There. Big stocks in apple and tesla giving back gains. Ibm gained more than 3 yesterday. Also cocacola up more than 4 being looing at u. S. Equity few you are its. Something to Pay Attention to. Dow futures down around 40 points looking at first of september, and all of july and august with spectacular gains. Looking at the treasury yields looks like right now 0. 654 . Those movements with he saw yesterday were interesting in terms of the rotation. As a general matter, those had to pull back they will have to have these pull backs the fact that the market can do okay on a given day is a positive doesnt change the fact that weve traveled at a steep angel here there is a jumpiness a late summer week heavy volumes. You are seeing all sorts crop up there is a Different Energy to the market 20 what has passed in 2017, 2013 not sure the implications but there is Something Different it is 6 01 in the morning here yesterday was called a gama squeeze. We dont want to get too mechanical in the
Can you see. T the Housing Market continues to thrive in the u. S. , Manufacturing Activity is recovering it jumped to a 19month high comparable data out of the eurozone and japan. Familiar names leading us up apple is up 5 market cap just hit 2 trillion earlier in the week. Its more than onetenth of the way to three trillion already. Incredible move for that stock with 59 minutes left in the trading day. S p 500 as we just showed you, up 0. 4 on pace for a record closing high speaking of apple, by the way, we have breaking news this hour on the companys fight with epic games. Josh so apple just responding with a legal filing the two epics charges. They alleged exactly the same things will all of the legal theories apple is saying here will fail as a matter of competition the motion will fail because they need to show the balance of equities and Public Interest are in its favor in fact, the factors favor apple. Apple goes on to say that epic knew full well that in circumventing the pro
Recovery fund. The agreement would be very bad not only for europe but for the markets. Ericsson tops the stoxx 600 as european roll out drives demand but the leader says hes worried europe is missing out. China has accelerated the rollout and it continues at a high pace in north america so 5g is happening at an increasing pace in the world i worry that europe is falling behind daimler shares accelerate as more cost cutting forces the carmaker to halt production of mercedes demand in u. S. And mexico as it reveals a 1. 7 billion operating loss for the Second Quarter the last dance for a lockdown growth shares plunge in extended trade as the streaming giant adds 10 million subscribers but warns growth will grow sharply to its weakest level in years beginning shortly, some comments crossing from the European Commission and she has effectively said that these stakes couldnt be higher and all necessary pieces are on the table and a solution is possible from her leadership perch hoping a de
Wave. S fears of a second the u. S. Seeing 16,000 cases a day. Hong kong in the third wave right now. All youll futures elevated. You are seeing a risk off move today. Focus on the chinese story. We are seeing a down day even when it comes to chinese stocks. We will see how this plays out. Lower by 6 10 of 1 for the shanghai composite. Asia had their best Weekly Performance in five years. The csi 300 large caps, ada percent of the index has been overbought. Thats the highest on record. We are seeing profittaking here today. Shenzhen, more of that robustness. The most overbought on record. That is still going higher by 1 today. It seems like the bond market is at mercy with this rally as well. Bonds at 306 right now. Yields falling. Bnp paribas saying that 10 year yield could rise to 3. 4 . We are watching other markets as well. Hong kong is a focus today. We saw a Record Number of local virus cases, the most since the pandemic began. They tightened distancing rose again. 150 points low
The other thing they are focused on is unemployment. The stimulus in europe and we wait to see what happens in the u. S. Alix the latest on twitter was gold or tesla reaches 2000. I covered gold back in the day and the coverage was google or gold at 2000. You dont want to miss this. His insight on u. S. And european equities as well as tesla. What you do before earnings . U. S. China tensions flaring up again. The u. S. Secretary of state mike pompeo spoke about the issue in remarks in copenhagen earlier today. We are setting clear expectations for how the Chinese Communist parties going to behave. When they dont, youre going to take actions that protect the american people. Alix joining us for more is kevin. What happens now . Are pushing back and they are saying in a statement from chinas foreign ministry, china condemns such an unjustified move which will sabotage chinau. S. Relations. Toy urge the United States withdraw its erroneous decision. Otherwise china will make necessary re