Maria big show this morning, joining the conversation Dagen Mcdowell, chief Market Strategist art hogan and president ial candidate arkansas governor Mike Huckabee. Good morning. A lot to talk about this morning especially on day 2 of Federal Reserve meeting, Delta Airlines coming. Ed is here, chairman and ceo of the black stone group, Steve Schwartzman talking about his book. Oklahoma senator James Lankford also joining us this morning, dont miss a moment of it, we have a big 3 hours, top story this hour is oil, once again dropping this morning on news that saudi arabia will restore normal output and production levels by the end of the month as secretary mike pompeo meets with saudi arabia king prince salman to twin attacks on saudi oil facilities, iran is denying any involvement in saturdays strike with president Hassan Rouhani blaming u. S. For disruption in the region. Its not exactly going well for them. I think this was their attempt to break out and sort of find way to put press
Lets take a look at what is happening in asia too. Those markets were closed. Hang seng off by. 1 and the shanghai up about a quarter percent. Youll see at this hour, slight gains across the board italy up three major averages up. 1 to. 2 . The tenyear is yielding 1. 772 . The 30year at 1. 28. We were just talking about all of this. All of those moves made. Pretty confusing to figure out what was happening and why i think there are a lot of people looking at a lot of these small events and does it have bigger implications. In this environment where everyone is feeling uncertain. I think these fractures make more people nervous. Whether this is a bigger issue, i will know this weighs on investors sieky i had a 2007, summer of 2007 bnp scare. There was maybe 2 billion that was frozen, sub prime and there was a freak out. At the time, it didnt feel meaningful this is the first time the fed stepped in the only time they did this was in the middle of a crisis. Thats right. This is a warning
Numbers leaked online, but how serious is the government about cracking down on big tech. It is thursday, september 5th. Fbn a. M. Starts right now. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Ashley good morning, im ashley webster. In for cheryl casone. Lauren lets take another look at how your money is moving this morning. Trade talks are on, dow is up 229, s p up 23 andahalf, nasdaq jumping 85. Ashley the yield on the 10 year treasury coming in at 1. 5 , up 3 basis points. Lauren oil prices are trading at 56. 15 a barrel after a big rally yesterday. Theyre down 11cents this morning. Ashley lets take a look at whats been going on in asia this morning, the nikkei, shanghai, kospi all up, the hang seng down slightly. Lauren Political Drama in great britain, but the ftse is down. The dax is higher by 97. Our top story, Hurricane Dorian regaining strength overnight, now it is a category 3 storm, t threatening to make landfall in the carolinas are conditions are getting
Kathleen youre watching daybreak a show coming live from new york and hong kong. Haidi we are counting town to asias major market opens. The top stories, asian stocks to start the week under pressure following mixed signals in fridays jobs report. Inflation pressure from the u. S. And china. Will prices are nearing highs for the year after six straight weeks of that. Saudi arabia extending as his Prime Minister says he will not pursue the judicial overhaul. Annabelle asian stocks are starting the week under pressure and we see futures to a weaker start. We are one hour out from the open in sydney and tokyo. Looking at key events on the horizon the u. S. Rally evaporated at the end of last week. We will have more on that in a moment but in asia key events include Consumer Prices data from china on wednesday. We could see deflation taking hold officially in the country and other factors as well. Japan has got the boj releasing the summary of meeting minutes. Investors will be passing ove
Plus, after meeting with republican senators, the president was set to talk budgets in a bipartisan leadership meeting, but, the dems are in resist mode. You have Chuck Schumer and nancy pelosi abruptly pulling out of this meeting all together, accusing of the president refusing to play ball with the democrats. So are we heading for some kind of a Government Shutdown . Hillary clinton out there blasting President Trump saying he is escalating tensions in north korea. Get this, she did it while overseas in china. Talking about inappropriate . Dont forget, arent we in the situation in part because of her failures as secretary of state . Were on it for you. Plus, blake burman with the very latest on President Trumps move on tax reform. His move to push tax reform forward and move the budget forward. Coming on very important day when were dealing with the likes of kim jongun in another cree. Hi, blake. Reporter pick your topic kind of day. President trump up on capitol hill speaking with s