Tiktok is said to be making contingency plans for a u. S. Shutdown, joining microsoft to challenge a bid from oracle. Australia winds up turning season like never before with a recession and record government stimulus. Lets get you started with a quick check of the markets. We are seeing u. S. Futures opening slightly higher. This as we had another record high in the u. S. With the s p 500 soaring for a fifth consecutive session. We have financial and real estate sectors being the biggest gains. We have banks benefiting. Treasury yields were higher. We had the yield curve widening. Powell chair jerome speaking at jackson hole, conveying a dovish and more relaxed approach. Higher yields leading to the dollar rebounding. U. S. Weekly jobless claims remaining above one million. Not to mention the economic gdp numbers contracting slightly less than forecasted due to oil prices looking like this. About 43 ag barrel. We had oil declining through the new york session as laura barreled into lo
His view on rates. Criticism of the fed, President Trump renews his attacks saying Jerome Powell and his team dont have a clue. Lets look at how markets closed. The dow fell for the first time in five sessions. Session,thin trading after the Independence Day holidays. S p 500 down. 2 , led lower by health care and utility stocks for the main focus during the session was on the very strong u. S. Labor report. 224,000,ayrolls rising leading expectations to pare back some of the fed rate cuts. You have treasury yields, 10 year yield also retake the 2 and u. S. Stocks falling from record highs. Lets see how u. S. Futures are looking unchanged. See how the asian markets are shaping up. Sophie futures are looking at a mix of potential gains in tokyo but we could see declines in kiwi stocks under pressure but marginally to the downside. Asian stocks could take cues from wall street action after the u. S. Jobs report. Speaking of jobs, Deutsche Bankers across the region will learn their fate a
Good morning. I am Matthew Continetti director of policy. Thedo american in the price incidents might pleasure to welcome me to this event. 35 years of governmental progress. In 1968 pollen and ehrlich published a the population bomb bomb. Repurpose the idea of 18th century economist to argue that population growth would soon outpace agricultural growth leading tomi widespread famine and other social and ecologicall crises. These ideas to to cold of the embraer American Environmental movement on their planets future. The predictions did not come to pass alarmism over the effect of population growth on the environment as well as a resource scarcity endure at on the left and in recent years the notion that american should stop having children to protect me and environment and was promoted widely by academics journalists and other public figures. According to analysts at Morgan Stanley peers over Climate Change was growing and fertility decline. The environmental and the data on the trend
Adult day care center. Always amusing. Hello from sydney, it is just past 9 00 a. M. We are an hour away from the opening of asias first major markets. Just after 6 p. M. In new york. We will be looking at all the action in wall street playing into the Asian Pacific day. That tweet from senator corker getting over 100,000 likes and counting. Outside of the social media sphere, lets look at the jobs. Paul, we got these numbers that are largely discounting the hurricane impact. We saw the client and payroll. What shocked economists is how robust the wage growth was. Ont has turned all eyes december, almost a sure fire guarantee rate hike in december. You saw markets rattled a little bit by that. S p ending a little lower by that, down 1 10 of 1 . The nasdaq also ending pretty unchanged, there were some tensions with north korea, keeping some bowls at bay. Bulls and they. China is finally opening up where you are after golden week. Paul it will be an interesting day with china coming back
Here is what is happening at this hour. The Labor Department says there were 5. 4 million jobs open in the month of august. That number a little bit lower than expected. Hurricane nicole gaining strength as it heads towards bermuda. The storm not expected to turn towards the United States. Mercifully. And stocks are slightly higher as the street awaits those fed minutes that brian just mentioned. Right now, the dow is up 40 points after yesterdays big selloff. And speaking of the fed, just one factor in play in todays session. The election. Another as investors turn their attention to those socalled down ballot races. Congressional contests that are coming up in about three weeks time. A little more than three. Were going to hit the story from both sides, eamon javers, lets kick it off with bob pisani on the floor of the new york stock exchange. The market appears to believe that Hillary Clinton will be the winner. The problem is they dont want her to win by too much. There are specifi