The russell up nearly a full percent. The broader markets, though, flat s p just lower dow, just higher joining us for the full hour, stephanie link very good afternoon to you thanks for having me. Markets flat overall, but whats happening underneath . Massive rotation today, and it actually started over the last couple of weeks and a lot of that has to do with a little bit better Economic Data that were getting around the world. Even over the weekend, we got the export import numbers out of china. And even though they were down year over year, the trend is still definitely up. And this comes on the heels of better pmi so i think a lot of it is a little bit better Economic Data. And then its this trade talk seems to be making some sort of progress so the cyclicals are actually the ones that are leading. Its financials, tech, industrials. And within tech, its se semiconductors versus Software Software is actually getting slammed. Is it that the expectations came down too far, too fast,
British Prime Minister who will demand an early election for the second time in a week. We either go forward with our plan to get a deal or somebody else should see if they can get us in beyond october he tells cnbc that bond market holders need no longer be called saying investors need to take the asset class. You will lose we had a major player in the bond market that is involved for noncommercial reasons. Happy friday. First lets recap the price action over the last 24 hours. Very positive session for u. S. Equities and actually u. S. Indices are about 2. 5 from record highs yet again despite volatility those indices continue to make a come back and that after better than expected Services Data yesterday. So weakness on the unemployment sub index but better data on the services but but of course the number one narrative and the expectation of a meeting between china and the u. S. In washington next month thats giving a little bit of relief to investors. Well have to see what happens
Flat that really does obscure a lot of drama up at least 2 s that has been pretty dramatic. Also why the nasdaq has been down so a lot of those profits are coming out of there. The hang seng up by 1 3 4 mentioning those tariffs that china will be taking off those goods. We have more on that front in a moment also an American Chamber of commercesaut u. S. Chamber services have been getting hurt and many of them are moving away more quickly than anticipated redirecting businesses there in the meantime, lets look at what has been happening. For the most part, green arrows. The ftse is up the dax up about. 75 . And cac is up. The trezy market and yields, they have firmed up. The 30year trading almost 2. 2 . 10year at 1. 714 . Twoyear note at 1. 67 breaking deal news, Hong Kong Exchange proposing a 36. 6 billion cash and stock offer for the London Stock Exchange saying it approached the lse with a bid last year, they agreed to buy refinative in a deal peloton says it plans to price shares b
Hurricane dorian is still pummeling the islands as coastal states prepare for the worst its tuesday, september 3rd and Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherefore in the world you may be watching. Thanks for tuning in to Worldwide Exchange live on your screen right now its Hurricane Dorian, the monster storm will not move. Its sitting over the bahamas doing incredible damage over the weekend. All of this as they all declared states of emergency. Well give you more coming up in a few minutes. Heres how your money and Global Markets are setting up tuesday coming off one of the best weeks of the year last week. A very different story today down 189 points. All of this as the latest round is taking place over the weekend and beijing filing a complaint with the World Trade Organization as futures fall, bond yields are down fractionally begin. A benchmark yield. That is a negative real yield effectively. If you get this income an
On cspan 2. Cspan has your unfiltered view of government. We are funded by these Television Companies and more, including media,. At media, we believe that whether you live here or right here or way out in the middle of anywhere, you should have access to fast, reliable internet. Thats why we are leading the way and taking you to 10 g. Media, supports cspan as a Public Service along with these other television providers, giving you a front row seat to democracy. Now a discussion on workplace labor organizing with the president of the aflcio and union members. They discussed the importance of Community Engagement in updating labor laws. This was part of a conference hosted by the center for american progress. Hello everyone. That was okay. Hello everyone. There we go. Thats better. Im mike williams, a senior fellow at the center for american progress. I am thrilled to introduce our next two programs because we are going to be hearing about the state of labor in the u. S. The Union Movem