Transitioning into something different. And its really that transition i want to use as i go through whats going on in the world at the moment. I hope you dont mind. But im going to take you around the world then im going to focus on another transition thats taking place which is affecting the Financial Sector at large. Five years ago, the Global Economy avoided what has since been called the Great Depression. Five years on, the journey is not complete. The bulk of the crisis is gradually lifting. And we can see that it leaves multiple new transitions that are at work. Two in particular standouts, its a new pattern of economic transitions as well as that Financial Sector transition that i referred to. Our job is to deal with crises. And were pretty used to it. Ebb and flow of the economic cycle, recession generally lasting for one year or two, sometimes a little longer, but not much. But this one is clearly a little unusual, if only at the time it takes to be resolved. And the transiti
Parttime because they cant get fulltime jobs, but if you dig down deeper, there is improvement there. No Economic Data here in the u. S. Tuesday, we are going to get a ton of data on housing. That is probably the best read, we will be talking about housing a lot today. We have carmax and garden restaurants. Summer starts tomorrow. Make plans accordingly. Watch the world cup. I dont know anything about it. We have the u. S. On sunday. U. S. Portugal on sunday. Are portugals stars not playing, right . Were null the . Ronaldo . Are you spreading rumors here . I am still in mourning over the red sox. I am in mourning over the rangers. How about a data check here . Futures are up fractionally. The market is grinding up, trying to get to record highs. Oil is the story, story, story. Shows an equity Market Performance well under. There is a touch on brent crude. Gold advances again. This as the challenges in iraq. There is the poundsterling. Go to the monitor. We look at the bloomberg termina
Today Constellation Brands, greenbrier that is train cars. A couple of items of note. California minimum wage rises to nine dollars an hour starting today. A couple of soccer matches. Switzerland versus argentina at noon. Coming are you coming echo i am going to try. The sony walkman turns 35. I cannot believe that. But does anybody have a walkman . I dont think so. July 1, a lot of movement here. It is hard to believe. We say it every year it flies by. The second half, finally. You are looking at equities bombs equities, bonds, currencies. Futures up. The euro is stronger, the yen stronger. The dollar weaker. Nymex crude staying at 105. 11. 57. The dollar index is a big deal. , breaking under 80. Index, at the blended dx this is one year you can see the many months just in a range area that we roll with recent dollar weakness. Range bound. How far have we been stuck . The second year. The name of your new dog, range bound. Range bound, come here. Our top frontpage story, bnp paribas f
Thats going to wrap it up for way too early. Morning joe starts right now. Heres a political announcement. A political announcement. I saw already this was like two days ago. Take a look at this. Hes been called an elitist. He vacations on Marthas Vineyard. He has been accused of ignoring the crisis in missouri and overlooking the concerns of the africanamerican community. Hell, i could do that. Paid for by romney, 2016. Good morning, everybody. It is thursday, august 21st. Welcome to morning joe. A lot to get to this morning. Boy, we do. On the front page of all the papers, we have got news that there was an attempt to rescue jim foley. We start there. The pentagon confirms that dozen of special operation troops unsuccessfully tried to rescue the journalist james foley and
other american hostages earlier this summer in syria. The captives were not at the targeted locations and foley was eventually murdered by islamic. People are very angry right now about not only about this murder. T
The Construction Industry, as a result, you saw the best growth. Also encouraging signs that were seeing, companies not only hired more people, they paid higher wages. Cleared that businesses have grown more confident. Of course, josh, with that grid lock in washington over those huge Government Spending cuts, well have to wait and see if that growth is sustainable. Josh . Well keep our eyes on it. Bianna. One day after threatening to launch a Nuclear Attack on the u. S. , north Korean Leader kim jongun was seen today touring his military facilities and inspecting troops guarding the border with south korea. The north has promised to retaliate for new sanctions passed by the u. N. One general even claimed to have a longrange missile standing by armed with nuclear warheads. Although experts agree north korea is not capable of that yet. While millions of americans shovel snow this morning, theres a new report on Climate Change. That is heating up discussion of the issue. Scientists confi