3386 is the number to watch for that s p 500 record close. 59 minutes until the close we have a big show coming up to day the s p 500 makes yet another run at that record close bob doll will tell us why he is expecting the economic recovery to be more choppy. And why hes cautious in the short term plus, gaming the impact of the dnc. Well speak with a policy expert who says this weeks Democratic National convention could be a negative for the market even though its happening virtually. Right now, were going to focus in on the big stories were watching to day. Bob pisani is tracking to days action we have the latest on growing tensions with china. And joining us with his outlook for stocks is tony dwyer bob, start us off with the Broader Market whats going on behind the scenes and whether you think we could see that record s p 500 close today. When you get this close within less than 1 he , you usuy can get over it. Were still not there. 3386 as you heard before is the old closing high t
Cut wall streets Immediate Reaction was pure suspicion. Oh, he doesnt have the heart in the rate cut hes not as worried as he should be hes being dragged kicking and screaming to this rate cut because things are weaker overseas, not here thats why the averages initially got hammered before the market peoplely came to its senses later in the afternoon. Dow only closing up 36 s p advancing 0. 03 and nasdaq declining 0. 11 . The u. S. Economy does have a lot of strength. It does. The rest of the world does have a lot of weakness so we got what pundits were calling a hawkish cut. Theyre so clever, meaning its the last rate cut or maybe the penultimate rate cut apparently that wasnt enough for some money managers. What do they want they were so disappointed they wanted to be surprised and wanted powell to tell us hes enthusiastic about easing and it will find a way to strongarm the others the bulls wanted Bill Belichick fed chief, okay. Lets get this done. Do your job chairman who wont let
The presidency, h. W. Brands looked at gerald ford in the context of the 19700s when he served as House Minority leader, Vice President and then president. Exploring the american story, watch with American History tv the saturdays on cspan2. And find a full schedule on your Program Guide or watch online anytime a cspan. Org history. Us tonight is mike buehler. He will introduce our speakers momentarily. Mike is president and ceo of Fort Mason Center for arts and and culture and a longtime Historic Preservationist. Prior to joining fort mason, he led stress historic nonprofit ss heritage. The he has worked at the los angeles conservancy and regional attorney for the National Trust for Historic Preservation. We asked mike to moderate tonights program because of his preservation work in both los angeles, the subject of tonights talk, and here in San Francisco. Thank you for being with us, mike. Welcome, and im goingin to hand the mic over to you. Thank you so much, francis. Its such a ple
A round of banks upgrade price target on facebook despite the social network spooking investors with its big spending plans. All right. Good morning, everyone. It is 10 00 a. M. Here in london 5 00 a. M. On the east coast. The s p 500 seen off by 4 points the dow jones seen off by roughly 10 and the nasdaq lower by 8. 6 points. Were higher for the second straight session closed out the highs of the day, the dow and the s p up by 0. 7 each. We were pretty much unfazed by the fed. Once again held by the rebounded in oil, Energy Stocks doing very, very well. I want to show you whats again on with European Equity markets. We are modestly higher no huge gains. Weve had so many earnings out this morning. By and large, they were better than expected. Jpmorgan saying the proportion of Companies Beating earnings estimates is the highest since they started compiling that data since 2009. Go figure. The xetra dax higher by 0. 2 the ftse 100 also up by 0. 3 . That means were good at revising lower
A warm welcome to bloomberg daybreak europe, our flagship morning show from here in london. Manus where waking up to her we are waking up to a complication of global risk, north korea bringing tensions to bear. The on markets are moving and this is the impact, 78. 02. The lower dollar or risks and north korea, the daily prophet says we need to start paying attention, gold is at 2017 highs. It is not just a technical move. Positions are the most bullish and 11. , the prime 12 hours minister of japan said this is a grave and serious threat. Launching the missile over japan. The markets seem to be rattled more than they were last week. Anna markets are rattled and the gold went through 1300 a troy ounce. Going onomething else with gold even if it is just about dollar weakness, to what extent does that matter if this is the driver, if this is happening in the gold markets. Lets put up the border risk radar. And other assets we are keeping an eye on this hour. That is not what it looks like