Three shocking stats

TUE, AUG 06, 2019

YOUR AFTERNOON NEWS UPDATE AND MARKET ACTION FROM CNBC

AS OF TUE, AUG 06, 2019 • 12:10 ET

DJIA		25828.66
		+0.43%	+110.92

S&P 500		2858.59
		+0.49%	+13.85

NASDAQ		7772.30
		+0.60%	+46.26

EDITOR'S NOTE

It's been a long week, and it's only Tuesday! Here's what you need to know:

> The U.S. 10-year yield fell to 1.67% overnight--half of what it was yielding just ten months ago, when it was over 3.2%.

> The 10-year yield on German sovereign debt is hovering around -0.54% right now!!

> The amount of negative-yielding debt globally crossed the $15 trillion mark last night

There are all these scary headlines out there today (Nomura: the next sell-off could be "Lehman-like"...Larry Summers: "the highest risk of recession since 2011"...). But my simple point is, what's going on with global bond yields is itself the scariest thing happening in financial markets!

More at 1 p.m. See you then :-)

Kelly

Kelly Evans

KEY STORIES

Nomura: A second market sell-off could be 'Lehman-like'

Buckle up because the next sell-off could be even more violent, according to Nomura.

Trump economic advisor Larry Kudlow says China's economy 'is crumbling'

Kudlow says the Trump administration holds the upper hand in trade negotiations with China due to the comparative strength of the U.S. economy.

Stocks making the biggest moves premarket: Allergan, Dean Foods, Energizer, Shake Shack & more

These are the stocks posting the largest moves before the bell.

Trump says US in 'strong position' and money 'pouring' in from China as trade war intensifies

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Snap says it's raising $1 billion in convertible debt

The company, which owns the app Snapchat, says it plans to use the debt to fund stock repurchases and acquisitions.

'Not yet over' — stocks have further to fall before the selling subsides, say chart analysts

Experts point out that while the market has dropped sharply, it still has a long way to go before a sustainable bottom can be reached.

Kudlow: Trump is flexible on China tariffs depending on how trade talks go

"We're planning for the Chinese team to come here in September. Things could change with respect to the tariffs," Kudlow tells CNBC.

Sarah Palin's defamation suit against New York Times resurrected by appeals court

The appellate panel said Judge Jed Rakoff of U.S. District Court in Manhattan in 2017 had relied on facts outside of legal filings in the case to dismiss the suit against the Times by Sarah Palin, who was the Republican vice presidential nominee in 2008.

Trump, without evidence, accuses Google of illegally swinging election against him in 2020

President Donald Trump criticized Google on Tuesday morning, insinuating that the tech company may be working against his reelection campaign and saying "we are watching Google very closely."