Green on wednesday the central bank reiterated it would keep rates steady at least in the near term Consumer Staples and gold miners also lead those gains lets head over to europe in the americas starting in london where the footsie is up for the week well and gas prices hope those gains the index saw some losses though on friday data out of the u. K. Showed that g. D. P. In august grew 2 point one percent which was less than expected the german dax also in the green now german exports rose for the 4th consecutive month by 2. 4 percent in august after a 4. 7 percent rise in july french also in the green closely monitoring about u. S. Stimulus in brazil the evo best buy also seeing another green arrow the main b 3 stocks climbed 2. 21 percent but robust stocks led those gains in line with crude oil which also rose about 6 percent now heading over to mexico the b. M. V. Also up on the week it reached highs that it hasnt seen since june or Oil Prices Also contributing to those gains on ou
Reportedly uncovering Quality Control concerns at eli lilly plant set to manufacture its covid antibody treatment and apple debuts the new 5g phone line speedier devices, also coming with an even heftier price tag carl, back over to you. All right jim, on the banks this morning, conversation once again about loss provisions. Also about bond trading at goldman. I dont think it is just bond trading. I think goldman did a remarkable job taking some share, which i say remarkable because imagine youre at home, zooming and taking sharefrom others. I do believe that goldmans back to its old ways which is that it is a dry cleaner it doesnt have any risk remember, dry cleaner, what do we do with the dry cleaner give them our clothes and pick them up and they make money. That has been the goldman way until a couple of years where i think it got wayward where it became much more about, hey, lets invest in this, invest in that, no, to me, what theyre investing in, that i really like, theyre invest
Soared 12. 2 percent after acquiring u. K. Platform breathed for 32000000. 00 in south africa the all shares also in the green on wednesday the central bank reiterated it would keep rates steady at least in the near term Consumer Staples and gold miners also lead those gains lets head over to europe in the americas starting in london where the footsie is up for the week well and gas prices hope those gains the index saw some losses though on friday data out of the u. K. Showed that g. D. P. In august grew 2 point one percent which was less than expected the german dax also in the green now german exports rose for the 4th consecutive month by 2. 4 percent in august after a 4. 7 percent rise in july french also in the green closely monitoring about u. S. Stimulus. Will the evil best by also seeing another green arrow the main be 3 stocks climbed 2. 21 percent that drove us stocks led those gains in line with crude oil which also rose about 6 percent now heading over to mexico the b. M. V
All right, welcome everybody to power lunch. Kevin is with us dominic too. Welcome, dom good to see you. Here is whats on tap. Stocks are at session highs right now after four weeks of losses the dow is up 500 points both the dow and s p on track for their biggest two day gains since june high stakes stimulus how Speaker Pelosi says she thinks, think, republicans and democrats can get a deal done before the election and tom lee says thats just one reason to buy stocks he will join us very shortly later, which president ial candidate could be better for the economy and the markets . Moodys is out with a new report that takes a look at those questions investors need to know power lunch starts right now welcome to power lunch. Looks look at the bigger wins today. You have fedex leading the industrials over at Deutsche Bank raising target price to 318 a share both those stocks up around 2 Virgin Galactic getting two more buy recommendations. Eight wall street analysts say the same thing bu
Tensions a are also high betwee china and the United States over the South China Sea. The u. S. Has r rejected beijing Maritime Claims across most of the South China Sea as completely unlawful. In july, the u. S. Held military exercises in the area that included aircraft carriers. In the following months, the Chinese Military test fired Ballistic Missiles toward the sea. At wednesdays meeting, asean countries are expected to call for restraint. An expert says that china and the u. S. Need to understand asean does not want to see the dispute escalate in the south china a sea. Asean in particular is very interested in managing incidents in the South China Sea, and we hope that we can cononstructivey contntribute to managiging the tension in the South China Sea, including the tension between the u. S. And china. He expressed hope that asean meetings would push all the concerned countries to seek ways to solve the situation without increasing tension in the region. Strat separately chinese