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Manus a warm welcome to daybreak europe live from dubai and london. The question is who will plug the gap of the saudi aramco outage . A couple oft million back online in the next couple of days. Come is the extra going to from and how quickly will it hit the market . Nejra from the saudi reserves . Will the spr be enough . We dont have an update. The key question is still out there. Looking ahead to the fed, how might it take this . How will it fit into the Risk Management . Manus markets looking for another 50 basis points. Spike risk of an oil going to counteract the strengths of the consumer . E a quick sweep to the through the market. Have brent over two days what you are seeing this morning is more relevant, the drop of a 1 . The market is hoping the special reserves will be released. And the Oil Producers will come together online and plug the gap. Of is concerned. The ....
Has been a tumultuous quarter. Plus, a rough quarter for ipo shares of ab inbev and Bernie Sanders corporate tax, the 2020 president ial hopeful out with a new plan calling for a tax on companies that pay their ceos way more than their workers it has been a roller coaster ride for stocks in the Third Quarter as we enter the final trading session of q3. Dow and nasdaq aiming for a Third Straight quarterly gain. Mike, awe kn mike, as we know, we went into the month thinking big, bad and scary. I think thats actually the story for the quarter too, the market held itself together and preserved these levels it was at, just about at old highs. Without really a ton turning for the better the way you can look at it is the cost of two and maybe a third fed rate cut was not that steep in the way of suffering through really bad grow ....
I am Francine Lacqua here. First to the markets because there is a lot going on. We are covering brexit. It is not only about brexit. There is a lot going on in the wider market. I am looking at oil. The implication of the Saudi Arabia Oil market, because the king will meet the minister for oil and petroleum. We will see what impact that has on their policy going forward. 6. 92 for oil. You can see the index unchanged. Chiefiller speaks to the executive at the herbert motor show. About brexiteaking with lord adonis soon. Said the Prime Minister plans to defy legislation requiring him to ask eu for brexit delay. That comes after the resignation why she couldnt stay on. I supported Boris Johnson and his approach and i was right to do that. The consequences now, one ....
Conference calls later this hour fire sale. Sharps at nordstrom down almost 10 today. The traders assess the damage. Plus would you rather . Home depot getting the downgrade after lowes gets the upgrade whether they nailed it or not. In taste you hadnt heard foam is fed day steve leastman lays out the big picture from the fed survey. Wall street expects the Federal Reserve to cut Interest Rates tomorrow amid growing concern about economic weakness recession fierce and the trade war. 100 of respondents to the cnbc fed survey see the fed cutting rates by afare quarter point after announcing results of the september meeting, nearly all expect another quarter point cut by year end. The problem is that forecast for lower rates come with a reduced outrook for u. S. Growth and increased probltd of recession the schans of a recession in the next 12 months soared to 11year high of 32 ....
Is a fitting continuation of what we had in august. Take a look at this chart going back to the fed meeting. That kicked off this downside volatility. Tons of headline risk, but up and down, it tells you that nobody knows. A lot of uncertainty. A real battle between the bulls and the bears. It moves upr or not to alltime highs or back toward last years lows. And is a longerterm chart it may speak more to the range starting in 2018. It is pretty useful. We are looking at volatility on stocks. In yellow, currency volatility and in blue, bond volatility. If you look at starbucks year to date through yesterday, the coffee chain was up 50 . One of the top 50 stocks in the s p 500. Today, you mentioned volatility. Just a bit of a roadblock. There you can see, down 7 10 of a percent, but nowhere close to where it was earlier today. Starbucks had fallen more than 3. 5 at the low point. This was after an investor presentation, executives at starbucks did tell investors that the 10 plus percent ....