Jonathan it was better with cable down and the euro at 1. 17. Alix talking about cable, take a look at the gilt market. In the gilt market you are seeing yields up about four basis points. After thetively flat data out of the u. K. Unemployment and wages. Dollarmex down slightly. Aluminum missed, down 1 . David it is time for your morning brief. We will start out here in from two fed president s, bill dudley and Robert Kaplan in a discussion. U. S. Nutes later we get Housing Starts and Building Permits for september, and the Senate Finance committee will meet with President Trump. Jonathan chinas president xi jinping laid out a roadmap to turn the country into a leading country by 2050. He warns there may still be a bumpy road ahead to success. Our development is due within a great situation. Slight but our challenge is tough. Jonathan opening chinas doors to foreign businesses and monetary policy. Joining us are Tom Mackenzie and enda curran. Just run us through the highlights of what
We get adp, weekly initial jobless claims and trickling out all morning, may auto sales. Fracturingsn and you manufacturing results. Jonathan for the last 24 hours its been all about the financials. Declining trading revenues. 3 wall st executives in 24 hours went into inspect haitians expect expectations management road. Mode. Jpmorgans cfo at good the sentiment. Bloomberg spoke with james gorman who is knowledge to he is seeing a similar trend. I think it would be hard to be anomaly. Have similar kinds if not the same in some cases. Theres enormous uncertainty which typically would read tremendous volatility and its not. Its was very passive perspective. The Downside Risk at this point is up weighing the offside risk. Now,han joining us Charles Peabody. Lets just begin with you very quickly. Anr take on what seemed like orchestrated move by 3 wall st executives to come out and temper great expectations. I think the expectation was that we would have some sort of seasonal slowdown. Th
From jackson hole. At 8 30, we get u. S. Weekly initial jobless claims. Then july existing home sales. Attention is raised join us to set the stage is matthew boesler. Janet yellen says it she is going to talk about Financial Stability. What does that mean . Matt im looking forward to what she has to say on this topic. We got a wide range of views on Financial Stability in the latest minutes of the july fomc meeting. The Financial System is so much stronger now than it was in previous expansions. We shouldnt have to worry as much about the Financial Stability because the fed has been doing its job on a regulatory front. Theres one participant in the stressed raisingmade rates gradually would be the best way to strike a balance between maintaining Financial Stability and its inflation and employment goals. Its not clear yet what is the consensus about using Interest Rates to address Financial Stability concerns or not. David that is one of the questions if you take Interest Rates and Ba
Eking out a ss gain. Gold pretty much goes nowhere nd oil relatively flat, but under 50 a barrel level. House of to the forons introducing the plan brexit. The European Union. E will monitor it for the headlines and bring them to you as they develop. Want to bring in simon kennedy. In the last 24 hours, how has this moved forward in a any shape or y in form . I think the big take away is europeans said before yesterday, they continue to say after it. If you thought there was a the , if you thought europeans werent serious about arious issues, refusing to discuss the tray deal before the divorce was settled, yesterday of a wakeup call. Across the region from angela the Eu Council President the message was, were onna sort out the difficulties first, the divorce, the budget border ow to have a between the two islands. All these issues. Ones were not discussed. Would prefer to discuss them deal. A trade the new trade deal is going to have to wait. Simon, trying to make this approach. A ble
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