Volatility in the markets today, it could had into it during the election next week. Speaker nancy pelosi had a conversation with treasury secretary Steve Mnuchin late this afternoon. Well have more on what we know about that conversation here as we bring in our reporters. Fox Business Team coverage. Blake burman at the white house for us. Today were starting with Ashley Webster on the market selloff. Ashley . Ashley what a day it has been, connell. All sorts of skittishness and fear on wall street. Fear of a second wave in covid as weir seeing in europe. Fear of the unknown when it comes to the election just eight days away. Fear congress will be unable to finally agree on a stimulus bill. You put it all into the hat. This is what you get as a result. The dow off 650 points at the close. But was way down more than that. 950 at one stage. The s p down nearly 2 . The nasdaq also down about 1 1 2 . All 11 sectors on the s p 500 finishing down on the day led by energy, tech and industrial
For the first time, and j. P. Morgan strategists move up their prediction for subzero 10 year yields to 2021 year clueless, donald trump attacks jay powell saying the fed is holding the u. S. Back from big rewards and games, we will win, he says. Maersk ceo sounds a negative note on the Global Economy even as the Company Beats estimates on operating profits for the Second Quarter. Good morning and welcome to Bloomberg Markets european open. We are looking right now at a safe haven bid that continues across assets. To the levels we have previously seen. The japanese yen the past three days, it is that it is at 105. 97, but not at the levels on tuesday. This leads me to believe duration is what investors are looking at. Futures, a bit of a bouts in terms a bit of a bounce. The ftse futures are up a little more than 0. 25 . The u. S. Government bond market is sounding recession alarms. Risk year assets jeweled the 30 year bond yield to a record low inversion. U. S. Stocks suffered another
Dead for 24 hours before being found by the property manager. Jasmines parents live in the brofrpg and she attended high school in Richmond Virginia and four woks ago she got her degree in Occupational Health from the Drexel School friends are pouring out their grief on social media neighbors are frightened and upset. Im so sorry for her parents, oh my god. This was not a case of stranger danger and they are making Good Progress with their investigation. Live in west philadelphia, david henry, channel 6 action news. Thank you. A 32yearold woman is row covering after getting hit by a stray bullet while driving her car last night police say she heard several shots as she was near 17th street and susquehanna avenue in philadelphia one bullet sliced through the back of her car and hit her in the neck she felt the pain and did not realize she was hit, no arrests yet. Police in tennessee tried to figure out a motive in yesterdays mass shooting that left four marines dead, 24yearold Muhammad
This and the backlash of trumps handling of charlottesville, the riots. Is americas first ceo president losing . Government saying it wants an interim Customs Union with the eu for a period after it leaves the union. This has pivotal u. K. Inflation data hits later this morning. Matt less than an hour from the cash open. Lets look at where futures stand this morning after a rally in the u. S. Carried through to asia. We are seeing at least three nara green euros here. Those substantial moves, little change of the euro stoxx 50 and ftse 100. Little stronger gains for futures on the backs and cap futures. Take a look at bones, bunds, a threeday chart shows that the yield on the trade this morning really jumped up and is now coming down a little. , looks like a risk off day, or at least investors dont need to hide in the safety of government debt. Gmm,lets talk about the really fascinating stories this morning. Areas we dont normally talk about. Argentinas market hit a record high yesterd
The busiest days we have had in a while. Extending declines at the end of the week, said to be dominated by the central bankers. We are seeing persistent, low inflation. The dollaryen and gold are train lets get straight to the bloomberg first word news. Reporter off the coast of singapore, 10 sailors have been injured and search and rescue efforts are underway after the uss john mccain collided with a cargo ship. Significant damage to the hull triggered this. South korea begin their military drills today, actions that could lead to war. This follows weeks of heightened tensions, including kim jong guam. Hreat to attack the u. S. , mexico and canada have ended the first run of talks on the north american trade agreement, saying commitment to wrapping up the negotiations with a farreaching deal. The next out of talks is scheduled for the start of next month in mexico. A then moved to canada later in september and back to the u. S. In october. Additional rounds are being planned for the