We have that manying up. The number of americans seeking unemployment aid popped last week. Add to that expiration of emergency programs, increased lockdowns. One has to wonder will Congress Step up . Or will this be a Blue Christmas for Many Americans . I will ask tennessee congressman mark green. President trump fights for reelection and targeting vote if iification in a number of states. Well get that from the trump campaigns erin perrine any. All that and more on making money. Charles the market seesawing back and forth in a narrow range. This is normal consolidation after of a recent weeks. Lockdowns impacted market only when it hit wall streets backyard did we see noticeable selling. The market understands it will take some time to reach socalled herd immunity which near term the economy could get rocky. The market understands there will be huge Central Bank Accommodation and maybe fiscal health. There are huge winners every day in the stock market. That is what investors are lea
That investors will look at. We can change the board and have a look at whats happening in the fx raise. Index,omberg dollar marginal gains up over three days by about 7 10 of 8 . Turnarounde seeing a in the u. S. Dollar, but some of that will be contingent on the stimulus taking place in washington. We had a fix of 6. 9 and that is where it currently is. 6. 98 for your offshore currency. In terms of the aussie dollar, that is flat. The aussie decision is out today and expected to stay on hold. 117. Uro is at milan terms of commodity in terms of gold prices. Still has a forecast of potentially 3000 for spot gold, currently at 1975. Thats what your copper futures are doing. Nymex is down 6 10 of 1 . They have more oil onto the market with demand amid the virus being a question. There is your yield on the 10 year,. 56. Its get the first word news with Karina Mitchell in new york. The and added states remains the focus of the coronavirus pandemic, with several area starting to see faint i
Chinese stocks turning higher after a phase i trade deal to calm and solid industrial and retail data. Consequences. Be china threatening retaliation and germany bands hallway hallway. Calm carmakers could be caught in the crossfire. Prime minister Boris Johnson prepares to name his new cabinet. Sterling strength continues as investors stay positive on brexit. Under an hour away from the start of cash equity trading. Taking a look at what futures look like, all green across the board. Ftse futures still gaining solidly. It looks like it could be a risk on day. Absolutely. A slightly sluggish picture coming through, a lot of questions hanging over the trade story. To what extent are we going to see the rollbacks . Questions and after that, the mixed picture on chinese data. Retail sales better than expected. Mind andof that in with some of the euphoria that see the msci pacific fairly flat. A couple of red headlines closing the bloomberg. Inrth Quarter Sales coming just below the 62 bil
The market dealing with a fed induced whiplash today we are well off the session highs but in the green for the s p 500 swelz the nasdaq, the dow. The nasdaq though in negative territory down by. 2 check out the etf that tracks the Home Builders down today, but it is up 5 in just the past week well tell you which names are driving that move. Well the hawks are out in jackson hole, wyoming. Fed officials not saying what the market wants to hear today Steve Liesman is there talking to all the xwbig names. It was really harp rer that sort of sparked that turn around in the market he wants to stay neutral. More on that in a second, but i want to show you the gyrations in the outlook for the Federal Reserve through the fed funds futures market still a 99 of a rate cut. 66 for october december cut seems to be on the b table. Whether or not the 75day point for the rest of the year or just 50 another Interesting Development in september, a 1. 3 chance that the fed remains on hold. It was a 40
At a joint News Conference alongside european commissioner president Jeanclaude Juncker as, hemanian president han brought up the issue of brexit. The withdrawal of agreement open for be renegotiation. We look forward to working together with the next u. K. Prime minister. We want to avoid the dissolving of brexit and establish a future relationship and stay as close as possible with the u. K. Europe relations [inaudible] mark comments came after European Union leaders held a twoday summit in which they failed to reach a deal on candidates for the blocks top jobs. Vice president and has postponed his speech planned for monday criticizing chinas human rights record. The Vice President says he and President Trump decided the speech should be delivered after mr. Trump and chinese president xi discuss trade on the sidelines of next weeks g20 meeting in japan. President trump has repeatedly threatened additional trade tariffs if xi refuses to talk with him. Uns labor agency adopted its firs