Page 6 - Data Check News Today

Message because it will have an application on markets. Tom not a usual summer friday, folks. The news flow is absolutely extraordinary. We are going to get ourselves around what we are going to be doing with the democrats now moving to the republicans and the president , the usual convention cadence of august in an election year. But that is not the headline item today. The headline item is 13 consecutive hours in our thon. Llance francine will be with us through the morning and through our sim...

Each year. We are thrilled francine could join us on the simulcast because we actually got lucky with what has happened with the scheduling. In france, with some shockingly weak Economic Data. Francine this is pmi. What a delight to be spending four or five hours together. I think they are trying to see who breaks first. My money, i dont know if it is on me are you, actually. We will see after the second hour of the simulcast. France coming out with pmis that were pretty terrible, and that has t...

Anna absolutely. Trade commissioner phil hogan forced to resign because he attended a golf event which had normal times would not be that controversial, but these are not normal times. It is being investigated as to whether it broke the covid rules in ireland. As a result, he was under pressure and had to defend himself. Commissionropean needs to find a new person to fill that very busy trade brief. But this sets a very interesting precedent. Will we see other commissioners held to that . Tom le...

Tuscany. Off, somewhere outside toledo. So Francine Lacqua joins us. That is not toledo, spain. Outside toledo, ohio somewhere. I want to get to the data in a moment, with markets moving. Futures 21. I would say this has really this is really jump circuit by the french pmi numbers. Why was this a surprise . Francine i was reading the breakdown. The sharp slowdown is basically driven by services. It shows that the escape from recession wont be flailing like some economists thought. Guess it is pa...

Around 9 10, a speech by chairman powell. Much at the center of a storm in many ways. Fiscal stimulus seems to be off the table as the political backandforth of the rnc and dnc take focus. Really interested to hear what he says about inflation is real yields dropped near alltime lows yet again. Tom the real yields dropping is increasing inflation expectations. I looked this morning at great britain, at the united states, europe, and switzerland, and the rate of change of the inflation expectatio...

Especial good morning on sirius xm channel 119, and the path of hurricane laura. That will be a long pass of rain over the next number of days. It is a natural disaster, and every expert says, not that it will affect national gdp, but nevertheless a profound storm. Lisa it really raises the question of what resources the United States has to do with a storm of this magnitude, the biggest storm hitting the u. S. In records going back to the 1800s. How much we have to combat this at a time of such...

Superb compared to america, and frankly, many other countries. Can you feel that in the nation . Is the nation aware of the success of that . Feels very different, i have to say, tom. Bringing them down is one thing, allowing them to spike up in the first place is another. And a lot of criticism around the govern how it handled the initial stages of the outbreak, and in particular the care for the elderly, allowing it to take off the way it did in care homes. Tom it is interesting to see and we ...

That you are really good at portage is, so we are going to do a lot of canoeing. Back then, it used to be birchbark canoes. Of course, lisa was totally wired up in the adirondacks. Did you have anything at all . Lisa no communication, no internet. I am glad to be back, though. A pretty active late august, all things considered. Tom it is, lisa, without question, the most odd august since 1998. Mr. Ferro is still off. It has now gone from vacation to sabbatical for jon ferro. Lisa and i will get ...

Tom up mount marcy, down mount marcy, across saranac lake. Unbelievable. Jon ferro still on sabbatical. People say, why are you here . To be honest, its because i was moving. Theres a lot of that going on. While you were gone, we got some housing data. One of the things we got out there is a booming Housing Market with the haves. Lisa people who can buy houses will, although people who can be at work and avoid being tormented for being off for one week may do so. Maybe jon will prolong his vacat...

Steve engle at Standard Chartered with a blistering note about the fed minutes being reinterpreted. Weve got some breaking news. I dont know if you see it there i home in london, but this is critical. Alone,leaves the rate and we get turkish weakness of that headline. Mr. Erdogan simply doesnt want to raise rates, does he . Anna absolutely. They are leaving their oneweek repo rate. The big picture here is that many economists saw this coming, but also thought the Turkish Central Bank should hike...