American labor economy will fold into what we hear from that press conference. , howevera longer bid long rates will stay. But then there is this reality of x million of people here with no hope of a job. Jonathan we get the forecast and i think that is important. This Federal Reserve may have to upgrade them and say we are not doing anything for a long time. Tom while you were sleeping, i was saying following this delegate meeting. Saveel mckee is going to me and the 2 00 p. M. Show. Nuancescacies here, the i would suggest would be important. I was up at 1 00 eastern just to throw that out here. 1 00 eastern your time. Lisa, a retail sales late this morning. Lisa 8 30 a. M. Eastern time. To be the first read on Consumer Spending aspect and thats at the extra jobless benefit that did end of the end of july. We will be getting the Housing Market index, more optimism expected. Possibly a new record among homebuilders. Im thinking of transferring the oil out and bringing in lumber instead
Comes to the treasury market. The dollar taking it on the chin. Safe haven bid for the yen. Out yettting taken again after yesterdays slide, dragging Energy Equities with that uncertainty rains in the commodity. President trumps positive covid test and what is going on behind the scenes not the white house. Joining us is mario parker, Bloomberg White house reporter. What do we know at this moment . Mario everything is kind of unclear, given that the white house was taken by surprise with the president and first lady testing positive last night. We are starting to get some inckle sin some trickles in terms of who has negative results. We know that Jared Kushner and ivanka trump, two of the aides,nts other closest have negative tests, as well as his son barron. Right now we know that theres negative tests that have come in. We are not sure just yet how many other white house staff will be quarantined. Guy thank you very much, indeed. How on earth was the white house cut by surprise by th
We saw a poll coming out of the weekend on sunday, a couple polls, actually, saying a majority of americans that were surveyed had very strong feelings about the fact that the president himself managed to contract this virus. Emily to a certain extent, it has served as a little bit of a wakeup call, if you will, that the president , with all of his security, testing, and the people that have been around him, even the most powerful man in the world can contract this virus. Can contract the virus. You see republicans. They have been sort of pushing forward and saying we are going to go ahead, continue with the debate, continue from what they can do with campaigning. Look over in the senate, where there is a huge debate going on right now about filling the Supreme Court vacancy. We have not seen any changes to that schedule despite the fact that we have three republicans who currently have the coronavirus and a couple of them sit on the committee that is going to be responsible for having
Abramowicz. Tom bloomberg radio, bloomberg television. Good morning. Bloomberg surveillance. Jon took me off the ledge over tonight. Tsarsenal for and then sunday evening, a bombshell from the New York Times. Jonathan i never thought we would start an hour with english football, but we seem to do that now. I dont want this to be the story, but lets talk about whether it is real or not. I understand it is an important story. I understand it is sensitive for many people in america. But far too often, there has been a highlight reel of news anchors sitting there saying the word bombshell, and it has done nothing for the polling of the president of the United States. Are you convinced this will . Tom not at all, and Kevin Cirilli making clear it wouldnt have an effect on the very few, if any, undecided. The comment from the New York Times that there would be comments to come. In the markets, up, up. If we keep talking, we will be up 50 points on spx. Right now we are up 44 points. Jonathan
Last month was a huge bounce in this number, up by 24. 7 . The perimeter is that much greater. Coming introng number on the Manufacturing Index as well. At 21. Through alix a really strong number. The big news of the day in the u. S. , it jay powell and Steven Mnuchin will speak before the House Financial Services committee. Powell will stick to his call for more fiscal aid. It comes against the backdrop of a darkening prospect for continuing stimulus. The latest news is mitt romney says he will back a vote on trumps pick this year. Joining us now is Emily Wilkins. Does this make stimulus more or less likely. It feels like the pendulum shifted towards the republicans with the Supreme Court nominee. Emily this makes the stimulus funding less likely to come before the election. Both sides werent making a lot of progress anyway. For monthsighting over the amount of funding. Both Speaker Pelosi and Senate Majority leader Mitch Mcconnell are really not budging. It senate is going to pit of