Weve seen the dow and triple gains. S p in positive territory too. Down 22 points, s p futures are off by four. Yesterday was a good day for the markets. You had the nasdaq wed been watching closely was a big outperformer gain of 293 points the first day out of the last four both the nasdaq and s p have been in positive territory. Those three days before that give you something to worry about . Futures had been higher. Down a lot but come off the highs in the session looking at the treasury market where the 10year stands right now. Just below 0. 7 . Oil prices which really fluctuated and sold off sharply. This morning are down again. Wti off 1. 5 andrew thanks, becky a couple big stories to talk about. The senate set to vote on that slimmed down relief bill today talks between the white house and House Democrats and a report that President Trump may step in with more executive actions to try and fill the gap if something doesnt get done joe . There are other places in the world too. We
Data likely to report a substantial fall in Second Quarter of gdp. It will confirm a first technical recession in 29 years. Raced shinzo abe after he set his plans. The backing of the ruling party. Voters have another view. Haidi we are just getting south korea Inflation Numbers crossing the bloomberg. Slightly more inflationary when it comes to consumer prices. When it comes. 7 to the year on your number for soft arena. Southxpectations korea. Beating expectations. 3 . The month on month number of. 7 . Betterthanexpected expectations. Cpi caore number year on year coming at. 8 . Continuing to edge up. Still shy of 1 that we are looking for. We are starting to see a recovery when it comes to domestic demand. The influence of supportive base effects. Hoping to lift the inflation somewhat. We have the renewed resurgence in virus cases in the letter half of the month, likely to be accounting for the fall. Energy costs still low compared to the previous year. They are picking up. That woul
Some parts of the bay area. We have had temporary service to client that should ben lomond,. 4 inches of rain not have happened. So far. We are fixing this. Service here is scattered activity into lake county and northern improved across all categories. I am laser focused on improving will continue. This rain is helping out in service for the american public. Some areas. Poor air quality will remain in place for the east bay and the south bay. The u. S. House passed a bill thunderstorms remaining in place throughout the course of saturday to address mail the afternoon with a red flag delivery disruptions. It provides 25 million in warning in place until 5 00. Funding. Mitch mcconnell says he does not intend to take up the bill. Temperature wise, slightly cooler for some. President trump has said he will be to wait. The Republican National what you can expect for the convention is underway. Afternoon and weekend ahead. Delegates will vote later today to renominate donald trump. Lets say
Previous peak on february 19th and all i heard is its because were having a v shaped recovery wrong, wrong, wrong. Not just wrong but laughable in a v shaped recovery the Dow Jones Industrial average would be hitting highs but this move is led by the nasdaq and s p including today the dow lost 67 points as the s p advanced 2. 3 , the nasdaq gained 7. 3 you dont need to be a Rocket Scientist to figure this out look at the stocks that have brought us to these levels they are not the recovery plays. In fact, they are the opposite they are stocks that tend to do well because of what we call secular considerations, not secular like nonreligious but secular as in they are doing well because of trends in their own industries, not the economy. Far from it. Allow me to explain. We had a magnificent v shaped recovery in the stock market, but the stock market is not a great reflection of the voter economy anymore. If anything, the actual economy is in precarious shape now that the government stim
Them safe as coronavirus numbers drugs. The one welcome to the Program Reach a figures in china fell for the 7th month in a row as the pandemic continues to affect Consumer Spending in the country where the crisis began purchases of goods and services fell more than one percent year on year in july thats worse than expected however the countrys industrial output jumped on you to 5 percent compared with last year the government has stimulus money into this sector to get it moving again. For more lets bring in Katherine Young of Fidelity International hong kong and our financial correspondent. In frankfurt bunkum to both of you catherine let me start with you Chinese Consumers still cautious whats behind that. Interestingly when we do look at the demand side of the chinese consumption story there are pockets which are in fact doing quite well so for example the also 6 especially the Premium Brands like b. M. W. Lexus seeing increased incidentals but as you rightly pointed out its not acr