To get things started off. The dow is down by 17 points but the s p and the nasdaq is there. Nasdaq is indicated up by 47 points this is after a strong month of july for all three of the averages the dow up by 2. 4 for the month. The s p saw its best july by ten years. It was up by 5. 5 . Thats nothing compared to the nasdaq today is the first trade ding d of august. Thats out at 10 00 a. M. Eastern time today also take a look at treasury yields you did see yields under extreme pressure or ten year closing at its lowest level since all the way back to march 9th. Right now it is a little bit higher 0. 546 stimulus talks in congress. Trump administrations officials and House Speaker nancy pelosi are set to resume negotiations today on their competing visions of a bill. The Sticking Point continues to be a boost set at 600 per week in march that lapsed on friday he and Speaker Pelosi are on the same page about the need of direct Cash Payments of 1,200 to most americans. Andrew. And big co
Doesnt hurt that they beat on the top and bottom lines, earnings per share at 86 cents versus 71, but the real big deal here was the settlement with hauwai is this the end of qualcomms Business Model they faced problems with apple refusing to pay them telling them that their suppliers refused to pay qualcomm. I will, some people say i hate to say i told you so no one hates to say that i did tell you so, qualcomm is really good at this legal stuff. They have been fighting the legal battles throughout their career tom brady, Fourth Quarter in the super bowl, you cant count them out. That is why the stock is up catching a lot of people by surprise, julia. That is right, just looking at the opportunities they see in 5g as that continues to roll out and the idea that maybe the regulatory hurdles are behind them they have the ftc case they won that is under appeal, but really notable looking at those two Business Models looking at the sale of the chips and the licensing. Yeah, the pressure t
That. Right i think that the shock value of that is maybe more, lets say, the bark versus the bite i think that theres a belief that we could get a lot a much better picture of what the Health Situation is going to be like in november so its a little premature to be able to say what the president is saying and its certainly contrary to what he was saying about the idea that we do have a vaccine very soon. If we have a vaccine very soon why do we have to delay the election and why does it have to be crooked i think you cant have it both ways you can have the vaccine come out and have a gd election or you must know that the vaccine is not going to come out and you will have what he just tweeted but whatever it sows chaos and chaos is bad for the stock market. We did get some promising vaccine news out of j j as they move to human trials in the u. S. And belgium the earnings which we will talk a lot about this morning are basically shaming the analysts, virtually surpassing the entire ran
Senate. Peter, thank you so much for being with me this weekend. s great to be with you maria what a week of history. It has been incredible. Maria and of course the week ahead looks to be historic as well. Lets talk about what you got done, you and your colleagues got done at the white house. We saw usmca passed the senate, its headed to the president s desk. We are expecting that to be signed into law this week and then the china deal. Lets go through the china trade deal and tell us whats most important. What we have in the china deal when really strong provisions for intellectual property. Really good start on forced technology transfer, and there is a provision on currency manipulation. So those are three of what i have are deferred to his the seven deadly structural sins of china. So its a very good start, over and above that is icing on the cake and a real fiscal stimulus for 2020 economy, we got government purchases from china of about 200 billion worth of goods over and above
Peter, thank you so much for being with me this weekend. s great to be with you maria what a week of history. It has been incredible. Maria and of course the week ahead looks to be historic as well. Lets talk about what you got done, you and your colleagues got done at the white house. We saw usmca passed the senate, its headed to the president s desk. We are expecting that to be signed into law this week and then the china deal. Lets go through the china trade deal and tell us whats most important. What we have in the china deal when really strong provisions for intellectual property. Really good start on forced technology transfer, and there is a provision on currency manipulation. So those are three of what i have are deferred to his the seven deadly structural sins of china. So its a very good start, over and above that is icing on the cake and a real fiscal stimulus for 2020 economy, we got government purchases from china of about 200 billion worth of goods over and above the 2017