Off last weekends trade talks with beijing as the u. S. State Department Asks colleges and universities to divest from chinese stocks. Tinsley merkel rules out loosening of virus measures. Europes biggest economy recorded the biggest increasing cases and newly four months. It has just gone 6 00 in london. 7 00 in frankfurt. 9 00 in the difc. Warm welcome to the show. Good morning to you. , i love the bank of america report. It looks as if the birds have capitulated. Positionede who have from bear market rally, that was from 47 last month down to 35 . Good morning. Annmarie good morning. Or a bear market rally . Some people are thinking this has legs. This s p 500 fresh record, they finally got there. So much emphasis has been on the retail investors. One investor said, its like 1999. People just left their jobs to go to a trade a trade. 1999, i was in bonds and commodities. I was not dancing to baby one more time. Have a look at your markets. I will not sing it. Good morning. Annmarie
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 rates because the Interest Rate in turkey is well below inflation, and that kind of makes turkey stand out on a number of measures. They are also spending fx reserves to try and prop up that lira. We were talking about a turkish crisis back in 2018. The lira is weaker now than it was then. We will talk more about emerging markets later in the program. Lira has been stronger the last one he for hours. It weakens demonstrably off of this leaving of rates. Right now, i can do the data check right
Debates backtoschool, voters are not allowed to see or hear him say those words. Almost immune. We have a lot more on this, believe me. Lets get straight to your money. An economic indicator, here it is, 1. 19 million new jobless claims. That is the lowest number since the economy tanked. It is very good news for the recovery. The trend in new claims is flat out down. The dow industrials taking a little heart from that. We were lower, now were going to be up maybe 30 odd points. Not much of a gain. Theres a lot of green on the lefthand side of the screen. The market story is the march to new highs. The techheavy nasdaq already hit several records this week. The dow is at the 27,000 level. Thats up 8,000 points in four months. Theres a lot of very positive news in the background. Positive vaccine news. That helped. Dr. Fauci says well have tens of millions of doses of the vaccine available early next year. Heres another plus. If congress doesnt come up with a virus relief package, the p
Demonstration. President trump is scheduled to between atlanta and macon, visit kenosha, wisconsin, on tuesday after the police netting 39 children saved or shooting of jacob blake. Identified, and nine perps welcome, everyone, tough news behind bars on serious charges, day today as we hear of these Police Shootings, these including sex trafficking of a child. Just let that soak in just a policemen and women putting that uniform on every day and getting out there to save peoples lives moment. Then we have operation safety and potentially falling in net in cleveland, there children harms way in a really serious as in georgia as young as 13 manner right now. President trump is headed to kenosha, as we said, on tuesday, years old. One found all the way in miami. And that is important because the rnc focused pretty heavily i hope youre sitting down on the violence that has erupted because just last year, 421,000 in these cities, so important to make a presence there. One of the things that
Here we go. We know it is your favorite time of the evening because look who is on your screen. Its don lemon and christopher cuomo. Welcome to our special coverage of the final night of the dnc. Joe bidens really, his biggest night of his halfcenturylong political career. Decades after his first attempt at the presidency, he came ready, chris. He absolutely did. And this is a very stark contrast. A stark choice for americans. It is a tale of two visions of what this country is about. One is about anger. Anger at change. A desire to bring us back to someplace, when the carnage will end. Thats trumps image of this country. Joe biden gave you something very different tonight. He said, and i quote, i will draw on the best of us, not the worst of us. I will be an ally of the light, not the darkness. A and, united, we will overcome this season of darkness. A very, very different vision of what this country could be about. Certainly, nothing like american carnage, don. Yeah. You know, my fav