Im Carl Quintanilla with Morgan Brennan and jon fortt from various locations. Dow session high was up 378 on a very busy day for earnings Consumer Confidence tumbling this morning a twoday fed meeting that begins, morgan to tonight we will get a look at starbucks, ford, alphabet, and other major companies. I think peter at Advisory Group hit the discussion, noting the reasons the markets had been optimistic, the rallies in recent weeks, improved testing capacity, hopes about treatments and vaccines moving forward, all bolstering some of the reopening plans in places like most significantly in the last 12 hours, texas plus what is essentially, speaking of the fed meeting, unlimited central bank support which is the key reason youve seen the s p come back it early october 2019 levels, but also, he notes that the economic envoorlt and how thats playing out in treasuries and high yield, the collapse in crude as well, is a very different scenario and given that fact and all the uncertainty
What are we doing . Interesting but smart leading the feds beige book. Leading with beige. Check in on regional economies is telling two very different stories. How we are adjusting to the trade war. On one hand the beige book highlighting a retail chain that raised prices on furniture but is considering reversing the price hike because consumers arent buying it meantime, in cleveland manufacturers are feeling the pain by cutting overtime pay rather than laying off workers things looking up in philadelphia and new york. This is like a choose your own adventure book choose your own beige book. Are you allowed to do that . Is the economy headed down the path of new york and cleveland or are we Holding Strong like philadelphia and minneapolis . Gia dam uy adami. Ill be optimistic. Things look okay, not great. Thats reasonable. I think that along with the news out of hong kong where things have been tapered down for a couple of days, thats encouraging. The market is up 3 4 of a percent, 8
David faber at the new york stock change well talk about the move and impact on tech, media and m a. Feet futures are up well get housing data in an hour and yellen speaks tonight the Justice Department sues to block the merger with time warner saying it would hurt competition and result in higher prices for consumers at t says it is breaking with decades of antitrust precedent by blocking a merger of companies that dont directly compete with each other. Well talk to the lead attorney in just a few moments. As you heard stevenson say, the suit defies logic and erat cal departure from decades of antitrust precedent. It is surprising even now, that we have seen the lawsuit and weeks leading up to the possibility of it. Remember when the wall street journal first reported the possibility it could be blocked. Many people were like, what, really when this deal was announced frankly, action on the antitrust front was way down the list of potential risks and yet here we are with a case coming
See the front pages of the papers online on bbc newss website. It is their seven days a week. And if you miss the programme in evening of the week you can also watch it later on bbc iplayer. From me, and my guests, goodbye. Sportsday coming up. Hello. This is sport today, live from the bbc sport centre. We live from the bbc sport centre. Have had six fa cu matches we have had six fa cup third round matches tonight. Both are into the fourth round. Lincoln left it late against ipswich. It looks as though we would have extra time, but in injury time, as the National League leaders set up a fourth round tie against brighton, ben croucher report. For One Night Only the Centre Of Attention they added the bank, home of lincoln city, the fa cup seeming like an ancient relic. Nick mccarthy said they should have won at first. Though they could not have said they should not have lead after the woeful showing. The Ipswich Stopper was at his best. 59 places between them, you wouldnt have known it.
See the front pages of the papers online on bbc newss website. It is their seven days a week. And if you miss the programme in evening of the week you can also watch it later on bbc iplayer. From me, and my guests, goodbye. Sportsday coming up. Hello. This is sport today, live from the bbc sport centre. We live from the bbc sport centre. Have had six fa cu matches we have had six fa cup third round matches tonight. Both are into the fourth round. Lincoln left it late against ipswich. It looks as though we would have extra time, but in injury time, as the National League leaders set up a fourth round tie against brighton, ben croucher report. For One Night Only the Centre Of Attention they added the bank, home of lincoln city, the fa cup seeming like an ancient relic. Nick mccarthy said they should have won at first. Though they could not have said they should not have lead after the woeful showing. The Ipswich Stopper was at his best. 59 places between them, you wouldnt have known it.