 18 industries in the survey reported growth the lowest figure since 2009 adding to the bad news European Companies are set for their worst Quarterly Earnings in 3 years the latest data lifted the feds bond rates futures sharply with the november contract now pricing in an 80 percent chance that the fed will cut interest on a 30th in monetary terms it looks like we are at a race to the bottom of the e. C. B. How reintroduce. Q. E. At 20000000000. 00
Dow plunged more than 500. 00 points to break both the 50 day and the 100. 00 Day Moving Averages with big tech leading the decline Global Market slump after the u. S. Manufacturing i assume tumbled to more than a decade low sparking fears that a recession may now be unavoidable as a fallout from the trying to us trade war has now spread historically equity returns are the worst when the i as a manufacturing drops from levels below the 50 threshold whats even more concerning now though are the details about print new orders employment and production they were all either soft or how to tear it even further only 3 of the 18 industries in the survey reported growth the lowest figure since 2009 adding to the bad news European Companies are set for their worst Quarterly Earnings in 3 years the latest data lifted the feds bond rates futures sharply with the november contract now pricing in an 80 percent chance that the fed will cut interest on 30th in mana. Terry turns and looks like were at
A laggard in this entire rate cycle their funding stresses in the repo market that are not going away and now we have just witnessed vision literally detonating overnight destroying confidence in all similar v. C. Ventures and capital and liquidity are now scarce and getting scarcer we are now in the quad Witching Hour with the nasdaq below the 100 Day Moving Average the dow below the 100 day the s. And p. Blue below the 100 day and finally the russell 2000 below the 200. There is news on a relatively neglected front of the troubled ministrations global trade conflict with both allies and declared adversaries today the u. S. Has won a round in the World Trade Organizations arbitration system in the latest up or so to the long running case over european subsidies and analogous u. S. Support for the boeing company in their latest ruling on the 15 year old case the panel of 3 corporate lawyers deciding the case found that a. Subsidized loans for airbus caused harm to us competitors valued
Are increasingly likely to be made as early as next month. Here to check in with us on the euro zone braggs and everything in between is hell a for which board member of the British American Business Association so hilary 1st of all on the e. C. B. Meeting there really consistent with mario draghi recent statements but how much is new here and terms of the multiple intervention strategy where they hope for mutually reinforcing a fact and then this idea of a cure deposit rate well actually some of its new in front of it isnt so new that what theyre talking about in terms of this in the wrong approach is that its the asset purchases and also reducing Interest Rates and that is going to be actually happening globally if you look at whats happened also in thailand new zealand india same thing and you look at the bank rate cut by the fed in july whats happening by the European Bank i think the only thing thats really surprising is that when there are sort of it when theres a lot of turmoil