Saw on friday, you got to remember that this president doesnt want stocks to go down he wants stocks to go higher and thats how you get a day like today where the dow gained 270 points and s p claimed and the nasdaq pole vaulted to 1. 23 trump knew things looked bad after fridays sell off. He decided to Say Something positive and turned things around did he call them did they call him there was a call people, thats beside the point. On friday the president took a harsh stance talking about boosting tariffs and demanding American Companies leave china immediately. He says the chinese called him willing to negotiate that was enough to give the market lift even though were getting conflicting reports about what happened. The peoples republic has officially denied anyone called trump. On the other hand, trump got two calls because the chinese are desperate and knows he has the upper hand who is telling the truth i got to tell you, i was amazed how quickly most of the media rushed to decide
Merger deal with pfizers generics unit. And disney domination. The studio breaking an alltime record for annual box office earnings, and of course, it is only july. So, theres a lot for investors to digest this week with stocks at record highs. Jim, coming off of those on friday, you were out, but a lot happened good to have you back. Thank you the starbucks calls kind of the emblematic of what happened this quarter. Starbucks had run big. So you had to figure, no matter what, how could it really move then it goes up big dollars because its better than expected, better than feared what were seeing are companies that we were worried about because stocks have run, and then the stocks do okay. So, this is a short sellers dilemma. Lets say youve been betting against companies because you truly believe theres been an earnings deceleration. If earnings just stay in line, the stock flies. If earnings are a little bit below, the stock doesnt do anything. Right. So, theres just this kind of bid
The euro is trading lower, we had the ecb yesterday, down. 1 . This is the dollar versus the rent, but when it comes to the dollar versus the rand, moodys, the last country to have an the last company to have an Investment Grade on south africa, this Investment Plan doubles the investment to appropriations to that company, could end up being credit negative. A big move on the south african rand. Slowing in the First Quarter, but not as much as analysts expected, with the headline number for consumer spending, pushing gd pregrowth gdp growth to 2. 1 . Discuss here to discuss is our chief bloomberg u. S. Economist. Core pce was disappointing, and the deflator as well. That definitely tainted the report slightly, but what i think is most important at this point, the economy is growing above trend, right . Bettercent growth is than the feds long run estimate of 1. 9 growth. If you are growing at that pace, that tells you although there is not strong pressure on the economy, you will see Un
Than a fewp more percentage points. When you look at the s p 500, we are not close to oversold conditions. We are not elevated but when you look on an aggregate basis, we are below that line where people start to get worried about a potential for things being too overenthusiastic. The major indexes have recovered, the s p gaining 1. 7 . Last week, it had declined. Were back on the slow glide higher. What are you watching . Asked fed next wednesday and i am thinking about bonds, 10 year yields in particular. The 10 year yield the last four weeks it has closed down three out of those higher three out of those four weeks. Bonds are sliding into the fed, perhaps making the case that the rate cut is priced in. This is a longterm chart. You see the great bond bull market. There is two different trend channels, the 10 year yield bouncing off of the higher when. , ithe tenure you hold 2 suggests that any rate cut or future rate cut may be priced into some degree as this happened in the past wi
Unofficial results show the militant group and its allies winning more than half the seats its being seen as a victory for hezbollah iran. And the man whos held power in russia for nearly two decades today. Get sworn in six more years of mass protests over the weekend. Is inauguration. Hello im terry martin welcome to the program a trial is underway on the greek island of les pauls for dean prosecutors accuse him of people trafficking and say hes a criminal but he started a charity in twenty fifteen to help those fleeing the syrian war and says he saved thousands of lives well talk to the correspondent covering the trial in just a moment but first this report. By many hes seen as a hero in two thousand and fifteen. An intrapreneur from denmark decided to change his life. I saw the picture of i go like shocked to this after i was sitting on the plane on the way through. The photo of the three year old syrian boy made global headlines lying dead on the beach after drowning in the mediter