Stay updated with breaking news from Kansas city fed. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
You big bucks and more. All that on making money. Charles so the market has been seesawing all day long. Really all eyes on the Federal Reserve, chairman jay powell, what he will say tomorrow at the annual conference in wyoming. President trump tweeted about this today. The economy doing really well. The Federal Reserve can maybe it a recordsetting. The question being asked why are we paying much more in interest than germany and certain other countries . Be early, for a change, not late. Let america win big rather than just win. I want to bring in david dietze, moneymap press their chief investment strategist keith fitzgerald. Let me start with you. On one hand im sort of impressed with the market resolve. Yesterday we had slight inversion. We only lost 60 dow points. Today we had a slight inversion. We dipped little built. Last wednesday we lost 800 points. What is the me ....
Boris johnson beats a brexit blockade in paris as mccrone as Emmanuel Macron says any potential changes to the deal would be minimal at best. Shery we have some big guests coming up on daybreak. First, lets get you started with a check of how markets closed on this thursday session here in the u. S. It was a bit of a mixed picture. We saw the doubt at about 50 points, but the s p 500 gave up morning gains. We had more cautious commentary coming out of that officials when it comes to future rate cuts, so that really helped curve. Rt that 2 10 yield materials and Health Care Stocks leading the declines, weighing on the stock markets. We are also seeing manufacturing pmis coming in a bit soft, so that did not help sentiment. We saw the nasdaq down. 4 as we continue to see fears of recession creeping in. At the moment, u. S. Futures not doing much, but lets see how we are se ....
Slowing. Is said to be china is trying to funnel more credit to private companies. We will assess the implications in beijing. A quick check of our markets close in the u. S. It was a bit of a mixed picture. We saw the dow gained 50 points. The s p 500 erased this mornings gains. Fed officials with a little bit of caution about future rate cuts. To mention we have some soft manufacturing pmi numbers. That did not help sentiment. Cared materials and Health Leading the declines after fluctuated between gains and losses. That fell 0. 4 . U. S. Futures at the moment not doing much. The focus right now is on jackson hole. Lets see how we are shaping up. Steady as we go. Asian futures not doing much when it comes to the potential for how cash trade may start. We are waiting for cues from jackson hole as well as the g7 meeting this weekend. We also have today a busy day of earnings from china as well as from hong kong. We are going to ge ....
There is quite a lot going on. If you look at btps, this is the one thing we need to look at. Stocks, climbing, treasuries, slipping. Retreating. Carmakers leading the gains. Contracts also advancing after the s p 500 index close lower. Lower. Ed towe we speak to the German Economy minister and get his take on the slowing economy. Dont miss that interview at 3 p. M. London time. We are also getting some details from norways Sovereign Wealth Fund about the secondquarter performance. Dani burger has details. Not as bright as we saw last quarter. Fundss sovereign wealth 8 , they hadpoint a gain of about 3 . Comparing that to last quarters return of 9. 1 . I have been digging through some of this report and see exactly what the layout looks like. In terms of how different investments did, Equity Investments return ....