Down oil and gas production. Haidi hello from sydney. This is daybreak australia. We are talking about the first major market open. Betty i am betty lou. This weekend has been quite eventful. Just what happened over the weekend with Hurricane Harvey, hurricane category four slamming into texas. The fiercest storm and 50 years. The worst hurricane since 2004. A quarter of the production now expectation is it will not hit the whole of the u. S. Economy but certainly texas itself. Lets get a quick reminder before all of that happened how stocks traded on friday. Watching with bated breath what janet yellen was going to say, she was on message friday. That meant the market did not trade that much, not a lot of volatility as we saw by the end of fridays trade, the dow up 30 points. The s p up 0. 1 . The nasdaq trading unchanged. We have a lot had this week including jobs data in the u. S. , likely to dominate the chitter chatter in the market ahead of the data on friday. That is a mixed ope
Top the agenda. In newi am betty liu york. It is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. In hong kong. It seems markets are taking it as steady as she goes. You can also argue she came up more hawkish the first day. It was still too early to conclude inflation was well short of that 2 target. We did see bond markets reverse. Betty one thing we did come away from these last two days, is that the fed is watching inflation. It is something they are on high alert about in terms of whether they are going to hike rates again or gradually delay that. I do not know if this was a jab or not, when she was asked a question about Donald Trumps growth target she said 3 growth would be great, but challenging. I want to pull up this chart for our viewers. Much making how America Great again is going to rely on americans. Meaning, them spending at home. Personal consumption, it has always been a big part of the economy. It has only gotten bigger and bigger and the gap has widened betw