Futures indicating gain at start of trading. Take a look. Dow industrials up 38 points on top of rally yesterday fueled by a rise in oil prices. All the major indices higher this morning. Oil prices adding to yesterdays gains as well. Take a look at yesterdays close. Dow industrials up 456 points. Other averages also strong, oil prices this morning 1. 95 at 1573 creeping back higher on oil. Reopening the american economy, lockdown easing in some areas of the country bringing cheers to some and concerns to other including the white house. Most if not all of the economy will open later this summer. Secretary of state mike pompeo meanwhile blasting china and the World Health Organization saying they need to be held accountable for lack of transparency as the focus remains on the lab in wuhan as the origin of virus, something ive been putting a spotlight for months. Meanwhile missouri is filing a lawsuit against the Chinese Government. Attorney general eric schmitt, 7 30 a. M. Eastern on G
Erased but futures have jumped back into the green. Jim, we know its going to be another crazy week, very hard to predict. So what is your tell this week i thought the advice we got from friday ended the teeth of it but if the market is up, were still oversold and thats what you got for it but i dont think theres much that you want to buy i think youd rather wait until it goes back that swing, at 3 30, the futures were up 80, it was crazy, but i think what matters is that there are a lot of people, the feds will take action today and i come back, peter bachvar was on with dominic chu unless the fed can create a vaccine or beat the virus it doesnt matter you said on friday this is a biological crisis. Not ultimately it could i dont think it will turn into a liquidity crisis, for a state at home economy and when you have a Service Economy like we have, you get an upgrade for darden, for instance, last week, Cheesecake Factory are you kidding me anybody anywhere theres a gathering is goin
Flights today. Goldman sachs lowering its growth forecast and reports that wework could file as soon as this week. Were going to start today with the markets. Jim, not a repeat of last week, but were going to it is going to be busy, cpi, retail sales and more. Retail sales is on front burner it is hard to believe that given that unemployment rates are so low. People keep waiting for the inflation story in retail. I dealt with a number of retailers, and almost every retailer says, listen, very small margin hit to the september 1 tariffs. But as soon as you hear small, you say, big, big, big really good piece about dollar tree, not a lot of exposure to china and does well when the economy weakens. I want to watch that to see if we dont get the situation where we start trading down in terms of tocks macys, 7. 7 yield thats the paradigm of what people are avoiding. I think the macro does trickle down to the micro. Im concerned. Im really concerned about this hong kong situation too. You me
The anticipation builds for what we could see from the poster child of Artificial Intelligence is really high. Ahead of all that, what we have for markets is the digestion of a bit of the fed speak. We are seeing Japanese Equities underperforming because we did get some trade data. It shows the trade deficit in the country and shows how the week yen is weighing on the value of imports, perhaps, perhaps obligating things further. The bank of taiwan is outperforming, but its really about nvidia, which tracks the question, the extent in which we see in earnings upward supplies, if this will impact the broader market. We heard from Morgan Stanleys chief u. S. Equity strategist weighing in on this. Take a listen. Ai is everywhere except in the numbers. Nvidia has been the big winner so far. There have not been another a lot of big winners. A lot of spending going on, but it has not trickled down in a way that is rising the whole tide. Theres a lot of ai dollars out there, and they are being
At issue in this case the collection of this information is a search as it disturbs peoples longstanding practical expectations that their longterm movements in public and private spaces will remain private. What is the rule you want us to adopt in this case, assuming we keep a miller, miller and smith versus maryland on the book. The rule we seek is longerterm aggregations of cell phone location and information is a search and requires a warrant. We are not asking the court to overturn those cases. We think the lesson to be john to be drawn is that any extension of predigital precedents to these kinds of digital data must rest on their own. How would you distinguish miller . Involves more limited records. They can reveal more sensitive information. As this court held, they were voluntarily conveyed in that they were created by the passing of instruments in the stream of commerce to transfer funds. What we have here is more sensitive and less voluntary. Why is it more sensitive . Why i