Restarting next week thathelped things in asia. In europe, its a bit of a mixed picture. The dax up by 0. 1 you do see red arrows for both the cac and the ftse the ftse, well talk more about Boris Johnson who will become the Prime Minister there today ftse now down about 0. 8 stocks are flat in italy and in spain. If you check out the treasury yields here in the United States, you will see this morning the tenyear is yielding 2. 057 the big story of the morning, shares of Big Tech Companies like google, amazon and facebook, theyre under pressure after the u. S. Justice Department Said theyre opening a broad antitrust review of Technology Firms the review was scrutinikru desie if these companies are stifling information and harming consumers. The Justice Department does not name specific companies, but it is likely to encompass google, foos facebook this is the real first shot across the bow by william barr and the doj. You know you have the democrats, you have the republicans also afte
They are running out of employees. Alix i love nfib good we may have had a bottom but what kind of strength will we see in earnings season . Are we still in a relief rally or do we have firm bottom signals . Eurodollar pretty much flat. We could be in a technical recession. Confidence in europe wound up falling as well. Not a lot of reaction in the currency market. They see 3 rather than 3. 5 . Save haven is a treasury now. And crude up by over 1 . Its the seventh day in a row. Sincest we have seen 2017. David you are on a streak. Time for the morning brief. Today is the start of the Computer Consumer Electronics show. At 1 00 this afternoon the u. S. Treasury will be auctioning 380 billion in threeyear notes and we will hear from the world bank on where it thinks Global Growth is headed. Alix lets get to the bottom question here. This is a chart we are going to be talking about all morning. Basically the Technical Analyst winds looking at momentum off bottoms. What is this telling to
Yvonne certainly a lot of optimism. Soaring whens were it comes to this trade upbeat tone, day three of extended talks here, and both sides saying things are progressing. The vicewe had president the day before yesterday. That surprised everybody. We will get the announcement of further talks, then look at it as a positive. Yvonne President Trump wants to thesef these up markets and get a deal done. David weve been talking about valuations. Pres. Trump tonight i am speaking to you. There is a security crisis at our southern border. Customs and Border Patrol agents encounter thousands of the Illegal Immigrants trying to enter our country. Theme out of space to hold and have no way to promptly return them back home to their country. America proudly welcomes millions of lawful immigrants who enrich our society and contribute to our nation, but all americans are hurt by uncontrolled, illegal migration. It strains Public Resources and. Rives down jobs and wages among those hardest hit are a
Policies to end saudis and in syria all the sleeve the saudi laid blockade all the. Incidents like that despite the souring of relations. Some of them still saying that this occurrence this these allegations being made that this man was murdered already example that took his relationship with saudi arabia was to close in the first place of course theres a lot happening all day so its important to recognize that its not just about politics and diplomacy here its also about money saudi arabia is the largest investor of all the gulf states in. At least six billion dollars invested in this country so were looking at a massive diplomatic incident as this goes forward and were looking at potentially the repercussions maybe even economically but as i say. Looking at the opposition so far and its also worth saying here that people are very much dominated by domestic politics here. Literally struggling very much personally. Finances the economy here is suffering very much as well so there isnt
The reason initially we came was to roll out a report that one of my colleagues, stephanie see tbal, has just seagal, just produced, called degrees of separation, the subtitle a targeted approach to u. S. China decuming. Ill introduce stephanie in a second, shell introduce the report, shes been working on it for the last 8 months or so. Its a terrific contribution to the conversation about this charged topic of u. S. China economic cooperation. I want to thank, before we start, the smithrichardson founding a. The smithrichardson foundation has been a generous supporter of the csis and our programs particularly. Without them we couldnt do what wedo. Im going to just turn to this to the stephanie, sorry, before we get to stephanie and the terrific panel that we have, i just want to say that this report, youll see, provides a kind of, a really thoughtful methodology for thinking about our Economic Engagement with china. It has a sort of historical piece, and a way of looking at u. S. Obje