SQUAWK BOX, THURSDAY 15TH AUGUST, 2019

15/08/2019 24 min
SQUAWK BOX, THURSDAY 15TH AUGUST, 2019

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Episode Synopsis


The Dow suffers its worst day of the year, plunging 800 point in its fourth worst point drop in history. Investors are spooked after the US 2-10 yield curve inverts, sparking concerns a recession is on the way. President Trump takes aim at Jerome Powell, slamming the Fed for growing fears of a US slowdown, while the 30-year treasury yield falls to a new record low. Furthermore, the US President links protests in Hong Kong with the China trade tensions, and suggests a personal meeting with President Xi Jinping over the political crisis. In Asia, stock join the global sell-off. Recession fears also roil Asian bond markets, with the yield on Japan’s 10-year JGB falling to its lowest level in 3 years.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.