The 10 year yield was up 72 basis points after that refunding announcement and the new twentyyear issuance will be bigger than the primary dealers were thinking. The median estimate was for around 13 billion but thats now 20 billion worth of twentyyear bonds being issued. Demand for them and now we are back to the stock market and we are seeing the s p 1 sondred up 4 10 of its recovered those earlier gains. The nasdaq is running away once again, up 1. 2 with several thats are credited for including the lights of beyond meat and stocks you would not normally associate with a climb. The dollar index is above 100, continuing to strengthen but not a huge amount of movement in the yuan. Crude oil is back at the lows of the session, down 2. 4 after we saw the build coming in lighter than the market had anticipated. Quite a hefty build last week but the markets recovered slightly and we are back down almost 4. 5 . The European Data continues to be grim. The European Commission says they could
Markets i treasuries as well. The aussie 10 year yield down 16 basis points and money rush into the end. Oil in a bit of a freefall once again. Brent crude down more than 6. 5 . We areke below 20 and watching indonesia here in particular just coming online. The stock index drops re. 5 . Once again, we are seeing a lot of these em volatilities, back once again. We are watching the pboc after that interesting move to cut the seven day repo rate by 20 basis points so they are joining in on the stimulus ways. Lets get more on this with david ingles coming forward. We are watching u. S. Futures in particular continue to head lower. Lets start with the 7 billion injection into the system. I mean, quite a bit. David yes. A couple of things i guess to get out there. You dont normally see a reduction of this magnitude from the pboc. You also have to consider the fact that we know the economy is not doing well and in fact, the latest forecasts now suggest quarter on quarter, you take the median.
God to be here. Maria investigation is turning criminal now dagen in terms of the origins to have russia probe, we are seeing more and more evidence of really exactly what went down as weve been discussing for the last 2 and a half years. Dagen ability to enpanel panel a grand jury and with bob mueller, the way special counsel worked, he couldnt report to congress, technically john durham would be able to report to congress, again, being out like keeping congress and the public informed about whats going on is going to be very important and flies in the face of what the democrats are doing in terms of this process because its not really impeachment. Maria youre right, we will talk more about that. Amazon stock down, profits fell 26 from a year ago, the companys heavy investment in terms of speed up shipment, the stock is off of the lows last night this morning but still looking at decline of 5 and a half percent, set to lose 40 billion in market value at the start of trading, mitch, yo
rachel: welcome to a special edition of jesse watters primetime. i m rachel campos-duffy and i am in for jesse. biden s cabinet met with the mexican president today. the meeting was close-82 the press and biden team didn t talk to reporters or hold a press conference. but we know the mexican president wants our president to send even more money to mexico and other latin american countries, to fund the government s that keep sending illegal migrants to america. nobody in that meeting wanted to secure the border. there is too much in it for everyone involved. this is more cynical and sinister than you can imagine. while the idea is to make you think joe biden is doing something about the flood of migrants coming to america, the meetings are actually about how they can facilitate the flow more efficiently. during the meeting, the mexican president actually said he wants america to reopen border crossings. this is not a prevention mission, it s a coordination and funding miss
David i learned everything i know from you so im only as smart as you. Two words, incentives matter. Thats the key to the economy. Sometimes two words sum it is up well. Larry, great to see you back. Thank you very much. Im david asman in for Liz Macdonald and the evening edith starts right now. President biden pushing jobs agenda during a labor day speech in philadelphia criticizing trumps handling of the economy and even claiming bidenomics is great for Blue Collar Workers watch. Guy that held this job before me was just one of two president s in history he left office with fewer jobs in america than when he got elected. When the last guy was here, you were shipping jobs to china. Now were bringing jobs home from china. When the last guy was here, your pension were at risk. We helped save millions of pensions with your help. Bidenomics is a blue collar blueprint for america. Its for you. David the president rays raising more eye bros telling reporters hes not worried about a potentia