moment right now the dow is down by 33 points take a look at what happened to equity markets overnight in asia you ll see that the nikkei was flat the hang seng was down by .8% and the shanghai composite up by .1% in europe there s active trading taking place in the markets. you ll see it s a little bit of a mixed picture. three major averages are weaker with the ftse down by .5%. italy and spain are seeing stocks higher and then finally check out the treasury market here in the united states. this has been the thing we started watching so closely yesterday. you did see an inversion of the yield curve with the ten year yield challenging the 2 year yield. right nowit s slightly above the 2-year as it should be at least. that inverted slightly yesterday late in the session. right now 10-year is yielding 1.581% the two year is yielding 1.561%. we re getting close on that again. that and maybe this as well investors suffering a bit of whiplash this morning as president trump ch
three major averages on direct post to the biggest annual losses in a decade look at what s been happening with treasury yields 2.732% 30-year up just above 3% and if you check oil prices this morning, too, oil prices right now are up 1%. here are the big stories we re watching growing optimism about u.s. and china trade talks. president trump said he said a very good call with president of china xi jinping the president added in his words big progress is being made and new economic data out of the country. the manufacturing sector did contract in september. as we close the book on 2018 we can officially say the chinese markets are their worst performance in a decade. major indexes were down 24%. the two big drivers of course were u.s./china trade relations and a slowdown in the chinese economy. the dow and the s&p are on pace for the worst december since 1931 that was a tough one the worst month since 2009 the dow is down 6.7% on pace to break a two-year winning streak wit
60 points after the dow closed at a record level yesterday. the s&p closed lower yesterday all the major averages moved off the highs of the session this morning the s&p is indicated up by 5 points the nasdaq up by 10. this came after the fed s decision and after if looked clear that republican leaders reached an agreement, at least in principle, on where they re headed with the tax bill we ll talk more about that green arrows across the board this morning in asia, the nikkei looked like it was down by a quarter percentage point similar declines for the hang seng and shanghai. this morning in europe, with some of the early trading, you will see that there are some declines across the board. the biggest loser is the dax down by a half percentage point. cac in france is down by 0.4%. we have the bank of england and the ecb going to be releasing some policy statements today check out crude oil prices which were lower yesterday crude oil at 56.59 couple of big economic reports
shanghai composite was flat. in european trading, things are barely changed the dax and ftse slightly higher cac down about 0.1%. italian stocks down as well, but in spain stocks are slightly higher checking out wti, still above $50 a barrel sitting at $50.84 a barrel we re following a developing story out of northern california deadly wildfires burning unchecked there. officials say 23 people have died from those fires. more than 3500 structuring have been destroyed leaving hundreds missing in chaotic evacuations firefighters are battling high winds as they try to contain two dozen blazes spanning eight counties yesterday a mandatory evacuation was enforced in sonoma county. we ll get an update from northern california later in the program. i didn t understand why this had been so hectic why people didn t know to leave and confused they were dealing with winds that were above 70 miles per hour on sunday night when you think about that, that means the fire is moving over
$67 billion. we will break down why bigger isn t always better and especially in the tech world. you look back at some of the other tech merge he wishes in the past, i thought of hue let pack err and come back which didn t work out well, that was $18 million and this one is $67 billion and there is a lot of debt involved in that one. number two in the rankings the evongo come deal. this one does eclipse a lot of these. all your golf eye fish nad dose out to the gary player invitational, talk the business of golf with pros jason duffner and natalie golbas one of us is excited about this. natalie had the great pleasure in the pro a.m. of playing with dominic chu, i cannot wait to hear her view of dom s game. plus the innovation in the auto sector tnls at pace. a special edition of the spark today with a company that says its product can determine stress and road rage. are you feeling stressful? see you after the exchange. i can t wait for that. let s start with oi