Fed will look for. You have retail sales and they are in positive territory, but the rebound is slowing. How do they digest the data . Catherine a lot of people are looking for whether or not the fed will alter the economic rejections. They have been very limited. A downside perspective for the u. S. Economy and some people are saying the data is more positive. Optimistic, is too i think the fed will not upgrade their forecast because the data coming in, everyone expected to be a balance, but there is a loss of momentum, and if we take a broader perspective, it is fragile. Guy so, september we get the summer of Economic Predictions updating us into 2020. Do you think we will see the average. Moving higher quest average dot moving higher and rate heights hikes being priced in . The market is not set up for that. Guy there is no prospect for any rate hikes. That has been clear and put forward in language that is uncontroversial. No rate hikes, at all. The market may have interpreted aver
Pelosi helping a little bit. She was sounding a little more optimistic on stimulus in the united states, the s p trading down by 0. 9 . Tech is underperforming a little bit, but we saw a lot of call buying yesterday. The pound is recently is reasonably well bid. Big day tomorrow, as Boris Johnson speaks to ursula von der leyen. We are expecting a u. K. Briefing after the eu briefing this afternoon. Crude off of its earlier lows. Now down only 4 . Alix part of that may be, as nancy pelosi speaking earlier, says the trump diagnosis changes the dynamic in the stimulus talk. Stephanie kelly joins us from Aberdeen Standard Life investments, their senior political economist. How does it change the dynamic in stimulus talks . Stephanie it is kind of tricky because if you look at the nature of these negotiations, it hasnt is been republicans debating with the democrats. It is much more around President Trumps desire to get fiscal stimulus, and certainly in light , this diagnosis could shift th
Positive signs on the economic front as the u. S. Nonmanufacturing index expanded and treasury yields breaking higher today much more on that move in just a bit. 59 minutes left to two in the session, and the dow is up more than 400 points. Thanks, sara. Lets get to the big stories we begin with amon javers. Reporter we dont know about the president s condition at this hour, but we know about his intent at this hour. He is ready to go home he has been at Walter Reed Medical Center since friday evening, and hes ready go he said, i will be leaving the great Walter Reed Medical Center today at 6 30 p. M. Feeling really good. Dont be afraid of covid dont let it dominate your life. We have developed under the trump administration, some really great drugs and knowledge. I feel better than i did 20 years ago. That came in the hour in which we were told we would get a briefing from the president s doctors explaining what his condition is exactly its not clear whether the president is preemptin
The u. S. Has already delivered , but jayscal support powell says the economy still has a long way to go. Early doors. Bars and restaurants in the u. K. Ine crackdown amid a surge the virus. Boris johnson is set to announce new restrictions today. Just gone 6 00 a. M. In london, annmarie, you mentioned that yesterday had the potential for new restrictions and it would be delivered. It is official. At 10 00 p. M. Annmarie thats going to be it for pubs and restaurants. P. M. Ave to leave by 10 00 Boris Johnson set to sound the alarm on this today. I do think its as loud as an alarm as many expected. Im in bed well before 10 00 p. M. I dont think this will change a lot of peoples habits, but it is a start of potential restrictions as we do have that are rate increasing in the United Kingdom. I watched a number of challenges yesterday afternoon. Ands about tests and traits the robustness of the testing system. In dubai we are able to walk out the door within 16 minutes of the hype i can pi
As they transition. Why not just pass these few targeted essentials to keep america going and get through this difficult pandemic period . Why not . Jon do you have a deadline for these negotiations in mind . Larry no, i do not have a deadline in mind. I am not speaking for the Senate Republican conference, but i do not think mr. Mnuchin or mr. Meadows or President Trump has a deadline in mind. President trump has said numerous times he will go further than some people in the senate. I think that has always been a slightly encouraging position. We are willing to do business. You larry, can i say thank and i apologize for my persistence but i think these are important issues. Larry as a former broadcast anchor, i understand the business and a professional is a professional. I salute you. Jon larry kudlow, thank you so much. Send our best to the white house, the president and the first lady. David from bloomberg World Headquarters in new york, i am david westin, welcome to balance of pow