Gdp to be negative this the First Quarter of 2021. It is friday before a holiday week 59 minutes left in the session down a quarter of a percent on the s p 500. No gobbledy gook coming up for the next two hours here either. Coming up on this show, instead we are going to dive into the latest on the coronavirus and pfizers push to get emergency use authorization for its vaccine with the fda commissioner and pfizer board member dr. Scott gottlieb. Plus, new york city shutting st. Louis down the head of the Teachers Union in new york will be here to weigh in. Lets check on futures mike santoli tracking the margaret as always meg tirrell with the latest on pfizers vaccine and bertha comes has the latest on what President Trump just announced. Mike santoli, lets start with you. Not disturbed so far by the news last night about the treasury pulling the funds from the fed. If you look at the pattern here, it is about a flat week as well. Trading just below the highs we hit on monday. Before t
Philips beats expectations in the Third Quarter, sending shares higher in early trade this as the dutch Health Tech Company also backs its outlook. The world needs more Productive Health technology, find new ways to connect patients to doctors, overcome the pandemic and philips is very well placed for the coming years to benefit from that. And chinas gdp rises 4. 9 in the Third Quarter as strong growth in retail sales and Industrial Production support the economys rebound. But the data slightly misses expectations so, there are three parts if i can put it more sub sectors and ideas, one, whats going on politically and economically and on a corporate front this week promises a lot of information on all of the above. Maybe not conclusive information. As the u. S. Elections. Such as brexit were getting to a very key crunch moment as well. Because lets face it, weve got around 15 days until americans have their vote, theyre already voting in droves by the way in the u. S. Election. Not muc
And continues on into the fall campaign, which has started now. That is sort of divide and conquer. He looks at the political equation as those who will support a very clear black and white option. The black and white option for years ago was the border and immigration using almost the same rhetoric that Illegal Immigrants were drug dealers, rapists and murderers. Transitioned has into his description of social unrest around the country. David does that put joe biden in a difficult situation . He is trying to take a tax that is not black and white, basically saying we should allow demonstrations, but we shouldnt be violent. How effective was that speech he gave monday . Rick i think it was an effective speech setting out barriers and boundaries for this debate around donald trump. It is always easier from a political context to make a minds. E stick in voters trump is particularly good at embedding these dark themes. Biden has an additional requirement where he has to convince voters t
Very, very, varied longtime. What does that mean for u. K. Asset . Strategistnvestment is joining us now. David, the u. K. Economic outlook is really bad right now. We have had a bounceback a little bit in the month data, but it makes grim readings. U. K. Asset pricing enough in terms of the downside . Dont think they are pricing enough bearing it was a truly terrible q2 gdp number. That was expected. At the moment, investors are taking some comfort with a decent pmi number for the u. K. Some of these monthly gdp data from the statistics have been revised up for june. After such a big decline, we are going to get a bounce in q3. We may get doubledigit growth in q3. For the headwinds are really significant. It is being massively underreported in the u. K. It has been a sticker shock for investors and for households and consumers from the furlough scheme. This brexit is still hanging out and never seems to go away. Alix what is the down lot what is the Downside Risk to the furlough . Is
More of a westsouthwind, ranting. Lets get to it. Today. A little warmer inland, today. We dont always see fog and low clouds, but we have this week. I dont think there will be look at that low, spot below, i much change, coast and bay. Bases are up around 3000 feet would say it is near fresno. For some, so it is pretty high out there. There is a lot of moisture almost every recording station says cloudy or mostly cloudy. Funneling in upwards into the livermore and also san jose, along the southsouthwest, so sierra, and parts of Mendocino County, shasta as well. So storms, erupting a little no change there. Back to the coast, warmer today for a few. There have been some great santa rosa is cool this week, i thunderstorms to the north, and also to the sierras, right where they should be. Expect them to bump up a little over to sal now. Okay. Bit, sunny, breezy. Water temps have come up, this where do you want to start . Is the warmest they have been all summer, except point well . Marin