Bowling is set to resume next week, what it means for advertising, spending and jobs. On my colleagues, ben levisohn, carlton english and jack howe. Ben, the market had a good week, and it seemed kind of placid on the surface but down below there was actually some really interesting crosscurrents. Thats right. And i think the first thing that the market had to deal with this week was the specter of renewed china u. S. Tensions. Hong kong sort of lingered there in the background, but its never been one where the other side seemed to be willing to act. I think we saw china pass a new security law for the city, and when trump said that he would respond to that on thursday, it actually caused the market to go from positive to negative. On friday he made an announcement, it wasnt as bad as the market thought, so the market rallied back. But its really something that the market is going to, i think, start to focus on. How much can tensions between the u. S. And china escalate, and how much [
Return soon. Bowling is set to resume next week, what it means for advertising, spending and jobs. On my colleagues, ben levisohn, carlton english and jack howe. Ben, the market had a good week, and it seemed kind of placid on the surface but down below there was actually some really interesting crosscurrents. Thats right. And i think the first thing that the market had to deal with this week was the specter of renewed china u. S. Tensions. Hong kong sort of lingered there in the background, but its never been one where the other side seemed to be willing to act. I think we saw china pass a new security law for the city, and when trump said that he would respond to that on thursday, it actually caused the market to go from positive to negative. On friday he made an announcement, it wasnt as bad as the market thought, so the market rallied back. But its really something that the market is going to, i think, start to focus on. How much can tensions between the u. S. And china escalate, a
Week, what it means for advertising, spending and jobs. On my colleagues, ben levisohn, carlton english and jack howe. Ben, the market had a good week, and it seemed kind of placid on the surface but down below there was actually some really interesting crosscurrents. Thats right. And i think the first thing that the market had to deal with this week was the specter of renewed china u. S. Tensions. Hong kong sort of lingered there in the background, but its never been one where the other side seemed to be willing to act. I think we saw china pass a new security law for the city, and when trump said that he would respond to that on thursday, it actually caused the market to go from positive to negative. On friday he made an announcement, it wasnt as bad as the market thought, so the market rallied back. But its really something that the market is going to, i think, start to focus on. How much can tensions between the u. S. And china escalate, and how much [inaudible] does the u. S. Want
Saying it was on hopes for a rate cut on friday we talked a lot on friday about just whether and i made a joke that the market shows pricing the quickest sell off. Maybe the one individual that said, i got it and felt sicker it just seemed to subside a bit. Thats right. Human bee haflor is weird. Going into a twoday weekend except the good ones where you could have gotten 1,000 new cases. Up another 1,300 showing a bit of change. I love this graphic friday doesnt really sum it up it came back that was the end of the month. Some of that extra pressure was in the systematictype trading and there is an upside air pocket i think that the fed statement on friday sent the message we are here and probably dont have a very high threshold. It wasnt needed same as december of 2018 it was words that did the job for months until we got a rate cut. The bond market was very interesting. Instead of the bond market leading the stock. Take a look at treasuries. The 10year yield hit an alltime low yeste
The major averages finished the day at alltime highs thanks to Quarterly Results from some retailers which brightened the mood and which well get to in a moment. There were also incremental developments and u. S. China trade talks that investored interpreted as positive. Though as you know that changes from day to day. Here are closing numbers. The Dow Jones Industrial average 55 to 28121. The nasdaq gained 15. And the s p added 6. Now to this new report on the makers of opioids. According to a walgds a criminal investigation has been opened that role drug manufacturers and distributors played in fueling the countrys opioid crisis. The news sending shares of teva mallinkrodt and Amerisource Bergen sharply lower. Dow dpoenant Johnson Johnson down a Penney Meg Tyrell has thor to. T company are facing thousands of lawsuit over the role in the opioid crisis. Today another negative headline. The drug makesers and distributors disclosed receiving subpoenas from the u. S. Attorneys. That John