We see the dow below the 50 day for the first time in awhile nasdaq hit that last week were off of the lows, 32. 29 maybe just ten tonights off of that the problem is not so much technology, but the reopening sectors. They are weighing on the s p if you just take a look energy, industrials, and materials. They have separate issues with suspicious trading activity. Not as they are notably week taed and this is another sign that the reopening story is not going as well as people anticipated. Remember the bucket thats we watched the market with. It is true there have been advancements with treatment and vaccine. The delays in the stimulus program, europe locked down is a worry. Concerns about the potential for the european lock down is there. As far as the stock market goes, we have been looking at valuations for a long time many people feeling the market is over valued but earnings overall have been improving. There is a lot of balance and debate going on. That happened on friday, nasdaq
Very, very, varied longtime. What does that mean for u. K. Asset . Strategistnvestment is joining us now. David, the u. K. Economic outlook is really bad right now. We have had a bounceback a little bit in the month data, but it makes grim readings. U. K. Asset pricing enough in terms of the downside . Dont think they are pricing enough bearing it was a truly terrible q2 gdp number. That was expected. At the moment, investors are taking some comfort with a decent pmi number for the u. K. Some of these monthly gdp data from the statistics have been revised up for june. After such a big decline, we are going to get a bounce in q3. We may get doubledigit growth in q3. For the headwinds are really significant. It is being massively underreported in the u. K. It has been a sticker shock for investors and for households and consumers from the furlough scheme. This brexit is still hanging out and never seems to go away. Alix what is the down lot what is the Downside Risk to the furlough . Is
An eye watering loss. Costsosses and rising mean bonuses are set to disappoint. We are seeing u. S. Futures flat. This, of course, after we had the regular session seeing record highs. At one point, topping the record reached in february before the pandemic. Every sector on the s p 500 was in the green. We have nikkei futures moving higher as we have the japanese yen under pressure. We have seen it fall against the u. S. Dollar for the past four sessions. Right now trading around the weakest in three weeks. In sydney, futures higher. We have the aussie dollar listed a little bit higher. We have a softer u. S. Dollar, not to mention higher commodity prices. We have kiwi stocks at the moment gaining ground after seeing the worst day in a month. This as we have rbnz expanding their qe program. Gains in the currency returns, commodity exports, unr holdings qnr holding steady. U. S. And chinese negotiators plan to discuss progress in the phase one trade deal. Pushing toset to be widen the a
Preparations committee worked on 2021 spending today, earlier they debated interior and Environmental Department spending which included several amendments, your congresswoman chairs the committee. Good morning. I called a meeting on appropriations to order. And before we begin, they require me to remind you we have set up an email address to which members can send anything they wish to submit in writing at any of our hearings or markups. The email address has been provided to your staff. First, consideration of the interior environment appropriations bill, fiscal year 2021. I will now recognize ms. Mccowan to present the bill. Good morning. I want to thank Ranking Member, for his strong collaboration of partnership throughout this entire process. Been a great partner from the great lakes and a little geography being social studies teacher, it borders with the great state of ohio, lake erie and in minnesota, we border on lake superior. Id like to thank all members of our subcommittee f
Testimony who heads the federal Housing Finance agency. This hearing will come to order. Room has been configured to maintain the recommended six that socialco distancing between senators, witnesses and other individuals in the room necessary to operate the hearing which we have kept to a minimum. Some members will be here and arpresent. The witnesses were here in person and others will be coming in by videoconference. I remind everyone once you start speaking there will be a slight delay before youve are displayeyou are displayedon theg in remotely to minimize background noise please click on the mute button until it is your turn mun to speak or ask questi. If theres any Technology Issue as usual, we will move to the next senator until it is resolved. I will remind all the fiveminute clock still applies. You should all have a box on your screen so those of you operating remotely will show the time that his remaining. After 30 seconds im going to try to remember to tap the gavel to rem