That really has been down to currencies. The dollar index is up at the moment, but if you look at it over 24 hours, actually, its down by. 3 ,. 4 percent. One of the main beneficiaries of crown weakness has been strength. Sterling has been propelled about 1. 5 in the last day or thereabouts. The dollar weakness has been felt with the yen also moving to the upside. Theres another reason we are seeing upside on equities in japan. Gold not a major beneficiary, though it was at oneweek highs at one stage after the dollar was sagging earlier on. Thats a look at markets. Lets head over to tom. Tom lets get you up to speed with some of the other first word headlines. The Trump Administration is ramping up tensions with china once again, designating six asnland Media Outlets foreign which it says are controlled by beijing. They include the economic daily, which provides a look at beijing economic news. The Administration Says all six are substantially owned or by atively controlled foreign gov
Month of september, strong Consumer Sentiment numbers to go along with them. And later, gilead pushing back after the World Health Organization says the drug remdesivir does not prevent death in coronavirus patients. Weve got the latest details as power lunch starts right now thank you, ty. The markets are marching back after a few down days. Dom chu has more on whats moving decent sized gains but off the high of the session. We are up 243 points with the dow at the highs of the session, up roughly 348 points. You can see there, yes, still strong gains but not nearly where we were earlier in the day. The s p has reclaimed that 3,500 mark, the nasdaq only up about one third of 1 . The leadership in terms of the s p 500 has been in one week industrials and technology, both up nearly about 1. 5 meanwhile, the biggest laggard off nearly 2 is the real estate sector some of the stocks to watch with regard to covid vaccines and everything else, pfizer shares, possible vaccine for emergency us
Amazon also boosting, well, going up, of course, and apple, man, youve seen them both over the last day and this morning perhaps no exception, later today, we get the apple phones, prime day has kicked off, carl it is a big day. And as it was for yesterday, in terms of the stocks. Indeed, were within 2 of all time highs on the s p, trying to get back to the september highs, jim but i wonder if you think the lead this morning are these loss provisions at jpmorgan. I am surprised positively i think what has happened is people arent spending, not borrowing, credit card losses, fine Small Business loans, i dont know where the people are that theyre not suffering. This is it is not a happy maybe jpmorgan is lending better i will say this, david noticed this, there will be a call that goes on, simultaneously when we talk about it, and that call is going to take the wind out of our sails, david, if we Say Something really positive because there will be one comment and some comment that comes
Slightly as the drugmaker did say it will seek that approval for an emergency use for its vaccine by late november. As carl mentioned, wall street looking to snap a threeday losing streak. September retail sales delivering a big beat. Futures up this morning. Carl david and leslie, a couple of things working in the bulls favor today. Three days down. A little bit of room to bounce back on the upside, david. But futures were slightly negative, then we got that open letter from pfizer, saying that we could be looking at potentially a request for an eua by mid to late november and retail sales with that blowout number for the month and year on year the figures, david, reflect a consumer that has put together a nest egg during the course of the summer, and that is continuing to provide some momentum for the consumer. It is funny, i go back to that interview i did with david berman of maybe six weeks ago already, but somebody who tracks retail sales, more closely perhaps than anyone. And in
This is the one business show you cant afford to miss in washington coming up. Relief talks in the United States have stalled once again while Global Markets surge ahead of a busy earning week or to break it all down plus the o. E. C. D. Says just proposed digital tax could cause a yearly decline in global g. D. P. Well dig into the details and a later just so much our thanks and against Chinese Telecom giant huawei affecting the companys ability to do business worldwide were going to bring you expert analysis we have a packed show today right in. And we lead the program with the latest in the ongoing stimulus talks here in the United States after the white house increased its stimulus offer to over 1. 00 trillion dollars on friday the package received. Heavy criticism from republicans and democrats casting doubt that Economic Relief would be coming to americans any time soon now the white house offer includes expanded Unemployment Insurance of 400. 00 per week stimulus stimulus checks