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July 16, 2024
U. K. s chief negotiator rejects a proposal to avoid a no deal. Him ask exclusively with he plans to shore up recovery. A lot of things for markets to grapple with. We have concerns about the record cases in the u. S. A number of states, not just texas, pausing on reopening. The initial jobless claims causing some concerns. Could we see layoffs coming through, even with the reopening . We look ahead to Consumer Spending data in the u. S. , and the news flow yesterday and overnight. On the one ha...
July 16, 2024
His response and what that did for markets. You are going to do a data check in the appropriate crowd noise behind the data, but what is important to me is youve still got a bid to the market even within the quiet. Jonathan spare us the crowd noise when i do the market check. Peter navarro saying that the trade agreement was over. The president , his boss, correcting him pretty quickly. Ae socalled fiscal cliff, different kind of fiscal cliff going into july. What will happen with the fiscal sti...
July 16, 2024
Alphabet is up about 11 year to date amazon is up 50 this year you have to wonder if it is the revenue that will be hit particularly hard as travel remains under pressure and they get a good chunk of revenue from that sector. His tweet was on may 1st, the stock closed at 701 that day, were getting new details on the ppe program. Yeah, were waiting the release of loan recipient names. That should be about 13 of the recipients in the program. Here is what we know about ppe after as you mentioned t...
July 16, 2024
York as u. S. Inventories declined. And coffee slumped on its return to trade. Unease there. Lets get you started with a quick check of the markets trading at the moment. We are seeing u. S. Futures opening slightly higher. This of course after the regular session saw the sapp 500 climb to a 10week high. We have optimism over reopening of different economies. Not so much in key retail earnings showing signs of resiliency, so we have those and target reporting sales that top the estimates. The sa...
July 16, 2024
Market. Three year and 10 year bond options coming in superstrong. Watch how that winds up performing. Time now for todays top market moving news from our new york team and washington team. We want to begin with economic the u. K. Economy shrinking on the 6 in march. Predicting what could be its deepest contraction in more than three centuries. Bloombergs Michael Mckee has more. Michael ask not for whom the bell tolls. It is the u. K. This time. Just one week under lockdown was still enough for ...
July 16, 2024
Protests hammer u. S. Cities nationwide for a seventh straight night. President trump threatens to deploy the military to end what he calls the lawlessness in the streets. U. S. Futures slipped as new york goes under curfew for the first time in over 70 years. As we pointing higher said. The u. K. Virus infection rate falling to its lowest since march. And a second wave of stimulus cannot hurt. Angela merkel looks to broker a deal on a stimulus package with 100 billion euros here as the u. K. Ch...
July 16, 2024
Its time for western got worse i was having children fever i didnt have any sense of say source now im in the most you know and the world would you. Recently she was under the orders you to. That was simon is on the ground 0 for research. I have to. Push myself how close are they for me in the 5 days im going to. Go. This is the one business show you cant afford to miss friendship or in washington coming up i could go to the wood to come to get in so many dotty and national you need to come from...
July 16, 2024
Travis colin, im a bookseller here and in charge of the exhibitions club lets get to some quick housekeeping and we can jump right in. Im going to takea quick second to remindeveryone to silence your cell phone. Ndwe are also recording video and audio. So lets just get into it. Also when it comes time for the q a portion, we have a standing mike right here. Again at the aisle, we you speak clearly and you keep your question to aquestion. And then following everything , we have all the books on s...
July 16, 2024
Welcome to the entire committee. Lets check on the markets first this hour. We have run out of steam the dow is marginally to the down side. Down about 31 points in the red. The s p 500 just about even right now. Flat on the day. Level 2798 there the russell 2000 flat as well. As you can see that steam running oult as we rallied so strongly off the lows that we saw just about one month ago lets go to our Investment Committee with the traders here and perhaps well start with you. Youre the one ri...
July 16, 2024
David an awful lot in this bill. 370 billion dollars to replenish the ppp program, 700 50 billion for hospitals, 25 billion for testing. What is not in the bill that you think still needs to be done . Rep. Pelosi first let me say how pleased i am with what is in the bill does weeks ago the secretary of the treasury called me and said he needed a quarter of a trillion dollars in 48 hours. That would mean that by tomorrow two weeks ago the republican leader went to the floor and said it was 250 fo...