Anchor alibaba investors headed to hong kong. Under threat for the covid19 resurgence, the Unemployment Rate will jump in the next two months, and the republicans launch their National Convention on monday, with a new poll that suggests their supporters like the economy and the government handling of the coronavirus. Lets get a quick check of how the markets are trading, up 2 10 of 1 , this, of course, after we had another rally on friday session, the nasdaq gaining 4 10 of 1 . Data,e plaza positive and a record in july helped by chief borrowing costs. Homebuilders lead that round in the s p 500, which was up for a fourth straight week. We have seen really records for the s p in the last week, and the sector that gained the most ground was tech. In the moment, Holding Steady after gains on friday, but we trend, down around 10 since the march i. Taking a look at what oil is doing, reversing some of the losses we saw on friday, above 42 a barrel at the moment. We saw it pare back the wee
Superb compared to america, and frankly, many other countries. Can you feel that in the nation . Is the nation aware of the success of that . Feels very different, i have to say, tom. Bringing them down is one thing, allowing them to spike up in the first place is another. And a lot of criticism around the govern how it handled the initial stages of the outbreak, and in particular the care for the elderly, allowing it to take off the way it did in care homes. Tom it is interesting to see and we will be covering this throughout the week, from Johns Hopkins university as well. This final week of the summer in america, late labor day, september 7. So it is sort of an odd and to the summer at least here in america. Right now on monday, here is ritika gupta. From recovered patients will be expanded to more sick americans, access to the promising therapy even before we fully understand how it works. The Financial Times recording that the white house is considering crosschecking the Oxford As
When you get Companies Like jp morgan, wells fargo up 2 , 3 . I pose this question back to liz ann sonders. Talk to me about the health of the consumer. I know that they dont like the extra low rates. , auto loans,s credit card rates at zero, to the banks then get some hope that they could lend to what is a healthy consumer . Liz ann they can still land. The question is the sustainability of the health of the consumer. There were great fears that we inld see a big rolling over consumption. The is probably because of savings cushion. That was maybe not quite accurate given what happened with the complete shutdown in the economy. 19 or so per that has been nearterm. I think that is on the assumption we get a phase four fiscal plan. The concern, during the period receivingloyed were the spending was significantly more in relative terms than the spending of the employed cohort. The move down in savings i dont think lasts in patootie, especially if we dont see improvement on the job games f
It looks at how much your asset appreciated and the fact that you can only pay tax on what remains. David you will pay a Capital Gains tax, but it will be inflationadjusted. The president says that will create a lot of jobs. Why would it . Laura economists dispute that point and say it does not do much for Economic Growth and incentivizes old investment, not new investment. In terms of the jobs and when economists model this out, it is mainly. 1 for the long run. David how does congress feel about this . Congress gets to decide about taxes. Is there support for this move at least by republicans on the hill . Laura there are some republicans that supported this. Ted cruz has been putting the Trump Administration to do this. This is not political really viable this is not politically viable in congress. You look at joe bidens tax plan, it would double the Capital Gains tax rate. The president saying he is seriously considering this. If he has the power, why doesnt he just do it . Laura i
English premier league along with a spat with the u. K. , all reports prius president xi jinping could close the u. S. Consulate in showing do. Tension and political Mitch Mcconnell good unveil a gop plan opening up discussions with immigrants. Cost cuts assifies it sees a considerable slump in economic output. Confirms its diagnostics unit. Units from unilever coming from across the wire. What are you seeing . Anna we got the numbers from unilever. Lets get to the story in london. Unilever with underlying sales, down. 3 , but better than the market anticipated. The estimate was for a drop. 3. 89 . That is a good number for the underlying sales story. They were telling us about what they plan for their tea business. They talked about moving it on in some way. Now with a that will hold they will hold on to some of it. They are retaining the tea businesses in india and indonesia and interest in the ready to drink tea joint ventures they have, but they are telling us the operations they w