Are buying oracle, modest selling, investors are buying oracle, modest selling and microsoft, i got that right. They are buying nvidia which is paying 40 billion to softbank for the arm holding, heres what we know it helps nvidia become a major player in advanced computing from the cloud and nvidia ceo the stock is up 31 a share, as per the election campaign, the contrast, the president took his message directly to Live Audience in western states and invited up a crowd in nevada, joe biden stayed home. After the ambush of two Police Officers in l. A. Biden issued a tweet condemning violence, trump called for the Death Penalty football, tom brady lost but football is back and despite the absence of crowd, the gate on time played well on tvp fight shots of the game piped in crowd noise, it worked for me, social justice activism was hardly apparent during the game itself but Colin Kaepernick did have something to say. You will find out what he had to say. We have a new shopping holiday, t
Singapore and malaysia as well. The Peter Navarro episode, if it is any indication how sensitive markets are to the slightest hint of bad news, that tells you the story of volatility in store for markets in the second half of the year. A quick check on the risk radar. Aussie yen coming off a little bit, that tells you where we are in terms of Risk Appetite. We were closing in on 79 a few weeks ago. Brent crude, some upside. Lets get you up to speed with other top stories we are watching. It lawmakers in washington have approved a bill to penalize banks doing business with china over beijings National Security legislation for hong kong. The bipartisan measure in the senate has support in the house of representatives and needs to pass before reaching president trump. It condemns china for breaking obligations under the deal that return hong kong to mainland rule. The coronavirus has hit local trade hard with lockdowns increasing by 12 . The hike of that pandemic in april, new research th
Generalize to the american population. We asked questions about the sources people use, how reliable they think they are, how they think the liability of news has changed over time. The liabilitys changed over time. We tried to look at the intersection between consumption and reliability. We found one third of people report the sources they use that they rely primarily on are less reliable than other sources. That is interesting because it adjusts they recognize the sources they are using are not that reliable, yet they continue to use them instead of other sources they see be more reliable. So that was very interesting and a puzzling finding that came out. Host defined for us what we mean by reliable. Does it mean they believe the information they are consuming is not correct or they think it is correct but biased . What do we mean . Reliable could include either of those things. The idea is that they trust that information to be credible, accurate, balanced all of those things are in
Beat us at the ballot. Theyre not going to win the president ial we have great polls, great internal polls, ohio, iowa, pennsylvanias looking north carolina. We just won two races that a lot of people thought we were going to lose both those races. One was down 17 points three weeks before the race and he won by a substantial margin, by a substantial margin, dan bishop, and he was up 1 or 2 points and he ended up by what was it, 25 points or some incredible. I will ask you folks because i dont want to be inaccurate otherwise i will have a front page story. We have breaking news, trump exaggerated but he won by many many points. He was leading by maybe two, maybe three, but he won in the 20s. So its been so were looking great in north carolina. Were looking great in florida. You had one or two congressmen, democrats listen say we cant beat him at election, so lets impeach him; right . Didnt you hear al green, hes a real beauty, that guy, but he said very distinctively, it was all over t
Energy, you name it, and it happenedn a relatively quiet day that saw the bond market continue to flash a recession signal, an unusual phenomenon we have been telli youbout. Today investors brushed it off so here are the closingth numbe. Dow jones industrial average added 258 points to close back above 26,000. The nasdaq gaine 29 and the s p 500 was up 1. But what will it take for the bullo stay in charge . Bob pisani put together a checklist. Reporter bulls cant wait to get out of august. Theyre hopeful for more stanl Global Economic data, more help from central bank easing, most importantly no radical downward revisions for the earnings estimates in third a fourth quarter. Earnings are the key, and so far other than notable downward revision in energy and materiars, flattish for the s p 500 remains the buzz word for 2019. Thats good enough for the market. But the bears have plenty of. Ammuniti trade wars are hurting growth and those earnings, and now lower yields have emerged as the