Plus tiktok continues to tick in the u. S President Trump gives his blessing to oracle and walmart buying a 20 stake and shares of electric truck maker nikola tumbling after a firm accused the company of making, quote, an ocean of lies. Jim, theres going to be a lot to process, not just today but all week long. We have 14 fed speakers during the course of the week and powell three times well, look, powell is on the side of those who believe you should be a buyer. Its pretty clear that powell does not want things to collapse a stimulus dealdeal that seems like a thing of the past were down off of something no one understands. Maybe uk lockdown. Thats not us. Maybe madrid lockdown not us this banking story so emamorfs in other words, what im saying is weve been down for three straight weeks, carl the big faang stocks are down double digit this is when you start thinking maybe there is something to buy. Its been so bad for so long and everyone is watching and these things are really going
I cannot underscore enough the originality of what was being accomplished yesterday, francine. I was sitting there with michael mckee, and his press conference question was superb. They are all dealing with what to do with inflation at no aggregate demand. It is a fascinating time. Francine we will have plenty more on that, but now lets get to first word news in new york city with ritika gupta. Ritika President Trump has slapped down some of his top health officials. He contradicted them at a news conference, saying that a Coronavirus Vaccine could be distribute it widely to the public by as early as next month. Cdc director Robert Redfield told congress that the vaccine would be distributed in the second and Third Quarter of next year. The president called those comments a mistake. At least one person was killed and hundreds were rescued after Hurricane Sally came ashore near the floridaalabama line. Heavy rain swamped pensacola, florida, and other cities in the region. Sally is now a
Allies will enter technical talks to establish a plan to avoid any such action Stephanie Decker has more now from istanbul. That announcement by nato secretary general came shortly after a Conference Call a video call that was held with the turkish president also the foreign minister here and Senior Security officials with the german chancellor Angela Merkel of course germany has been key in trying to mediate between the 2 sides trying to get the 2 sides to start negotiations what you have now according to u. N. Stoltenberg as you said an announcement saying that the 2 sides have agreed to start technical talks this has to do with a de confliction line if you will when it comes to their military assets in the Eastern Mediterranean because the sea is so heavily heavily militarized at the moment you have turkey continuing life fire exercises until september the 12th you have greeks military fleet you have other countries with the minute you fleet there as well so the potential for any ac
Boris johnson concedes a veto to parliament over his plan to illegally override the brexit treaty. Slumped after accusations of fraud by a short seller. The selloff deepens even if the company rejects the report. Good morning. Welcome to the program. Lets get to breaking news across the bloomberg. Capex andto go to the eu car sales. European collar sales falling 17. 6 in august after a 3. 7 drop in july. This is the story that we are essentially tracking. Europes car sales setback stoke fears over annual drops. This headline was written by our colleagues at bloomberg news. 18 slump snapped a three month streak of improvement. The result may indicate that subsidies are shortlived. We have seen that improvement coming through. Whether that has been a shortlived experience rather than showing underlying resilience, we will have to see. These numbers are not so good. We will watch the automakers as a result of that. Acrosso to the picture European Equity markets. The futures picture. We ar
Quotes that were in that story including fox news which had been the president s go to Television News network a channel that had really supported his presidency it seems up until this year it is worth noting that during a Late Afternoon press conference the president again did not like those allegations that he has been at any time disrespectful of those who are in the u. S. Military i just want to tell you its a disgrace because you look at what ive done for the United States military i love those people ive gotten them pay raises when they didnt get anything near what ive been able to do and ive rebuilt 2. 00 trillion dollars every build the United States military and now were including space force nobody has done more for them and then when i have to have a report read like that from a 3rd rate magazine thats not going to be in business much longer i look at that and i think its a disgrace and what raised a lot of eyebrows during the president s comments is his suggestion that john