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
If she becomes president and will be welcome. Definitely is stock to watch all the major indices. Democrats win the senate you tomorrow as well as we said, netflix is lower microsofts Conference Call set have to be paying attention to to kick off next hour. What shes proposing in the back to john fortt with a look Communication Services bottom, campaign right now. Clearly, there is a bank at what to expect. John, what do you make of what Oil Continues to slide down 3 aspect of that, as you said, we heard from the quarter so with the reinstation of glass far . Yes, the call in just over 30 minutes, and this is going to today, 8 for the week as a be somewhat of a victory lap for whole. Financials top the sector stiegle. Whats your take on that performers microsoft. Revenue, you recall, came in news this hour, as airline do you think thats a calculated nearly a billion dollars above point from her, to think well, executives get ready to meet expectation, strong eps and with the president
Look forward to the return and congratulations again. Welcome, everybody, to the closing bell. Im wilburt frost in for bill today. Markets stormed out of the gates this morning, but a dramatic reversal in the last hour. A big day for earnings. After the bell, facebook, microsoft, qualcomm, at t, and more reporting what you need to know ahead of the reports. Starting with the initial rebound and selloff and since then pull back we are uptown at the nasdaq, and bob pasani is at the new york stock exchange, bob, starting with you the important thing is what happened in the last hour because we have weakened now, everyone is talking about the feds statement about market based measures of inflation compensation increasing in recent months, but remain low. They added that phrase they are more hawkish on inflation, but its modest, and the s p, lets look at the s p it did not move at all for the first 15 minutes after the feds statements if you thought, they would have been moving more aggress
Rise, but it is not going to rise by very much. This is a phenomenal asset and the return on those instruments could be quite spectacular. Vonnie is the economic glass half empty or half full . There is lot more growth than a lot of the skeptics think there is. I do not think there is today that wence have broken out of the 2 world. Vonnie it is all straight ahead on bloomberg best. Hello and welcome. I am vonnie quinn. This is bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. The week began with a fresh batch of Economic Data from china. The chinese secondquarter gdp data shows the worlds secondlargest economy growing at the brisk rate of 6. 9 . Definitely a beat. All the numbers beat. Gdp was better than expected. 6. 9 , we were expecting 6. 8 . The consensus estimate of a survey by bloomberg. Also, factories are pumping out goods at a fast
Rise, but it is not going to rise by very much. This is a phenomenal asset and the return on those instruments could be quite spectacular. Vonnie is the economic glass half empty or half full . There is lot more growth than a lot of the skeptics think there is. I do not think there is today that wence have broken out of the 2 world. Vonnie it is all straight ahead on bloomberg best. Hello and welcome. I am vonnie quinn. This is bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. The week began with a fresh batch of Economic Data from china. The chinese secondquarter gdp data shows the worlds secondlargest economy growing at the brisk rate of 6. 9 . Definitely a beat. All the numbers beat. Gdp was better than expected. 6. 9 , we were expecting 6. 8 . The consensus estimate of a survey by bloomberg. Also, factories are pumping out goods at a fast