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July 16, 2024
Will talk about this later on, but seems like europe is edging one step closer to that 1. 8 trillion euro recovery fund, which would be huge, particularly as the u. S. Cant get it on stimulus. So huge that the euro barely budgets. [laughter] alix it could be worse. Guy it is big news, but i think there was belief in the market that this is a done deal, and europe will ultimately come to the right conclusion and make the stimulus happen, 1. 8 trillion euros. So i think the market had already pric...
July 16, 2024
It is a decided direction and big tech. The lagging sectors are energy as Oil Prices Fell 2 , and health care. A picture of an economy that has largely stabilized but is also at risk of stalling out, especially if there is a second wave of the virus. No vaccine and no stimulus forthcoming. Jobless claims moving in the wrong direction and new home sales rising more than expected as americans continue to hunker down. The vix inching higher. It did get to 29. Treasuries are moving higher. That mean...
July 16, 2024
Interest rates. They understand the lower bound increases the Downside Risk to employment and inflation. We are prepared to use all of the tools to support the economy. What other tools are they thinking of . Jared there is a discussion, even today, about asset purchases and fed activity in the market. A lot of the facilities introduced this year have not actually been used all that much. Maybe that is because all that is necessary is the signal they are available, or the fact the rates they hav...
July 16, 2024
Hong kong Police Arrest a media tycoon and prominent activist jimmy lai after the u. S. Penalizes the citys chief executive carrie lam. 15 ,s in next digital get dip 50 only to reverse losses. The inflation debate. Investors look ahead to u. S. Ppi and cpi as global debt with subzero yields top 16 trillion. A ton of negative that out there. Bob prince tells bloomberg a pickup in inflation would be mind blowing. Frome under an hour away the start of cash equity trading in europe. Lets take a look...
July 16, 2024
Bill gates says the nations testing has mind blowing problems. A mediag Police Arrest tycoon and prodemocracy activist reportedly on allegations of foreign collusion. Nexts in his Media Group Digital slumped. Gone 6 00has just a. M. In london. Good to see you this morning. Names a ceo and president from november. He had previously served as the chief operating officer. He will take over on november 2 he did his first interview, fiveandahalf years, go to your bloomberg 6 returnelivered relative t...
July 16, 2024
And yet, it knows exactly how we see each other and how we treat each other. Clear, there is no vaccine for racism. Work forot to do the george floyd, for breonna taylor, for the lives of too many others to name, for our children, and for all of us. We have got to do the work to fulfill that promise of equal justice under law. Because heres the thing none of us are free until all of us are free. So we are at an inflection point. The constant chaos leaves us adrift. The incompetence makes us feel...
July 16, 2024
The chicago fed president australia heads into earnings season amid the worst recession in decades and a pandemic crippling the economy promises to be one of the most challenging periods on record. Shery u. S. Futures opening flat. This after they finish mixed on the friday session. We had u. S. Stocks falling with the s p 500 flat after five sessions of gains. We have escalating u. S. China tensions. Some positive data. We have the dollar inventing after u. S. July job dated beat estimates. The...
July 16, 2024
Charles evan calls for credibly important government stimulus. Australia heads into Earnings Seasons amid the first recession in decades and a virus pandemic that is crippling the economy. It promises to be one of the most challenging periods on record. Here is how markets are trading. We are seeing u. S. Fewer sugars u. S. Futures under pressure. We had ask leading u. S. China tensions fan yelling fanning the data. The bloomberg dollar index flat at the moment. This after a fifth consecutive we...
July 16, 2024
The virus is the shadow over all of this, as it continues to pick up the pace in the united states, and we are starting to see the number of cases picking up in europe. We are going to talk about that virus story a little later on, with a great guest lined up. Getting more insight on the pandemic and why cases are starting to climb again in europe. Cleghorn is going to join us and give us some insight as to what is happening here. We have seen this big move in gold and we are watching closely wh...
July 16, 2024
The house select cubs subcommittee on the Coronavirus Crisis resistant to hear from former Federal Reserve chairs about economic inequity during the pandemic. Live coverage here on cspan2. George w. Bush in 2006 and oversaw the Federal Reserve is response to the Global Financial crisis. Before his tenure as fed chicken dr. Bernanke served as the chair of president council, bush is council of economic advisers. Dr. Yellen served as vice chair of the Federal Reserve until 2010, 2013 before being a...