And, you know, lie some more. Pelosi releasing deceptive videotape editing clip of adam schiff witnesses to fit the narrative that President Trump abused his power. The videotape, however, ignoring the the fact that all of those witnesses i failed to offer any such trect evidence. Of left plays their partisan games President Trump is celebrating another banner years in the oval office boosted in large part by his booming economy. The doug and s p 500 both reaching new record highs today and new reports shows wages for the typical worker in america risingng at fastest rate in more than a decade Consumer Confidence is high. And unemployment stands at its lowest levelel in half a centur. 3. 5 . The president also enjoying strong support of his Republican Party who now see impeachment as way to retake the house if from the radical left during next years election for the latest on all of this lets turn now to or correspondent rich edison in west palm beach, florida. Speaker pelosi says afte
Declines. And the fed has two new nominees including judy shelton who has called on the federal bank to cut rates as soon as possible just to bring you some final composite pmi numbers for june across the eurozone, theyre in at 52. 2 against a flash number of 52. 1. Slightly higher than the may number, 51. 8 that flash pointed to a strong expansion in the private sector of the previous six months weve seen that upward trend as services hit a high. Back in may, they were 52. 9 and 53. 4 in the flash for june they have come in slightly higher than the flash. The june final services new export businesses pmi at 59. 4, higher than the flash of 48. 9, not significantly better than the may final. Nearly back up to another 50 mark the the euro dollar is slightly weaker on that news we can see if you look at the european markets generally, you see a relatively positive day. Trading more then a half percent higher now if you look at the individual markets, you can see where that is coming from
Stocks have added to gains since all of that news started to come out. People asking whether fridays low was the bottom joe, what do you think is it going to hold . I cannot give you the answer to that thars a good thing secondarily, the fact this is just an equity correction and not a portfolio correction doesnt present the risk to global synchronized growth thats very important. Is the worst over yes yes. That doesnt mean that we dont test it. What we see when we see a big spike is significant spike like this one we shorten the time frame because of the speed i dont think we go back there ill be surprised if we can push back into the low 30s because were not just with moves like today. Youre 1. 4 . Youre not in the 30 volatility range. In other words, i think a lot of folks that needed to get protection grabbed it last week. Some at really bad prices. Some hopefully kept their hands in their pockets and didnt make the bad decision youre a buyer of stocks and a number of different one
But its a phone call with chinas president that has tons wagging. What was said about north korea and its Nuclear Ambitions . Weve got adam shapiro following all the action at the United Nations and National Security experts john hanna and larry korb on the big signal that u. S. Defense Company Stocks are giving that show fear about north korea is real and palpable. Plus, cisco, it turns out screamed out the warning but qibble fax didnt follow ciscos lead. It was cisco that discovered a major security flaw, ended up exposing telling equifax and then equifax not showing and exposing the details of 143 million americans. Cisco executive chairman john chambers, well talk to him about that, Online Security, Silicon Valley, and why hes walking away from the company that has been his home for decades. Yes, that announced just today. And on wall street, its a new week and the bulls are back. The hat trick once again in range. New intraday records for the dow, s p 500, and the nasdaq. But can
The vix go the answer might surprise you. Its time to risk less and make more the action begins right now. Lets get to it because the number of big banks kicking off earnings season next week, jpmorgan, citigroup, bank of america, and wells fargo all set to report. The Options Market is implying some sizable moves for these stocks the numbers are all right there. Take a look. This as the sector hits its highest level in ten years today. How do you play it lets get in the money mike, youre looking at jpmorgan why . First of all, this company is the best of the sector for sure. But the important point is that weve seen volatility has been exceptionally low. Weve seen the market rise up until today, basically in a record stretch it would be very difficult to go into earnings at this stage, after the run these things have had, without trying to mitigate the risk by using options. Theyre not that expensive im going to get to the trade and we can talk about the banks in a second. But im just