Zhang thinks this Old School Auto maker has a better grasp of the future than many give it credit for hell show you how to plug in with the right circuit breaker. And in this market, elmer fudd might have said, be very quiet, im hunting yield but theres always a pesky welcome ba wab wabbit to beware of. The Home Construction trade on fire this year with both the xhb and itb up double digits the rally comes as Mortgage Rates hit new lows and home bound americans tackle Home Improvement projects carter, what are the charts telling you . Well, the question is at some point is a lot or everything priced in. Its been a great area obviously we know the story thats been in the news about refis and Home Improvement and we know the earnings have been great. But at some point sometimes an area of the market is full, is rich i think thats the premise here. Lets look at a few charts the first is a twopanel all youre looking at is the Home Construction etf on the top. The bottom is relative perform
Well despite the fact that we speculative trading should be curved up, well see how yum china is doing but a muted debut so far here in the city. We are expecting a Bank Decision highly expected to stay on hold here today. Also with the ecb as well. Watching the euro very closely. Did gain yesterday on the back of a report that some ecb officials having a little more confidence in the recovery from this pandemic ahead of its policy meeting. Theyre likely to hold. Well see what they say about the strength of the currency. 118 for the zero dollar. Pound still under pressure here. Things like the seems like the e. U. May be take manager Legal Proceedings or measures here to stop the withdrawal from this deal that Prime Minister Boris Johnson has been play to play out here. Your indonesia rupia as well. Recovering a bit on concerns about the Central Banks independence. Government think ceying it was opposed to the plan of a monetary board being set up at b. Y. Well dig deep beer shah in a
Since the death of george floyd in Police Custody last month, we have seen nationwide unrest and protests not only here in america, but internationally. And weve also seen a certain narrative take hold. It starts with the assumption that the only way to properly view george floyd staff is through a racial lens. In fact all encounters with police and black suspects are increasingly viewed this way. Its a narrative that assumes the behavior of typical Police Behavior towards black suspects and shows george floyd as a black family man in america that have happened and happens to black people all the time. That they leave the house each day parade about a violent encounter with police. The media has run with this narrative, which faces very little pushback and very little skepticism. And it leaves us with the impression that the biggest problem facing black America Today are in fact the police. About Law Enforcement i is at te root of social inequality in america. And so, we find ourselves
A half percent. Another thing i am watching as the rnc tax policy. Toer this hour, we are going look at taxes and how they play into wealth inequality. We are going to do that with Dorothy Brown november university. First, economic data. Confidence, 84. 8, the market was looking for 93. Ist is a week number that a weak number. This tell us something about the stimulus debate, the employment market in terms of the present situation. That has weakened significantly from the 94. 2. The expectation number has weakened as well from 91. 5. We have an 85. 2 this time around. Newhome sales continuing to drive onward. The Housing Market showing no respite. Look at the lumber prices. Sales, 901,000. That is a 13. 9 permit very strong number. Consumer may be starting to show signs of weakness and concern. Lets talk about the market today. We have already indicated what we are seeing is stocks, global stocks continuing to push on very strongly. What is the excuse . U. S. Chinese officials holding
Quite good. Within the pandemic, it is a big deal. The news flow is extraordinary. But that was not a small item yesterday, that first failure of a phase three trial. Francine absolutely, and the next question is if we do have a viable vaccine, how many will take it voluntarily . We will talk about that in the coming days. Thats get to first word news with ritika gupta. Ritika joe biden says President Trump willingly lied about the threat of the coronavirus for months. The president ial candidate spoke after the president spoke with bob woodward after the president s conversation with bob woodward was revealed. He said he downplayed the severity of the virus in public to avoid panic. The book will be published this month. J. P. Morgan found some of its employees possibly received Coronavirus Relief funds intended for american businesses. Bloomberg learned the bank noticed a suspicious amount of money had been deposited into workers checking accounts. Some employees have been fired. J.