General Public Perception of economic growth, and the like. Romaine we saw it about two points off the alltime high. The dow jones also up 0. 3 . The nasdaq, 100. Scarlet we should mention as well let the russell 2000 did end up with gains, but has been a laggard. 10 below its record high, reached last august. Romaine dow transport is down a half percent as well, so another sector you tend to want to see join the party. Lets dive deeper into the market action. Abigail, get us started. Abigail the s p 500 almost closing at a record high, that during the day putting in on alltime high. Is 3000 a psychologically important level, or is it important for the technicals . We will tune into that at work 40. Lets look at the chart we have looked at since the beginning of june. He goes back to december of 2017 area there is a huge range. The bulls and the heirs bears are really duking it out. The s p 500 seems to be moving into this pattern, suggesting the s p 500 is confirmed for well above 300
Broadband be a polluted night sky . We will take a look at a looming debris problem. Facebook plans to create its own crypto currency is not getting love from u. S. Lawmakers area you can now add jay powell to that list. Project libra raises many serious concerns regarding privacy, Money Laundering, Consumer Protection and financial stability. These are concerns that should be thoroughly and publicly addressed. Facebook has a few billion users. You are looking at the possibility of a very broad adoption and if there were problems, they are associated and any oflaundering the things we were focused on including the company they would arise to systemically important levels because of the size of the facebook network. I think it cannot go forward without there being brought satisfaction with the way the company has addressed Money Laundering and all of those things. The number of concerns i listed at the beginning, data protection, consumer privacy, all of the things will need to be addre
We sowting to see what with the u. S. 10 year yields dropping. Slightlyrecovering, higher than 2 . Look at the boards, we will show what else you are watching out for. Of these Chinese Markets a little higher as well. We were watching for the treasury market. Gold up, 1 when it came to the strength coming through for the chinese currency. We talked about ticking down. Giving weakness to the hong kong dollar. About the fed . Seems to be a one trick pony. Kathleen hays with us. Deepening into domestic growth. Aware is jay powell leaning where is jay powell leaning . Domestic not just the economy, talking about rising tensions. The fed watching that closely. Inflation not only failed to meet the 2 target, it moved further away. With theaid, compared june meeting, since then, manufacturing, trade, Business Investment have all weekend weakened. He talked about the labor market. He was asked the question in this context, representative Carolyn Maloney of new york who asked. Did the june jobs
Broadband be a polluted night sky . We will take a look at an emerging debris problem. To our top story, facebook plans to create its own crypto muchncy, libra not getting love from u. S. Lawmakers, in fact, getting skewered. You can now add fed chair Jerome Powell to that list. Take a listen to what he told the Financial Committee earlier. While the project libra raises many serious concerns regarding privacy, Money Laundering, Consumer Protection and financial stability. These are concerns that should be thoroughly and publicly addressed. Facebook has a couple billion plus users. You are looking at the possibility of a very broad adoption and if there were problems, they are associated with Money Laundering, tariffs financing, any of the things we were focused on including the company, they would arise to systemically important levels because of the size of the facebook network. I think it cannot go forward without there being brought broad satisfaction with the way the company has a