Gary Shilling News Today

Extraordinary august. We had such important conversations. Lets get to the data quickly. And3, dow futures up 132, we are all casual. Chairman powell was casual yesterday. Im sure mr. Kaplan will be casual for Michael Mckee in a moment. Thein the time of within tumult, everyone is being casual. Lisa are we going to keep the bowtie . This is going to be the question as the fed shifts their inflation their inflation policy. Lisa this is an important conversation, as he spoke to James Bullard yeste...

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...

Technology back to the 19th century, yesterday was a bellwether announcement. Applean the idea that made 26 billion worth of iphones and a shutdown is unbelievable. Tom that is a granularity job lisa job. Something on instagram, researches it on google, and buys the iphone. Jonathan you are describing yourself and projecting onto lisa what you are doing. Lisa [laughter] jonathan it will be about the nasdaq and big tech. Rumor, and it is not just us, it is our kids at home. We are trying to give ...

Kaplanter kaplan dr. Joining us on the fed, the economics, and how it folds into policy. Joins us, james acey from aberdeen standard. We love having him on for a more holistic view of what is going on. How alone is technology here in its ascent . James i think it looks incredibly alone. If you look at the u. S. Equity market without scratching beneath the surface, the messages that youve had an amazing recovery. The equity market is not just priced return to normality, but it has gone beyond. Wh...

Yes, a fed meeting at 2 00. None of it matters. What matters is the drama, the guys fromof four Silicon Valley lined up in front of congress. And oh yeah, the stimulus. What has your attention . Jonathan funnily enough, the Federal Reserve, but only because somebody people are playing it down. A lot of people have shaken their head. What was the last three months about . We are about to see a shift away from the accommodation we have seen towards much more Forward Guidance, and the commitment, t...

First time in years. And the fed the ecb cuts funding costs. Boris johnson pledges a lockdown exit plan. Welcome to daybreak era. As we head into may, how about these markets . 1987. St month since u. S. Equities. U. S. Jobless claims yesterday, the you want to focus on the unemployed or the fact that the claims have been decelerating for four weeks. We saw a red on the screen yesterday. More than 1 . Own a lot of markets closed. In asia, japan is open. Read on the screen for japan. Many are clo...

Dollaryen pushing a bit higher. You are also looking at the 10 year going no real place, and oil trying to stabilize as earnings continue to rollout. Honeywell the latest, suspending their fullyear guidance. Time for todays market moving news from new york and washington. Lets start with earnings. We are about halfway through the seasons. Oil giant chevron out this morning, cutting capex for the second time at about five weeks, warning profits will suffer. Bloombergs Annmarie Hordern has more. A...

American economy to a halt, suddenly. There may have been a shock that precipitated it. It still unfolded over an extended period of time where you could see it coming. This happened all at once. You have this huge shock to the system. That has led congress to say that we need to do something of a skill we have not done before. Now, the democrats in congress and republicans in congress and white house are all negotiating. Ofy want to do the same set things. There is an argument about the detail ...

Worldwide, the confirmed cases at 260,000. That is our starting point on this sunday morning. The ap has this headline, the week america changed. How has your life changed over the last week to 10 days and what you expect moving forward . Numbers,the phone 202 7488000 in the eastern and pacific time zones. Central and mountain, 202 7488001. Medical professionals, you can call in on 202 7488002. Send us a tweet or send us a text message at 202 7488002 at 202 7488003. Be sure to tell us your first...

You have this huge shock to the system. That has led congress to say that we need to do something of a skill we have not done before. Now, the democrats in congress and republicans in congress and white house are all negotiating. Ofy want to do the same set things. There is an argument about the detail and the scale. For instance, the administration came out with a proposal that would, among other things, would give checks to every family. They wanted to do it with 1200 for each adult and 500 fo...