1. 1747. , 1934. 74. Another busy week for the markets. 189 s p 500 Companies Due to report. Some already reporting today. We also have the fomc Rate Decision on wednesday as well. We welcome margie patel, Wells Fargo Asset Management Holdings Managing director. Characterize this earnings season for us. It has been encouraging. Last week, we have 20 of companies reporting. 80 of those were above expectations, even though many said they were not in the position to predict earnings for the year. Uncertainty, very pleased with the first reports. You to would that cause be a buyer of these companies, or is it more of a relief that we are not seen the bottom fall out of the market . Margie what it tells you is that, with no proposition from most of the fixed income market, stocks really look reasonably year ifve over the next they can raise their earnings. Many of them are in a position to do that. That is what the markets are reflecting. , theyes dont look bad dont look overpriced compared
Honorable michael pompeo. The honorable pete wilson. Christopher nixon cox and hugh hue it. applause good afternoon. Im Christopher Nixon cox grandson of president Richard Nixon. On behalf of my family and the Nixon Foundation, i want to welcome you to another important event here at the Richard Nixon library birthplace and museum, the birthplace which is right behind me here. Today, we are honored to have secretary of state mike pompeo to have chosen the Nixon Library to make a major speech about u. S. China relations. Like we do so often in the library, we are going to begin our program with a prayer. Would you please remain standing and welcome greg laurie, Senior Pastor at Harvest Christian Fellowship big. applause let us all prayed together. Father, we are so thankful to live in this country of the United States of america. One thing we treasure so greatly is the freedom we have from you to pursue life, liberty and happiness. We have the freedom to speak our minds. The freedom to
8000. Republicans come your opinions will come in on 202748 8001. Independents, your line will be 202748 8002. You can always text us your always ond we are social media at twitter and on cspan. K. Com tensions have been ratcheting up the last few days, with both countries forcing the other to close a key embassy in that other country. Ae wall street journal has story about that this morning that we will bring to you so i want to bring that story to you. The u. S. And china moved rapidly friday to shut down consulates and evict diplomats, unprecedented steps followed by calls on both sides to ease tension. Flareups between the worlds two biggest economies, even amid the move to avoid further acts of immediate excavation escalation. Aging ordered the shutdown of , describingsulate it as a necessary response after washington ordered china to consulate in houston. U. S. Defended the closure, citing unacceptable espionage and intellectual property theft linked to the outpost. As evidenced
Good morning, everyone, and welcome to bloomberg surveillance. This is what the markets are focusing on. Partly, the number of infections rising in the u. S. But partly also what we are hearing from economies in europe reopening. European stocks sliding for a second day. We did lose a bit of momentum in this equity rally in the wake of damage caused by the pandemic. Hsbc slumping after Donald Trumps advisor proposed a move to punish banks in hong kong and destabilize the currency peg to the dollar. And goldng below 41 trading near its highest level since 2011. Lets get straight to the bloomberg first word news. Good morning. The white house has made good on its threat to leave the world health organization. The Trump Administration has sent a letter to the agency giving it a one year notice it plans to quit. President donald trump says the International Body has been too deferential to china in its handling of the pandemic. The move comes as virus cases in the u. S. Near 3 million. Som
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