dominic chu explains what was behind today's rise. >> stos staged rebound today and it was a confluenceevents pushingar thets higher including talks of war, economic stimulus, upbeat traders.from the stock market has been taking cues from the bond market all week and today global yields bounced back on reports that germany plans to put in place a stimulus plan that moved bund yields off lows which in turn moved u.s. yield off lows. bank of america ceo brian moynihan adding to the optimism. he says he see no underlying signals of recession. consumer spending is going strong compared to 2018 and the situation in hong kong is ovrious but doesn't pose a big threat. trade talks, there's no question it has been a wild week and a wild month for stock market investors. in fact, the average dow trading range so far in augusteeas 473 points, but the biggest headlines dominating the ttention continue to be tariff talks and global interest rate policy, and that will continue. r "nightly business report", i'm dominic chu at the newchork stock ge. >>> so what happens next and should investors expect

i'm dominic chu.hat you're seeing here, lye shots, live pictures of hong kong the city's international airport resuming check-ins today after days of mass demonstrations and disr disruptions. first here's how your money and the global markets are setting their day up stock futures indicating the dow will open slightly to the down side marginal losses, about 37 points the s&p would open down by 5 points if these losses hold into the regular trading session and the nasdaq off by 14 the dow is coming off its best two day stretch in two months thanks to a cooling off of trade tensions between the u.s. and china with the trump administration delaying a new set of tariffs that were supposed to take effect in the beginning of september the bond yield, the bond market, a huge focus ten-year yields and two-year yields, right now, ten-year is 1.652. two-years, 1.642 that one basis point separates flatness between the two-year and ten-year treasury. remember, now just x basis points, we're one away a phenomenon

thanks for being with us i'm dominic chu.van is reporting live from hong kong right now here is how your money and investments are shaping up right now as we are halfway through the 5:00 a.m. hour in new york stock futures are slipping over the course of the past half hour the dow jones would open up by just about 1 point now it's slipped into negative territory. the s&p 500 is up by 3 points. the nasdaq off by 13 remember, the dow jones closed down by 800 points yesterday the interest rate complex, a big driver of that story yesterday as well. two-year note yields, 1.56%, just a hair below that now ten-year note yields, 1.57%. a hair below that right now. two basis points separates the yield between the ten-year and the two-year note. let's get to that breaking news out of asia two major stories crossing in the last half hour let's get out to brian sullivan live in hong kong with the latest over to you. >> thank you very much there are, as you noted two pieces of news that are impacting the financial markets. they're impacti

and let's go to dominic chu at the commodity desk >> chicken or egg, which one is going to lead. oil prices rebounding with the rest of the market a day after selling off on the u.s./china headlines, but that green was modest and now you can see here, oil prices have turned decidedly red. west texas intermediate off by 1.5% brent crude off by about 1%. $59.17 sentiment is still being driven and dampened by the prospects for even more trade tensions and there haven't been anything substantive to change that story. the s&p 500 energy sector is one of the worst performers in markets. if you look at oil prices. they will likely be at the mercy of macro market sentiment. speaking of supply, weekly oil inventory from the american petroleum institute is out 4:30 p.m. eastern time today, and the energy department weekly data is out tomorrow morning, 10:30 a.m. eastern time guys, back over to you >> thank you investors today thinking about how to reposition their portfolios stocks having their worst day of the year yesterday, but look at this the dow is up more than 307 points the high en

♪ let's get it started in here >>> good monday morning and welcome to "worldwide exchange" i'm dominic chur brian sullivan today here is how your money and the global markets are setting their day up, at least to start. stock futures indicating the dow will open by about 215 points. the s&p up by 23 and the nasdaq up by 61 points as well. the bond market right now is already in focus because yields are creeping higher. the yield on the ten-year treasury note right now currently just around 1.61%. the two-year note yield 1.53%. so for those keeping score, that eight basis point spread between the two getting wider after an inversion that briefly happened over the course of the last couple weeks let's go worldwide now in asian trading, central banks in china unveiled an interest rate reform aimed at helping lower borrowing cost for chinese-based companies. that in turn helped send the entire market in asia higher the shanghai composite up by over 2%. the hang song in hong kong up by over 2% as well and the nikkei in japan up by three quarters of 1% >>> in european trading, stocks there helpe

. >> good seeing you >> so we're up 169, dominic chu working the floor for us >> we have a situation,arl where we're still on pace, even with today's gains, to show you a market that is on track for its third straight week of losses as you look at the dow industrials, the s&p 500 and nasdaq, we are still higher on the day, but, remember, we started off higher, we'll see if that momentum can continue into the later part of this morning if you take this in context over the course of the s&p 500 in the last year, one thing you'll notice is that we are still trying to get back to some levels that some traders are looking at as significant. if you look at the s&p 500, the dow, the s&p, the nasdaq, one week basis, moving lower to downside on that one week basis, however, with the s&p 500 overall, we're still within about five or so percent away from record highs, so let's look at this, because, remember, just here, just a few weeks back, right here, we'll show you, it was that record high and if you look at where we stand now, that move lower is about 5% from those levels here. we're still

. >>> welcome back to worldwide exchange i'm dominic chu in for brian sullivan this morning.'s get right to the markets and where they stand stock futures are pointing to what should be a higher open right now. the averages have been range bound in the recent days as investors await to hear comments from fed chair jay powell today. the dow opens up about 68 points the s&p up about 9 points and the nasdaq up about 33 checking in on the flight to safety and treasuries we are seeing a bit of a move higher now in yields so a little bit of price reduction in treasuries. yields moving higher 10 year note yields right now 1.645% and 2 year note yields 1.638% meaning that spread between 10 year note yields and two year note yields is just about flat we'll keep watching it it's been between positive and negative territory over the course of the past couple of days in global markets right now, the asian trade was generally positive the nikkei and japan up abo about .5% and the kospi is off .1%. green across the board there the cac in france up .5% and the ftse mib up .5% as well as tra

it's time for rapid fire chief market strategist, dominic chu and bill griffith. >> i'm getting rid of that lime green dust per i had in the 1970s. i thought sure it was a good investment >> you should have gone with the bugatti, bill. first up, shake shack is soaring. and this is not alone. this is a little theme developing here in the market. it joins a bunch of other estimates beating this quarter including starbucks and mcdonald's look at the same store sales shake shack was the under performer. what is the strength in the restaurants telling you? >> it tells you you have a consumer with discretionary income all prices, gasoline prices, fairly reasonable. you have a strong labor market and the 2 for $5 exactly. it's attractive. >> would you be buying the stocks here given now all the rallies that we've seen? you may want to wait for a pull back the fact is, i think there's continued growth chipotle was in terrible shape last year. and the analysts have turned around i've noticed, actually, more lines. i don't like it. the fact is the share prices are going up and it is indicative o

kristin well kk kristen welker is back with us and we're joined by dominic chu.w futures were down and the market came back up. i don't know where it is right now. it's hard for me to see where i am. so it's back in the green. but # we'we're talking about long-term fears and it's unusual to see long-term rates paying less than the short-term rates. >> yes. the whole idea here -- that's what's driving a lot of the action here. the idea is that when interest rates behave the way they're currently behaving, it's typically been associated with an economic downturn down the line. over the course of the past three or four decades, the five times we've seen this most recently have led to eventually recessions in the u.s. economy, the only issue is at what point they happen. sometimes they happen rather soon. other times it can happen two years down the line. on average over the last five recessions, they've happened 22 months. shy of two years after that initial inversion of the yield curve you just spoke of where the long rates drop below shorter term rates. that's why

welcome, everybody i'm dominic chu in for kelly evans today. here is what's ahead searching for direction, another wild ride for stocks today as the president says we may not have a trade meeting in september. should investors hold tight in this tweet-driven environment or is it time to make some moves? >>> plus, it's not all about the rates. a breakdown of why low mortgage rates do not necessarily mean the housing market is about ready to take off. >>> and warming up, we'll go around the world for a look at the global hot spots that are starting to simmer and could soon become the next big issue for investors. but we begin with today's lower, bob pisani has the numbers >> we had a nice little rally. the s&p down, the nasdaq, a little bit of balance off the lows for the day as china trade again in focus president trump says he was not yet ready to make a deal with china. so still not clear if those additional rounds of tariffs will come into effect september 1st. combine that with the statement that the u.s. will not be doing business with huaw

we bring in morgan brennan, dominic chu, seema mody, and arthur hogan from boston, the chief market strategist with national securities. and let's start talking about some gold and bitcoin. both of those are higher guys, gold hitting its higher level in more than six years it's over $1,500 an ounce now. we know bitcoin's been a little bit more volatile. but bitcoin would be higher if it weren't gore gold >> one cannot dismiss that the rise in bitcoin and gold is coinciding with the sharp drop that we're seeing in equities and bonds. there are also other market forces that we've been discussing today, $15 trillion in negative yielding debt. plus, even the s&p 500 worth noting even with a decline today, it's still trading at 19 times price to earnings. so it's still highly valued stock market that investors are dealing with so is it the time to diversify into other assets is the question >> that's many real assets, even real estate is getting a bid because of interest rates. bu when i walked in this morning i remember doing a market update on "squawk box" this morning highlighting what was happe

. >> i agree over to dominic chu with a news alert. >> from the justice department, now, cnbc has learned that it is filing a lawsuit to block sabre ho holdings' plan buy-out of farelogix. they help airlines sell tickets to consumers the doj says a combined sabre and farelogix would hurt competition and believes if it is allowed to proceed it would likely result in higher prices and less innovation for air travelers. the deal was announced last november due to close in suss a few days' time but now the u.s. government is suing to block it again breaking news, the doj blocking this particular deal. remember, this is a $360 million deal we'll keep an eye on those shares for sabre holdings farelogix is private, scott? we appreciate it thank you very much. that's dom chu jackson hole is about to kick off. where does the fed factor into how you view the market? >> so, we're forecasting that the fed has to continue to lower rates. one can make the argument that the fed is behind the curve. we actually changed our ten-year yield forecast for the end of the year to be 1.25. so we're looking for s

and dominic chu. the president today is not indicating he's looking to concede on that in any way. >> you're right about that, hallie. and the chief trade and economic advisers are, in fact, defending his trade war with china. we should point out president trump himself, as you well know, put off the next round of tariffs until mid-december which seems to be implicit acknowledgment that the tariffs might create a dragging effect on the economy. but the view from the white house about fears of impending recession, seems to be there is nothing to see here. we saw this yesterday. the president publicly saying he sees no fears of a recession on the horizon. the president and top white house officials doing level best to project optimism. here is sound from the president from larry kudlow and peter navarro in quick succession. take a look at this. >> i don't think we're having a recession. we're doing tremendously well. our consumers are rich. ive gave a tremendous tax cut. they are loaded up with money. >

. >> dominic chu, thank you so much.tch what's going on there. >>> still ahead, searching for answers. a justice department task force is spending this morning inside the jail where jeffrey epstein died. as new details emerge about the investigation. and a new lawsuit emerges. i'll speak with the attorney behind it next. t emerges. i'll speak with the attorney behind it next if you have moderate to severe plaque psoriasis, every day can begin with flakes. it's a reminder of your struggles with psoriasis. but what if your psoriasis symptoms didn't follow you around? that's why there's ilumya. with just 2 doses, a majority of people were clear or almost clear. and over time, even more people were clear or almost clear. all with dosing 4 times a year... after 2 initial doses. plus, ilumya was shown to have similar risks of infections compared to placebo. don't use if you are allergic to ilumya or any of its ingredients. before starting treatment, your doctor should check for tuberculosis and infections. after checking there

welcome, everybody i'm dominic chu in for kelly evans today. here is what's ahead searching for direction, another wild ride for stocks today as the president says we may not have a trade meeting in september. should investors hold tight in this tweet-driven environment or is it time to make some moves? >>> plus, it's not all about the rates. a breakdown of why low mortgage rates do not necessarily mean the housing market is about ready to take off. >>> and warming up, we'll go around the world for a look at the global hot spots that are starting to simmer and could soon become the next big issue

here to break down the headlines are dominic chu, kate rogers wait, what was her name again?ou know, the spider-man, the girl >> mary jane >> we'll explain in a moment and bill griffeth. welcome, everybody first topic let's talk about shares of target and lowe's today which are absolutely soaring after both reported blowout earnings this morning. target hitting an all-time high with a 19% gain today. it's over 101 bucks a share. lowe's having its best day in 11 years and home depot at an all-time high. >> you know who should be here to talk about this >> courtney reagan perfect timing how much better -- i mean, target was already up how much this year? and it is up 20% today >> this was pretty astonishing it's that winners keep winning we knew that walmart was strong. we had suspected once we saw walmart's numbers that target would be the same largely because while there are different retailers, they are employing similar strategies >> what are they doing >> so what they're doing is they are really kind of leaning into the stores to be honest. walmart did close some stores, b

dominic chu joins us with a look at the biggest movers. >> good morning, melissa big extension of thosealmost doubling in the last 20 minutes or so. some of the bigger drops yesterday and balances we're seeing today apple shares up over a percent now they were -- that's about 200,000 shares premarket that particular stock was down a bit yesterday. we're also going to watch what's happening with deere shares off by about 5% yesterday, up about almost a percent today on thin premarket volume as well apple and deere both bigger losers the semiconductor space in focus. nvidia lost yesterday, up over 1%, around 35,000 shares premarket. we'll watch those stocks to see if the gains extend as well. to put it in perspective for you, the s&p 500 has lost nearly 6% over the last week. the losses were led by tech. down 8%. energy was down 7% during that span the outperformers utilities only down 1%. all sectors down, tech and energy see if they can bounce big today. back to you. >> thank you >>> joining us is a portfolio strategist at richard bern stein advisors i want to know what you did today an

>>> welcome back dominic chu is here with a breakdown of the action. >> relatively not volutive whenhe safe haven assets let's just show you from that perspective over the course of the past week this idea that gold, the gld that was up about a percent. you can see here down today but still over the last week some volatility around that downturn just before on tuesday heading into wednesday, but as itself all the way here, up about 1% so not a lot of volatility in gold. a haven asset. also looking at what's happening with treasuries as well and what's happening with the value of the u.s. dollar, you take a look at some of those charts as well they can show some signs of movement as well so treasuries, gold and dollars, all of those things moving to the upside the way they are shows a little bit of the sentiment. the question is if this bounced today really show some real legs in terms of the overall flight back into risk assets or whether they continue to move higher long-term bonds, gold and the dollar also showing signs of relative strength. back over to you >> thank you very much

that also means it may be harder to find steady above-average returns many dominic chu joins us now withhis sector. >> all right so, mike, as we talk about real estate, i mean technology and real estate vying for that top spot with regard to outperformance in the s&p 500 so far this year. if you take a look at real estate, that run does mean that it's become harder to find some of those heftier dividend yields that some investors look towards in real estate now, real estate overall, you can see that sector up 25% the s&p is up 15 not too shabby for the s&p, but real estate surging by that much, yes, it's an interest rate play and, yes, it's a safety play and yes, it's a yield play. we looked where are there outsized dividend yields still there with stable returns. we looked at the s&p 500 real estate sector, 32 stocks there how many of them have positive price performance over a year, year-to-date and one-month period, so shorter to longer term then we ranked them by dividend yield. we ended up getting 17 stocks that passed all of those screens. eight of those stocks actually have yields

i'm dominic chu.reet awaits the big fed speech from chair jay powell, notable analysts calls out. nike shares down fractionally around 3,000 to 5,000 shares of pre-market volume. athletic and footwear apparel remain as buy rated stock. price $100 but tagged as a best idea from the retail team. like the more attractive valuation after the pullback in the market it's directed to consumer sellisell ing strategy and robust pipelines among other things check out victoria secret and bath & body works company l brands and focus analysts at rbc down grading to a sector from outperform price to $22 from $30. decided a more skeptical eye on sales growth and profit margins at victoria's separate after a bigger down day yesterday. end on shares of altria just around a percent or so higher on pre-market tobacco giant upgraded to equal rate from prior underweight from analysts at morgan stanley more balanced risk for reward scenario given the current stock price reflecting slower growth assumptions given the rise i

joining us now is cnbc's dominic chu to break down the latest results for us, dom. >> so the two biggest are target and lowe's, because both of them posted better than expected profit, sales. they also forecast better results for the rest of the year. target was helped along by things like more customers trying in-store pickups, also online ordering and same-day shipping and lowe's was helped by better demand for the spring season, seasonal holiday sales, and it's an important look. we looked at whether or not the consumer can continue to be the crux of that decade-long economic expansion in america. remember, some estimates have the consumer spending side of things making up around 70% of u.s. gross domestic product. so it might be a big topic in that ongoing debate about whether recession actually comes or or not. one other place we're seeing some economic impact in america is on the job front, specifically for women in the workplace. 2019 could be the first time that women will make up the majority of america's college-educated labor force. that's according to the "wall street journal

. >>> and as trade war worries dominate, what the administration's next move may be and how much market pain they are willing to tolerate. dom chu with those

chu, bill griffeth and robert frank. >>> china sending shock waves across global markets last week when it devalued its currency. has it become so dominant it is finally time for the trump administration to team up with allies and take it on? that's next when "the exchange" comes right back or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. >>> welcome back in 1984, the u.s. dollar surged to an all-time high, american businesses and agriculture, manufacturing and tech lobbied the government to ask for protection fweagainst cheaper foreign imports. that led to a joint agreement signed at the plaza hotel in new york city in september of 18985 between the u.s., the u.k., france, west germany and japan they jointly deappreciated the doll -- depreciated the dollar, and it plummeted as president trump rails against a strong dollar today, could something like that happen again or are we stuck with the