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R justately ben laidle calls it a q4 melt up to come. Jonathan pointing out that the u. S. Election volatility could fade. The data might continue to improve. The market might grind higher. But the numbers we are seeing from some of the big employers around the world are not pretty. Tom terrible. I am so glad you bring this up. Horrific, but once again, you separate stock market activity from the social cost we are seeing right now. Jonathan 90 minutes away from claims data, lisa. Lisa we will be finding out a backward look at the latest claims. I say backward look even though is a weekly initial claims that i because we will also be getting a backward look at the income people received in the month of august. One thing i will be watching is the copious amount of additional fed speak. I want to know how much stress they are seeing within the banking sector. And then the theater in washington, d. C. Continues. Steve mnuchin and nancy pelosi continue to talk. Is this just theater, or is ....
Surveillance today on television, on radio. We welcome all of you worldwide, across this nation, where the linkage, the urgency that we see within our politics and our economics is truly front and center. Get out the calendar. I believe it is 23 july, and this is a nation staggering to the first week of august. Jonathan what urgency . It is sunshine and rainbows in the equity market. In washington, d. C. , we havent seen the urgency we actually need. There are a lot of people still out of work. This market is in a lot of pain, and it is not going to heal as quickly as we needed to. In about 30 minutes, initial jobless claims set to come in at around 1. 3 million again. We need to see much bigger improvement. Tom that will be a key statistic of the week. Rule number one in the equity market is follow bonds. I continue to see yield compression, lower yields and flatter curves. Jonathan sunshine and rainbows lisa sunshine and rainbows very much funded by real yield that is negative by the ....
The s p 500 down 1 . The nasdaq down more than 1 . We are seeing those attempts for a new rally, but they are not holding on to those gains. Take a look at the s p 500 intraday chart. We are not getting to that high we saw in may of last year. Right now, trading below that 2100 level. Lower, losing 1 . For the entire week already in negative territory. The s p 500 reversing three weeks of gains, down. 3 . The dow still clinging onto those gains of. 1 . Says there is the scrutiny from stock down more than 2 . That fund has been under investigations internationally from switzerland to four other countries. The bank is being asked to report on its 6 billion in bond sales. Take a look at intel today. Have a chip order from apple. This is a big win for intel. Apple had used qualcomm in the past, but they are trying to diversify their supply sources. We are seeing Government Bond yields across the world just plummeting. 10 yeary tenure ....