The rba signaled for their willingness to ease. And the other big story at this hour lawmakers in washington take aim at the power of big tech. An antitrust investigation says they are abusing their dominant status. Check lets get a quick of the markets. We are seeing u. S. Futures down at the open, extending gains after we saw the regular session seeing a bearish reversal at your after trumps of fire called off negotiations. Already, market have been trading mixed and about flat after the fed chairs cautious tone on the economy, warning that too much support was better than not enough. The s p 500 saw the largest drop in two weeks and fell to session lows after the president ended stimulus talks. The losses were led by discretionary talks. Airlines also tumbled and we saw the nasdaq losing 1. 6 . After the close, we saw that House Democrats released antitrust reforms to curb the power of u. S. Tech giants including amazon and alphabet. We will be watching that space very closely. Doin
Caught my eye was the 3600 number that is where we are going according to Goldman Sachs chief u. S. Equity strategist david he wrote that the fall and the equity risk premium will be partially upset by a rise in bond yields, but the combination will ultimately boost the s p index by 3600 at by yearend and 3800 in 12 months time. It represented significant increase driven by valuation. Joining me now, Chris Watling longview, chief Market Strategist and ceo. A pretty bold call, chris. What do you think . Chris it is doable. It is not implausible. I think it depends on how much policy keeps on generating stimulus how much the policymakers keep on giving, if you like. We have seen congress go into recess. We have half had the package, half not, with the executive orders. Clearly the fed is giving and will continue to give. There is a lot of utility in the world can we keep getting stimulus packages. Singapore did something over the weekend, not a major player, but it is noble. There are cl
Ahead of next months elections they say president bush and his claim of a russian subversion for office as a shadow. Not some launches its mites to the mystic asia admission yet to find life on mars. Now donald trump has been condemned by democrats and Senior Republicans suggesting that novembers president ial election be delayed many states want to make personal voting is it due to Coronavirus Health concerns but trump insists without evidence that mail in voting will lead to a rigged result our White House Correspondent jim to help us has more. Even by his old standards his tweet was nothing short of astonishing thursday u. S. President donald trump suggested the november president ial election should be postponed alleging. Little fraud associated with mail in voting trump tweeted delay the election until people can properly securely and safely vote the president has no Legal Authority to change the election date leading even members of trumps own Republican Party in congress to scof
Recognize government captures key cities and makes a push for his strong hold. Protestors in lebanon frustrated over worsening Economic Conditions face off against governments fault as. Well the chorus of voices demanding an end to systemic racism and Police Brutality is getting louder with millions marching across the u. S. And around the world it follows the death of george floyd while he was being arrested in minneapolis 2 weeks ago thousands of people have turned out in washington d. C. The peaceful gathering centered on the newly named black lives matter plaza not far from the white house earlier hundreds of mourners attended a Memorial Service in North Carolina where floyd was born people waited in long lines outside a church to pay their respects. Ive seen whats going on in this country and though my family has been said by the news this is just an allergic reaction to an ongoing issue in the United States just like the koran about race Police Brutality has yet to be found a cur
Supporters. And as cameroon eases coronavirus restrictions the governments accused of politicizing the pandemic. Welcome to the program the chorus of voices demanding an end to systemic racism and Police Brutality is getting louder with millions marching across the u. S. And around the world it follows the death of george floyd while he was being arrested in minneapolis 2 weeks ago tens of thousands of people turned out in washington d. C. The peaceful gathering centered on the newly named black lives matter plaza thats not far from the white house earlier hundreds of mourners attended a Memorial Service in North Carolina where floyd was born people waited in long queues outside the church to pay their respects. Ive seen whats going on in this country and though my family has been said by the news this is just an allergic reaction to an ongoing issue in the United States just like the coronavirus Police Brutality has yet to be found a cure it is a difficult time for us oh and we must a