Then another lock down it will not cut its schedule branding the decision regrettable. The low cost airline posts a smaller than expected loss for the First Quarter. Acquisition, sap shares jump after the German Software giant said it will float qualtrics just a few years after buying it for 8 billion republican lawmakers reach a deal in the next relief bill in a move that will handout payments as well as commit to 70 wage replacement helping to push u. S. Futures higher in early trade. A very warm welcome to street signs we closed out with the flash pmi for july which showed the recovery across europe and now we have the data coming through. The german business index. The german business morale rises in july. Thats the headline. The Business Climate index came in at 90. 5 that was ahead of forecasts. Economists were looking for 89. 3 thats 90. 5. The current condition index, that came in at 84. 5 in july that was a touch below expectation. The current index slightly below but the Busi
Difficulties that the city is having and im hoping that wed be able to try this out and we can review this as we go along to see if this is not the appropriate hypothesis so follow. Thank you vex. Thank you very much. Any other questions . Id like to note that dr. Hammer who several times weve called out to noted in the chat she is listening to the call, but shes away from the office for a while. Im not sure if shes on vacation or leave, but extends her apologies for not being able to respond, but is listening. We wish her well with what is going on. We can move on to the next item. Other business. Im going to put myself into any comments or questions, commissioners . If there is no other business, we can entertain a motion for adjournment. So moved. Second. All right. I will do roll call. Commissioner bernal . Yes. Commissioner chow . Yes. Commissioner christian . Yes. Commissioner green . Yes. Commissioner chung . Yes. Commissioner guillermo . Yes. And i would like to congratulate co
Yesterday carl was a discouraging day for a lot of people who have been chasing momentum because last week was maybe one of the best momentum weeks i can recall since 1999, which meant that if you bought it went higher and how much fun is that . Yesterday was the day that you bought it went higher and then you got crushed. So i think that usually takes a couple days of reset where maybe you can after stocks that arent as hot, say, as tesla. So you would focus, say, on Something Like the banks ive been through the banks and i know dave and i talk about this all the time, they are incredibly complex beasts, they are not like, oh, tesla, hot and when i first went over them i thought they looked pretty good but already theyre reversing. This is not an uncommon pattern as people find one line or two line that they dont like and then they sell these stocks. David, its happening once again. You know that these banks could have had littered with bad loans, its not, they have great trading, the
Donald trump orders in and to hong kongs special status well signing legislation to sanction chinese officials. Beijing vows to take strong countermeasures. Earnings season continues. In the united states, Goldman Sachs reports after jp morgan, citigroup, and wells fargo set aside almost 28 billion for bad loans in the Second Quarter. Welcome to the program. Just under an hour away from the start of the cash equity trading day, lets have a look at futures. We do have a lot to talk about when it comes to the Banking Sector and the bad debt story in the u. S. All of that was quite dominant in yesterdays session, but we do have some catch up to play in the europe in europe. Plus, we work in the latest trial data from moderna over in the u. S. That particular vaccine getting some headlines. As a result of that, we see that lifting stocks in asia and futures in europe and the united states. Lets get to some breaking news. Some numbers coming through from burberry. Lets get to those in the f
Look particularly at the nasdaq, its up 16 year to date but the wait is what you have to think about. Facebook, apple, amazon, microsoft google are up 13 year to date. So youre seeing overweight in terms of really big companies. Any meaningful downward movement along them is going to result in broader index. Im not optimistic particularly nasdaq because i think its overinflated liquidation there is it too glib to say if vaccine hopes are met with real positive data that technology suffers from a whithering stayathome narrative, or is that too simplistic . Yeah, its a little simplistic, mostly because of the factors that are contributing to the tech growth are multivariant you have this issue of the low Interest Rate environment which is drawing a lot of yield, but you also have the fact that people staying at home use Digital Services more. You look at the streams services and the semiconductor and tip companies which are underlines and inputs on the digitization thats happening thats