There is quite a lot going on in the markets mainly because of the threshold that markets crossed yesterday. Lets have a look at what that means for european stocks and even the global stocks rally pausing. We did have the best monthly gain in three decades. Investors awaiting a lot of Economic Indicators that could support the. Rally in risk assets. We have Consumer Confidence and of course personal income. We did have a gauge of asia pacific shares gaining. Above 45 alding barrel, and i also wanted to show you bitcoin and a second, because they were also, you know, within a sliver of a record high for bitcoin. At 19,130. It now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. France will gradually start using its lockdown from sunday. Museums will follow suit from december 15, but restaurants will remain closed. President Emmanuel Macron says vaccinations could start at the end of december or in early january. M
Portfolios. And nba players boycotting basketball games following the Police Shooting of an unarmed black man in wisconsin. Were going to get the thoughts of one of the black speakers at the Republican National convention. Mark meadows and nancy pelosi scheduled to speak at 2 30 does any of this job news wake up congress . Ill ask senator Marsha Blackburn. Weve got a big show for you on making money. Charles its been a day of significant news that keeps really a positive tone to the overall market. First off, Federal Reserve chairman Jerome Powell announced significant changes to policy approach in part to really the goal he says is to truly create maximum employment that would help all americans. Meanwhile, abbott labs receiving approval for a 5 covid19 test which further underscores we are getting closer to containing the virus. Its no coincidence the dramatic incline in cases coincides with the dramatic rally. The conundrum for investors is whether to chase the winners or buy the la
New york faang index. Of 4. 8 , surging. Amazon is above 3000 for the first time ever. Last week on the better Economic Data continuing into this week. David it is good news and i will take good news, but we are all worried about what you just talked about. Last time the shanghai went up this far this fast, it did not end well. Are we worried about amazon being that far over the 200 Day Moving Average . Abigail terrific point. The last time the shanghai putting a move of this degree, it went longer and further than anybody expected but ended in a 50 crash. Whether or not that happened in the shanghai composite or when it is probably the bigger question. When it gets this frothy, it is difficult to tell. Relative to amazon the stock is the march lows. Unbelievably overextended. This is nerveracking from the standpoint while you have the ultimate stayathome stock doing so well while the recovery sector of energy and financials are in bear markets, it creates the tension. It tells you tha
Each member other than the majority and minority leaders and the majority whip shall be limited to five minutes. The chair recognizes the gentlewoman from North Carolina, ms. Foxx, for five minutes. Ms. Foxx thank you, mr. Speaker. Mr. Speaker, i offer my deepest condolences to reverend Billy Grahams children and grandchildren on this very sad occasion. Reverend billy graham will be remembered by millions of people for millions of reasons, which is a testament to the people he inspired. When i consider reverend grahams life and all of his many accomplishments, i think of his Humble Beginnings and his dedication to bringing people to christ. Reverend graham, North Carolinas favorite son, began as a farmers son and was not born with the steadfast faith that we later observed. It was a faith he chose and that he dedicated himself to all of his life. Later he would be called americas pastor as he counseled president s and the poor alike. What is remarkable is how reverend graham heard the
Thenst a prior reading from last reading of three point 75 . 11 of 25 analysts surveyed by bloomberg expected this would so this isto 4 , surpassing that. Lets see whats happening in terms of markets in the u. S. Now. , generally across the board we are in green. Three days in a row of green after two days of fallsb postrexit, locking in 1 or more for the s p 500 and the dow. We are inching closer and closer to recouping most, if not all the losses we saw postbrexit. The nasdaq is still the farthest from that. Look at whats been happening today intraday on the s p. Notrally speaking, a rise, really looking back at the start of the trading day, up about 20 points or so, 21. 5 points, up about one point 1 . I want to show you the imap function for the s p with the 10 sectors. A very broad rally. Yesterday, energies and commodities led. Today, not so much the case. Energy still 0. 6 higher, but in Consumer Staples at 2 and industrials not far behind, 1. 6 . Staples are leading because the