Then walmarts answer to amazon prime, we will give you a breakdown of what is included an whats not and finally, white house chief of staff mark meadows will join us live, we will talk stimulus, covid19 and the unrest across the nation thats happening toward the top of this hour and you will not want to miss that. Carl kayla, david, guys, everybody is taking stock of the journey we have had not just in august for stocks, but for the past five months, the dow best fivemonth gain since 2009, for the s p the best five months since 1938 and as we said at the top, david, we are heading into historically the worst month not just in general, but especially during election years, september and october have averaged negative returns and we will talk to mark meadows about politics which are increasingly going to be part of the picture here yeah, no doubt. I think you heard it with the last guest who appeared on squawk box at the very end of that show. We are entering what conceivably could be a
Swapping out pfizer for amgen. Raytheon youll hear later today. The largest oil and gas company with one software play dropping a respected drug company for a descent biotech . Kicking a defense contractor to the curb for an industrial if it makes you scratch your head, youre not alone these changes had enormous impact the dow dipping 60 points and the s p dipped and nasdaq gained 6. 7 in all honesty, these moves made a lot of sense they bring the dow closer to the reality of the new cone economyt the memory of the old. Before i delve into each trade, there is an aspect of the dow like the king to the s p 500 Prime Minister same t simultaneously more prestigious. Only included the dow because i had old investors regarded as the most important benchmark we live in the efts of trillions of dollars and whatever name gets swapped in, there is a gigantic wave of buying and selling. The dow has little money invested in etfs its a big deal if you work for them because this is an exclusive clu
France 14 percent and spain 19 percent the bank of england has already warned that the recovery could take until the end of 2021. Or more we are joined by peter schiff of Euro Pacific Capital and shawn hyman of the logical investor gentlemen thank you for joining me today sean lets start lets lets dive right into this with the u. K. Economy here were talking the 6 largest a common enemy of the world can we expect continued recovery leading into the fall when coronavirus cases may rise again. I think theres still a rough road ahead for all you know their finance minister had gone on to say that theres going to be a lot more job losses for many more months still to come the bank of england recently also said that they think that it will take until the final quarter of 2021 before their g. D. P. Really recovers like it should and so i think theyve still got a tough road ahead of them their stocks are a little bit overvalued but not near as much as ours are over here so really the opportun
This is the one business show you cant afford to miss. In washington coming up the u. K. Crash into its deepest recession on the record. How it compares to other rich countries around the world Precious Metals are finding their way back commenting on to the can they return to the old record highs have a lot to get to lets get started. On wednesday britain officially entered a recession as coronavirus lockdowns hammered the countrys output well the office for National Statistics show the countrys g. D. P. It plunged by 20. 4 percent in the 2nd quarter of this year this is its deepest recession on record this comes after a dramatic fall in output of 2. 2 percent in the 1st quarter of this year while the Country Statistics Agency compared it to an annual rate of about 59. 8 percent and u. K. Chance to knock said although these are hard times theres still room for hope and were talking about this a few months ago hard times were coming and todays figures show the hard times that here hundr
Stayathome to save the birds of london. That is a good thing to say. It is the strangest august, and the only litmus paper youve got right now is the weaker dollar, the preponderant trend this morning. Francine yeah, weaker dollar. Im also looking at a couple things. When it looks at iron ore, it is significantly up, and we are looking at gold. First lets get straight to the bloomberg first word news in new york city with ritika gupta. Ritika Michelle Obama describes President Trump as unfit for office on the Opening Night of the democratic convention. The former first lady blasted him from his handling the pandemic. Worthen 150,000 people have died, and our more than 150,000 people have died, and our economy is in shambles because of a virus that this president downplayed for too long. Trump isbama said that clearly in over his head. President trump added a trip to iowa to his schedule today. Support has been slipping in a state that he won in nine Percentage Points in 2016. Polls sho