Positive s p 500 boated just barely up for 4 . The dow is still negative. In terms of the euro, we set a fourmonth high right now. Going up getting 5 . Lets get straight to that european leaders meeting. The e. U. Moves closer to a deal. Looks like some of the applicos are being taken away. Paul, looks like some members are getting on board. Some countries are being less opposed to helping their brother run downtown. How likely is it that they will get the package . Paul i think we will get the aid package. What we are really doing now is the details this is what is taking so long but i think the principle of an aid packages there. The aid package itself is not that significant. It is not a huge amount of money. What is important i think is the sense of commonality. The fact you are getting grants being distributed according to need. Andaccording to politics some limited degree of fiscal integration has come to your finally. Vonnie will bid provide a blueprint for more or will this wil
New stimulus package out of d. C. More progress on the big vaccine front. That is putting the competitor moderna on the become burner for today. Shares of wayfair are up 950 from march low well tell you the other radar e commerce player investors are diving into. Power lunch starts right now kelly. Thank you. Its not the typical rally we have seen but the s p is still on track for its best july since 2013 lets get over to bob for more on whats moving now bob. Last week we had cyclicals and value stocks really doing well at the expense mostly of tech like amazon down 8 not happening, not today bottom line here is apple, visa microsoft really helping the dow. Exxon, chevron not helping we have been trying to get over ta june 8th high thats the height of opening, reopening hopes. 32 or so were over that. We close over that youll hear the technician squawking about this one this means were positive for the year as well megacaps leading the way this crazy bullishness, amazon is up 70 of the
Wave. S fears of a second the u. S. Seeing 16,000 cases a day. Hong kong in the third wave right now. All youll futures elevated. You are seeing a risk off move today. Focus on the chinese story. We are seeing a down day even when it comes to chinese stocks. We will see how this plays out. Lower by 6 10 of 1 for the shanghai composite. Asia had their best Weekly Performance in five years. The csi 300 large caps, ada percent of the index has been overbought. Thats the highest on record. We are seeing profittaking here today. Shenzhen, more of that robustness. The most overbought on record. That is still going higher by 1 today. It seems like the bond market is at mercy with this rally as well. Bonds at 306 right now. Yields falling. Bnp paribas saying that 10 year yield could rise to 3. 4 . We are watching other markets as well. Hong kong is a focus today. We saw a Record Number of local virus cases, the most since the pandemic began. They tightened distancing rose again. 150 points low
Have mccabe, you have strzok, you have his lover lisa page, you have all of these people running around. You have brennan and clapper who lied to congress. You have many many people, you have people that changed documents going into the fisa courts, and its a terrible thing and this is an investigation that they said should have ended before it started. It shouldnt have started and if it did, it should have ended immediately because they found as you know as well as i do, they found nothing initially but it went on for two years or longer. And im getting rave reviews for what i did for roger stone and he frankly is going to go and now appeal his case. He had a jury forewoman who hated roger stone and who hated probably me but she went on a false pretense and he wasnt given a fair trial, he wasnt its not a fair trial, he wasnt given another trial. He should have been given another trial. I wont say more. I wont talk about the judge. Im not going why would i ever talk about a judge. But
U. S. The global focus. Ines surged cases surged california and texas. Walmart demands customers wear masks. Knowing green. New south wales has a new plan for renewable power, energy and the environment. Quick check of the markets, u. S. Futures opening flat. This after u. S. Stocks climbed to a fiveweek high in the regular session. We have 10 of 11 s p 500 sectors closing up. He had vaccine developments bringing this rush of optimism to financial markets. This, despite escalating tensions between china and the u. S. Moderna and astrazeneca are rising on the optimism. More positive ecodata, u. S. Industrial output rebounding in june. Pickup in Economic Activity. Take a look at what oil is doing. Under a little pressure, headed towards the 40 per barrel level. This after jumping to a four month high. We had strong ecodata and we have President Trump indicating he doesnt want to add more sanctions against chinese officials for now, not to mention a report on a drop on u. S. Crude stockpi