Is there more pain to come or a real bottom anywhere in sight . Trade tensions still in focus as the Chinese Central Bank does something it has not done in more than ten years. Well tell you what that is on this thursday, augustth as Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Im Brian Sullivan you are watching Worldwide Exchange. Thanks for joining us. These crazy, volatile markets have shown no signs of slowing down yesterday at this hour we were calm then stocks began to sink when trading began. The dow continued to fall, at one point off 550 points but then the buyers, they came in in the afternoon. The dow ended the day dow 22 points, posting one of its greatest point turnarounds of all time what will happen today lets look here is how your money and investments look futures are mildly higher. Dow futures up 21 points but this time yesterday futures were basically flat. All of a sudden
Well, good thursday morning and welcome to squawk alley. Im Morgan Brennan with david faber and mike santoli, live from post 9 here on the floor of the new york stock exchange. Carl and jon are both off this morning. Stocks are staging a recovery today. S p coming off its largest comeback since december of last year on pace for its Third Straight day in the green, but is todays rally sustainable or is more volatility ahead . Key question for investors joining us now is Wells Fargo Asset Management multiasset strategist, brian jacobson, and invesco, vice chair of investments, krishna mumani. Krishna, ill start with you what do you think . More volatility ahead . I think volatility is to be expected in a stock market thats dealing with lots of issues but at the end of the day, the real question is, where do we go from here . And as the economy stabilizes in the second half and trade issues dont get exacerbated further, the markets are probably going higher rather than meaningfully lower.
Across the united states. You know, city leaders, whether you are in a city, town or village are uniquely situated. What do i mean by that . In the state of the union you have National Media do you have congress and its all about trying to score partisan points. But, in the state of the city its really talking to constituents, connecting with them about what youve done and about what you are going to do. I will tell you another place where we are uniquely situated. We see our constituents every day in Grocery Stores and in our places of worship and in everyday areas like the ywca and sometimes they just show up at city hall, whether they have an appointment or not because they want to talk to the mayor. Guess what . We talked because that is what mayors and what city leaders do. This year i gave my eight state of the city address. I will tell you, we have gone to doing this as a ted talk because quite honestly it got so long and i got so tired of reading it and they got tired of hearin
This is about an hour and 40 minutes. Good morning and welcome to the National League of cities. It is my distinct honor to bring you greetings on behalf of the board and the staff of the National League of cities. We are excited about this presentation this morning, as we discuss the state of cities across the united states. You know, city leaders, whether you are in a city, town or village are uniquely situated. What do i mean by that . In the state of the union you have National Media do you have congress and its all about trying to score partisan points. But, in the state of the city its really talking to constituents, connecting with them about what youve done and about what you are going to do. I will tell you another place where we are uniquely situated. We see our constituents every day in Grocery Stores and in our places of worship and in everyday areas like the ywca and sometimes they just show up at city hall, whether they have an appointment or not because they want to talk
Mr vice chair. The first order of business is i dont want road called commission members. Please respond when i call your name commissioner kino present commissioner drew present. Commissioner scott press it, madam. Present. Chair bracket is absent. Commissioner bracket is absent and other members of the commission our president , mr vice chair, we have a quorum. The next order of business is item two announcements. The next regular meeting is scheduled on tuesday, september 5th 2023 at one pm be announcement of prohibition of sound producing Electronic Devices during the meeting. Please be advised that the ringing of and use of cell phones, pagers and similar sound producing Electronic Devices are prohibited at this meeting. Please be advised that the chair may order the removal from the meeting room of any person responsible for the ringing of use of cell phone, pager or other similar sound producing electronic device. See announcement of Public Comment procedures. Please be advised