Become free once again on the edge of default. Kathleen lets look at how u. S. Stocks ended on friday on wall street. As a matter of fact, they have opened down nearly a percent. Lets just bounded off. Not too surprising. Much was expected to happen. , they small moves within a 10th of a percent in either direction. A couple big things happened. Fell tosumer sentiment its lowest level since 2016. If Consumer Sentiment slips . Markets were expecting to have 110p and they billion on all kinds of import to the u. S. And on top of that, over the weekend, as expected, chinas purchasing managers in august. Ing again so many things are adding up to what the Bloomberg News team says it could be a volatile month for stocks again. For august, it was the first klein since may. Argentina, hong kong protests, it will be a test for equity markets around the world. Paul lets check in on the first word news. Hurricane dorian has made landfall in the bahamas as the strongest storm ever recorded there.
If you build it yankees will come and iconic baseball movie getting the mlb treatment, it is friday, august 9th fbn am starting right now. Welcome to fbn am l im lauren simonetti. Good morning im Tracee Carrasco in for Cheryl Casone what a week. What a week ending right where we started so lets take a look at how your money is moving this friday here in the u. S. We are seeing a triple digit decline dow futurings are down 100 points nasdaq down 50. Pretty volatile, summer week which is odd. All right lets tick a look at the yield on the tenure treasury right now. You can see pointing down, 1. 71 nine basis points below. International agency has come out and downgraded once again the global nangd forecast, how far about, the price of wti is gaining, that half of one percent 528 lets split the board also show you another that is right to safety going on as investors are git is rei gold is up another 1514 the ounce. Taking a looking at stockses in asia right now. You can see a mixed board
Morning along with california congressman darrell issa, great to see you this morning. Rnc chairman mcdon isle is here to talk boycotts and debate as well, acting director mark morgan to talk immigration and former ceo of toysrus, former target chairman jerry to talk u. S. China tariffs, taking a look at toys, former Federal Reserve chairman, capitalism in america, Alan Greenspan, talking Global Market and the fed. Dont miss a moment of it. Futures lower, lots of nervousnesses over the china situation and tariffs, yesterday markets finished up with encouraging economic data, fears of global slowdown, sparking up rally, nasdaq up 176, the u. S. Maintains pressure on hauwei, washington refuse to go grant licenses for u. S. Companies to do business with the Chinese Telecom giant after beijing refuse today buy american products, this according to bloomberg. Tit for tat continuing for hauwei and the u. S. Well, its about cooperation and noncooperation. President trump and the administration
With the Corporate Tax cut, but there was one industry that got a bigger snub last night than any oscar wannabe ever has gotten. This one could drive a new wedge between congress and the white house. It involves a lot of money, were going to explain. And talk about a snub. When it comes to Mark Zuckerberg and the winklevoss brothers. A wedge doesnt do justice to the bad blood that may be boiling between the harvard grads. A new move by the social network against cryptocurrencies and the rest has us at countdown wondering if zuck is holding a grudge over having to settle with bitcoin billionaires over who really created facebook . Facebook and microsoft earnings on tap. Why millennials may be more financially savvy than we thought. How can you cash in on the governments infrastructure push. And President Trump versus Alan Greenspan . Charlie is about to break that hour next. Youre in the right place. Lets start the countdown. We need to get to that very scary situation right now in virg
And water cannen cannons use today break up the crowds and Melania Trump blocked from going to an event. And in june, much better than expected. U. S. Futures, saying that stocks will open higher. The dow up 45 minutes. When we open up for real in about a half hour. The Democrat Party trying to come up with a slogan for the 2018 elections. One of the top contenders, check this out. And Varney Company starts right now. [crowd chanting] while the rest of us have to work for a living. Thats the scene outside the g20 in germany. I dont know whether bleak burman has a riot shield, but whats going on. Fine this morning. It got interesting last night, stuart or ashley, sorry. The protesters are back out this morning in hamburg, a big city, not where we are right now, but another spot for the city and this is having an impact on several, including the first lady, Melania Trump. A spokesperson for the first lady telling me this morning that at her residence, Hamburg Police could not provide cle