Charles evan calls for credibly important government stimulus. Australia heads into Earnings Seasons amid the first recession in decades and a virus pandemic that is crippling the economy. It promises to be one of the most challenging periods on record. Here is how markets are trading. We are seeing u. S. Fewer sugars u. S. Futures under pressure. We had ask leading u. S. China tensions fan yelling fanning the data. The bloomberg dollar index flat at the moment. This after a fifth consecutive weekly decline that will be the longest losing stretch since january of 2018. The offshore yuan is flat at the moment. This after the yuan led declines in asian currencies. We have President Trump moving to been tiktok and we chat. Hang seng futures down to tense up 1 . Under pressure from the last two sessions. It is a thin trading day. Singapore and japan are closed. We have a china data blitz that could be confirming the recovery we are seeing. We have ppi numbers. Not to mention retail sales a
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
Good morning, everyone. Its friday. Were glad youre with us. Its been quite a week for this country. Quite a week. Its framing what is going to be ab intense consequential months ahead. Lets get started with five things to know for this friday, august 4th. Sour, defiant, we have new reporting this morning about Donald Trumps State Of Mind after he was indicted for the third time in four months. The former president proclaiming his innocence and accusing the Special Counsel of leading a political persecution. Also new overnight, democratic lawmakers want to watch the trial. They want a judge to allow cameras in a federal courtroom. The July Jobs Report will come out. A key number for the fed. Also this morning a reenactment of the Parkland High School shooting. As part of a lawsuit against the officer who failed to enter the build whg a gunman killed 17 people. Two sailors under arrest and have been indicted for allegedly sending sensitive Military Information to chinese Intelligence Of
Larry. Hello, folks. Welcome to kudlow. Im larry kudlow. Panic over 100,000 person rally in wildwood, new jersey, and bad polling for joe biden is sky high. Well ask senator eric schmidt about it all in just a few minutes. First, our own interpret Edward Lawrence live at white house on the mr. Bidens problems on the economy. What you got, edward . Reporter yeah, exactly. The latest fox news poll, larry, shows that twothirds of the voters are saying the economy is getting worse and 6 believe its saying the same skin creased prices since President Biden came into office played a huge part and 62 say grocery priors are a major problem about half sagas prices are a major problem and 37 say housing 47 say housing costs is a triple whammy for families that hear President Biden misrepresent inflation. Two times the president said inflation was 9 when he came into office. Is he misinforming people or does he not realize it was 1. 4 . Thank you for the question. The factors that cause inflation
You so much. Bring in former arkansas governor and 2016 president ial candidate, Mike Huckabee and president of americans for tax reform, one and only grover norquist. First to you, governor. First, President Trump, his massive saturday rally in deep blue democrat new jersey and wildwood. Governor, thats near democrat pennsylvania. Show the viewers whats going on with the new New York Times sienna poll. Trump leads bide anne donovan five of the six geez trumps strengths trumps strength in the battleground and gaining with more young, black, and hispanic voters. Hes taking them away from biden in the battlegrounds . Yeah, pretty amazing. When i was a kid, id remember going to carnivals and theyd give us these call them chinese handcuffs and a net thing and harder you pulled to get out, the more stuck you were. It could be the biggest land side since Ronald Reagan beat Walter Mondale in 1984 and its moving forward in a way that most of the democrats thought would happen. They thought the