Of the covid tunnel. Two down, two to come, Johnson Johnson and astrazeneca. Thats the main reason for the big monday morning rally with the dow jones up about 450 points. Tao, 30000. If we gain 500 points the dow jones is at 30k, again in a one half percent. Smaller game for the s p and nasdaq slightly lower. That is the market. Love the rally. Hate this of violence. Trump supporters attacked in washington dc last night with tens of thousands rallying peacefully, but after nightfall violence. A limited Police Presence and virtually no mention about this in the Mainstream Media and so far no statement from the biden harris camp. Bernie sanders now says he has not met anyone who wants to defund the police. Has he talked to aoc . Editorial, the company ministration deserves credit for the Rapid Development of the vaccines. Republican states like florida deserve credit for opening their economies to get the country moving forward and democrat governors in new york and california and elsew
An eye watering loss. Costsosses and rising mean bonuses are set to disappoint. We are seeing u. S. Futures flat. This, of course, after we had the regular session seeing record highs. At one point, topping the record reached in february before the pandemic. Every sector on the s p 500 was in the green. We have nikkei futures moving higher as we have the japanese yen under pressure. We have seen it fall against the u. S. Dollar for the past four sessions. Right now trading around the weakest in three weeks. In sydney, futures higher. We have the aussie dollar listed a little bit higher. We have a softer u. S. Dollar, not to mention higher commodity prices. We have kiwi stocks at the moment gaining ground after seeing the worst day in a month. This as we have rbnz expanding their qe program. Gains in the currency returns, commodity exports, unr holdings qnr holding steady. U. S. And chinese negotiators plan to discuss progress in the phase one trade deal. Pushing toset to be widen the a
Expiring ones. The dollar index in weakness, 1200 right now and continues to slide down over the past four weeks. The dollar moving average 200 day the lowest average in recent weeks. Citi says looking at a 30 possibility that gold will get to 2000 an ounce in three to five months. Stocks rebounded yesterday after slumping 5 . China up 1. 3 , turnover has receded from its highest levels since 2015. The hang seng up 1. 6 , biggest increase since july 6. Tencent adding 5 . Alibaba is the one to watch, surging 5 . Ant financial look at where we are in terms of the Southeast Asian markets. China up by 0. 5 . Sti up 0. 7 . Theaad we also have European Union leaders running a policy marathon as there planned two day meeting to pass a massive Recovery Fund. In the u. S. , republicans and democrats are starting to hammer out a budget plan this week. Our policy editor Kathleen Hays is with us. In both cases, agreeing on a we are getting some murmurs of an agreement. We certainly are, and we kno
Fed president Robert Kaplan this hour. President trump orders chinese to shutdeo app tiktok down in the u. S. Next month unless there is a deal with microsoft or another leading american company. Breaking news out of south korea. The cpi numbers for the month of july year on year, a growth of 0. 3 . This is of course after inflation remains flat for the previous month year on year. We have seen somewhat muted demand. Perhaps weighing on the month on month numbers. We are seeing inflation at zero growth. This really missing expectations that prices would rise 0. 1 if also inflation is decelerating from the previous month of june. Core cpi take out oil prices, and you get a rise of 0. 7 , in line with estimates, and slight acceleration from the previous month. We have seen brent crude prices recover somewhat from aprils slump but still down 38 year on year also. The are also expecting tokyo Inflation Numbers within the hour so take a look at what japanese futures are doing at the moment.
Is falling, so does the s p. Caroline Second Quarter is beating on an adjusted earnings per share basis. Revenue, also a beat. The chipmaker is accelerating the product transition, they say. Revenue, 75lyear million dollars. We are managing to get some clarity from businesses in terms of forwardlooking guidance. Romaine hersheys was one of the big over today, up 6 . Even if the guidance does not necessarily meet expectations, the idea that they have some clarity definitely emboldens some folks. Of course, intel right now down about 4 . A lot of folks looking deeper into these numbers and apparently you are as well. Taylor key headline, that they will be accelerating the product transition. That is what they need to do to remain competitive against amd. I know that analysts, particular where looking to see how you maintain that competitiveness. A lot that could be within that 10 nanometer product transition. We also know that apple has been announcing their own chips, potentially hurtin