A live update. Yeah, cheryl was right, markets are losing a bit of steam late in the session. The s p as i said, kind of straddling that line. Its up two points right now but the nasdaq which had been up, is now in the red, negative by 13 points. It was headed toward a second Straight Record close. Dont worry. Thats not necessarily in the rear view mirror. Weve got again, now its 59 minutes, we will see. Are we witnessing the start, though, or at least the original sounds of a correction . Our floor show traders are about to play defense for your portfolio. From white claw to bud light seltzer, now the seltzer wars, those hard seltzer wars are really bubbling up as a new competitor joins the battle. In a fox business exclusive, we have the president and ceo of Anheuser Busch north america to respond to cokes new challenge. And we will take you for a ride. This is so cool. On the new socalled fun utility vehicle. The ceo is here to show it to you but also to talk about how everyone from
Breakers were triggered first thing this morning across assets. 59 basis points on the 10 year yield. That is about a 10 basis point shop. A tiny bit of money coming out of u. S. Treasuries, maybe a little bit of stabilization. Crude oil down 17 . Did we think we were coming into this this morning . 34. 25 on a new front on a war between russia and saudi arabia on oil prices. The dollar index is weaker by the more than. 8 . The yen is the strongest currency versus the u. S. Dollar, trading at 1. 02. Euro and sterling stronger versus the u. S. Dollar. Some of the worst hit industries in the s p 500 are the Energy Industry and the bank industry. Energy down 16. 5 . No indication of what will happen with the debt outstanding of many of the companies. High yield is selling off as well as investmentgrade. It is across the board. The yen is trading at 102. 53 right now. U. S. 30 yeare, the is now only off 26 basis points, which is the benchmark we should be looking at. Brazil is up 8 , germa
The committee will now come to order. Before we get started. We have to win this panels this morning. Senator brown and i will give our opening remarks first and then we will hear from Senators Gardner and merkley. Once the senators have finished their statements we will proceed with our second panel of witnesses. Today the committee will hear from witnesses about the challenges that state sanction businesses in the cannabis industry have one trying to access mainstream Financial Services. Under the controlled substance act, marijuana, or cannabis is currently considered a schedule one drug. Being categorized as a schedule one drug means that the possession, distribution, or sale of marijuana or other marijuana derive projects is illegal under federal law. Any protests proceeds from cannabis remain subject to anti Money Laundering laws such as the Money Laundering control act. In the last several years many have used legalized marijuana in some form. Whether legal or recreational. Use
The committee will now come to order. Before we get started. We have to win this panels this morning. Senator brown and i will give our opening remarks first and then we will hear from Senators Gardner and merkley. Once the senators have finished their statements we will proceed with our second panel of witnesses. Today the committee will hear from witnesses about the challenges that state sanction businesses in the cannabis industry have one trying to access mainstream Financial Services. Under the controlled substance act, marijuana, or cannabis is currently considered a schedule one drug. Being categorized as a schedule one drug means that the possession, distribution, or sale of marijuana or other marijuana derive projects is illegal under federal law. Any protests proceeds from cannabis remain subject to anti Money Laundering laws such as the Money Laundering control act. In the last several years many have used legalized marijuana in some form. Whether legal or recreational. Use
It is not but we are thrilled to have you here lets take a look at where the u. S. Equities are. Dow up by about 72 points. With these gains, the dow would actually erase the loss for the week at these levels s p up about eight points. S p up around 7. 5. Youll see the 10year note is yielding 1. 716 Global Markets continue to follow the headlines learning trade talks between u. S. And china are set to resume october 10 sources say Vice President premier lu will represent the delegation weve had lower level things happen but this is the next big event. Its the back drop amazing. Trump keeps plugging away. There is so many Business News headlines i think Portfolio Managers are losing sight we are coming up on the quarter. The dollar rally but most of the conversations im having right now, it centers on the Fourth Quarter of last year everyone is reflecting upon it and thinking to themselves basically, you go into the Fourth Quarter of a Football Game with a 207 lead and end up losing 272