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
The session, sara. Come back after two down weeks. Coming up on the show, tech investor Roger Macnamee is with us and gold strengthens, the dollar weakens and home body stocks outperform well break down the trades and themes in a few minutes with David Rosenberg. Lets focus on the key stories mike santoli watching the bounce back rally meg tirrell as the president participates in a Coronavirus Briefing and the other big Market Driver this afternoon, the stimulus negotiations in washington new details expected this afternoon. First to you, mike yeah. Sara market really is a bounce in large tech stocks that is carrying the s p 500 to the high end of the recent range. Pretty well mixed market under the surface. Those big nasdaq themes carrying we spend most of the day, interestingly enough, almost exactly at those early june eyes we were looking at for a while not sure there is any particular reason we have to sit there. 3232 is that level basically that, is where this nasdaq rally has ta
Doesnt hurt that they beat on the top and bottom lines, earnings per share at 86 cents versus 71, but the real big deal here was the settlement with hauwai is this the end of qualcomms Business Model they faced problems with apple refusing to pay them telling them that their suppliers refused to pay qualcomm. I will, some people say i hate to say i told you so no one hates to say that i did tell you so, qualcomm is really good at this legal stuff. They have been fighting the legal battles throughout their career tom brady, Fourth Quarter in the super bowl, you cant count them out. That is why the stock is up catching a lot of people by surprise, julia. That is right, just looking at the opportunities they see in 5g as that continues to roll out and the idea that maybe the regulatory hurdles are behind them they have the ftc case they won that is under appeal, but really notable looking at those two Business Models looking at the sale of the chips and the licensing. Yeah, the pressure t
Central, 202 7488000. Mountain and pacific, 202 7488001. You can text us. That line is 202 7488003. Are cspanwj. Post, as caseson near 5 million, trump digs in on schools reopening. They write the administration is sticking by its view that schools must reopen on time and , as mississippis conservative governor reversed course to delay school and make students all wear masks. The yuan chief warned that the world faces a generational catastrophe because of School Closures. Urgedideo message, he countries to suppress the virus sufficiently to allow schools to reopen, calling the pandemic the largest disruption to education ever. A policy brief alongside this containing the virus the most significant step governments can take toward grouping schools. We are learning a lot from governors about state plans and what localities in those states might do. The governor of texas, greg abbott, held a news conference. The Texas Tribune reports that local School Officials know best whether they shou
A few hostage taking ukraines president. To the governments demands that all the hostages were freed. Welcome u. S. Secretary of state mike is visiting denmark to try to persuade it to stop walk on the north stream to gas pipeline passing through its waters denmark has just given the go ahead for the work but hopes to get the danes to change their minds the u. S. Believes germany too dependent on russian gas. Last week pompei or warned Companies Working on the project they would be subject to u. S. Penalties if they didnt end that involvement. In the baltic sea gas pipeline north. Stream 2 is still moving forward albeit slowly the u. S. Has threatened sanctions for Companies Participating in the project so right now theres just one russian ship laying the pipes for the remaining 160 kilometers the pipeline runs parallel to the north stream one pipeline from russia to germany 1200 kilometers across the baltic once complete it will allow russia to supply double the current volume of gas