Yesterday. David time for the morning brief. Apart from the all important fed a. M. Steven 8 00 mnuchin speaks at the independent Community Bankers capital summit. We will get adp Employment Data, the consensus for 185,000 jobs added last month. After the bell, it is earnings watch. Facebook and tesla will be reporting. Alix decision day for the Federal Reserve, the bloomberg surprise index starting to roll over. Sales, week core cpi, week march job numbers. Mckee. Shington, michael how does the fed a dress the weaker data we have seen . Michael they are going to have to mention the fact that the economy slowed in the First Quarter but they do not want to take june off the table and do not believe this will be a continuing problem so they will probably talk about it being transitory. They may mention seasonality problems we had. Tractornta fed, gdp now comes up close to the average gdp numbers we get, shows First Quarters have been terrible for the last couple of years, but look at tha
The underperformer over in europe is Deutsche Bank hit. Again. E is down we are at a twoyear low. It is the opposite for copper trading at a twoyear high. The vix is a lower again. That is the wrap of the market. Now twitter earnings are crossing the wire. Jonathan Quarterly Earnings helping by video advertising even as the social Network Field to add any new monthly losers and thus dock is down. Second Quarter Sales fell 4. 7 to 573. 9r earlier million and that beat the average estimate of 537 million. Alix this is a big deal. A big question is can a growth continue . The answer from the Second Quarter is no, no second monthly quarter growth. And putl be rough twitter in a difficult position. Not be surprised and that is the number they focus on top that is what they care about. Butthan revenue was ok user growth is why it is getting punished in the premarket. Up on this green for you this is how we trade. Down by three full percentage points. The revenue to beat, user growth is a mes
Has been quitegh sensational. Esea the chin market yesterday set a different tone even though people talked a lot about the level of intervention by the Chinese Government. Equity markets changed in a looks like the risk has been revived. Guy i think the last hour so much as happened. You had the military finance line come out of china which is really interesting. That has overnight given the market and nice lift. U. S. Futures appointing to an open, but that is today story rather than yesterdays. Anna some strong moves. The s p 500 gaining, making it secondbest again this year. I guess nos of rise making a big move no surprise making a big move. Technology in health care are the sectors that built up yesterday. Guy longerterm, you will see we are still significantly down. Yes, we bounced back sharply. There are a lot of things to factor in. We are waiting to see what the fed will do. This line from the chief economist of the world bank is absolutely amazing. He talks about the idea of