The last 19 seconds. We are up 52. The nasdaq up 223. So heres the situation. We are indeed about to get an update from the president s physician on the president s condition and breaking news of the timing of his discharge. We will take you straight to Walter Reed Army Medical Center as soon as the briefing begins. We are told 3 00 p. M. Eastern. Its right now, 3 00 p. M. Eastern. We are watching it. Little moving target but we have the cameras set up. The testing storm that whipped through the white house since the president tested positive last friday is shining a bright light on xpresspa at this hour. Tomorrow it will roll out its Rapid Testing site at jfk in new york. Diagnosis in five minutes for anybody at the airport now, passengers, workers and first responders. Ahead of that, you are about to get an exclusive first look, the walkaround at the brand new Testing Center from the ceo who is there on site. A full 24 hours before they open. And the latest entrant in the electric ve
Data likely to report a substantial fall in Second Quarter of gdp. It will confirm a first technical recession in 29 years. Raced shinzo abe after he set his plans. The backing of the ruling party. Voters have another view. Haidi we are just getting south korea Inflation Numbers crossing the bloomberg. Slightly more inflationary when it comes to consumer prices. When it comes. 7 to the year on your number for soft arena. Southxpectations korea. Beating expectations. 3 . The month on month number of. 7 . Betterthanexpected expectations. Cpi caore number year on year coming at. 8 . Continuing to edge up. Still shy of 1 that we are looking for. We are starting to see a recovery when it comes to domestic demand. The influence of supportive base effects. Hoping to lift the inflation somewhat. We have the renewed resurgence in virus cases in the letter half of the month, likely to be accounting for the fall. Energy costs still low compared to the previous year. They are picking up. That woul
The democrats a multitrillion dollar socialist manifesto. Jonathan it is going to be a mess. Republicans negotiating with themselves, simultaneously negotiating with democrats. Tom its got to get to the end of july here. Kevin cirilli, we will talk to him through the morning, but the calendar urgency here is extraordinary. Jonathan as this week grows older, this week its a whole lot busier. Lisa we are heading into the fed meeting today. At 10 00 a. M. , we get Consumer Confidence data for july. Very interested to see how much this has been affected by the end in pandemic cases across the country. Starbuckst, visa and reporting earnings. 10 of s p stocks report results today for the second quarter, another eight percent tomorrow, 12 on thursday, so a big earnings week. , hashing out the stimulus. I am really interested in the mechanics of it. Shifting to the house, demanded to take that 200 of additional stimulus the republicans are proposing and adding on the prorated aspect they are
Were going to talk more about the tech sector. Is this a market moving event . We will get a take on whether the market should be paying attention to this. The banks are having a big day in europe. It is been a tough day. Barclays traders had a blockbuster Second Quarter. The lender is anticipating that the crisis gets worse. The ceo had this to say. Clearly there has been an extraordinary Economic Contraction globally. Particularly in the United States and in the u. K. A sizable reserve. The vast majority of that are derived by our risk models where we put economic forecasts into the models. Future unemployment rates, gdp rates etc. Those models produced impairment numbers. We think we have been conservative to build proper reserves. Economye how the particularly in the u. K. And u. S. Unfold in the next couple of quarters. We like the comfort of having strong impairment numbers. At the same time maintaining profitability for the bank. Youram looking at Investment Banking business. Fi
Theres the dow. Its a gain of 242 points. 3208 for the s p nearly onehalf of 1 . Nasdaq there at 9840 liz young, i want to go to you first. For somebody who has been uneasy over the run of this thing, what do you say now i remember our conversations about too far, too fast and now here we are. What to you do this is one of those weeks. Last week was one of those weeks that makes you really be humble as a Market Participant. The narratives have shifted. Now its shifted to participate in the restart what were seeing here, first shs i want to mention that im an investor, not a trader. Im trying to make money over the mid to long term here. Not necessarily on a weekly basis. The technicals of this market would tell you to protect yourself because theres so many stocks trading above their 50day moving average. It feels frothy. If you look at long term fundamentals both economic fundamentals and corporate fundamentals, it still says theres room here and you should buy as a long term i vestnv