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Are open to a partial trade deal plus the 8 billion surprise Johnson Johnson slapped with a massive jury award over an antipsychotic drug. Apple is facing criticism from china at issue, a third party Smartphone App that allows hong kong activists to track the movement of police first up, stocks looking to recoup losses from the selloff yesterday. U. S. China trade talks one day away wall street is also waiting the afternoon release of the minutes from last months fed meeting where well look for clarity or any kind of color on discussions about Balance Sheet or where rates may go from here. Terrible close. It was. It was ugly. A give up type move. Interesting actually daily path that the market took selling off in the morning and right ahead of the jay powell speech, the european markets closed, starts to trend upward, se ....
As until today. The move a controversial one and it comes at a time when the u. S. Economy remains solid. The risks come from a slowdown in Global Growth, so the decision to lower rates is considered an insurance cut designed to hel stave off the possibility of an economic downturn. Bu the chairman signalled that this is not the start of a trend and stocks dropped sharply. The Dow Jones Industrial average dropped 333 points to 26,864. It had been down more than 450 points. 500 was off by 32. And the s p Steve Liesman reports tonight from the Federal Reserve. Overnight lending among bank, down by one quarter percentage point to a new range between two and at2. 25 . S largely what the market expected but in a press conference after the statement came out, the fed ....
S p up by a point. Nasdaq down by about 4 points. Overnight in asia, the nikkei up 0. 2 the hang seng up by a quarter percent. The shanghai up by a half percent. This is all ahead of those talks expected to resume next week between china and the United States when it comes to trade. This morning on the continent, in europe we will see equities for the major averages, the dax is flat. The cac is up by 0. 6 . The ftse is up by a quarter percent. In the treasury market, you can see at this point the tenyear is yielding 2. 031 well be getting a lot of earnings, big earnings movers in just a minute. First a developing story, the embattled governor of puerto rico will be stepping down on august 2nd the announcement coming late yesterday. He had been under pressure from protester force ne he had been under pressure from protester force ne for proteste nearly two weeks after chat messages were released crowds of demonstrators erupted into ....