Paul romer, Nobel Laureate may nyu start professor of economics. Cfo as wen johnson push ahead to a vaccine. Memsic own at present will stay or lower levels until the inflation pool is near. Slack in the economy because of the buyers. Improvedic activity significantly in may and june april,s trough in alongside the ongoing containment of the virus and the associated easing of lockdown measures. At the same time, Economic Indicators remain well below the levels recorded before the pandemic. Alix joining us is michael mckeen. Give us some highlights that set out in pushing forward. It is a reversal of roles. The ecb stepping back from its role as firefighter, getting into a more maintenance mode. Christine lagarde urges the fiscal authorities and the eurozone to step up and take action, approve the 750 billion rescue package they are talking about. She said she assumes they will do that. She says that is critical. The ecb itself not doing anything. Leaving its main deposit rate at 50 bas
Sarah . Yeah, shows the power of the fed there. When that headline hit, boom we have a great lineup coming your way Jeremy Siegel and rick reider join us. Plus, well speak with larry kudlow about the latest debate over the future of enhanced Unemployment Benefits and what happens when they run out . Well also take a closer look at one winner amid the volatility, the video game sector. Well speak with Strauss Zelnick. That stock has been an outperform they are year lets focus in on the big stories with one hour left of trading. Mike santoli tracking the action and phil lebeau and joining us to discuss the outlook for the banks is brian foran start us with the big come back that weve seen in the market this afternoon theyre saying buy the dips were in a dip buying environment. They proved it this morning. Take a look improvement. We got that one weeks time. Things are looking stretched at the highs. One week ago today 3232 was the closing level then we got that shakeout. Thursday most pr
Josh lipton talked to tim cook last night after the earnings print and joins us this morning. Josh reporter carl, investors want to see iphone trends improving. Thats what they got with the latest report. Iphone revenue dropped 9 in q4, but revenue dropped 12 in q3. Ceo tim cook telling me for iphone specifically we improved year over year performance even more compared to last quarter, and significantly compared to the first part of the year, and we are off to a really good start with the iphone 11, iphone 11 proand iphone pro11 max i asked about tariffs and trade tensions cook tells me he did not ship more iphones here to the u. S. To try to get ahead of potential new tariffs in december, nor does he plan to, as analysts know that means recent positive supply chain data points represent real demand. More broadly, cook is optimistic a trade deal gets done, saying i am still optimistic in the end there will be agreement between the countries where it will not solve everything, it will
Point gain in the dow jones industrials, which puts that not too far away from record territory. We can do that like this in this kind of market. Blake burman at the white house to sort out rumors, everything here. Bottom line, markets propelled own the belief, were closer to something, setting a framework for something. I give it to you. Reporter neil, this is one of those days where you have to separate, put in one bin, what weigh know. You have to separate, put in the other bin, what is out there being reported in the trade spaces, maybe potentially a possibility. Lets start with what we know, which is the act of goodwill, as it has been seen by china and what the u. S. Is describing it as, delaying tariffs increase from october 1st, to october 15th and apparently an ag buy from china, will come with it as well. This is what a spokesperson for the Commerce Ministry said today. Quote we welcome the goodwill by the u. S. So far as i know Chinese Companies have begun to make inquiries
If the uptick was a blip. In terms of the nikkei 225, a stronger again so it is extending a slump. The boj may exit negative rates perhaps in march especially on the back of what it did not do yesterday. It did not intervene when the topix slumped to percent. Typically it has jumped in prop up the market at 2 . It is about china and the lackluster performance of vanke causing a lot of trepidation as well as concerns in the Property Market yet again. Moodys downgrading it to junk. The yen is the one we are tracking at this point as it continues to rally. It has outdone every g10 currency this month and some say the rally is at a measured pace. Look at where we are in terms of u. S. Futures. A crucial data that we are waiting for. U. S. Futures and treasuries not doing much. S p futures up by. 3 . Cpi print front and center. Linked to the economy, here is jamie dimon warning that the u. S. Recession is not yet off the table. He says the world is pricing in a soft landing at probably 70 8