We are going to close at records because stocks have then losing a little ground as we head into the last couple of hours of trading. The s p 500 trading at a record intraday, but we will see if a regularp there on basis. The street going back until july 11. We have not set a record every day but it has been steadily upward in a very tight trading range. I keep repeating this stat the 22nd straight session the movement in the s p has been less than 1 . Where we haveys set new highs, volume has been below average. Bloombergk at the here here is the volume on the s p 500 highlighted in blue. These are the days when the s p set new records on a closing basis. This is the one year average of volume. So volume overall has in below the one year average going back to the beginning of july. Even on these record days, it did not get to that one year average. It did not get to that even when it exceeded. Sometimes, traders want to see confirmation of records even though the index has continued t
More evidence the fed will continue its decision on Interest Rates. Sally Fisher Stanley fischer stuck with tom keene on bloomberg surveillance. Hey talked about potential changes and whether there is policy unity within the fed. We are growing at around 2 and the problem we face is that of productivity. I do not think the dollar is fundamentally the most important factor affecting the rate of growth in productivity. Obviously, a stronger dollar has an impact on the profitability of American Companies and on how much we want to import. But the bottom line on this is we have seen an appreciation of the dollar and the American Economy continues at full employment. Or moveowards towards full employment. In a fundamental sense, we have withstood much of the challenge. It has an impact on inflation, reducing inflation, but we have to deal with the world as it is. Tom cole in a final thought. Final thought. Professor at princeton was quite adamant about a greater fiscal thrust. We are exhaus
David this is not the first time mr. Krein has not thats had to come out mr. Cryan had to come out and say we are ok. Alix it is not a liquidity issue, it is a confidence issue. That will be a key point. David we have a lot to talk about. A terrific guest to help us. We are going to be speaking live with Stephan Engels. Plans to cut almost 10,000 jobs and suspend dividends. We will be joined by steven ratner. By steve rattner. The place for the record the race for the white house. First, jonathan is here with the market. Jonathan features here in the United States, a little bit with, but the spillover the ftse down by. 9 . It it is concerns of the house of Deutsche Bank continues to grow. Deutsche bank down almost 9 and one point. We are negative for on the session so far. Bloomberg dollar index about. 3 . It is risk off and commodities. W ti and brent soft. What we have seen, safe haven bids. Poor Government Bonds perform well. Yields lower right across the curve in germany. Negative
The european markets in 30 minutes time. Front, the German Company sees growth when consumers spend more. What is the Global Retail environment like . We are going to speak to the outgoing ceo this afternoon. Adidas has never quite short on that one. The french are making their point very clear. Matter whichnt because he wears, he is making it clear he is going to have consequent is for britain if they leave the eu. It is a remarkable comment. It shows you how fluid this entire conversation is going to be. We are in for an exciting three months. Guy i think he is pushing the right buttons. The contest in the u. K. Has gone very negative. He is taking that little further but he is pushing the negative campaign buttons. Look the consequences and the disaster that will become the u. K. If it decides to leave the eu. He is pushing the migration button pretty hard here it he is pushing the financial conservative button pretty hard. He knows what he is doing. Hans i will think David Cameron
Has the market priced in the chances of a Trump Presidency . We will talk about that during the program. And lights after down to. After downtwon. Earning, but yet to find the next ratings juggernaut after Downton Abbey. We will talk to analysts who still think it is a by. This rally is gaining momentum. We saw it in asia, completely blowing past the negative watch story, coming out of the racing agency. Euro called higher. Hans it seems like theres a massive vote of confidence. The chinese authorities in general have an idea of what they are doing; it is not just all sentiment. We also have switzerland a better figure there on the gdp, showing real growth, even with that strong swiss franc. I think that is what we will be watching throughout the morning. Guy there has always been this argument that germany watches with someone very carefully. If switzerland can cope with a stronger franc, could germany do the same with a stronger mark . I think that is the existential question that ma