Moving news from all around the world. Delhi, newg to new jersey and washington come our bloomberg voices are on the ground todays top stories. In asia, you had the pboc lowering the rate it charges on shorterterm loans to lenders. Index added 150 billion yuan into the banking system. Joining us is tom mackenzie. Is this the start of an easing cycle, or a shortterm term liquidity crunch into the new year . Tom it seems like more of a shortterm liquidity crunch. We are looking ahead to january, what it looks like you will get a withdrawal of cash out of the Financial System here of about 450 billion. They take that liquidity out ahead of the chinese new year, which comes in towards the end of january. It does seem like it is more of a seasonal effect. More broadly in the economy, credit has been tightening. We saw today from the pboc was some gradual measures to try and address this queasy liquidity, and a couple of basis points and a sevenday reverse repo as well. About 28ly, you got b
Land it again and Something Big could be hurting his chances and it aint court cases. Coma what if i told you it was and is joe bidens economic case. Why the guy who has the job trump wants con if i weres hell be the guy voters want next year. Market watcher Gary Kaltbaum says not so fast because this chips act is not so economy is not so hot. Did joe biden blame donald trump for the former downgrade. You dont think larry kudlow was going to take that one lying down . Hes here and, kids, cover your years because coasttocoast or should i say for this broadcast today, more like roast to roast starts right now. Welcome, everybody. Im neil cavuto and happy friday. Theres a lot going on and theres a good deal of attention to whats happening and this whole fitch thing notwithstanding and the narcotics are having a hell of a time going nuts, but this day it is a good kind of nuts. Stocks sprinting on this goldy locks jobs report, not too hot, not too cold, just about right to keep the fed at
Yeah. The only exposure i have at this point in time is home depot and theyre the one that has battled them really well when you look at the growth they have done online but those that are competing and can go after amazon, because that is the big elephant we talk about it all the time, you look around out there, those that are competing well against them, those stocks are doing pretty well. Look at walmart, look at home depot. Costco to some degree. Im beginning to tihink when do look out on that landscape, you say maybe theres five names before i dont know the thumb goes away, this finger goes away, two or three maybe. Thats what it seems like. Its how quick those have reacted and those who have prepared for some of whats going on in terms of the online competition world. Those that have done that, i still put best buy in that category as well best buy has beat amazon at their own game walmart is doing a great job of competing aggressively when you look at what walmart has done in th
One. What youre looking at now, a live look inside the arena there in philadelphia. Tonight in primetime, might have heard already, Hillary Clinton will deliver perhaps the most important speech of her political career. Nbc bay area steve handlesman joins us from the convention there in philadelphia. Steve, whats her primary goal tonight . What does she need to convey . Raj, she wants to get voters to see her as trustworthy and competent and the polls show that could be a pretty tough row for her to hoe, but she is the first democratic works the first woman ever, to head a major partys president ial ticket, so in the buildup which is what were in now, norcal democratic washington women, senior democrats, nancy pelosi, the top democrat in the u. S. House of representatives, barbara boxer, california senator, have been part of a parade of Democratic Women who have come up to extoll the virtues of the leadership and the personality, the quality and the work ethic of Hillary Clinton. Staff
The sky. Its cool to mild not too bad. Were not seeing any 30s yet. Napa is getting down there. Sfo, 50, san jose is at 4. The fog in the morning and clouds on the increase, the clouds will move in for most of us here, look for a partly sunny morning and mostly cloudy afternoon. The north bay will take the brunt of the system, but not today. Fog sun and clouds and mild it warm. Not as warm as yesterday. Hazy skies, a little cooler to the north bay due to increasing clouds, he doesnt sound 100 , but his report is 110 . And i look great. Dont i . Look at this steve. Im just kidding obviously, i hope to sound better, but i can tell you that your commute is not all that bad. Lets go out and take a look at what we have, now, with the morning commute, the bay bridge looks good. No major problems. If redriving to the san mateo bring its a nice looking commute over to the peninsula where traffic looks good all the way over to 101, south bay, north bay 101, that is doing welcoming into the west