This comes as regions across the country allowed for more businesses to reopen and with an increase in Consumer Spending well President Trump wasted no time celebrating the government report and took a victory lap as he said the recent number proves the countrys economy is roaring back todays announcement proves that our economy is roaring back its coming back extremely strong all coming back coming back faster bigger and better than we ever thought possible these are the numbers these are not numbers made up by me these are numbers and as i said you are going to have a fantastic 3rd quarter it will be the 3rd quarter the likes of which nobody has ever seen before in my opinion. And the good thing is the numbers will be coming out just prior to the election so people will be able to see those numbers the 4th quarter like was will be extremely good and maybe most importantly from the standpoint of our country itself next year will be. Stuart year next year is going to be an incredible y
The very best in the future and delighted in the knowledge that well be seeing him stauchoften. Having established and shown us how its done, on and offscreen, youre an example to us all, particularly the younger members of the onair talent like myself and courtney bill, thank you. You know, when the stakes and nerves are high, hes a mentor thats taught so much to so many of us, both directly and indirectly while his career cant be topped, bill also taught me to look at life as a threelegged fool, work, family and friends, and faith. Hopefully, weapon fi find a newc here with his new position as anchor at large. You know what he would be doing, he would be telling you that we have 59 minutes of trade, and in record close watch. Here is whats driving the action this afternoon. Stocks hitting record highs once again with the s p 500 poised for its straight fourth week of gains. Boeing weighing on the dow of troubles raise new red flags for investors. And Consumer Staples leading the char
General Public Perception of economic growth, and the like. Romaine we saw it about two points off the alltime high. The dow jones also up 0. 3 . The nasdaq, 100. Scarlet we should mention as well let the russell 2000 did end up with gains, but has been a laggard. 10 below its record high, reached last august. Romaine dow transport is down a half percent as well, so another sector you tend to want to see join the party. Lets dive deeper into the market action. Abigail, get us started. Abigail the s p 500 almost closing at a record high, that during the day putting in on alltime high. Is 3000 a psychologically important level, or is it important for the technicals . We will tune into that at work 40. Lets look at the chart we have looked at since the beginning of june. He goes back to december of 2017 area there is a huge range. The bulls and the heirs bears are really duking it out. The s p 500 seems to be moving into this pattern, suggesting the s p 500 is confirmed for well above 300
Family Office Accounts Corporate Accounts various manage money accounts is over 100 trillion just sitting there looking for something to preserve wealth and that something will be increasingly big coin well says. Everyone agree with out. There on there im getting the standing ovation now wherever i go people throw flowers. And they think me profusely now but still i question is looking out is that trust let me share. Mine because gold has always been a safe haven during times where nations are de globalized and where they dont trust each other and that is when people turn to gold and now people are bigger institutions and nations might be turning to big coin but on the individual level where there retell hers. And operates one thing you see over and over and you saw that with you see it with Elizabeth Warren and what they do is they mention that its a rigged system. And gold are ways to escape that rigging the manipulation and system rigged towards a particular participant in that syst
A segment with invesco chief Global Market strategist Christina Hooper is the ultimate safe haven trade she says that might not be too far fetched well certainly there are a lot of safe haven trades and ive heard some strategists argue in fact that bitcoin is a safe haven trade or perhaps an indicator that were very close. I think that might be a sign of fears about recession but but certainly it makes sense in this environment that we see investors looking for safe havens but i do think its a mistake with the fed signaling its willingness to be a lot more dovish right well the main idea of decline is safe haven 1st talked about on this show few years ago as being the ultimate safe haven better than gold to be a safe haven and that a lot of money moving into big going was the result of safe haven funds risk off money when the risk in stocks of bonds gets too high theres a risk. Off feeling in the markets and institutional money starts looking for safe havens becomes a safe haven this t