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Sales and ism manufacturing data hits a decade low. We wait on fiat chryslers numbers. A two border solution . Boris johnson will present his brexit plane to the conservative Party Conference today and the eu with provisions for a timelimited irish backstop. Ireland called the deal a nonstarter. A race to the bottom. Shaking of the brokerage world. Good morning. Matt less than half hour away from the european open. Take a look at what happened yesterday. When that ism number came out, it really disappointed markets. Investors bought up treasuries, pushing the yield down. This is a threeday chart. We have recovered a little bit today. Moves a pretty substantial and you saw that in stocks as well. That negativity likely to carry through to european markets today if you look at the futures. You will see equity Index Futures across europe are down. Dax futures are off 0. 4 . Fts ....
Fed chair jay powell has to strike a fine balance at jackson hole. Fears of recession swirl, but regional fed president s question the need for more cuts. As i look at where the economy is, it is not yet time. Im not yet ready to provide more accommodation to the economy, without seeing an outlook that suggests the economy is getting weaker. Matt a working weekend at the g7. French president Emmanuel Macron tells Boris Johnson a new brexit deal in 30 days is unlikely to happen, and italy has a few more days to cobble together an unlikely coalition. Plus, the perfect storm. Germanys Buddhist Bank bundesbank say it is not time for stimulus even as sentiments hours on the manufacturing sector. Welcome to bloomberg markets, the European Market open. Were looking at futu ....
Issues, not economic ones. That being said, although they are intertwined these days when security is so critical to the United States and japan and to the philippines as well, that being said and the japanese as we all know are too polite to say this, there is unhappiness in japan over president bidens decision to publicly oppose the sale of u. S. Steel to nippon steel so we thought to focus on the importance of u. S. Japan cooperation on Economic Security, on reliable supply chains, on japans significant and longstanding direct investment across the United States and the potential benefits that an enriched u. S. Japan Partnership Offers to American Workers and allied technological leadership. All these ....