Election delay. Another wave, the u. K. In france report record daily virus cases. Good morning. Session volatile yesterday on wall street. Action, s p 500 futures are in the green. Flat on the year on the index. Alongside 50 up 0. 5 asian equities. Dollar index had a firm week, little change this morning, but we are up or the 1 , biggest weekly gain since april for the dollar. Nymex crude getting a lift, 40 a barrel. U. S. Equities, a volatile session fluctuated yesterday erasing this years gains briefly. The jobs data disappointed on top of stimulus talks. Dani burger is digging into it for us. Dani anyone trading yesterday is suffering from whiplash. We did get the s p 500 erasing yeartodate gains, and today it 0. 5 , unclear whether we will get that are not. We had converging forces between hopes for forces, poor jobs numbers, and new housing data that was optimistic. Thing that might comfort about what we saw yesterday, we are getting close to a correction. We need to drop 0. 8 on
Index to session lows in the final halfhour. Asian markets face an uncertain retention ofs want u. S. Actions. Meanwhile, hong kong braces for what could be the biggest protesting month as the City Government needs to discuss criminalizing disrespect for chinas National Anthem. Haidi lets get a look at the markets, which are being jolted by prospects of more u. S. China tensions, the prospect of these further sanctions from washington to beijing as well as Key Developments in hong kong as we get the second reading of this controversial bill as well as the expectations of more protests. Held by newg upside zealand markets. We heard from the annual testimony report there could be more mobility to the countrys Financial Institutions, hearing from the governor. Upside in kiwi trading at the moment. U. S. Futures stumbling. A little downside when it comes to trading in the futures on the back of the failure to hold onto the key psychological 3000 level for the snp, geopolitical concerns get
Helping the rioters . All that and so much more on making money. Charles another session, folks, market resolve amid a resolving day with covid19 lockdown stocks. Theyre actually losing ground. These are the real hot stocks that have been a big, this old school names, Energy Industrial names, theyre leading the way. This as the market continues to telegraph a economic recovery to be quite frank nobody on wall street sees yet. Each day the data becomes more clear. Things are getting better, including todays auto sales data. The big question whether the tock market, or wall street gurus, which one of the groups is is right . Lets bring in two of the best to see what they think about the market. Alicia levine and belpointe Market Strategist david nelson. David, well start with you. Were seeing all kinds of pretty good data, manufacturing data, surge in travel apps, auto data looking very good. Obviously helping the bull case. Is it enough inn your mind to help how strong the rally has bee
Has found itself in the headlines after 12 year old pupils were asked to imagine they were the parents of a victim of the 2017 Manchester Arena terror attack they were then asked to write an essay responding to the viewpoint that altera should be forgiven some parents were outraged i think this is simon is absolutely disgusting for all sorts of Different Reasons it seems to me to be brainwashing begins i have not let my daughter attend school today until i can find out more about what the school is teaching our children. The school has since apologized and cancelled the assignment we discussed the issues raised with political commentator and new York Observer calmness under walker and chief executive of the Ramadan Foundation u. K. Ahmed shafik. For a victims family to be able to have the compassion to forgive is a very personal decision but to try to change the narrative somehow the altera should be forgiven i actually think its really dangerous the idea that terrorists can be rehabil
Stocks are rocketing higher u. S. And china are returning to the table for a new trade talk s p 500 is less than 2 away from new all time high is everything awesome again, guys hi. That song is annoying. I got annoyed we danced to that it is your ringer steve and i it was a great day. Any who coo coo for cocoa puffs remember that . I think pete may have talked about it is the fact that the chinese tweeted this and it was not president trump. So maybe that changes the tune a little bit i think we are far away from the deal with that said, we do this thing at the plasma. I am not pretending it is bullish. Sometimes you can trade things within the framework of the market and last week, market in the the holiday and the market should rally you have seen the banks rallied. I still think we go lower and the vix is going to trade north around 30. I think thatll be the bottom of the s p 500. I wish i can tell you when but we are closer to it today. Remember what we said last week of all your p