President trump is expected to sign the bill into law. Jay powell saw elevated threats including Global Growth and trade. Sophie macro uncertainty over trade in hong kong certainly looming large, given what we stocks. N so far in ozzie shares opening to the. 1 after being tracked lower wednesday. Aussie bonds are climbing for a Third Session tracking the rally we saw in treasuries overnight, to flatten. Ontinued the move to the downside while treasury futures a fourthing a bid for straight session. All itsstronger against peers. Checking in on what is going on im actually looking at the terminal right here because i wanted to show you it is testing the 100day moving average, some that level. We are hearing google is changing its political add policy, limiting audience targeting. We know twitter has been political ads on its platform. We know facebook has not, but we google will no longer allow political advertisers to target voters because of political affiliation. The company said it
Power lunch starts now welcome to power hundred mp. Its a record day on wall street the s p 500 notching new highs when tyler mentioned the dow and nasdaq are in striking distance. The nasdaq about 13 points away from that mark kelly. All right thank you very much. For more on whats sending stocks to new records today, lets go to bob at the New York Stock Exchange bob. Three things that are really mattering right now. Number one, trade talk optimism. Number two, the Federal Reserve cutting likely for the third time this year, this week and finally the Consumer Holding up well i think the Consumer Holding up is the key to all of this. I looked at the earnings calls for the 40 of kpacompanies that are reported so far, very clear. The consumer is holding up well and theres no concerns about a recession in 2020. Richard seeing the capital one ceo. I think the u. S. Economy and consumer is in pretty good shape. Me echoed many bank ceos that i heard saying the same thing. As for recession co
Global trade war all of this comes together and says you should probably be selling industrials and autos. I dont think these are just oneday quick trades but do think the response from markets today was very interesting think of the rotation weve had over the last month and think of the reaction weve had in the last three days. It is beginning to build back on, hey, lets take back much of what we lost that is how we appear to be ready to open up tomorrow. The first leg lower in the markets happened when President Trump was in front of the u. N. And talked tough on china, mark and the results from nike this afternoon would probably give some investors some hope that perhaps there are companies that could buck the trend is nikeidiosyncratic. Its been the consumer that has driven the market and the entire world not just the u. S. Is relying on the consumer the consumer has been strong and rye sell yents in the u. S. A lot of these consumer names are still strong a lot of them are hitting
People in greenland are adopting to make the best. Out of us but we start with this news just in the form ahead of down in a stone. Has been found dead initial reports point to Suicide Police have been searching for since he left his home on monday he was part of the Ongoing Investigation into an alleged Money Laundering scheme investigators allege that funneled some 200000000000 euros in illicit funds through its tiny Estonian Branch during his tenure. To keep you updated on this developing story of course. But today many in germany and especially here in berlin are looking to china with envy because while the capital berlin here is still waiting for its new apple to become operational a full 13 years after construction is started an 8 years behind chinas president xi jinping officially launched a glitzy new. 50 kilometers south of the capital beijing. Shaped like a giant starfish beijing dossing International Airport took just 4 years to build and cost 60000000000. 00 euros its alrea
Hereby declare beijing dossing International Airports officially open. The airport is a powerful symbol of chinas rise putting on a show of strength is important right now china is seeing its biggest economic slowdown in decades because of a better trade spot with the u. S. Designed by the late iraqi born architects deed the new airport will it 1st cater for 45000000 passengers by 2025 that will rise to 72000000 making it one of the worlds most popular hubs. Beijing dossing International Airport is still smaller than the worlds Busiest Airport in atlanta with 107000000 passengers followed by the existing beijing International Airport with 101000000 and Dubai International with 89000000 passengers passing through every year. Its the 2nd major airport built in beijing in just over a decade beijing international is already full while environmental activists elsewhere ask questions about the future of mass air transition chinas aviation future is just taking off. The china u. S. Trade war