It is still on. President trump insists a phase one trade agreement with china is fully intact. Peter navarro claims his earlier comments were taken out of context after suggesting the deal was over. The European Commission is more confrontational. E. U. Lash out at beijing over hong kongs autonomy, disinformation, and foreign investor meant foreign investment. We are in brussels. Hard times for softbank. The Company Sells part of its tmobile stake, creating 21 billion dollars to help offset record losses in its investment business. We will have the details for you briefly. Just under one hour away from the start of cash equity trading in europe. Lets take a look at futures this morning after we closed down yesterday in the u. S. And the u. S. Managed to eek out some gains. They are trading solidly higher. Dax futures are up. 6 percent. Ftse futures up about. 25 . What do you see on the gmm . Anna we have certainly been whipsawed by those comments by Peter Navarro on trade and the abil
Starts. That means demand up for Mortgage Applications, supply going up in the future. That follows a remarkable improvement in the outlook for home builders. They are much more optimistic. The housing rebound would give the overall economy a real boost just when it really needs it. Now lets get to the market. Again, look at this. We are going up again, not much, going up at least at the opening bell. The rally continues. The dow up maybe 70. S p, maybe 10. Nasdaq, better gain, up nearly a half percentage point. Thats a 46point gain for the nasdaq. Okay. The fed is printing money. Theres a new stimulus plan in the works. Retail sales saw a huge increase, a positive News Development on virus treatment plus real estate and you add it all up, youve got a continuing stock market rally. Weve got a big show for you today. The president s reelection hangs on the economy which is coming back strong. So why is he trailing joe biden in the polls . We will address that. Social distancing is the b
David it has been up and down even though we had the amazing quarter we just ended. As we go into the second half of the year, you say that maybe perhaps some tea leaves that indicate there may be a shoe to drop. Why is that . Abigail i look at a lot of charts each day and there is just nuances in some of these charts that suggest that some investors are preparing for the possibility of some sort of even shock, an event that most are not anticipating. This is very unlikely. One thing to really keep in mind is the dollar index. There is a lot of indication that the dollar is going to continue declining. The dollar is higher by more than 2 and you have the s p 500 down by equal amounts. This is the real driver for stocks. Drop, as the does economy improves. More so on fed liquidity, that puts pressure on the dollar, you are likely to see stocks and other risk assets go higher. If the dollar rises and there are technical reasons to think you can see the dollar index go sharply higher, tha
All week, weve been introducing you to the changing industry today. We are talking energy. Worldwide exchange begins right now. Good morning, good afternoon, good evening wherever in the world you are watching starting on the high note. Dow futures up about 150 points right now. On the first win streak in a month. Now today, what we call a quad rupa witching friday what does that mean . The singlestock options, futures and index options and futures. Why should you care . When all those things expire it is often associated with extra volatility just something to watch. Didnt narrow a bit. The same as they were at 10 at 0. 72 green arrows in asia overnight chinese stocks up and early trading we are seeing green on the screen to round out their weeks. Germany, france and uk all higher by just under 1 right now. In trade news, there is a report this morning that china plans to accelerate the purchase of u. S. Farm goods to meet the requirements with a trade deal following talks about top d
Left in the session. Yeah. And, of course, it is that holiday shortened trading week so were watching this closely coming up on the show tesla shares surging up another 8 on the day. Tripled in the last six months were going to break down that move with former ford ceo mark fields and the Treasury Department says it has finalized terms of new loans to major American Airlines well speak with the ceo of Hawaiian Airlines in few minutes as well. Lets focus in on the big stories were watching in general today. Mike santoli is looking at market valuations with the dow above 26,000 Steve Liesman is breaking down todays better than expected jobs numbers and how to square the conflicting messages were getting about the economy. Meg tirrell monitoring cases weve seen in some states which dampened Market Sentiment when reported and Kayla Tausche is standing by for disclosures about who received billions in emergency aid from the government, but mike, first lets go to you. We have a tidy little r