we will discuss the racial tension sweeping the states and how president and vice president biden are addressing them, and then later with a former new york state democratic party director. kevin mentioned how investors are trying to figure out what this means for the market. it is a mixed picture in the u.s.. the dow leading the decline. let s get a market check. joining us is bloomberg scarlet fu. what are you seeing? scarlet: the dow is the laggard. this is after it was reshuffled to account for apple stock split spirit apple waiting goes down, salesforce added to make up for lack of tech representation. walmart is the worst performer on the dow. would block a possible sale of tiktok. u.s. stocks finishing august with a bit of a whimper. tech in the lead even with microsoft losing ground. miller had said this could trigger a sell the news event. it is not happening right now but perhaps down the road. today s mixed picture follows a blockbuster month and summer for equitie
really came after the inflation numbers. a little bit of a mixed risk picture. u.k. equitiesthe in the bond market are closed for the holiday. contracted 12.8% in the second quarter. that is one of the numbers that we got out of europe. joining me now is par a garvey para garvey. what is happening in the bond market? is it covid? is the inflation number? what stood out? the bond market is all over the place. what we are getting now is a sawinued echo of what we last week. we have the bond market with an attempt to price in the inflation theme. one of the biggest arguments theme. the reflation inflation butwant we know that the boj and the ecb have been falling all over themselves to manufacture inflation and haven t. the whole replacement story is that we have a massive output gap. are exceptionally weak. that is the big conundrum. do you pric ein inflation and reflation against a back trap backdrop where you know there isn t any inflation? alix: selling off yields in the
Thatwould be julie would be one of the many superlatives we have had. The s p 500 earlier touched 2600 and it is nearly at that level. What is curious and interesting is that once again, these gains are coming on no particular catalyst. We have a holiday shortened trading week. We have got this big surge in stocks, technology in particular doing well. This is evidenced by the upsurge in the nasdaq. We also have some earnings reports to chew on. We have got two food related earnings, going in decidedly opposite directions. Hormel foods out with sales that beat analyst estimates, but on the flipside is campbell soup, a decline of more than 7 , the most in a single day in nine years. A cut their annual profit forecast. It is hurt by an ongoing dispute with walmart. Basically, walmart is saying it has been cutting its inventory of campbells. That is taking a toll on the company. I mentioned Technology Shares doing well today. We have some analysts and other types of commentary. Marvell Tec
With breakingt news that cost the terminal, President Trump spoke via telephone with the Vladimir Putin, what is the latest . Oliver Vladimir Putin just met with the president of syria, so that is what he has on his mind when he wanted to talk about. They wanted to talk about how to get a diplomatic solution to the ongoing war in syria with mass casualties. Obviously, president putin is in line with the president of syria. President trump fired missiles into syria as he does not like what theyre doing, but they are hoping their relationship can read to some kind of diplomatic option. They also talked about ukraine, iran and afghanistan, according to the white house, but that is the top topic they were focused on. Andry president putin President Trump in the sidelines of that summit in vienna. Lets turn to that at t and time warner deal. It is pretty rare when it does not involve direct competitors, why are we seeing this now . If you ask critics, they will tell you they believe that in
The fed is putting rates up. Last time i checked they are still doing so. I think what has caused people to stop and take note is the speed with which it flattened. You have lots of Central Banks around the world, even if the u. S. Is going back. The bank of japan expanding a program. Ecb is very involved. You are not seeing Global Central Bank purchasing winding down. Theetween 50 and 0 is flashing sign. Things are starting to get a lot more challenging. Above 50 you can kind of explain it away. Equities are doing well, credits are doing well. The economy in general in the u. S. And globally is doing well, i think they will be some willingness to look past the flatness of the curve. Jonathan joining the is lisa , andowicz, rob waldner joining us in a moment is alan higgins from london. I want to begin with lisa. Look at the chart we have been talking about from some weeks. Pick your place on the curve. 60 basis points. How much signal is in that . Lisa a lot of people will say this ti