Page 3 - Patrick Harker News Today

It brings unemployment claims down to 22 million in the past four weeks and that essentially wipes out all the jobs created sin the financial crisis we know the dapta was going to be bad and will continue to be bad because this is reflecting periods that arent april, and we know april will be even worse. Right these are daunting historic we look at them, we must think about what was happening, say, in 1930, 1931. We realize that the system may hold, may not hold i think were in a stronger positi...

That companies you want to invest in with Communication Services are the ones that everyone is using, netflix, zoom, you know, facebook, social Media Companies and how do you distinguish which are the better ones than the others we looked at a series of Technology Stocks this morning and broke them up into a couple different frameworks depending on whether their profitability is likely to rise throughout this covid cycle or negatively impact and recover a few we called rocket Ship Companies in t...

The consumer staples, bottom fishing on companies and may think have gotten oversold. Companies could benefit from the work at Home Movement which is encapsulating this entire globe. Walgreens, have got walmart and costco among the gainers in the staples space. Theee another winner in dollar. Everyone is flocking to the dollar, the dollar index rising for a seventh straight day, claiming to an alltime high. The biggest loser against the dollar among the g10 currencies appears to be the pound. Ro...

Significant rally, up eight at the opening bell, a gain of 55, urging the fed to cut rates. We wait to see when the fed is. Some money coming out of treasuries. I want to see it but cant, dont have it but it is up from the historic low of one. 03 , it is one. 12 as we speak. Politics. A mad scramble by the democrats to support joe biden and beat back the bernie challenge. Amy klobuchar and Pete Buttigieg throw their support to biden, beto reappears to back him up. This is desperation time. Today...

Market. 33 basis points. Auto. Ft significantly not a massive change, but still notable. The dollar index is up. Lower. Uber is a lower by 2 . It is between 96 and 97. Tesla is down now for percent. Tesla one of the most interesting stocks giving away you have the first delivery of kinds to cars to shanghai vehicles made by factories in workers and also receiving a shanghai. Note that may be the model three it may miss the delivery target for demand saturation. Saturation is in terms of demand v...

[laughter] maria big show this morning on deck this morning, ohio congressman and member of the house intel and ways and Means Committee member brad is here on yesterdays hearing, darrell issa joining us on new run fur the house, Intel Committee devin nunes on the whistleblower come print and Philadelphia Federal Reserve complaint patrick harper, on Economic Data, backdrop on the economy, we will talk about rates as well, dont miss a moment of it. Top story this hour, whistleblower hearing, Jose...

Global threats keeping haven bulls happy and the yen expected to outperform the g10 years. Peers. Petrol bombs, tear gas and rubber bullets fly as Chinas National Day approaches. We want to get you to breaking news on the terminal now. Industrial production from south korea for the month of august, something of a miss, 1. 4 contraction for the month. The survey expected a 1 contraction for the year on year figure. 2. 9 contraction of the market had been expected, a contraction of. 2 . Decline in...

The french president tells Boris Johnson a new brexit deal is not likely and italy has a few more days to cobble together a coalition. We are live from g7. Week japanese inflation stokes talks of further boj easing. Meanwhile, the rbnz governor tells bloomberg it can afford to be in wait and see mode. We can afford to watch and observe what is happening. We have taken a preemptive double cut. Matt good morning. Matt here in berlin. We had a slew of fed speakers yesterday that pulled back expecta...

Fed chair jay powell has to strike a fine balance at jackson hole. Fears of recession swirl, but regional fed president s question the need for more cuts. As i look at where the economy is, it is not yet time. Im not yet ready to provide more accommodation to the economy, without seeing an outlook that suggests the economy is getting weaker. Matt a working weekend at the g7. French president Emmanuel Macron tells Boris Johnson a new brexit deal in 30 days is unlikely to happen, and italy has a f...

We are seeing green on the screen in terms of equities and u. S. Futures. We finished unchanged on the s p 500, so the markets are a little bit risk on. We are seeing that reflected in the bond market. The 10 year has backed up. We have a number of regional president s pushing back against further rate cuts. The dollar is on the front foot as well. Coming up, we are live from jackson hole as investors take positions on how fast and how far the fed will ease. We have a host of stellar interviews ...