People disappear from westminster and it is quiet. You have been reading about the problems, and that is something on the social scene i suppose, and the controversy over which songs should end the problems, a musical event that happens every year. Of course it is much scaledback. I am preoccupied by the latest comings and goings. Tom we have Economic Data on thursday, jobless claims. What is the trend of the economy that you see . Right now in america aims to be almost a two art economy, very separate. A twopart economy, very separate. Anna we are talking this morning about the kshaped recovery. Going to john olsens great piece this moaning about how tech stocks do well, value stocks, other left behind sectors not doing as well. Even as we look at the u. S. Right now. Also really dominating in the news overnight. Anna a recovery, kitd juckes writing on that as well. An unusual august. For our briefing with first word news, there is ritika gupta. Ritika President Trump and speakers at
Interesting enough. We have the gdp numbers, the contraction in that economy, which is awful, obviously, but relatively good to compared to some other parts. Getting the test and trace progress going very efficiently. Fester e talk of an of Investor Outlook for another year. Tom the dialogue on furlough and income substitution over there versus what we see in america. With a briefing, our first word news with ritika gupta. Ritika President Trump and speakers at the Republican National convention put a positive spin on trumps handling of the coronavirus pandemic. The president thanked frontline responders and said the virus is going to be fading. Others warned what would happen if joe biden was elected. There is more work to do, but there is a light at the end of the tunnel. Jobs gains are outpacing what the socalled experts expected. But biden set by radical leftwing policies would stop our economic recovery cold. Hes already talking about shutting the country down again. Its madness.
A Holiday Weekend as we approach flu season all meanwhile india became the worlds 2nd worst hit country just behind the u. S. Where more than 90000 cases were reported in just 24 hours pushing india pos residual with more than 4200000 cases and europe is seeing its 2nd wave as spain set a new daily record of more than 3700 new cases in just 24 hours this is the biggest count since the country came out of that strike lockdown and with School Starting to reopen director of the coronation center for Health Alerts and emergencies said the country needs to be alert and vigilant. Going to give them the schools are now openings some have already opened most schools are opening this week in a staggered way and others open next week we should see the impact of these reopening at the end of next week or the start of the week after that we need to be alert and vigilant the regional governments are very aware of what could happen we hope it will not happen in france and the u. K. Will they also sa
The forecast was 50 4. 8. 67. 6,ders up strongly, point three. 63 the one disappointment, and this is been true throughout the crisis, employment does rise but it is still negative already 6. 4 46. 4. The numbers are better than expected for most of the pmi but in the case of the headline and the new orders numbers, they are up big. That should be good news for the overall economy it will probably lead into some strengthening about what is happening with employment. Alix if you look at eurodollar you are seeing it take a leg lower. Either way, the dollar is getting a slight bid there. What are we looking for over the next data points . Michael to see if they fall below one million if theres any progress of that front. This is not the week of the survey, so it will not have a bearing on friday but it is the latest point that tells us where we are. Mosts have slowed down and of the highfrequency indicators. The jobs report is what everybody wants to see because it was a feeling that the
Split. Well tell you why invesetors ae piling in today. Energy companies have shut in production we have the latest on the impact of tropical storms marco and laura. Power lunch starts right now thank you, tyler as you mentioned its shaping up to be another record breaking week on wall street. That means even more evidence mounting that stocks are getting pretty expensive bob is following the markets for us bob. Yes it is. Right now we have very light summer volume. We have fairly narrow trading range today. I like what i see and i like what i see for one particular reason for once its not all about Technology Stock it started out that way at the open but it quickly changed and investers decided maybe the tech stocks are too pricey afterall today were seeing Energy Stocks bank stocks out performing, even industrials out performing the Technology Sec tore. Thats a big change of pace for the last couple of weeks i want to show you something to give you an example of how it changed. Apple