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Steven mnuchin are getting on the phone today with the top chinese trade negotiator to try and iron out more things. We are in this messy and game. Endgame. Essy we have been here before. We were here in may. This may still unravel. David i heard we have not agreed to a deal on soybeans. You think if they were close to a deal they wouldve gotten that out of the way, at least. Shawn what we are seeing as they are talking about the difficult issues on the table. The fact those around the table now and are being wrestled with is usually a sign of the end game being afoot. On soybeans, it is not so much they are debating how much china is going to buy. It is debating the details of when china will buy and for how long. Those are the details you will be ironing out to the end. Spinning. H sides are are they spinning in the same direction . It seemed like beijing was spinning in one direction and washington was spinning in the other. Shawn this been we get from both sides is both sides do a ....
There were glitches this morning with the launch of disney , but disney has come out and said there was so much demand that that is what caused the difficulties, so the market is rewarding disney for perhaps what is to come in terms of numbers as opposed to performance so far on disney . Tyson foods started in the premarket lower on a miss, but is upping its dividend to . 42, and it is up 5 . Guy lets take a look at what is happening here in europe. European markets getting a little bit more traction from an equity point of view, trading on very light volume, though. Telecom stocks one of the main drivers today. Vodafone getting some traction off betterthanexpected numbers. Eurodollar getting very close to the 1. 10 level. We are waiting and watching, trying to see what the president is going to say. No significant leaks thus far. Detailslso getting coming through from boeing. A big bounce yesterday on an announcement related to when it expects the 737 max to get back into service. Thi ....
Program two years ago, but lower courts blocked the move. Police in hong kong more the city is on the brink of a total breakdown. For a second day, they fired tear gas in the financial district and battle with protesters. Clashes continued late into tuesday evening. Protesters have called for more disruption to the citys Transit System on wednesday morning. While fires are burning at emergency level intensity across australias most populous state and into sydney suburbs. Authorities have warned most people in the path of the flames that there is no longer time to bleed. Flee. The world me a Logical Association classifies this as a , is atophic fire morning the top of the danger scale in australia, and probably anywhere. 10 of fireextreme days, how they measure the fire increased in recent decades across many regions of australia, especially in southern and eastern austra ....
Lots of bars to the upside and downside. Greater than 1 decline. September calm, we are seeing a return to the big volatility. More than 4 to swings of 1 up or down. Both the bulls and the bears are buying for dominance in the month of october. Right now we do have a decline for the month, down more than 2 . The bears are winning. In october, wey, are seeing investors go toward havens. Take a look at this chart of the 10 year yield. You are seeing a decline of 14 basis points at 1. 52 . Onwe have stocks declining the month, we have bond yields also declining, telling us investors are seeking the safety of bonds. Finally, where we are seeing underperformance on the day, the nasdaq biotech index down 1. 9 . Growthiere of the indexes out there. Investors selling those. We also have the socks down sharply the sox down thehe worst day since chip index especially sensitive to china since the chip index is embedded in china. The possibility of the white house blacklisting eight tech firms. Th ....
Outperformance of a lot of these subsectors, you are looking at transports, small caps up almost 3 on the day. These other good signs we want to see. Obviously a lot of optimism that a deal between the u. S. And china is being worked out. A lot of this predicated on a couple of tweets i President Trump that seem to intimate that something is imminent. We dont know what, but right now that is enough for the market to rally on. In the bond market here, your 10 year yield 1. 75 . Keep in mind where we were it week ago today, about 21 basis points lower than that. Your three months10 year yield curve spread, we inverted back in may. We inverted for the First Time Since we inverted we uninverted for the first time today since may. Your dollar a little lower today. We will keep an eye on what is going on in the oil market. A little bit of negative news with regards to what we he ....