12, maybe. And jpmorgan says dont give up on nikola. Thats ahead we start with the markets. Dom chu has that for us. Weve been on either side of the unchanged line well call these markets stable. Weve seen some fractional gains and losses fractionally to the down side. A quarter percent to the down side for the dow the s p off a third of a percent. Similar moving for the nasdaq composite. Key level to watch for the nasdaq, 3401 at the highs of the day, we were up 19 in the s p and down 18 at the lows a good amount of symmetry with regard to the trading range today. A hot part of the market is the Cloud Computing industry this etf, ticker clou, has been a massive upside mover up another 1 today. Record highs for this etf and again since the pant lows wep lows, were talking about a 116 gain one other place to watch in terms of the stock, l brands, price target upgrade by analysts at jpmorgan, that stock was given up for dead quite a time ago. Up 87 almost a twoyear high this is victorias
The moon right now. We will do that in a moment. But it is allencompassing, this political battle in washington. I am just going to go to the round number. How do you explain to 30 million americans that there is not a check in the mail . Jonathan you cant, and that is the problem. Insurance. Employment payrolls friday, the unpredictable print, and i think the most unpredictable in quite a while. Lisa politically, it makes no sense not to extend the enhanced lemon benefits, and yet they are still negotiating. They have already expire. What i am watching is how big the deficit is going to get area the u. S. Treasury department is going to be laying out there barring plan deficit is going to get. U. S. Treasury department is going to be laying out there borrowing plan. Watchingso going to be President Trump. Sorry, i am going to talk about tiktok. Hes going to give guidance on u. S. Ate of tiktoks operations. It is not enough to offload the u. S. Operations. President trump is also the c
Earnings results and a price of oil. Gold, topping 2000 and so you have gold topping 2010 same time, european stocks gaining so it is a risk off mood, high volatility for the month of august. The 10year treasury yield, steady near the lowest since march. There are signs american lawmakers are making progress on an economic aid package. Lets get to the first word news in london with laura wright. James the white house and democrats hope to have a deal on a new relief package by the end of the week. Sides remained far apart on key issues that they appear to be moving closer to an agreement. Any vote on a deal would likely not happen until next week. U. S. And china are planing to assess their phase one trade deal this month. Sources tell bloomberg the discussions between trade representative lighthizer and the chinese vice premier will take place around august 15 amid a backdrop of rising tensions between the two countries. And u. K. , lawmakers are urging Boris Johnson to be more open a
Joe, the big story is oil prices once again im ready to move out past june move out where . June is too close if we are not going to open anything up, no reason to think it will be anything different than minus 38 a barrel it is related to the price of gold and the price of a suit, so i should have been buying andrew, you are spending 10 times what you are on a suit with those hugo boss things. Which none of them have belt loops for 4,000, you could get a couple of belt loops no hugo boss. It is ralph. Ralph who oil prices, it is not funny. This is out of the realm of anything weve ever seen brent crude only a 20year low you look at wti or what may was before the contract rolls. It is incredible supply shortage spiked overseas. The u. S. Movement, wtis june contract the price giving up earlier gains. Up 11 see, im ready to move to september. August at some point what does this mean for the saudis youve had your picture taken there on a sand dune youve got a feel. They should have done
Contraction than anyone realized , and the statistics on this pandemic are not all that good, are they . Francine now, they are not great. We have that horrific figure of 2 Million People infected worldwide, however we are seeing the u. S. , germany, and others thinking about relaxing the rules. It is different in japan where they are talking about a state of emergency. Today, overall the initial claim tally is said to push the fourweek total to 22 Million People without a job. We will spend time talking about that, and we have a headline from apple. I just got the air pods. Apple plans over a year headphones to bolster business working from home. Tom we have seen apple with product announcements including the smaller i found in the last lasturs, iphone in the 48 hours and they are separated from the collapse in smallcap. Right now, here is viviana hurtado. Viviana donald trump will unveil today plans to relax stayathome guidelines and suggests the coronavirus is flatlining in parts of