China has now sanctioned almost a dozen u. S. Officials in retaliation after the u. S. Sanctioned several chinese officials last week. We are standing by for the president to deliver another is briefing after he signed four executive orders over the weekend on issues including payroll taxes, student loans, while lawmakers are still negotiating a possible broader relief bill. Joining us to discuss, abigail doolittle, looking at the ups and downs. Were there any clear drivers in one direction today . Abigail there really were not. Then, the bulls were out, we reverse lower. The nasdaq had been lower all day. But we saw today is what some are calling the reopening rotation. Some of the cyclical sectors, those climbed. As we saw those sectors climb, that is when some of the tech stock. Apple rebounded. The dow also backfire. The nasdaq did not make enough. Seventh update in a row. Longest winning streak since 2017. The russell 2000, that shows that divergence, the more value and cyclically
Upper 106 level before u. S. Retail sales and trade talks are planned for the weekend. We are seeing dollar weakness in recent days. Gold futures at 1946. It is above 1900, a wild ride for the metal after surging 30 this year. We saw the plunge below 1900 tuesday. Gold is still an of the bestperforming commodities of 2020. 66. 22. 10 year yield at lets flip the page and look at where we are in terms of the chinese shares ahead of a slew of data for july on friday, including Industrial Production and retail sales. The csi 300 is in negative territory, down. 4 . The yuan is at 6. 93. The hang seng is getting some gains. Center, infront and negative territory right now even as it the highest estimate. Tencent also played down the Trump Administration as we check been. Ban wechat the kospi is up on a 52week high. Look at southeast asia, this is asias worst performer this year, correctly up. 5 . It may rise to between 6500 to 7000 this year, driven by pretty much the government stimulus pac
Bloomberg television, starting at 9 00 p. M. Eastern. Along the gulf of mexico, the texaslouisiana border is reeling after hurricane laura unleashed a wide swath of destruction, with winds reaching 150 miles an hour after coming ashore. It is now churning over louisiana. It could lead to more than 15 billion in insured losses. One of the top talkers on wall street, meantime, news of wall street joining microsoft to make a joint bid for the social media sensation tiktok. Now aligned with oracle. For more, i want to get to scarlet fu in new york. A lot tied to these remarks from the fed. There was a lot of gyration in jay powells remarks. In the case of equities, the fed moved it higher. The dollar moving higher. Bonds falling. In no rush bank is to raise interest rates. It will let the job market run hotter and inflation run higher, potentially overshooting the 2 target, before taking any kind of action. In the end, we saw financials get a boost. They benefit from a higher yield and a s
Wisconsin protests. World Central Bank Leaders coming together virtually, Federal Reserve chair jay powell speaking at key economic conference and investors closely watching what he has to say. Ahead of the speech, few hours are lower. We are taking a look at decline at start of trading. S p and nasdaq hit record highs again yesterday. This morning dow futures down 88 points. Mornings with maria live right now. Global markets this morning are red across the board. Take a look at european indices, the cac quarante down 31 and the dax index lower by 52. In asia overnight markets mostly lower, worst performer was korea down more than 1 . Top stories that we are watching this morning. Night 3 of the Republican National convention honoring americas bravest, devoting their lives defending our freedom. Since 9 11 ive seen americas heros up close. Some of them saved my life. Service, its more a word to me, its a way of life. Maria meanwhile mike pence touting President Trumps economic success
U. S. Cases do continue to decline. The fda gives the go ahead for plasma use in hospitalized patients and a potential vaccine fast track and tech on a tear. Shares of apple up nearly 75 this year ahead of its four for one stock split today. Jim, we have all that to handle and jackson hole this week, the rnc and couple tropical storms in and not a sleepy august it should be a sleepy august, and its not august supposed to be a down month and its not people say, wait a second. 70 of the market didnt do well last week. I always find those kind of things because 70 of the market does well this week. You dont have a bunch of anything to hang your hat on when you look at a big apple price target increase basically to where the stock is you realize, wait a second shes the first. But will everyone have to follow every price target is below where the stock is a lot of people feel enthusiasm for the stock split. Of course, that is part of it. I know stocks mean nothing but they excite people she