August and a different first of september that has transfixed the nation. In the markets, there is no question i am looking at a weaker dollar today, a profoundly weaker dollar. Text still lifting. Francine the weaker dollar also giving a lift to commodities. A full roundup of the asset classes. To the bloomberg first word news. Ritika President Trump President Trump claims a man arrested for killing two people in wisconsin was acting in selfdefense while simultaneously criticizing the killing of one of his supporters over the weekend. Joe biden flipped to the republican slogan that nobody is safe in joe bidens america, he said the president cant stop the violence because for years he has fomented it. J. P. Morgan chase says investors should prepare for the chance President Trump gets reelected. The bank took a look at polls and estimates there could be a shift of up to 10 points from democrats to republicans if the protests turn from peaceful to violent. The pandemic has created tons
From Home Software stocks. And tech continues to lead, apple, netflix up 4 it is walmart the top performer in the s p 500 were going to dig into that one. Record close watch 59 minutes left to trade. That meat and potato and delicious gravy joke from tyler. A bit of an inside conversation between the two of us today. Of so apologies for that lets have a look at what is coming up along with the meat, potatoes and gravy the ceo of labcorp joins us. Florida is severing ties with quest diagnosics and walmart upping the stakes with amazon announcing the launch of the prime competitor well discuss with the former head of walmart u. S. And a food giant bets into the biotech game well speak with the ceo of nest nestle bet with a peanut allergy treatment. Mike santoli is tracking the action on this first day of september. Josh lipton is focusing in on apple and what could be the next catalyst for that stock. And phil lebeau has details on teslas Share Offering we have another tack on rally. A l
1 outperforming up a full point. 75 10 year yeild nearing basis points out of safe haven treasuries. 2 . Ollar up approach torelaxed inflations. We will seek to achieve inflation that averages 2 over time. Will achievecy some time. R prof, what do we still need to know . It was powerful and important. Not trying to. Low the ecomony down experienceecade of unemployment. We will take more of a back seat. It even overshoot inflation . Fed wills where the go. Before weation down get to the 2 . Is hot . That is what they arent going to tell us. They dont want to be constrained. Rt japan. Ference countries acted too quickly. Of gdp and is going much higher. Thatdont want to get in situation. Thatwant to go higher and means we will get to the 2 average, which might mean target. N above the 2 are you concerned valuations are getting too extended . The fednk some of it, liquidity support was important to avoid the market disfunction. Sell treasury securities they will sell everything they can.
Another day another case of president ial coronavirus misinformation. Today President Trump suggesting without any evidence that a vaccine could be ready by election day mom optimistic that it will be. Probably around that day. I believe well have the vaccine before the end of the year certainly been around that date. Yes i think thats contradicting Government Health experts who say a vaccine likely wont be ready. Until the end of the year at the earliest my projection which is only projection is that somewhere towards the end of the year. The beginning of 2021, we will know whether we have a safe and effective vaccine trumps claim the latest Wishful Thinking from a president who has repeatedly made false and misleading statements about the pandemic is going away now it will go away things go absolutely nuts said you know my mind it will go a doctor fauci also contradicting that prediction was long as you have any member of society any Demographic Group whos not seriously trying to get
Couldnt help over at the table that what they were offering us was sophies choice. Not enough money for food not enough nothing for housing in terms of rentals a moratorium thats nice but its not money. For rent. It not enough money for money in the pockets of the American People who really need this who through no fault of their own. House Speaker Nancy Pelosi talking about how desperate people are in this pandemic to get that stimulus money from congress but after 3 hours of talking yesterday they could not reach a deal know the deadline for a new stimulus deal with today. The whole thing appears in limbo right now little chances, daryn mention of any kind of bipartisan agreement least before this. Weekend begins John Lawrence has the latest from washington. Talks about the stimulus are in a stalemate Top White House negotiators say big roadblocks remain after thursdays 3 hour meeting with Democratic Leaders were willing to stay engaged. But i can tell you the difference are still si