To get things started off. The dow is down by 17 points but the s p and the nasdaq is there. Nasdaq is indicated up by 47 points this is after a strong month of july for all three of the averages the dow up by 2. 4 for the month. The s p saw its best july by ten years. It was up by 5. 5 . Thats nothing compared to the nasdaq today is the first trade ding d of august. Thats out at 10 00 a. M. Eastern time today also take a look at treasury yields you did see yields under extreme pressure or ten year closing at its lowest level since all the way back to march 9th. Right now it is a little bit higher 0. 546 stimulus talks in congress. Trump administrations officials and House Speaker nancy pelosi are set to resume negotiations today on their competing visions of a bill. The Sticking Point continues to be a boost set at 600 per week in march that lapsed on friday he and Speaker Pelosi are on the same page about the need of direct Cash Payments of 1,200 to most americans. Andrew. And big co
Expected to drop 24 year on year. The futures are looking slightly lower, down four points. We are looking at some of the currencies. As david would say in the last hour, the bloomberg dollar index is on track for its worst july in a decade. A more dovish start from the fomc. No big surprises from the fed, but the lower mantra weighing on the dollar. The dollar index is flat, at least for now. Wellussie in his flat as aussieyen is flat as well. We move on to the commodities and the yield story. The question marks around oil were in focus as well towards the end of play yesterday. You saw a reduction in the u. S. By about 10 billion barrels. That gave some support to crude prices and wti, currently flat. Gold is now 5 10 of 1 . The 10 your yield on year, still below 60 basis points. 57 is barely moved, risch. Rishaad yep. Global coronavirus case is approaching 17 million. More than 660,000 people have died now. The states recording 150,000 fatalities. California, florida, and texas post
Carol and a different type of crisis that asks if homelessness is a crime. Jason all of that and more. But first, our top story this week. Natos 70th turned out to be less of a Birthday Party and more like a thanksgiving dinner for a big, dysfunctional family. Carol thats right. Not all of them got along. A few snide remarks were made, but in the end, everyone seemed to accept they were stuck with each other. Thats according to mark champion, who covered the summit outside london. Lets talk about nato and what a week it was. Mark it was. I mean, the buildup was pretty extraordinary. This was supposed to be a celebration. It wasnt a real summit. They do that every two to three years. This one, they felt they had to do because it was the 70th. They kept it really short because they specifically didnt want to create a big target for unscripted problems with president trump, which theyve had before. So, and then all of a sudden, in the weeks before, you had the french president macron comi
A crime . Jason all of that and more. But first, our top story this week. Natos 70th turned out to be less like a Birthday Party and more like a thanksgiving dinner for a big, dysfunctional family. Carol thats right. Not all of them got along, a few snide remarks were made, but in the end, everyone seemed to accept that theyre stuck with each other. Thats according to marc champion, who covered the summit outside london. He joins us now. Lets talk about nato. What a week it was. Marc it was. I mean, the buildup was pretty extraordinary. This was supposed to be just a celebration. It wasnt a real summit. It wasnt a full summit. They do that every two to three years. This one they felt they had to do because it was the 70th. They kept it really short because they specifically didnt want to create a big target for unscripted problems with president trump, which theyve had before. So, and then all of a sudden, in the weeks before, you had the french president , macron, coming out and talki
Is a crime. Jason all of that and more. But first, our top story, natos 70th turned out to be less of a Birthday Party and more of the thanksgiving dinner for a big, dysfunctional family. Carol thats right. Not all of them got along. A few snide remarks. In the end, everyone seemed to accept they were stuck with each other. Thats according to mark champion, who covered it. Lets talk about nato and what a week it was. Mark it was. I mean, the buildup was pretty extraordinary. This was supposed to be a celebration. It wasnt a full summit. They do that every two to three years. This one they felt they had to do because it was the 70th. They kept it really short because they specifically didnt want to create a big target for unscripted problems with president trump, which theyve had before. So, and then all of a sudden, in the weeks before, you had the french president macron coming out and talking about whether he wasnt so sure the rest of nato allies would go to the defense of turkey und