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On fox business. He will be talking about the jobs numbers, about the stimulus plan, if we will get one or if the president will have to pull the levers himself without congress. 30 minutes from now, larry kudlow. Well also ask about President Trump issuing those executive orders banning u. S. Transactions with wechat and tiktok. Shares of tencent, lets see, tencent is down about 6 right now. Well see how things are going. Futures, by the way, are down about 73 points. They had bumped up into the green from triple digit losses earlier when we got the jobs report, but they have settled down a little lower. Again, a lot less than it was earlier this morning, before the jobs number came out. As President Trump threatens executive actions to get another round of stimulus as democrats are stonewalling any compromise. We are also going to be weighing in on the market trade worrie ....
Not thethe process trigger. It says the protests are not the trigger. Tom more mixed messages on trade china says on trade. Trump says he wants to hold a phone call with president xi jinping soon. Signs of some positivity, at least when it comes to the earnings. Alibaba beating the street. David something to take advantage of. The data has been bad. Singapore and we have hong kong, worstcase scenario growth is at zero. Why yields are where they are and why the boj might need to step in. Yvonne a lot of movement in the last couple of hours when it comes to the bond market. You mentioned hong kong, final numbers come out today after the government slashed their forecast. They are announcing a whole wave of measures to boost the economy. We will see if they do enough to prevent hong kong from entering into a recession. Weare still looking weak could be on set for a fourth straight week of decline. U. S. Futures were positive. We have seen the reese deepening of that yield curve the steepe ....
Lets take a look across assets. We can look at the bond market as well as currencies. The bank of japan decides not to change anything with their stimulus. The euro is also strengthening against the pound. The 10 year yield is falling by one basis point. The sell off is continuing in the german bund market. David lets see if there is newse outside the Business World. Mma the white house is taking a victory lap after Congress Passed a landmark tax reform bill. Sident trump thomas promise that u. S. Companys would stop relocating overseas in the bill that the Corporate Tax rate from 35 to 21 . Taxof americans believe the bill was written to help the wealthy. When ale were injured van was driven into people. They described the driver as an all trout an Australian Citiz ....
Assets. Valuations of emu dollar bonds at the levels that no longer make sense. David its interesting you bring this up. First i want to flag, it is 2018. 20 years since the movie armageddon. [laughter] of course thats bruce willis and ben affleck. The other thing i want to type out, the valuations. Are investors getting enough reward for the risk they are taking . Thats a conversation we will be having in a few minutes. Have a look at where we are on the market story this thursday morning. Here, we are looking at a decline across the equity markets today. First decline since the year started. Were almost looking at nowhere to hide. You are getting mongolia at the top. Let me flip it around and look at the broader picture across benchmarks in the region. The story at the very top, 1. 4 drop in new zealand. Biggest drop since the u. S. Elections in 2016. Across equity markets, the biggest winners in this recent leg up are some of those getting dumped the most. In that way i guess we are ....