Yes, that is a correction. The dow down only 5 or 6 . That is not a correction. Jonathan correction emits massive rally correction amidst a massive rally. Tom i will get you something from tiffany. Jonathan i look forward to that. Data coming later. Lisa i am very curious to see with the jobs picture will be. To toms point, this is not a fullblown recovery where people are looking at a risk on feel in the markets. We will get the july job openings data, which is the leading indicator for jobs growth. Selling 35, billion of 10year notes. Also today, congress is taking a look at the u. S. China economic and security review commission. Very interesting to hear what the bipartisan proposals could be about legislation to potentially penalize china for transgressions. I really want to emphasize the bipartisan aspect of this. Youve got President Trump coming out against tiktok and wechat, and former Vice President joe biden coming out today with a proposal to levy taxes on u. S. Companies tha
Economy is slowly bouncing back straight ahead we take an indepth look at the moves of the nations central bank and its a future of volatility in the wake of copan 1000 remains uncertain gold has seen a spike in value as investors flee to state haven assets but what does the future hold but well get into that with a packed show today so lets dive right in. The Federal Reserve held another policy meeting wednesday as part of an effort to determine where to go with u. S. Interest rates and what it will take to get the economy moving again overall there was some positive news as members of the Federal Reserve board upgraded their forecast for the economy to show a smaller contraction in Gross Domestic Product and a lower Unemployment Rate this year fed chairman powell spoke about the outlook following the meeting. The recovery has progressed more quickly than generally expected and forecasts from informs the participants for Economic Growth this year have been revised up since our june su
Whats next in tech . And fedex has been on a tear during the covid19 crisis along with other transportation stocks. Will the gains continue after we get a vaccine . On the barrons roundtable, al root, carlton english and jack howe. Good to see you guys. Jack, i want to start with you on the market. Tech stocks tried to get a rally going, but they just couldnt pull it off. Well, monday and tuesday they tried to get that Party Started again, and then wednesday, thursday, friday they just kind of spent those days gent9ly pulling gently pulling down steadily. And its mostly tech stocks, right . Theyve led the stock market rebound so far this year, but the five Biggest Tech Companies are now in unprecedented 23 of the s p 500. How are investors going to get more excited about these same companies . The Economic News was soso. Retail sales grew not as quickly as they had the month before, Industrial Production improved, not quite as fast as over summer. The fed said the Economic Outlook is u
Hurricane laura nears the u. S. Gulf coast. Massive activations take lace for fears the storm could drive 30 miles inland, causing massive damage. Jobgermany extends preserving subsidies until 2021, as europes with this economy recovers from the coronavirus. This as the japanese official warns over a second wave. It has just gone 6 00 a. M. In london, 9 00 a. M. In the difc in dubai. We will spend a lot of time talking about specificity. [laughter] hopefully at got that right. Put it to you this way, the end is reallyael well anchored in the u. S. I see those as being the two risks if there is a lack of specificity. Annmarie you make a good point. It is clearly going to be center stage. Writes, theper dollar is the guest of honor even if it doesnt want to be. Can we see more u. S. Dollar unwinding . Of course, this is the bond market moment. It comes back to the conversation we had on monday with a great Bloomberg Businessweek satire speech. They said no, i stuff, jay powell. Manus exa
Abramowicz and tom keene. The first full week for america. We welcome all of you to our simulcast, Bloomberg Radio and bloomberg television. It is merger monday. Across the headline from verizon, they will buy track phones from america mobile for 6. 25 billion. It is like an afterthought this morning when you look at the frenzy to get out there and by revenue. Announced 60 minutes ago, if you have access to these Capital Markets and many people do, they have the money to go do it. Immediate fixed income picture, William Gross will join us at the bottom of the hour. We will get an update from the retired one. I want to talk to him about the financial repression. Lisa, that is a backdrop to everything we talked about. Anybody with yield after inflation is losing. They are falling behind every day. Lisa it is cheaper to borrow money and invest in anything else because it is so cheap to borrow. That is what is driving a lot of the frenzy. There is a question about how far can the financial