Sure, the data is torturing us. Its a simulcast, Bloomberg Radio, bloomberg division. Jon ferro preparing for arsenal liverpool monday. Jim paulsen here on the equity markets. Lisa is focused on 3 00 p. M. Monday afternoon. Jonathan i was just shocked about how kind you were being to me at the top of the hour. Lets get to the turnaround in this equity market. A bounce off the low. In europe, still down hard on the equity benchmark in front ridge, germany in frankfurt, germany. The banks in europe are down for a seventh straight session. It is a tough ride for the financials when the outlook to the economy is not looking good, and the outlook for Interest Rates is just low for a long even longer, given what we have seen in the last couple of weeks. Tom its got to be a major theme into q4. That goes to the energy here on new york wall street, and how banks and global wall street may be will right size into the slower economy. Lisa and how do you write size at this point, given the cuts t
Still at home, eating out less, working less then before covid19. The economic fallout is putting pressure on lawmakers to get a new stimulus deal done, but so far no agreement has come from d. C. Europe still feeling the pain. Now it is a new hotspot for coronavirus cases, surpassing the u. S. Six months into the pandemic the recovery feels so far off. On an objective level standpoint, we are a long wait from the employment way from the employment levels we were at precrisis. The pace of job growth in particular, more evidence that is slowing down. This is every week of unemployment claims since the crisis began. If you look at the last five aeks, we stopped improving on sequential basis. These are high numbers. Over 800,000 per week, well higher than the precrisis level. We want to see them come down. Evidence that people are suddenly going back to work. Not showing up by this measure. This feeds into the general idea of consumer sentiment. That Bloomberg Consumer comfort index comin
Tensions. You really have more of the same. Tech outperforms. One jobless claims around million. Rates grinding ever lower. Still fears surrounding the coronavirus. It feels as though this market just has a complete disregard for warnings coming from the fed, warnings from u. S. China relations . And rates refuse to go up tech outperforms. You can have a situation where value outperforms. We saw that briefly in june. Or you could have a market that actually goes down. That does not seem to have. Instead, we go back into this one very specific group of mediocre growth. Caroline at the beginning of trade, we were a bit worried. We saw the reading on the philly fed. The ceos being asked the key question of caution. Ofare looking at a blue line what is current outlook. In six months, may be a little bit of an improvement. It looked pretty dire. It was a mess. Bloomberge had the Consumer Comfort Index data came out. One of the folks that works behind the scenes here, dan curtis, pointed thi
Consumer statement is breaking right now. Let us get the details with mike mckee. Little bit better news. Consumer sentiment is up a little bit from last month. The preliminary michigan numbers come in at 72. 8. There was an expectation that it would slip given everything that has been going on. We have seen an increase in expectations and the current level. Is 80 2882. 5 and that 82. 8 and better than what was expected. Level rises, and it had sharply declined last month but people are feeling better about the economy right now. Sales . Hat about retail we are still spending a lot in certain areas especially on ecommerce. Guy nice shoes. Alix thank you, i am glad somebody notices. Compared to last month it does not look as good. Mike the numbers did not come in as expected, but the trend is dead, a slowing during the month of july of 1. 2 after an eight point 4 rise the month before. 1. 9 down,mber at the retail control group, 1. 4 after. If you look at the june numbers, and retail sa
11, Vice President pence will arrive in Washington State to meet with the governor and local Health Officials and they will talk about new relaxed testing protocol allowing any doctor to recommend a test and increase testing capacity, 400 samples can be tested per day in Washington State, now that university of washington has gotten involved. In slow virus, Many Companies tell their. Ies to work from home, through the month of march. Among them amazon and microsoft, between them have over 100,000 worker in the state, also, state and local leaders consider how far they should go to cancel events and large gatherings. All nonessential convened Large Group Meetings will be canceled through the end of march. Reporter a large gathering is anything more than 10 people. Individual schools are closed for a day or two for cleaning, one district closed all of its schools and will begin teaching remotely monday through next two weeks, they call it a transition from the classroom to the cloud. But