And oil down 6 to 2860 and change oil now on pace for its worst month ever and here is a stat that really sets the tone for how things have been and it comes from our friend ryan detrick at lpl financial. It markets the serventh straight session that was up or down and this breaks the previous record of six such volatile sessions set all of the way back of november 1929, a true sign of the times. All of the markets rising today. It is clear that we are in unprecedented times for the markets and the economy, but we are here for you here on cnbc with the folks working tirelessly around the clock. Bob is downtown and steve has more on the Federal Reserves move and most of the action came from inside the beltway. Lets get to Kayla Tausche with what was live with the white house response. An unprecedented stimulus package the white house is proposing, 1. 3 trillion in relief for businesses and workers whose revenues and wages are grinding to a halt the treasury secretary Steven Mnuchin putt
Tariff will go ahead as planned for many other items on september 1st. And lets check in with our financial correspondent in new york jose luis de haro jose nice to see you markets really jumped on this news today does that mean investors really believe that this could lead to something lasting a long term agreements. Sadly not stephen but at this point any move that does not imply increasing tensions between the u. S. And china is enough to cure investors markets delay as a blink from bad to trumpet ministration trying to deescalate somehow the Current Situation which has a spill into all the way we have such as currencies than and the nation by the us treasury of china as a currency manipulator for example said the conversations between both countries are still conducted over defoe no need to steal not period negotiations will finally negotiators actually will finally meet face to face in washington next september and for now the recent compromise and for another phone conversation i
After trade representatives representatives from the 2 countries spoke on the phone shares of Tech Companies and retailers jumped on news however the 10 percent tariff will go ahead as planned for many other items on september 1st. And lets check in with our financial correspondent in new york Jose Luis A Haro jose nice to see you markets really jumped on this news today does that mean investors really believe that this could lead to something lasting a long term agreements. Sadly nod stephen but im disappointed any move that does not imply increasing tensions between the u. S. And china is enough to cheer investors markets. As a blink from bad to Trump Administration trying to deescalate somehow the Current Situation which has a spill into all the way we have such as currencies than and the nation by the us treasury of china as a currency manipulator for example while the conversations between both countries are still conducted over defoe no need to steal not period negotiations will
A chile expert executive will be responsible to rebuild hong kong economy to engage as widely as possible to listen as attentively as possible so my people scriven says and try to help hong kong to move on but the protests are carried on. The turmoil in hong kong has put pressure on stocks all over the world investors are already rattled at the u. S. China trade war and worries of capital flight from hong kong have added to woes. Hundreds of flights have been scrapped and more disruption is expected. To big question among protesters as much as investors is how long beijings patience for dissent can be tested. Some experts say hong kongs future will be decided by beijing. And the unrest in hong kong has investors worried across the region that includes singapore the city state has already cut as a no growth forecast in the wake of the u. S. China trade disputes its singapore hoddle as an export harm it is highly sensitive to external shocks its now expected to grow between 0 and one per
To rebuild hong kong economy to engage as widely as possible to listen as attentively as possible so my people scream and says and try to help hong kong to move on but the protests are carried on. The turmoil in hong kong has put pressure on stocks all over the world investors are already rattled at the u. S. China trade war and worries that capital flight from hong kong have added to was. Hundreds of flights have been scrapped and more disruption is expected to big question among protesters as much as investors is how long beijings patience for dissent can be tested. Some experts say hong kong future will be decided by beijing. And the unrest in hong kong has investors worried across the region that includes singapore the city state has already cut as a no growth forecast in the wake of the u. S. China trade disputes its singapore hadan as an export hard it is highly sensitive to external shocks its now expected to grow between 0 and one percent only this year those figures marcus sha