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Thank you very much. I was just talking about a thawing for the markets. Yes, earlier today, we did hear that of course, stimulus talks would be in play and that we started to hear some Smoke Signals between nancy pelosi and of course, we were talking about trillions of dollars could possibly be pouring into the economy. Shes speaking with treasury secretary Steven Mnuchin. But apparently now Mitch Mcconnell as he just heard is pouring cold water on that, or maybe hot water because we were starting to see some real action here. Now, movement on a spending deal quickly erasing at least the bad taste in some of the mouths of some investors after last nights debate performances by President Trump and joe biden. Fox businesss lou dobbs calling it the worst debate hes e ....
Is two parts to that last night i focused on the major averages are not representative of the broader economy. Something held true today with the dow and s p losing 4. 4 and nasdaq sinking 5. 7 after the dollar skyrocketed something we warned about because the fed made it confusing how much they will keep helping the economy. The stronger dollar isnt great but the incredible v shape rally in the stock market doesnt jive with reality in a world where we still have double digit unemployment tonight, though, we need to talk about the other part of the sentence the stock market doesnt reflect Current Conditions emphasis on the word current why . The market is a forecast machine across the ball and supposed to be appearing six to nine months in the future. Maybe the economy is in rough shape. Let say they reflect next february so what are the odds the economy will be in much better condition by then because some people would say st ....
The u. S. Has labeled china a currency manipulator cranking up trade tensions between the worlds 2 biggest economies the decisions rattled investors on International Stock markets trumps decision follows the sharp weakening of chinas you one currency which breached the closely watched barrier of 7 against the dollar yesterday the u. S. Treasury said it labeled chinas current china a currency manipulator because it had devalued its currency quote to gain an unfair competitive advantage in the worst sell of of the year the dow jones lost close to 3 percent on monday shanghai composite shed 2. 4 percent asian markets later had some of the losses. Lets go straight to our Financial Markets correspondent bartz who is in frankfurt only it seems like the trade war has entered a new round and in new arena tell us what does it mean when the u. S. Calls a country a currency mani ....
Business has come to the u. S. Has labeled china a currency manipulator cranking up trade tensions between the worlds 2 biggest economies the decision rattled investors on International Stock markets Donald Trumps decision follows the sharp weakening of chinas you one currency which breached the closely watched barrier of 7 against the dollar busy the u. S. Treasury said its labels china a currency manipulator because it has devalued its currency to quote gain an unfair competitive advantage in the worst sell off of the year the dow jones lost close to 3 percent on monday shanghai composite shares 2. 4 percent asian markets later ted those losses. Lets go straight to our Financial Markets correspondent who is in frankfurt only it seems like the trade war has and hit a new round and new arena tell us what does it m ....