University, so you dont learn all the tough lessons of trading the hard way. President trump pushing republicans to do a bigger stimulus pack on toe help struggling families to help boost the economy. Will lawmakers listen . I will ask senator kevin cramer coming up. All that and much more own making money. Charles oops, it happened again. Yesterday the market surged as the Federal Reserve wrapped up. From would be whether wobbly to fullblown swoon. In this is not the first time it played out. When there are more winners than losers, happies because of the waiting system but it often triggers more selling and cause investors to sit on their hands. How do you buy stocks when the overall market is down but not really down . Ipo mania. Everyone is asking is it sucking some of the oxygen out of the rest of the market . The singlefamily housing boom, does it continue or too late to leverage your portfolio to this phenomena. We have a lot to cover. I want to bring in jared levy, paul schatz
The u. S. And china may Start Talking trade again. Beijing says the phase one progress review should happen soon. Alibaba offered more signs of chinas strengthening rebound. Shares jumped last quarter. The company says it is no threat to National Security. Lets take a look at our final friday session in asia. Sophie kamaruddin is half in hong kong. Green for are seeing asian futures on friday, this after the wobble we saw. We are keeping an eye on names like panasonic. We are keeping and i on a theme in japan, showing the dominance of quality stocks versus their value peers may have a bumpy road ahead. Torall, we could be looking end the week on a risk on note. Watching the terminal, we are looking to see if asia will track. Joint the slot punch joins the slump on softer chip prices. With that risk, the big jump in taiwans july export orders may be too backwards looking. Offer a more timely check. On the tech front, alibabas results showed improving Chinese Consumer sentiment. Shery he
Even home depot, which was great, is lower, as the whats next is the question that we have. With stacy witless, fw retailer advisors president. Also night one of the Democratic National convention saw democrats ripping it up President Trump with tough words from former First Lady Michelle Obama and bernie sanders. Let me be as honest and clear as i possibly can donald trump the wrong president for our country. He has had more than enough time to prove that he can do the job, but he is clearly in over his head. He cannot meet this moment. He simply cannot be who we need him to be for us. But let us be clear. If donald trump is reelected, all the progress we have made will be in jeopardy. And its most basic. This election is about preserving our democracy. Alix joining me now for more is wendy jennison, Bloomberg Politics editor. What was your biggest pic for tonight and how does that set us up for the dnc tonight . The biggest takeaway from last night was the effectiveness of Michelle O
Fed governor saying the fed is likely going to need to shift its Monetary Policy from a policy of stabilization to a policy of accommodation which means helping the economy achieve the level of growth that it has previously. Remaining low until certain Employment Outcomes are hit. A thick fog of uncertainty now surrounds the United States. She goes onto say the Downside Risk dominates the strength will depend on Additional Support along with Monetary Policy. She urges fed emergency facile tills to be as broadly accessible as possible perhaps a concern on her part that maybe some of the current facilities are not. Melissa. Does she sound much more pessimistic compared to other Federal Reserve Board Members . She does sound somewhat more pessimistic but the fed overall has been more pessimistic than the market this continues that concern. The concern about uncertainty that really has been a consistent note from fed chair jay powell but perhaps youre right, shes more pessimistic especiall
A way of life for a group of men in a society over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it here we are 2 over 49 years after going off the Gold Standard in 1971 which is a moral code and a legal system of its own it imposes a moral code upon the Economic System in terms of honesty and terms of distribution of wealth but here we have a system that 49 years later has become rotten the institutions have melted and disintegrated and we have people like our own senator here in North Carolina that senator richard burr who was caught not only dumping a whole bunch of shares 2000000. 00 worth after he secret inside information about the coronavirus but it turns out its even worse when senator richard burr not only engaged in obvious Insider Trading on the coronavirus after receiving intelligence reports on the looming pandemic but he also sold his townhouse to a farmer a lobbyist above market price for a tidy profit so