Thats a 13. 8 increase month on month. Pretty good, alix. Israel alix can it last . And coming up this hour well speak to valley grant, Senior Vice President and henry mcveigh, ahead of global maam row and Asset Allocation with his report on economy and investments. The main macronews that happened was beijing following through on the threat of retaliation, china ordering the u. S. To close the consulate in chengdu and comes after the foreed closer of a Chinese Mission in houston. Sharon chin the asian bureau chief, how big of a disruption is it between the two countries . Sharon i mean the whole dispute over the consulates, the u. S. Asking china to shut its houston consulate and china asking the u. S. To shut down its consulate in chengdu has en a severe reaction and the worst theyve taken in the last few years. Here it was immediate, people on the ground expressing support for the chinese government. There was a lot of security on the scene in front of the consulate in chengdu and a
Senate gop leaders releasing a plan for more stimulus, sticking to a trillion dollars they more or less promised. Are the gop and white house playing with fire . All that and so much more on making money. Charles all right, folks, the market is off to a positive start as megacap stocks begin the week with a chip on their shoulders and wind in their sails. Google up 1 1 2 , fast book up 1 . They will all report earnings this week and they have all have to report to congress as well. This morning jpmorgan raised target of apple to 425 from 365. Almost son from 2hundred to 3600. Find out if theyre buying or holding. I have folks who tell us what they think. Constellation ray wang, Gibbs Wealth Management president erin gibbs is here as well. Let me start with you, ray. Big tech a little wobbly last week there were questions about microsoft and the cloud revenue not be 50 and the quality of teslas numbers but they dont stay down long, do they . No, they dont. Big tech is very hot. Everybod
Me on a live interview on his new efforts to combat discrimination. Believe it or not theyre getting a lot of pushback. That and much more on making money. Charles President Trump says the market is in a sell mode. Dow dropping more than 500 points near session lows. A of the president unleashed a tweet storm on china. Want to go to Hillary Vaughn live at white house with the latest. Hillary . Reporter charles President Trump is meeting with his trade team after his promise to respond to china after they hit the u. S. With more tariffs today. In a flury of tweets he says that the u. S. Stupidly lost trillions of dollars to china, making it clear he has really had enough. Saying quote, we dont need china. Frankly would be far better off without them. The president is ordering u. S. Companies to pack up and leave the country and set up operations here in the u. S. Tweeting this, our Great American companies are hereby ordered to immediately start looking for an alternative to china. Trum
Making money. Charles another good day for the market. Investors getting more evidence of a rate cut on the way. President trump pointing out the world is cutting rates, the fed should as well, because of faulty thinking process there at the Federal Reserve. He is worried saying we pay much higher Interest Rates in countries no match for us economically. Another words our Interest Rates are much higher than other countries when they should be lower. This comes from comment from three fed officials that boosted expectations after rid cut. Edward lawrence at the white house. Reporter you are talking about James Bullard, john williams, new york fed president and Richard Clarida, and Jerome Powell in a speech today. He pushed Federal Reserve to have a rate cut during their next meeting. I want to zero in on the third tweet that he made. The president said in that tweet, quote, this is our chance to build unparalleled wealth and success for u. S. Growth which would greatly reduce the percen
Surveillance. Jonathan good morning, good morning. This is bloomberg surveillance. Posited by 0. 2 on the s p. Chairman powell would like a little bit more data. Going into the Federal Reserve meeting last next week, will he have sufficient evidence to change his view on the economy . Lisa people are really looking at this as being one of the most important in the last couple of years which is what we hear every single time, this time or option more often. The idea here is if you see another hotter than expected cpi print, you will start to reprice the Federal Reserve so they cannot cut rates until well after june. The question is exactly the same. The question on wall street has not changed. While the upside surprise a oneoff or not . We dont expect the report to provide clear and of evidence of disinflation to boost the fed confidence to cut Interest Rates. This is about how we set up that meeting going into next week. What i extrapolated yesterday was actually how they view inflatio