Thinking about over the weekend . Next week, which is going to be just gigantic we have everything from ibm, we will bookcase ibm on monday and American Express on friday, both will be challenging and i think they could determine things. Carl, i have to tell you, 8 30 santelli comes on and gives you that housing start number, then diana talks about how there are not a lot of houses. I sit here and i think the fed has done a magnificent job, what can they do . They can take rates down to the point where, yes, maybe jpmorgan doesnt make as much money, bank of america certainly doesnt, but people are buying houses and thats whats been working in the stock market this week is the housing trade the lows, the home depot the deere small tractors, that stuff has been flying off the shelves and thats exciting. It was not, of course, the cloud, saas stocks and cybersecurity. Theres always a bull market somewhere. Right weve been taking note of all the upside reannouncements today. Today its daim
Me, it was a real pandemic overlay. This is serious stuff. You can bring it right over to the urgency in washington on the stimulus, where yesterday, just as everyone pretty, there was a panic, and maybe they jumpstarted those talks. Francine yes. Just so you know, the subscription model is actually that you buy for disney , and you dont have to buy each time. We will have the experts on that. Lebanon was, already on its knees. This will just push it further into difficult territory. Lets get straight to the bloomberg first word news in new york city. Heres ritika gupta. Ritika the pictures are incredibly intense. That explosion at a warehouse in beirut was felt miles away, and field hospitals with casualties. Reports are at least 100 were killed and some 4000 injured. Almosts government says 3000 tons of Ammonium Nitrate was stored in the building, but they are not saying whether the blast was caused by an accident or an attack. The white house and democrats are trying to strike a dea
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
I would not be surprised if we were seeing a 1 down move. Futures lower earlier. Silver higher. Stocks might not be doing much but some of the frothy money seems to be going to the precious metals. Silver up a fourth day in a row. Not surprisingly the dollar down for a fourth day is helping. Itll be interesting to see whether than the dollar index can hold on. A sleepy summer day. Tesla will be reporting after the bell. David except for silver. Abigail is focused on the silver question. Thanks to that report on the markets. A breaking headline the bloomberg. The chump the Trump Administration are reportedly weighing in interim unemployment deal that may extend the Unemployment Benefits even if they cannot get the stimulus deal done. Well be talking with republican senator from ohio they are in the program. We will ask him about that. In the meantime one of the biggest questions facing the country is how and when to open our school system. We want to talk to the leader of one of the Lar
Project and Republican Voters against trump are using guerrilla tactics and clever ads and then they already be making a big difference this year. We are thrilled to have one of those leaders of these efforts, who has decades of experience as an active voice in republican politics, originally as the Vice President and Communications Director and later with her own Successful Communications firm. More recently, sarah has served on the board of all cabin republicans, but became a never trump her in 2016. She is now the executive director of Republican Voters against trump as well as republicans for the rule of law. She has also headed up defending democracy together, which advocated for trumps impeachment. To help us out, we are really honored, im so happy to have you, a very good friend, political analyst, susan to host and moderate this conversation. Susan is a new yorkbased republican strategist who has advised dozens of candidates in new york and elsewhere, including Rudy Giuliani fo