Jamie Dimon says Facebook’s libra is ‘a neat idea that’ll never happen’

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, on Wednesday, Sept. 25, 2019. J.P. Morgan Chase CEO Jamie Dimon is not bullish on the future of Facebook’s libra cryptocurrency. “It was a neat idea that’ll never happen,” Dimon said Friday at a conference in Washington D.C.Dimon’s comments come as a raft of corporate partners have dropped out of the libra crypto project. He added that his bank has a similar project called


Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, on Wednesday, Sept. 25, 2019.
J.P. Morgan Chase CEO Jamie Dimon is not bullish on the future of Facebook’s libra cryptocurrency.
“It was a neat idea that’ll never happen,” Dimon said Friday at a conference in Washington D.C.Dimon’s comments come as a raft of corporate partners have dropped out of the libra crypto project.
He added that his bank has a similar project called
Jamie Dimon says Facebook’s libra is ‘a neat idea that’ll never happen’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: hugh son
Keywords: news, cnbc, companies, happen, jamie, washington, theyre, stablecoins, dimon, thatll, york, project, facebooks, chase, neat, libra, idea


Jamie Dimon says Facebook's libra is 'a neat idea that'll never happen'

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, on Wednesday, Sept. 25, 2019.

J.P. Morgan Chase CEO Jamie Dimon is not bullish on the future of Facebook’s libra cryptocurrency.

“It was a neat idea that’ll never happen,” Dimon said Friday at a conference in Washington D.C.

Dimon’s comments come as a raft of corporate partners have dropped out of the libra crypto project. He added that his bank has a similar project called JPM Coin.

“We already have stablecoins, they’re not the first to do it,” Dimon said. “I’ve got nothing else to say about it.”


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: hugh son
Keywords: news, cnbc, companies, happen, jamie, washington, theyre, stablecoins, dimon, thatll, york, project, facebooks, chase, neat, libra, idea


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Mitch McConnell blasts Trump’s Syria withdrawal as ‘a strategic nightmare’

U.S. Senate Majority Leader Sen. Mitch McConnell (R-KY) speaks as Sen. John Barrasso (R-WY) looks on during a news briefing after the weekly Senate Republican policy luncheon September 10, 2019 at the U.S. Capitol in Washington, DC. Republican Senate Majority Leader Mitch McConnell on Friday blasted President Donald Trump’s decision to withdraw U.S. troops from northern Syria, calling the move “a grave strategic mistake” in an op-ed for The Washington Post. “The recently announced pullout risks


U.S. Senate Majority Leader Sen. Mitch McConnell (R-KY) speaks as Sen. John Barrasso (R-WY) looks on during a news briefing after the weekly Senate Republican policy luncheon September 10, 2019 at the U.S. Capitol in Washington, DC.
Republican Senate Majority Leader Mitch McConnell on Friday blasted President Donald Trump’s decision to withdraw U.S. troops from northern Syria, calling the move “a grave strategic mistake” in an op-ed for The Washington Post.
“The recently announced pullout risks
Mitch McConnell blasts Trump’s Syria withdrawal as ‘a strategic nightmare’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: kevin breuninger
Keywords: news, cnbc, companies, sen, trumps, senate, president, policy, washington, blasts, strategic, trump, nightmare, mitch, withdrawal, northern, mcconnell, syria


Mitch McConnell blasts Trump's Syria withdrawal as 'a strategic nightmare'

U.S. Senate Majority Leader Sen. Mitch McConnell (R-KY) speaks as Sen. John Barrasso (R-WY) looks on during a news briefing after the weekly Senate Republican policy luncheon September 10, 2019 at the U.S. Capitol in Washington, DC.

Republican Senate Majority Leader Mitch McConnell on Friday blasted President Donald Trump’s decision to withdraw U.S. troops from northern Syria, calling the move “a grave strategic mistake” in an op-ed for The Washington Post.

“The recently announced pullout risks repeating the Obama administration’s reckless withdrawal from Iraq, which facilitated the rise of the Islamic State in the first place,” McConnell wrote in the op-ed.

While his piece does not explicitly lay blame at Trump’s feet — or even mention his name — it warns that the Trump administration’s sudden foreign policy shift “will leave the American people and homeland less safe, embolden our enemies, and weaken important alliances.”

The White House had announced earlier in October — following a call between Trump and Turkish President Recep Tayyip Erdogan — that Turkey would be moving forward with its long-planned incursion into northern Syria, where U.S.-backed Kurdish forces had been fighting ISIS.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: kevin breuninger
Keywords: news, cnbc, companies, sen, trumps, senate, president, policy, washington, blasts, strategic, trump, nightmare, mitch, withdrawal, northern, mcconnell, syria


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Watch JP Morgan’s Jamie Dimon and Morgan Stanley’s James Gorman speak in Washington

[The stream is slated to start at 12:45 p.m., ET. Please refresh the page if you do not see a player above at that time.] James Gorman, CEO of Morgan Stanley, and J.P. Morgan Chase CEO Jamie Dimon were set to speak Friday at an event organized by the Institute of International Finance in Washington, D.C.Their comments came after both banks posted better-than-expected earnings earlier in the week. J.P. Morgan Chase shares hit an all-time high after the banking giant released its results. Morgan S


[The stream is slated to start at 12:45 p.m., ET.
Please refresh the page if you do not see a player above at that time.]
James Gorman, CEO of Morgan Stanley, and J.P. Morgan Chase CEO Jamie Dimon were set to speak Friday at an event organized by the Institute of International Finance in Washington, D.C.Their comments came after both banks posted better-than-expected earnings earlier in the week.
J.P. Morgan Chase shares hit an all-time high after the banking giant released its results.
Morgan S
Watch JP Morgan’s Jamie Dimon and Morgan Stanley’s James Gorman speak in Washington Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: fred imbert
Keywords: news, cnbc, companies, timejames, jamie, earnings, stanleys, washington, speak, gorman, stock, ceo, weekjp, stream, morgan, youtube, chase, morgans, james, watch


Watch JP Morgan's Jamie Dimon and Morgan Stanley's James Gorman speak in Washington

[The stream is slated to start at 12:45 p.m., ET. Please refresh the page if you do not see a player above at that time.]

James Gorman, CEO of Morgan Stanley, and J.P. Morgan Chase CEO Jamie Dimon were set to speak Friday at an event organized by the Institute of International Finance in Washington, D.C.

Their comments came after both banks posted better-than-expected earnings earlier in the week.

J.P. Morgan Chase shares hit an all-time high after the banking giant released its results. Morgan Stanley’s stock also got an earnings boost.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: fred imbert
Keywords: news, cnbc, companies, timejames, jamie, earnings, stanleys, washington, speak, gorman, stock, ceo, weekjp, stream, morgan, youtube, chase, morgans, james, watch


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

HBO’s ‘Silicon Valley’ final season riffs on Big Tech’s Washington problems and it hits close to home

HBO will premier its sixth and final season of “Silicon Valley” later this month, but its cast says the satirical series is ending at a time when it’s hitting closer to home than ever. The season will premier Oct. 27 and the first episode dives into Silicon Valley’s present-day clash with the U.S. government over monopolies, data privacy, scooters and polyamorous relationships. In the upcoming season premiere, the main character Richard Hendricks sits before congress to testify about user data.


HBO will premier its sixth and final season of “Silicon Valley” later this month, but its cast says the satirical series is ending at a time when it’s hitting closer to home than ever.
The season will premier Oct. 27 and the first episode dives into Silicon Valley’s present-day clash with the U.S. government over monopolies, data privacy, scooters and polyamorous relationships.
In the upcoming season premiere, the main character Richard Hendricks sits before congress to testify about user data.

HBO’s ‘Silicon Valley’ final season riffs on Big Tech’s Washington problems and it hits close to home Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: jennifer elias
Keywords: news, cnbc, companies, silicon, valley, tech, problems, washington, final, making, world, members, techs, hits, season, cast, started, riffs, hbos, companies


HBO's 'Silicon Valley' final season riffs on Big Tech's Washington problems and it hits close to home

HBO will premier its sixth and final season of “Silicon Valley” later this month, but its cast says the satirical series is ending at a time when it’s hitting closer to home than ever.

“We’re a little sentimental because we just wrapped production, but also because we feel like this story is just getting started,” said head of HBO comedy programming Amy Gravitt at a premiere event in San Francisco Wednesday, referring to ongoing issues facing Big Tech.

The season will premier Oct. 27 and the first episode dives into Silicon Valley’s present-day clash with the U.S. government over monopolies, data privacy, scooters and polyamorous relationships. It comes as Big Tech faces increasing scrutiny from the public, lawmakers and presidential candidates alike.

(Consider this your spoiler warning if you want to wait for the show’s premiere.)

In the upcoming season premiere, the main character Richard Hendricks sits before congress to testify about user data. Nervously sweating, he compared his moral standing to that of Facebook and Google, who he said have gotten away with monopolizing advertising and search, only to return back from Washington to learn his company used the same practices.

During a screening in San Francisco Wednesday, cast members reflected on how interactions with the public and with Silicon Valley companies themselves have morphed since the show first aired in 2014.

“A lot has changed in the way people think about tech since the show has started,” said former Twitter CEO Dick Costolo, who moderated a panel discussion with cast members after the screening.

“When we first started, it was bout outsiders trying to make a name and a business and now it’s become about people literally trying to save the world from people who have torn the fabric of society and broken the world,” director Alec Berg said.

Berg and and show creator Mike Judge said even interactions with companies have changed and —at times— proven their on-screen stereotypes.

“At first, at Google, we got a tour from a person who didn’t really know what they were doing and we got a very different tour after the show had come out,” Judge said. “It was like the media relations people — one after another — who’d say ‘Oh it’s great how you’re making fun of these companies who say they are making the world a better place, now let me show you how we are making the world a better place.'”

Actor Thomas Middleditch, who plays the main character Richard Hendricks, said techies approach him saying the show sometimes hits too close to home.

“It’s usually one of two things: ‘Oh man, I love the show — it’s like you had a camera in the room because that happened to me’ or it’s ‘hey man, I hear the show’s really good but I can’t watch it because it makes me relive my trauma at a startup.'”

The cast jokingly threw jabs at the audience, which was a combination of Silicon Valley and Hollywood types.

“How do you feel that they are un-self aware, and we can almost go individual by individual” actor Zach Woods said sarcastically, referring to audience members who work in tech.

“Say your net worth to,” Middleditch added.

Follow @CNBCtech on Twitter for the latest tech industry news.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: jennifer elias
Keywords: news, cnbc, companies, silicon, valley, tech, problems, washington, final, making, world, members, techs, hits, season, cast, started, riffs, hbos, companies


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

How a 28-year-old homeowner making $80,000 in DC spends her money

4 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Angel Thompson, 28, lives in Washington, D.C., and earns $80,000 a year as a project manager for the National Park Foundation. This is an installment of CNBC Make It’s Millennial Money series, which profiles people across the U.S. and details how they earn, spend and save their money.


4 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser.
Download the latest Flash player and try again.
Angel Thompson, 28, lives in Washington, D.C., and earns $80,000 a year as a project manager for the National Park Foundation.
This is an installment of CNBC Make It’s Millennial Money series, which profiles people across the U.S. and details how they earn, spend and save their money.
How a 28-year-old homeowner making $80,000 in DC spends her money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17
Keywords: news, cnbc, companies, homeowner, money, view, site, spends, enabled, thompson, 80000, 28yearold, flash, browser, spend, washington, try, making


How a 28-year-old homeowner making $80,000 in DC spends her money

4 Hours Ago

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

Angel Thompson, 28, lives in Washington, D.C., and earns $80,000 a year as a project manager for the National Park Foundation. This is an installment of CNBC Make It’s Millennial Money series, which profiles people across the U.S. and details how they earn, spend and save their money.


Company: cnbc, Activity: cnbc, Date: 2019-10-17
Keywords: news, cnbc, companies, homeowner, money, view, site, spends, enabled, thompson, 80000, 28yearold, flash, browser, spend, washington, try, making


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Brexit vote looked like electing a prom queen — not the future of the UK, OECD chief says

OECD Secretary-General Angel Gurria told CNBC that Brexit proponents in the United Kingdom were allowed to hijack the narrative ahead of the 2016 referendum, wrongly distributing “fairy tale” ideas of what the country would look like after leaving the EU. Speaking to CNBC’s Geoff Cutmore on Thursday at the IMF and World Bank annual meetings in Washington, D.C., he took aim at former U.K. leader David Cameron and his remain campaign, calling it an “exercise in how not to do things.” “I think the


OECD Secretary-General Angel Gurria told CNBC that Brexit proponents in the United Kingdom were allowed to hijack the narrative ahead of the 2016 referendum, wrongly distributing “fairy tale” ideas of what the country would look like after leaving the EU.
Speaking to CNBC’s Geoff Cutmore on Thursday at the IMF and World Bank annual meetings in Washington, D.C., he took aim at former U.K. leader David Cameron and his remain campaign, calling it an “exercise in how not to do things.”
“I think the
Brexit vote looked like electing a prom queen — not the future of the UK, OECD chief says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: matt clinch
Keywords: news, cnbc, companies, world, looked, brexit, chief, queen, electing, prom, wise, vote, wrongly, oecd, united, kingdom, win, future, referendum, washington, calling


Brexit vote looked like electing a prom queen — not the future of the UK, OECD chief says

OECD Secretary-General Angel Gurria told CNBC that Brexit proponents in the United Kingdom were allowed to hijack the narrative ahead of the 2016 referendum, wrongly distributing “fairy tale” ideas of what the country would look like after leaving the EU.

Speaking to CNBC’s Geoff Cutmore on Thursday at the IMF and World Bank annual meetings in Washington, D.C., he took aim at former U.K. leader David Cameron and his remain campaign, calling it an “exercise in how not to do things.”

“I think the idea of calling a referendum, or offering to call a referendum, was not very wise,” he said of Cameron’s 2015 general election pledge.

“Then you decide to have a referendum — then make sure you win it. And I can tell you it looked like they were electing the prom queen rather than looking at the future of the United Kingdom,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: matt clinch
Keywords: news, cnbc, companies, world, looked, brexit, chief, queen, electing, prom, wise, vote, wrongly, oecd, united, kingdom, win, future, referendum, washington, calling


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Watch Mark Zuckerberg deliver a speech on free expression at Georgetown University

Facebook CEO Mark Zuckerberg is back in Washington, D.C., today for a speech at Georgetown University on free expression. A Q&A will follow the speech. This is his second trip to D.C. in a month and comes one week before he is expected to testify before the House Financial Services Committee on October 23 regarding Facebook’s impact on the financial services and housing sectors. Zuckerberg is also slated to appear on Fox News on Friday, where he’s expected to address mounting criticism of Facebo


Facebook CEO Mark Zuckerberg is back in Washington, D.C., today for a speech at Georgetown University on free expression.
A Q&A will follow the speech.
This is his second trip to D.C. in a month and comes one week before he is expected to testify before the House Financial Services Committee on October 23 regarding Facebook’s impact on the financial services and housing sectors.
Zuckerberg is also slated to appear on Fox News on Friday, where he’s expected to address mounting criticism of Facebo
Watch Mark Zuckerberg deliver a speech on free expression at Georgetown University Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: william feuer
Keywords: news, cnbc, companies, facebooks, mark, expression, financial, georgetown, week, washington, speech, university, free, zuckerberg, trip, expected, deliver, services, watch


Watch Mark Zuckerberg deliver a speech on free expression at Georgetown University

Facebook CEO Mark Zuckerberg is back in Washington, D.C., today for a speech at Georgetown University on free expression. A Q&A will follow the speech.

This is his second trip to D.C. in a month and comes one week before he is expected to testify before the House Financial Services Committee on October 23 regarding Facebook’s impact on the financial services and housing sectors.

Zuckerberg is also slated to appear on Fox News on Friday, where he’s expected to address mounting criticism of Facebook’s policy to allow misleading political ads.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: william feuer
Keywords: news, cnbc, companies, facebooks, mark, expression, financial, georgetown, week, washington, speech, university, free, zuckerberg, trip, expected, deliver, services, watch


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

US diplomat Bill Taylor leaves Ukraine after Democrats ask him to testify in impeachment probe

Charge d’affaires at the U.S. Embassy in Ukraine William Taylor speaks during a press-conference about US-Ukrainian relations, in Kiev, Ukraine, on 27 July 2019. Acting U.S. ambassador to Ukraine Bill Taylor left Kyiv en route to Washington, D.C., NBC News reported Wednesday, two days after House Democratic leaders asked him to testify as part of their impeachment inquiry into President Donald Trump. In a Sept. 9 exchange, Bill Taylor, a senior U.S. diplomat in Ukraine, told Sondland: “I think i


Charge d’affaires at the U.S. Embassy in Ukraine William Taylor speaks during a press-conference about US-Ukrainian relations, in Kiev, Ukraine, on 27 July 2019.
Acting U.S. ambassador to Ukraine Bill Taylor left Kyiv en route to Washington, D.C., NBC News reported Wednesday, two days after House Democratic leaders asked him to testify as part of their impeachment inquiry into President Donald Trump.
In a Sept. 9 exchange, Bill Taylor, a senior U.S. diplomat in Ukraine, told Sondland: “I think i
US diplomat Bill Taylor leaves Ukraine after Democrats ask him to testify in impeachment probe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: kevin breuninger
Keywords: news, cnbc, companies, taylor, democratic, ask, ukraine, washington, leaves, trumps, house, probe, impeachment, democrats, diplomat, president, testify, inquiry, bill


US diplomat Bill Taylor leaves Ukraine after Democrats ask him to testify in impeachment probe

Charge d’affaires at the U.S. Embassy in Ukraine William Taylor speaks during a press-conference about US-Ukrainian relations, in Kiev, Ukraine, on 27 July 2019.

Acting U.S. ambassador to Ukraine Bill Taylor left Kyiv en route to Washington, D.C., NBC News reported Wednesday, two days after House Democratic leaders asked him to testify as part of their impeachment inquiry into President Donald Trump.

House committee chairmen Reps. Adam Schiff, Eliot Engel and Elijah Cummings requested that Taylor appear at the Capitol for a deposition on Oct. 22, according to a letter sent Monday by the Democratic leaders.

Taylor is a key witness for the lawmakers leading the impeachment inquiry into Trump’s desire to have Ukraine “look into” unsubstantiated corruption allegations against former Vice President Joe Biden — Trump’s possible 2020 election opponent — and his son Hunter.

Taylor’s possible cooperation comes after the White House took a defiant stance against the impeachment inquiry, calling the proceedings “baseless, unconstitutional efforts to overturn the democratic process” and vowing not to cooperate.

A lawyer for Taylor told CNBC that he was reaching out to his client for direction on “how much, if anything, he wishes us to say at this point.”

Taylor emerged as a significant figure in the impeachment probe after former U.S. special envoy to Ukraine Kurt Volker provided copies of text messages to Congress as part of his deposition before the House Intelligence, Oversight and Foreign Affairs committees.

Those texts included Taylor’s exchanges with U.S. ambassador to the European Union Gordon Sondland, who was scheduled to testify before the Democratic panels Thursday.

In a Sept. 9 exchange, Bill Taylor, a senior U.S. diplomat in Ukraine, told Sondland: “I think it’s crazy to withhold security assistance for help with a political campaign.”

Sondland responded: “Bill, I believe you are incorrect about President Trump’s intentions. The President has been crystal clear no quid pro quo’s of any kind. The President is trying to evaluate whether Ukraine is truly going to adopt the transparency and reforms that President Zelensky promised during his campaign.”

Click here to read those texts.

Sondland intends to tell Congress that his position in that text message came after a phone call with Trump, who relayed that denial to him directly, according to The Washington Post.


Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: kevin breuninger
Keywords: news, cnbc, companies, taylor, democratic, ask, ukraine, washington, leaves, trumps, house, probe, impeachment, democrats, diplomat, president, testify, inquiry, bill


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Here are the biggest analyst calls of the day: Amazon, T-Mobile, Beyond Meat, Dish & more

T-Mobile US CEO John Legere testifies before a House Committee on Energy and Commerce Subcommittee hearing in Washington, February 13, 2019. Erin Scott | Reuters


T-Mobile US CEO John Legere testifies before a House Committee on Energy and Commerce Subcommittee hearing in Washington, February 13, 2019.
Erin Scott | Reuters
Here are the biggest analyst calls of the day: Amazon, T-Mobile, Beyond Meat, Dish & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: michael bloom
Keywords: news, cnbc, companies, energy, washington, scott, analyst, biggest, house, calls, meat, testifies, day, subcommittee, legere, dish, john, amazon, hearing, tmobile


Here are the biggest analyst calls of the day: Amazon, T-Mobile, Beyond Meat, Dish & more

T-Mobile US CEO John Legere testifies before a House Committee on Energy and Commerce Subcommittee hearing in Washington, February 13, 2019.

Erin Scott | Reuters


Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: michael bloom
Keywords: news, cnbc, companies, energy, washington, scott, analyst, biggest, house, calls, meat, testifies, day, subcommittee, legere, dish, john, amazon, hearing, tmobile


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Treasury yields move lower as investors await economic data, auctions

ET, the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 1.6994%, while the yield on the 30-year Treasury bond was also lower at around 2.1671%. U.S. government debt prices were higher Tuesday morning, as investors awaited economic data and Treasury auctions. The U.S. and China held high-level trade talks in Washington late last week, which ended with President Donald Trump saying both sides had reached a “very substantial phase one deal.” On the data front,


ET, the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 1.6994%, while the yield on the 30-year Treasury bond was also lower at around 2.1671%. U.S. government debt prices were higher Tuesday morning, as investors awaited economic data and Treasury auctions. The U.S. and China held high-level trade talks in Washington late last week, which ended with President Donald Trump saying both sides had reached a “very substantial phase one deal.” On the data front,
Treasury yields move lower as investors await economic data, auctions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: sam meredith
Keywords: news, cnbc, companies, lower, auctions, trump, data, yields, phase, await, saying, investors, talks, treasury, economic, washington, billion, trade


Treasury yields move lower as investors await economic data, auctions

The bond market was closed on Monday, as investors observed the Columbus Day holiday.

At around 02:00 a.m. ET, the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 1.6994%, while the yield on the 30-year Treasury bond was also lower at around 2.1671%.

U.S. government debt prices were higher Tuesday morning, as investors awaited economic data and Treasury auctions.

Market focus is largely attuned to global trade developments, after reports of a partial trade deal between the world’s two largest economies.

The U.S. and China held high-level trade talks in Washington late last week, which ended with President Donald Trump saying both sides had reached a “very substantial phase one deal.”

As part of that agreement, Beijing has said it will address intellectual property rights concerns raised by Washington and buy $40 to $50 billion worth of U.S. agricultural products.

In exchange, the U.S. agreed to delay an October 15 increase in tariffs on Chinese goods.

China has since reportedly said that it wants another round of talks before signing what Trump described as the first phase of an agreement between the two countries.

Bloomberg News first reported the story on Monday, saying Beijing also wanted the U.S. to scrap a tariff hike for December.

On the data front, the Empire State Manufacturing Survey for October will be released at 8:30 a.m. ET.

The U.S. Treasury is set to auction $45 billion in 13-week bills and $42 billion in 26-week bills on Tuesday.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: sam meredith
Keywords: news, cnbc, companies, lower, auctions, trump, data, yields, phase, await, saying, investors, talks, treasury, economic, washington, billion, trade


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post