Phil Le News Today

Lets get straight to steve liesman. Jay powell testimony before the House Services committee will note improvement in the economy saying Household Spending has recovered three quarters of the decline and say this is in part response to federal spending and higher Unemployment Benefits which is running down he said housing has rebounded and Business Investment showing signs of improvement but overall employment and Business Activity with well below the prepandemic levels an the out light is uncer...

Eamon javers is inside the meeting. Meg, what can we expect outside of this meeting . We did see the executives head in just a few moments ago as well as research chiefs theyre expected to discuss the status of development of both vaccine and drugs for the novel coronavirus. Gilead and regeneron have medicines in development, while the others are working on vaccines, as moderna las already delivered a batch for testling Stephanie Duke is catching up with stan erk, asking what he hoping to get fr...

Bullish analyst note down 26 points on the dow. Cash flow marj j. Stock up as we said 10. 3 the session was 109 at about in terms of the deliveries, what 11 00 a. M. Are you looking out for on that joining us for the first hour of the show, steve weiss from short tascha well we already have the delivery numbers hills capitals partners. So we know that those came in slightly below estimates steve, earnings so far have been they were about 97 now compared good, bad, mediocre . To say 99. Is that t...

Points you were talking about down about 1. 8 for the dow and s p, down 2 for the nasdaq s p indicated up by 7 points this morning nasdaq indicated up by 30 points overnight in asia, some weakness in stocks there, too probably started by what happened here. The nikkei actually ended flat the hang seng was off by three quarters of a percent. The shanghai was down 0. 8 in europe, where there is active trading taking place at this hour, you will see there are green arrows across the board. The bigg...

Replaying bank currencies, i think were a long way from t t that. So essential not too concerned about central barracks no long or Digital Currencies you know, facebook has made i believe quite broad rounds around the world with regulators, supervisors, and lots of people to discuss their plans. That certainty includes us, and its something were looking at. We immediate with a brought range of and there is just a tremendous amount of innovation going out out there. There is pour tenchally benefi...

Look there stocks hitting session highs as we kick off power lunch. Coincidence . Probably but this is the great rate debate as a tugofwar on inflation and Interest Rates and volatility continues to play out in front of our ieyes, stocks are making come back and the dow up and bond yield rising rising since the beginning of february and benchmark hitting fouryear highs and creeping closer. Gold is highest level in over a week groupon tanking on earnings miss chipotle on pace for the best day in ...

Inc. Portfolio power lunch starts right now and happy friday your money carving out decent gains in the major indexes the dow trying to end the week higher just like the nasdaq is doing. The nasdaq is now more than 5 for the year melissa highlighted general bills and blue buffalo and if you are investor, go home and give your dog a pet tonight because that stock is soaring. It is up almost 17 . Other interesting stocks today, go daddy hitting a new alltime high on pace for its best day since aug...

Negatively. The dow opened lower, the nasdaq lower by 6. We had a multibillion dollar deal. Teva acquiring allergan. We should tell you that teva is officially withdrawing its off for mylan. You may have remembered they made that offer as a hostile offer. It was not morninging. Mylan which located outside of the u. S. Became a bizarre beneficiary of moving outside because of the way the governments rules work abroad were they relocated it made it much more difficult for teva to pursue a deal. Ho...

Now below 48. Roll back with china falling hard. The biggest drop in eight years. A 40 billion farm pa deal. Teva buying allergan and mylan and facebook. Its two price targets ahead of wednesdays earnings. The impact that is having on the nasdaq. First up this major selloff in china. The s p and nasdaq each coming a off the worst week since march. Jim, you have been fielding questions on twitter all morning long. Why the pain . You wrote, because we are china right now sample we are. I mean look...

Wednesday on wednesday, the employment report for july will come out with International Trade. On thursday, well get jobless claims. And that all leads to fridays big jobs report. See what theyre suggesting about the open at this hour. The dow flat course the board. Disney, dreamworks, time warner, fox, all on the calendar. Stiefel is raising its price target. And seeing the stock getting to 130 a share. Also has a value rating on those shares. Disney up 40 over the past year. Harder and harder ...