watch treasury work. it's been three months since its gulf neighbors imposed a blockade and qatar is still struggling financially according to a report from moody's the country has spent over eleven percent of its reserves or thirty eight point five billion dollars to keep the economy going that's a pull into about twenty three percent of g.d.p. and the problems go beyond cash qatar has also had to rely on food and other imports from turkey and iran compared to last year imports have dropped about forty percent and other sectors like trade tourism and banking have also suffered since the crisis began in june and he said it expects the problem to persist but added that other nations in the gulf cooperation council like bahrain could suffer from the sanctions to the the crisis also poses problems for the twenty twenty two world cup which is scheduled to be held in qatar however the stadium hasn't been completed yet and prior to the diplomatic row the country was relying on imports from saudi arabia and the

dow is down 27 meanwhile, rick santelli, what are you watching today >> i'm watching treasury yields, strategy or safety? you never know when the price is right. we'll talk about that a few minutes after the break. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. it can detect a threat using ai, and respond 60 times faster. it lets you know where your data lives, down to the very server. it keeps your insights from prying eyes, so they're used by no one else but you. it is... the cloud. the ibm cloud. the cloud that's built for your business. designed for your data. secure to the core. the ibm cloud is the cloud for enterprise. yours. >>> i'm scott walker

. >>> welcome back it's halftime report i'm jackie deangelis we are watching treasury yields rise aheadorrow's fed decision the yields on the ten-year hitting its highest level in a month. brian stetland, what do you make of this move in the ten-year today? >> certainly the ten-year should have stayed below 220 and since it hasn't it's ticked higher looks like it might be moving higher and the reason being i think the fed is going to need to make some move to stop the $2 trillion plus that they've printed into the market since 2008 the reason be being look at the crb index, the commodity price index. we've seen a real bottoming process there, a tick up in inflation coming from the commodities side we haven't seen it in wage growth yet in the u.s. worker but we've gotten it in the commodities space and i think for that reason the fed's got to do something to sort of curtail that and now you're seeing the ten-year tick up a little bit higher i think we continue to move maybe to 2 1/2% on the ten-year. >> jimmy, what levels are you watching ahead of the fomc announcement tomorrow? >> the t

i'm waiting to watch treasury secretary steven mnuchin talk about the new sanctions on north korea, howsive they'r going to be, see what that means in terms of whether or not we actually get a change in action from north korea when it comes to their nuclear weapons program. >> i'm watching apple very closely. apple hitting a seven-week lows. tomorrow we're getting the iphone l 8, as well the 8 plus in stores. been a rough week for apple this week, down by 3.7%. the broader implications, the technology rally, a sector that powered the markets higher this year biggest market cap stock in the nasdaq 100 under pressure for this month, we could have some hiccups here in the tech run. >> my check please, is about, what else, heidi klum. >> heidi klum. >> on a serious note, think about this she hosts "america's got talent," she hosts the german's version of -- germany's "next top model," has multiple fashion lines she has all these digit businesses and, what, four kids. incredibly busy person you should have seen her going through the interviews solid professional i mean, somebody that works p

, rick santelli, what are you watching today never mind we'll talk to rick hopefully, he's watching his treasuryield bounce, along with the u.s. dollar 'lbeig b im. wel rhtack. not rebalancing your portfolio. pursuing your passion, not reacting to market downturns. focused on what you love, not how your money will last through retirement. let us help you with those decisions, and get on with your life. we make it easier to plan for retirement with day one target date funds from prudential. look forward to your 401k plan. can we at least analyze can we push the offer online? legacy technology can handcuff any company. but "yes" is here. the new app will go live monday? yeah. with hewlett-packard enterprise, we're transforming the way we work. with the right mix of hybrid it, everything computes. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. >>> dow's up 65 points treasury yields are higher, so is the dollar. let's get to rick with the santelli exchange. >> indeed they are, sara, a

watching. gop drama. house republicans upset after the treasury secretary urges them to vote for a hurricane relief bill thatdes a short-term debt rate. one calling steve mnuchin's comments "intellectually insulting." bears down on south florida. it is threatening to become the most costly storm in u.s. history. raceo longer a two horse between janet yellen and gary cohn. the white house is considering half a dozen other candidates to be the next head of the federal reserve. if

i am watching that treasury inflation protected security yield, that is the one to look at what is goingd with the passage of the tax bill it could go up sharply. stuart: you know what we are like when you use jargon like qe 3, a mark of our respect to you that we did not vote him on any of the eight occasions, you are quite a guy. >> i did say.is one from the w post, trump's heartless decision. fox news contributor nigel farage. the mainstream media is apoplectic over this immigration division. what does it look like from britain? >> we are supposed to be compassionate and nice and lovely. when daca was introduced the term dreamers was the word that was used. how can any nice human being the against dreamers? i can draw a parallel with what happened in europe in 2015. we were told the people fleeing for their lives from syria and oppression elsewhere were coming across the mediterranean in boats and what she would do his open heart and mind and allow as many of these people to come because we should be compassionate. we were told this by the european commission and chancellor angela mer

treasury yields are watching that closely. at the united nations, suggesting to the general assembly, how diplomatic will be language be? that has the potential to nudge markets. manus: keep an eye on cable. we are up .3%. you just heard the aston martin ceo tells bloomberg that they have the power to mess it up. what you have here is a median forecast for 1.29 by the end of the year. analysts are playing catch-up with the market. the question is, when you assess what mark carney said last night, did he step back from the perhaps more hawkish tone that came out from the bank of india? he also talked about the global equilibrium in rates, rising in monetary policy, moving to stand still. an upgrade, 1.33 by the end of the year. there arehester, risks to the bullish view. anna: the currency team at nomura. paulound did fall again mark carney was speaking, more dovish interpretation than thursday. but having said that, in the european session, the pound has gained momentum. let's have a quick look at the bond markets. bundis the

stress in the marketplace, those credit markets and bond markets are going to be places to watch, not just treasuriesn mind back over to you. >> for sure, but, mike, i was going to say, based on what mohamed el-erian just told us, markets are going to sell off and what indicators are involved and he's talking about, no, no, no, from the fed's point of view everything overheated and they will raise rates and if that's the case does that is mean the ten-year yields start to jack back up or does it mean that they are too tight >> we're not at the strongest levels in terms of financial conditions so, you know, if the fed was going to be concerned that junk bond markets are way too frothy it seemingly would have happened. high yield has softened up a little bit dom mentioned it's only a small decline in the junk bond etf, but treasury bonds were rallying all day so that does represent a weakness of high yield speculative debt relative to treasuries, so i think implicit in your question, kelly, is that it's a very small margin of difference between, geez, markets are nervous and markets are way too gidy >>

watching. gop drama. house republicans upset after the treasury secretary urges them to vote for a hurricane relief bill that includes a short-term debt rate. one calling steve mnuchin's comments "intellectually insulting." bears down on south florida. it is threatening to become the most costly storm in u.s. history. raceo longer a two horse between janet yellen and gary cohn. the white house is considering half a dozen other candidates to be the next head of the federal reserve. if there is one word to sum up the week in washington, it would be unusual. i can think of another word, too. donald trump's to strike a deal with the democrats. he tweeted this morning -- even worse the bill cleared bipartisan legislation to suspend the debt. bloomberg's chief washington correspondent joining us from capitol hill. great to have you here. today 90 republicans voting against the measure to increase the debt ceiling, including relief for hurricane harvey. are you surprised by that number? megan: i am definitely not surprised, but we have to remember the politicking going on. they knew their boats would not matter bec

watch "washington journal," live at 7:00 eastern this morning. join the discussion. announcer: traveling with the president in new york, treasury secretary steven mnuchin expanded on the president's new executive order. sec. mnuchin: hello, everybody. nice to see you. glad to be here with all of you. it has been a very productive week at the united nations. i have been pleased to be here with the president. today the president signed an executive order that strengthened the u.s. government's ability to cut off funding to the north korean regime and its weapons development program. despite multiple u.n. security council resolutions, north korean dictator kim jong un continues to threaten the world and his neighbors with provocative nuclear and missile tests. president trump's new executive order significantly expands treasury authorities to target those who enable this regime's economic activity wherever they are located. -- for its weapons and mass destruction and ballistic missile programs. country should be used to facilitate kim jong-un's destructive behavior. this new executive order will authorize treasury to impose a rang

munchin taking his wife and landing on the treasury to watch the eclipse.t almost the trump cabinet is using these jobs as personal luxury, as a chance to live the lifestyle of the rich and famous. at some point does that start to bother trump voters? >> it not only bothers trump voters it bothers me. there's a section of that cabinet i would call the cold beer cabinet, nikki haley, mike mulvaney, doing what they need to do and understand politically this issue of planes and entitlements of when you get there in these high places and i would tell you that once we got the scalp of tom price, one of the things we tell people. you just can't do this. you have to be a public servant. the surprising part of me is donald trump was elected by people in pennsylvania, florida, places that were swing states, for people who didn't choose a governor, they didn't choose a senator, they chose with all of his faults, they chose donald trump for his business acumen. so i'm surprised it took donald trump this long. i'm glad that representative price has resign. that was the

treasury tells us what to watch during the big week for central bankers.e hour from the close of trading. let's have a check on markets with julie hyman. julie: we have been pretty steady throughout the day post that, from the north korean foreign minister that president trump's recent comments have amounted to a declaration of war. we saw it go down and then climb sideways the rest of the session, but really, it seems to be more tech focused today than general risk aversion in the market. the nasdaq is falling more than double the declines of the s&p 500. the dow -- to talk about north korea for a second, i want to look at the end, south korean won cross here. when we see the yen declining versus the won, that shows less concerned perhaps about what is going on. what we have seen happen in today's session is we have the yen gaining versus the south korean won. a little bit more concern being reflected, although not nearly the lows we saw back in may. so something to keep an eye on as we continue to watch the back-and-forth. getting back to tech, though, w

honiara what is important to watch because congress has four weeks to increase the ability of the treasury to borrow so that it pays its bills and avoids a default. what are you watching for specifically? >> we've seen it play out a few times in the last years. hour.ypically 11th for the near term, you get the sort of reaction where people are concerned and that comes into price and you see yields on bills. we have been here before and yet some of the language has this time strong around. >> we saw that back in 2011 when we had the downgrade post some of the concerns related to the debt ceiling. we obviously have a republican majority to push something through but we always seem to have these last-minute conversations right down to the wire. this time we may get some form of respite if they managed to postpone it due to some of the disaster relief that is coming from the americans. when we look at the market now, 90 basis points of hikes by the end of 2018. >> the reality is, the u.s. economy looks pretty good at the moment. there is obviously a problem with inflation which no one is quite

treasuries are picking up. elsewhere, we will be watching closely with the daily reference rate for the yuan, given that the offshoreate has rallied quite substantially in recent days. checking out what's going on peso,he philippine inflation data is due out this morning. it is snapping a five-day drop. no change expected from the central bank at its next policy meeting when it comes out later this month. we do have the rba decision also due out later this morning. no change expected from that central bank. is going to be interesting to see what the rba may have to say about china and the commodity outlook, given that iron ore has advanced since the last policy decision. ahead of that, we are seeing aussie stocks slide, losing ground for a second day, led by utilities and energy shares. i want to highlight was going on with financials as well. macquarrie says the party is over for australian banks as mortgage profitability is under pressure. miners are eking gains, about a 10th of a percent up, tracking gains in some base metals like copper today. since thending gains height of september 2014. you can see some money

watch the solar eclipse. officials say they planned the trip to talk about tax reform. treasury secretary's typically fly commercial within the u.s. his wife sparked backlash after she posted a photo of the couple stepping off a government plane and then hashtag to a bunch of designers who made the close she was wearing. more than north korea is prepping for another missile test and one expert says north korea's nuclear missile program is moving much faster than expected. we are live at the state department next. your brain changes as you get older. but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. when i was too busy with the kids to get a repair estimate. i just snapped a photo and got an estimate in 24 hours. my insurance company definitely doesn't have that... you can leave worry behind when liberty stands with you™ liberty mutual insurance. you know win control? be this guy. check it out! self-appendectomy! oh, that's really attache

we are seeing commodities overall higher, gold also higher, and treasury bonds, we're watching the ten-year a look at the insurers in florida, we're looking at those names today to the downside, names like universal insurance, hci group, down 17%, anything hurricane irma as well as on the heels of harvey, the whole group has been under pressure. back to you. neil: nicole petallides at the new york stock exchange, thank you very much. i want to bring you up to speed on what's happening in washington. we're moments away from a white house briefing. the president meeting or will be shortly with his key economic team including steve mnuchin, gary cohn, his national economic council adviser, and that will include mitch mcconnell, of course, the first time they have talked to each other since, apparently, a cursing-out phone call some weeks back and the president's nasty tweets about mitch mcconnell not doing more to continue the legislative agenda that he says republicans should be winning, not losing. and later today key members of congress will be included in that not only mitch mcconnell, but

watch. the news tonight president trump signs an executive order granting the treasury department increased powers to target north korea's trading partners and the chinese to step up to the plate ordering their central bank to prohibit the country's banks from doing business with north korea and hurricane maria leaves the entire island of puerto rico without power as rescuers continue their efforts following mexico's earthquake on wednesday i'm ed schultz reporting tonight from washington d.c. this is the news on our team america. good evening friends we start tonight with an executive order signed by president trump sanctioning north korea's trading partners the president announced a decision during a sideline meeting with the korean and japanese presidents at the united nations general assembly the order enhanced as the treasury department's abilities to target individuals or groups with significant trade relationships with north korea today i'm announcing a new executive order just signed. that significantly expands our authorities to target individuals companies financial institutions t

. >>> first to today's bond report rick >> anybody likes to watch this market, ten years of treasuriesare at 215 last night we had the low close under 213. but the market is acting heavy here, and that's catching some traders off guard. you look at year to date chart, something else happening today long end maturities outperforming on the sell side to short maturities, something called steep ening haven't seen it in a while it is only a nub on the right side, but hovering with flat areas with regard to that metric look at the dollar index, keep in mind, trading 92.83 it is up dollar is ahead. is there a bounce in sight power lunch returns in two minutes. >>> if you're a parent, you might know the feeling of trying to keep up with your child's traveling sports team. you're not alone used to be small time baseball leagues and soccer lesioagues. it is now a 15 billion dollar business joining us, author of the piece, shawn gregory. good to have you here. give us some of the most extreme examples i read the article, my eyes popped parents spending how much a month so johnny at the age of 11

it all kicks off with our special occasion with treasury secretary steven mnuchin make sure you set your watchest in case you don't have a watch to set, don't worry, we'll count you down right here. we're tracking the destruction from hurricane irma. we have more on that story in a few minutes. but first, let's take a look at the markets this morning u.s. equity futures are extending the rally from yesterday. right now, dow futures indicated up by almost 50 points

watching "bloomberg technology." president trump issued a new executive order expanding the treasury department's ability to cut off fromets any bank that does business with north korea. ambassador nikki haley spoke to reporters at the united nations. ambassador haley: it only impacts those who continue to do business with north korea. if china does business with north korea, yes, it will impact them. so, really, it depends on countries that choose to continue to support north korea. mark: a mexican official says there is no missing child that that collapsed that became the focus of a rescue effort after this week's deadly earthquake. they believe an adult may be alive in the rubble. more than 50 people have been rescued. the death toll is at least 245. puerto rico has been declared a federal disaster area after hurricane maria battered the u.s. commonwealth. president trump plans to visit puerto rico to assess the damage. he spoke about the devastation during a meeting with ukraine's president. president from: puerto rico is in very tough shape. their electrical grid is destroyed. it wasn't in good shape to start off w

treasury secretary steve mnuchin is accused of using a government plane to fly to kentucky to watch thecording to the "washington post, epa administrator scott pruitt has taken at least four military or charter flights that have cost taxpayers $58,000. congress is now investigating. >>> a rock slide if in yosemite national park in california leaves one person dead and another injured. a giant hunk of granite described by one witness as the pg inmefe opartment build f rodust into the air. at least 30 climbers were scaling the granite monolith at the time. an emergency chopper transported the the injured climber to a hospital. no word yet to the extent of the injuries. >>> and it looks like a death of an american college student imprisoned in north korea may never be solved. an ohio coroner says an autopsy was inconclusive as to whether no sign of r was tortured. torture to his teeth. that contradicts his parents would say his teeth looked like they were rearranged by pliers. the coroner says warmbier died from brain damage. she says it's fought clear what caused that. and bottom line, we

treasury yield. we did not get below 2%. we keep watching out for that.ssing the bloomberg at this morning on the subject of pharmaceuticals. the israeli pharmaceutical business naming the chief as its ceo. this is in the pharmaceuticals industry, getting a few comments coming through. shares.n new the headline we are getting this morning naming chief schulz as its ceo. let's check in on the bond market. the rotation we are seeing coming in from the weekend. with the jewel push from hurricane irma and the north korean peninsula, what is that doing to futures daca -- futures? here's juliette saly. juliette: anna, of korea has warned of retaliation if the united nations security council approves a proposal for harsher sanctions. the regime says it is closely following the moves of the u.s. the morning came as the u.s. calls for a vote on a resolution to target sanctions on pyongyang after the sixth and most powerful nuclear hit. inflationoduced and -- produced and inflation that be estimates. -- beat estimates. shows the effects of revealing domestic demand

treasury secretary steve mnuchin is also a target of that investigation. he's accused of using a government plane to fly to kentucky with his wife to watch the eclipse. abc's cecelia vega is tracking your money. >> reporter: president trump making it clear he is angry with his health secretary's penchant for private planes on the public dime. >> i will tell you personally, i am not happy about it. i'm not happy about it. i'm going to look at it. i'm not happy about it and i let him know. >> reporter: secretary tom price under fire for his luxury jet travel, costing tax payers more than $400,000. an investigation now under way, and price says those high-priced trips are on hold. >> we've heard the criticism. we've heard the concerns, and we take that very seriously and i've taken it to heart. >> reporter: but the president made it clear price's future is in question. >> would you fire him, sir? >> reporter: three cabinet secretaries now under investigation for expensive travel. treasury secretary steve mnuchin accused of taking costly government jets over commercial flights, including that trip to kentucky with his wife where they viewed the eclipse.

would be worried about right now i don't see signs of recession, as we go forward, watch the yield curve, make sure treasury bills are not going higher than the ten-year note. right now they're at 1% versus 2.25 there's no sign of an inverted yield curve at this point. but keep an eye out of it. the next recession will most likely derail this bull market >> if i had to wait for the economy to overheat and rates to start going up to where you choke that off and you get your normal classical recession that sounds like it's a long way off. is there any reason to think there's a recession on the horizon when rates are this low? >> i mean, you know, to the point that it's been unprecedented territory that makes it harder to forecast. right now i think we're a ways away we're long as well it makes sense to be long at this point in the cycle i think you want to continue to let your equities run. but you have to be careful of what's around the corner i think 4 to 6 months out seems like everything is fine. longer than that, harder to tell this market could go for another couple years or if things heat up quickly, w

watching? the risk rally rolling on. the s&p rises to a record high, treasuries tumbled. has the dollar turned a corner?cuss. the volkswagen ceo vows to offer electric versions of all 300 models by 2030. can the industry deliver on its promises?

watching? the risk rally rolling on. the s&p rises to a record high, treasuries tumbled. has the dollar turned a corner? we will discuss. the volkswagen ceo vows to offer electric versions of all 300 models by 2030. can the industry deliver on its promises? we will take you to the frankfurt auto show. and anticipating apple. the world's most valuable company is set to unveil look at be his most important product launch in years, the iphone x. but will the price point be too high? we will discuss it. let's take you first of all to the frankfurt motor show. matt miller, what are we going to be taking away? what will be the big theme? does it involve batteries? matt: i think for the first time in years, we are seeing a major change, a major, multibillion-dollar change from all the automakers globally. volkswagen is talking about losing capex to create more electric cars, putting out orders for $50 billion worth of gear. we are hearing about cost cuts at mercedes that are going to be about $5 billion. huge shift as this industry moves from diesel powertrains to electric powertrains, and that is all we are h

it all kicks off with our special occasion with treasury secretary steven mnuchin make sure you set your watches and just in case you don't have a watch to set, don't worry, we'll count you down right here. we're tracking the destruction from hurricane irma. we have more on that story in a few minutes. but first, let's take a look at the markets this morning u.s. equity futures are extending the rally from yesterday. right now, dow futures indicated up by almost 50 points the s&p up by 3 and nasdaq up by 15 this comes after all the markets looks looked very strong yesterday. the dow was up by 260 points s&p was up by 26 it was a record close for the s&p 500 and that's its first since august 7th the dow closed at a one-month high take a look at what's been happening in europe this morning. the gains we saw yesterday as concerns about irma faded a bit and, again, some concerns about north korea not quite as potent as they had been as we headed into the weekend this morning, it looks like a bit of a mixed picture in europe most of the major bourses are higher with the dax up by .5% and a similar ga

to taper our bond buying purchases watch that german boom rip from point three five percent or way to two or three percent very quickly it's going to drag treasuries here and bonds all over the world sovereign debt is going to skyrocket and that's when this phony economy and stock market implodes i know but we've been saying this for five years that there's a phony economy a phony market that the central banks you know there was a great hope that the european central bank would not do the same thing the fed was doing to the bank of japan was doing that there was a vestige of the old bundesbank that they were anti inflation that they would never monetize debt and yet they want to did it and drag has been doing it and they don't seem to care about it and but the capacity to continue on this game with the bank and switzerland buying back by apple stock and buying assets in the bank of japan buying e.t.f. i mean i hear what you're saying well i don't see why now should this and i mean i can and i can hear the whole another fifteen trillion dollars worth of us going forward so draggy is running out of booms to buy that's one reason and let's just go ba

watching high-yield coming in, tight. what happens to high-yield if janet yellen's inflation becomes less and transitory? how does that work? rachel: historically high-yield has had an inverse relationship with treasuriesthe economy has already been strong, and spreads are tight, so there is not a lot of room for spreads to go. tothink they are going tighten financial conditions, so spreads are likely to leak wider . tom: i know everybody at pimco eats kale and you haven't been to mcdonald's in three years, help me. blue-chip corporate like mcdonald's comes down, how does that deal get done? how do you get the paper you want? ini have not eaten fast food 10 years, so probably not be biggest mcdonald's fan out there. obviously, investors are out there competing for supply. financial conditions are so easy, so many of these corporate bond deals are being met with incredibly strong demand, two or three or four times oversubscribed. we are being a lot more selective. we talked about high-yield earlier. we have reduce risk in high-yield. we are being more selective. we are owning more senior parts of the capital structure. we are not buying as many new issues as we were six months ago. we like the u.s. hous

spicer is now 28-year-old wide-eyed anonymous innocent treasury employee getting chewed up by the senate and winning the sympathy of everybody who watches, but there is an emerging clarity here about who in this white house, who in trump world has a shell. who has a defense? and who's like a turtle pulled out of the shell left to fend for itself. in that sense and emerging clarity who is being defended and who is not, that sort of reflects the character. that window into the character of this part of trump administration, how they handle this gigantic scandal and their defense against it is starting to parallel and look like how this administration conducts itself in other matters. right? so i mean, how they are handling this administration scandal is starting to kind of echo how they are behaving as an administration like the basic stuff about staffing up the federal government and doing the business. of federal agencies. take a snapshot what we know from current headlines and news in terms of how they are behaving as an administration and handling themselves as a federal government. today politico.com they hired a punch of top tier hi

rates are getting closer to the rate or higher than the on the treasuries, that is where people start to get scooped out. that is something to watch the two-year yields getting about the fed funds rate, people will start watching. be ont: the focus will inflation data. today's a host cell inflation numbers don't get people reason to worry. julia: great to chat with you. thank you. mike's commentary on the bloomberg. i want to bring you up to speed with the story we have. insperity -- charged with conspiracy by manipulating the price of precious metals. the second person publicly charged in the u.s. on this investigation. he was tackled by swiss regulations back in 2014. interesting timing on this one. unclear whether they did anything as far as disciplining him. we'll bring you more headlines as they come. from new york this is bloomberg. ♪ ♪ julia: from bloomberg world headquarters in midtown manhattan, this is bloomberg markets. commodity markets are closing in new york. here are the markets biggest movers. oil and crude gaining today. forecasting the strongest demand for oil in two years. on thehere is word street that opec is

watch today. the dow look like it will open up by 40 points. another check on the ten-year treasury 2.12% that's it for "worldwide exchange." stay tuned because "squawk box" is coming up next. happy labor day weekend. for years, at&t has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business is different. ♪ ♪ we deliver super-fast internet with speeds of 150 megabits per second across our entire network, to more companies, in more locations, than at&t. we do business where you do business. ♪ ♪ >>> good morning developing story the gulf coast starts to clean up from hurricane harvey >>> a crucial east coast fuel pipeline was shut by the storm, that will reopen this weekend. >>> and it is jobs friday. they were scrambling because it's september 1 st, already got the august numbers we'll get you ready for that jobs report. >>> markets are in focus futures pointing to a higher open ahead of the big report on employment nasdaq has been strong four big days. full market rundown straight ahead.

treasury office of inspector general. >> when i got there, the staff had actually intended that we watch the eclipse on the roof of fortand, you know, people in kentucky took this stuff very seriously being a new yorker in california is like the eclipse, we got there is like really, i don't have any interest in watching the eclipse. we never went on the roof. i didn't stay for the whole time. >> wait a second. steve, people went nuts. i was there in my glasses and rachel maddow and these randos got in on the action. across the city, new yorkers poured out of the buildings and shared a new york and american experience whether wearing our hashtag eclipse sunnis or not. when only the best will do... one of a kind tempur-pedic delivers. only tempur material precisely conforms to your weight, shape and temperature. it provides up to twice as much pressure relieving power, so you won't toss and turn. and tempur-pedic is the best at minimizing motion transfer from your partner. you'll wake up, feeling like a champion. savings end soon! through september 17th, save up to $500 on select adjustable sets. find your exclusive reta

couple of other things to watch out for because after we've had that announcement of these sanctions we're expecting some of the details to be briefed to the press by the treasury secretary stephen munition he will be briefing reporters in a few hours' time and after that we're going to have a briefing from the u.s. ambassador to the u.n. nikki haley again we believe or north korea again speaking to reporters at a news conference while all that's going on back here at the u.n. the speeches continue in the general assembly but in the security council a relevant meeting to all this because the u.s. has asked for a meeting on nonproliferation and that means trying to get rid of of weapons of mass destructions in particular nuclear weapons so it gives the u.s. the chance to raise north korea and for that matter iran in the chair of the security council will be the u.s. secretary of state rex tillerson and other foreign ministers around the horseshoe table of the security council james bays thank you very much indeed. mexican government has declared three days of national mourning after the country was hit by the worst earthquake in decades at least two hundred thir

with the absence of treasury markets today, it is one of those global benchmarks at that you want to watchx down by half of 1% with risk-based. i would argue all trading on stories that are unrelated to what is happening with germany right now. matt: i don't think that's a better argument. there were no surprises. last night was germany's first and only televised debate. take a listen to some of the highlights. to be honest, using water cannons against thousands of people are these methods to solve problems? i don't think so. we have the border of 3000 kilometers so we need to start at the root of the problem. we need to control and organize. we did install border controls but leaving austria and other countries to deal with this by themselves, the turkey treaty was criticized for it, but i think it's the right way to go. >> the only statement the government will understand is, enough is enough. their stance is, the germans whenever stop the talks. they are too scared. that's why they treat the citizens the way they do. if we start to talk nearly now and the rupture of a a second talks in

the order allows the treasury program to target individuals and companies that provide good, services or technology to north korea. >>> you're watchingtvu fox 2 news at 6:30. >>> two major groups representing the health insurance industry came out today against a last-ditch attempt by republicans to repeal and replace obamacare. >> insurers are warning that the graham-cassidy named for the authors in the senate, they say that the bill would create chaos and uncertainty in the insurance market. a short time ago heather holmes spoke to a prominent bay area republican who disagrees. she is in our newsroom with the details. >> reporter: frank and julie, as he sees it the former chairman of the republican party in california tom del beccaro says the graham- cassidy bill is the best option we have because it gives power back to individual states but as you said the number of groups opposed to the bill is growing. take a look. today two trade groups representing the insurance market, the blue cross/blue shield association, and america's health insurance plans, said they oppose the bill. already the american medical association and the ameri

treasury office of inspector general. >> when i got there, the staff had actually intended that we watch the eclipse on the roof of fortx and, you know, people in kentucky took this stuff very seriously being a new yorker in california is like the eclipse, we got there is like really, i don't have any interest in watching the eclipse. we never went on the roof. i didn't stay for the whole time. >> wait a second. steve ma steve, people went nuts. i was there in my glasses and rachel maddow and these randos got in on the action. across the city, new yorkers poured out of the buildings and shared a new york and american experience whether wearing our hashtag eclipse sunnis or not. patrick woke up with back pain. but he has work to do. so he took aleve. if he'd taken tylenol, he'd be stopping for more pills right now. only aleve has the strength to stop tough pain for up to 12 hours with just one pill. aleve. all day strong. that's it!girl! get it, woo, yeah! mom! my game's over. parents aren't perfect, but then they make us kraft mac & cheese and everything's good again. >>> believe it or not, there is a last ditch effort

watching our team america we begin today with the latest on how the u.s. is a working toward a nuclear free north korea up the senate banking committee heard from the treasury and state departments today but didn't get any resulting results so far on the economic sanctions tactic the thing that's important to remember is we've been down this road with north korea several times already and that they have continually undermined cheated and disregarded the agreements that we've entered into with them in an attempt to do what we are also attempting to do obviously with iran which is which is stop freeze and rollback in illegal nuclear programs for more on the u.s. tactics to disarm a nuclear north korea we go now to professor paul atwood from the university of massive cuts and a war and pyar of the american way of life thank you so much for joining us paul professor out of what i first want to start with the what's your reaction to that statement considering that the u.s. has no official treaty with north korea. well it certainly doesn't have an official treaty but it has had an armistice since one nine hundred fifty three nine hundred fifty four which of cours

watch word here. the politics are going to remain a feature of this relationship in october twice a year the u.s. treasury decides or judges whether china is a currency manipulator. >> last time it didn't, it retrained from that. >> exactly. >> it was very significant at that time donald trump was probably loepg for china to become a good friend in the aggressions with north korea didn't turn out that way i guess mr. trump's patience is running thin. >> that plays a part the chinese currency is stronger chinese growth prospects are strong as well that gives beijing some cover. >> now this. >> right let's move on. the united nations is set to vote on fresh new north korean sanctions. while in manila the asean nations have been meeting to discuss economic trades. >> reporter: good morning, the asean economic ministers meeting wrapped up a short while ago the conclusion was a bit anti-climatic after pushing to try to get the china-driven rcep free trade plan across the line by november, it looks like it's not going to happen. it's going to come up a few yards short. the philippine trade secretary, ramon lope

treasury secretary also commented on tax reform. we will get to that. but the bipartisan meeting going on right now is closely watched. go congress go. urging congress to tackle tax reform for his first major legislative victory. in congress response. house republicans may respond in just two weeks. but which team is that cheerleader really counting on. reaction from the man who has the nation's purse pursestrings for the last four years. jack lew on low on what might get the democrats on board and whether we will seek tax reform this year and if the dollar is heading for a rally or collapse we have a foxbusiness exclusive. the death toll is rising in the floor to keys as fema arrives on the scene but a source on the ground telling countdown that the human toll and the disturbing news we are getting on the florida keys chaos gasoline shortages are making that return trip back home a major ordeal. a man who represents 10,000 convenient store gas stations. today, we are off to the apple store down on 14th street in new york city to find out what that diehard apple fans really think about dropping a thousand dollars for

from the storm, the yen, treasuries, and gold rally as investors brace for the economic damage hurricane irma. japan looking for growth. in capex. dollar, wees to the are watching trade out of china this morning. it could come out this afternoon. we will be counting down to that. you have the currency, trade. trade has been good. it the the currency has been strong. chart 6568. there you have the onshore rate, blue. in there we go with this uptick. unexpected growth this year are setting the weakness because of this pullback. borrowing costs have been on the out across different cities, local governments in china. we have the fix in 17 minutes. hopefully we will get the latest trade numbers out of china. markets are set to open in less than 30 minutes. we are looking at what, sophie? barrage aspare for a we have dollar weakness to contend with. take a look at the bond market. bonds rowling, korean bonds catching a bid has the five year yield dropped. we have stocks lower. the kospi sinking for a fourth day. a mixed bag when it comes to equity markets. check out the currency space. the hong kong dollar surging the most since january 2016. the malaysian ringgit s

a similar investigation of treasury secretary steven minucci he was criticized for deploying a government jet to take himself and his wife on a trip that allowed him to watch the solar eclipse in august but price is unlikely to draw criticism from his boss donald trump this president's performance driven and if the secretary is doing a good job if he's doing what the president has requested him to do in the manner that he should be doing it that the president will support prices spokesman has defended the charter flights as necessary to meet what he called an incredibly demanding schedule now it's up to his department's inspector general to decide if the price was right or price tom ackerman al-jazeera washing. some of the most iconic dresses in cinema history worn by actress audrey hepburn and going on sale at an auction in london the collections being offered by her sons the auction comes nearly twenty five years after her death in one thousand nine hundred three some of the hollywood stars clothes jewelry and photographs from movies such as my fair lady and sabrina are estimated to raise nearly seven hundred thousand dollars the actors script of the fil

treasury curves. if you look at the short-term measures, we have a long way to go. you would be watchingare long way from that. rishaad: a lot of what happens here is to- the idea talk about asia and asia credit and where we are going with that. what are the highlights and what are the low lights. we just finished first half results in asian credit. it has been an excellent first half. so it should bp or do we have had a good run in terms of fiscal and monetary polity -- policy. beenorporate's of reporting good numbers, industrials have seen a real output prices. and commodity prices have a lot to do with that as well. the property, despite the recent equity moves, have put in good numbers. fundamentals are good. valuations are hiked. it is about selection. if you look at asian credit returns, it has been dominated by a handful. two ideas and craddick names. -- audio syncretic names. that haslassic one impacted a lot of credit investors, a name we have not been involved in is noble group this is been a -- this is a credit that bonds have moved significantly. that idiosyncratic issuer and

dollar, i'm sure that you at fbn are watching this, the lowest level of the year today amongst other world currencies. lowest of the year in the treasuryd gold is going up. highest it has been for a year. photo bracing for impact as hurricane irma barrels towards the sunshine state after wreaking havoc on the caribbean. good slam headlong into miami and take aim at georgia and south carolina. we will talk to phil keating on the ground in miami beach. he is braving the elements. top republicans has he smelled a rat, once james comey to testify again on hillary clinton's email scandal. alike he says, the conclusion of the case just does not add up. ♪ c in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. when this guy got a flat tire in the middle of the night, so he got home safe. yeah, my dad says our insurance doesn't have that. what?! you can leave worry behind when liberty stands with you™. liberty mutual insurance. ♪ >> sandra: fox news alert, bracing for irma's wrath. expanding evacuation orders as that hurricane is on track to slam into south florida in miami. hom