The dow and nasdaq not far amazing suits and float around behind. S of tiffany surging the cabin. It will be a great market after all. I see you are talking about space suit this morning interest in acquiring the that was designed by under company for 120 a share. Armour the next investing frontier, one of the questions that gets Virgin Galactic set to make the put to me a lot is how do you public debut here at New York Stock Exchange this morning. Sir Richard Branson will join us know it is going to be safe . First on cnbc. When it comes to space i mean so, markets are chasing some history this morning the s p is on track to open at space is hard, it got to go off an all time intraday high. On friday, closed within six without the hitch. Points of that record level no room for error here after being fractions away from setting a new milestone. How do you ensure thats the case and what do you tell jim, a lot of the bears arguing what has gotten here from july has been healthcare and ut
The indonesian president speaks exclusively to bloomberg saying no one wins in a trade war, and he is refusing to take sides. Later, tesla says delivery records still fall short of elon musks target. For now, lets get you a quick check of the markets. We are seeing u. S. Futures higher by. 1 , but this after major indices lost more than one point 5 . The s p 500 fell the most since august 23. Remember, august 23rd was when President Trump announced those two sets of tariffs on chinese goods. Every sector on the s p 500 was in the red, and energy and financials led the decline. We had the 10year yield also falling for a fifth consecutive session and pulling out a route holding at around 1. 6 . Right now, the Dollar Holding Steady as of course, we are awaiting that Service Sector numbers out of the u. S. In tomorrows session, this coming on the back of another disappointing set of numbers when it came to private payrolls. That number for august being revised down, so business is really m
And the indonesian president speaks exclusively to bloomberg. Widodo says no one wins in eight trade war. Of thea quick check market, futures gaining, but this coming after the s p 500 saw the biggest drop since august 23. Remember, that is when President Trump announced another set of tariffs on chinese goods, so we ,ve the s p 500 lower by 1. 58 with every sector lower, being led lower by energy and financials, with disappointing payroll numbers, less than expected, the august number also be a revised lower. Take a look at how futures in asia are trading, a little bit on the upside, up 3 10 of 1 . This, of course, after the nikkei fell the most in about a month and despite the fact that the japanese yen is at the strongest level in about a week against the u. S. Dollar, but sydney futures are down 1. 8 . This, continuing the fall after they saw the biggest drop since august on risk off sentiment in the previous session, kiwi futures at the moment down 1. 2 percent, losing ground for
Manus yesterday we broke the news that there was a ratcheting higher in the tariff wars wars. What are the implications . The economy is stable. They will adjust Economic Policy as is appropriate. It really is about the next response lever from china for me. Nejra questions are being asked about whether they need to do more to fuel credit and support the property sector, loosen some of the controls. Some of the reaction we are seeing is not because of pmi, because they show a little more pressure from trade, but more because of the response and the words weve had from authorities today. Manus lets talk about the rest of the response mechanism. Steven major said, im talking about ground zero for trade. The new Zealand Dollar. A lower move. The market believes you are going to see a much more aggressive repricing. Cutprobability of another from the kiwi. The shorts are the highest since november. Have a look at the yuan. What is the correlation between the negative yielding bonds and gol
With a trade war truce near . President trump saying his upcoming meeting with president xi will work out for both countries. Stocks set to rally at the open new records within striking distance the s p closing out its best first half since 1998. And playing down the trade risks, nike delivering strong revenues in the Fourth Quarter, customers buying more sneakers and sports gear and china sales surging. First up, the markets. Stocks getting ready to wrap up a strong month the s p 500 on track for its best june since 1955 for the dow, best june since 1938 heading into the final session of the first half, all three major indices are up double digits year to date, led by the nasdaq with a 20 gain europe is higher this morning, hopes are building for g20. You hear superlatives like that, best june in decades, is that a bullish thing . I think it is net bullish the duration, the strength of the recovery, im looking at this on a ninemonth scale, okay the Fourth Quarter was one of the worst