Now. New data points to a sluggish economic recovery as payroll, points in the beige book shows a modest increase in activity. 59 minutes until the close were set to have another record highs for s p and nasdaq up 1. 2 on s p 500, sara its utilities leading the way higher for a change. Coming up on todays show, Galaxy Digital back to weigh in on the rally as it carries over into september were going to ask where hes putting money to work right now. Weve got an interesting mix of earnings coming your way after the bell, including work from home like cloud strike, those are hot, hot Cloud Companies Apparel Company pvh and well talk to manny tirico, calvin klein and Tommy Hilfiger mike santoli tracking Market Action as always Steve Liesman with new highlights from the feds beige book joining us to talk tesla and pullback were seeing is craig irwin from roth capital. Mike, start us off with the market every group is higher except for energy you do have utilities and real estate and health
Power lunch starts now welcome to power hundred mp. Its a record day on wall street the s p 500 notching new highs when tyler mentioned the dow and nasdaq are in striking distance. The nasdaq about 13 points away from that mark kelly. All right thank you very much. For more on whats sending stocks to new records today, lets go to bob at the New York Stock Exchange bob. Three things that are really mattering right now. Number one, trade talk optimism. Number two, the Federal Reserve cutting likely for the third time this year, this week and finally the Consumer Holding up well i think the Consumer Holding up is the key to all of this. I looked at the earnings calls for the 40 of kpacompanies that are reported so far, very clear. The consumer is holding up well and theres no concerns about a recession in 2020. Richard seeing the capital one ceo. I think the u. S. Economy and consumer is in pretty good shape. Me echoed many bank ceos that i heard saying the same thing. As for recession co
And louisiana congressman whip Steve Scalise on the new immigration rules coming out of the white house and Energy Secretary rick perry. The president promoting turning natural gas into plastics, you dont want to miss any of those fine gentlemen. Lets take a look at the market, futures pointing to low e open this morning, 86point loss on dow futures, losses across the board after bruising week last week and bruising start of the week with dow shedding 390 points, Goldman Sachs issuing warning on trade, does not believe u. S. And china will reach deal before 2020 election, treasury yields tumbling in yesterdays selloff amid global worries, trade fears, you take a look, 1. 3 , i said this yesterday, 1. 3 is the record low on 10year treasury, we are not far away, jon, your reaction with what really started last month in terms of a trade war and now currency war . Jon worried that we could be heading toward a recession, i was looking for confidence calls yesterday and youre starting to see
We heard police cars and sirens and thought. Then another one, then another one. And then i came to the gate to have a look, and, you know. There was, like, ten, 12 police vehicles. For a while, there was concern more people could be hurt. It happened just after children had been let out of the village primary school. We were notified about 3 25 by the police that there had been an incident on main street, and a text was immediately sent out to all parents to advise that they were to bring their children and selves back to the school site. Where the police car is is where the man was fatally attacked, and its thought that the dogs belonged to somebody who lived in one of the houses there. Locals have told us that the same animals were involved in another incident back in march, in which a Woman Walking her pet dog was chased inside one of those shops there. When looking at the number of People Killed by dogs, in 2021, there were five deaths in england and wales. Last year, that numberj
15 rebound over the past three days. Orl 2018 bring more gains the traditional new york new year hangover . This or market focus on news of a trump tax gain . We are less than half an hour away from the start of european trading. Lets take a look at where we stand and what we will be doing. Lets take a look at the fair value calculations around europe. The london market looks at it will open in positive territory. It looks as if we will see some weakness coming through in some of the continental markets. That is what the bloomberg is kicking out. Lets show you what is happening on the gmm. The gmm is interesting in terms of what it will be showing us. Lets talk about why china sold off this morning, that was interesting. The rest of asia had a positive session but china was down at the close by 1. 5 on the 300. It was interesting to see the consumer end of the spectrum. Also showing signs of weakness. The chinese currency on the move overnight to keep an eye out what is happening. Lets