Billion dollars from the police budget. Guess what, aoc says it does not go far enough. Well get reaction from Deneen Borelli coming up. That and much more coming up on making money. Charles well the bias of the market has returned to the upside. Whirlwind whipsaws continue, wild gyrations. I think theyre telling us something. Surges into the close and to the upside. Preopening action we saw the market really steep declines. They were erased on jobs data that were better than expected. They actually werent but i think the vaccine hopes gave us a push and rally faded on manufacturing data that was better than expected. Does the street want good but not great data . How much of a gamechanger would be the Coronavirus Vaccine be for this market . Lets ask kaltbaum investment geir which Gary Kaltbaum and bny mellon strategist, Alicia Levine we know this would be a gamechanger, but how much would it be . 3 to 4,000 points to the dow, charles. They were working well until the numbers started
Actually expanded for the First Time Since february. A little more good news out there. All of this is coming as the Trump Administration implements the 1. 2 trillion trade agreement with mexico, canada, the usmca, and they are working on a new phase of stimulus to help the u. S. Economy recover from the crippling effects of the coronavirus pandemic. And right now, here we go, blake burman, got a chance to talk to President Trump just moments ago in a wideranging interview. They touched on everything from the stimulus plans ahead, jobs, record markets, wearing masks, and of course, his 2020 opponent, joe biden. Blake burman joins us right now live with the full interview. You will see it right here for the first time on fox business. Blake, take it away. Reporter yeah, i spoke with President Trump over here at the white house for about 12 minutes earlier this afternoon. As we stand here on july 1st, the new month, we talked about a host of topics. July of course when the Trump Administ
May including everything from Student Loans to car payments to mortgages, the number more than triple that of april its the latest sign Unemployment Benefits and stimulus checks arent enough to fully cover the expenses what happens to the consumer and the economy and the stock market its not good its something weve alluded to for a while. Go and look at wells fargos First Quarter they reported in the middle of april. They took a 14 billion loan loss provision which was up 413 year over year by the way, when they report i think in the middle of july, that number is probably going to go up again and further anecd e anecdotal proof that wells fargo is trading below tangible book value. The banks have been trying to tell the story, but the Broader Market has sort of been impervious to it until recently. Well see. Again, ill say i am not all that optimistic about where the consumer is 69 months from now. Clearly i hope im wrong but behind closed doors, a lot of companies are saying weve lea
Slums, as concerns grow about washington may punish Hong Kongbased banks. The u. K. Chancellor unveils the governments plan to pull the economy out of its deepest slump in centuries. Boris johnson says the u. K. Is ready to leave the e. U. Without a trade deal. Manus the line from the vice chair, clarida is that there is more we can do, more Forward Guidance. Nehra. Orning, nejra good morning. If we look at markets, we were seeing some gains in asia, we china. E to see them in we saw some green on the screen for u. S. Futures after the index closed lower yesterday. Now those gains have been given up. Seeing in negative print for european futures, theyll. Interestingly, i made the riskoff sentiment in equities, the 10 year yield is higher. The dollar is absolutely steady. Gold getting a lift after the fed comments as well. Getting very close to 1800 an ounce, study in todays session. The u. S. Bids farewell to the world health organization. The white house has submitted a letter that st
A new flu strain in china is seen as another potential pandemic. Investors dont seem to care. U. S. Markets close out their best quarter since 1998 with the s p 500 up 20 . Gold trading near 1800. Picture when split it comes to these gains we are seeing across equities and the continued gains we are expecting to see in asia. Havens still seeing those gains as well. Above 1800 for the First Time Since 2011. This is what we are setting up for in terms of the first day of the new quarter. Up by 1 10 of 1 as we get some analysis later of those numbers. Atwell as dollaryen trading 10 75. A little bit of Dollar Strength at play. Weakness when it comes to trading in the aussie dollar despite the jump above 69 u. S. Dollars from the back of those better than expected u. S. Pmi numbers. We are continuing to watch out for Market Reaction as to the geopolitical headlines to do with hong kong. Right. Lets turn to the city marking 23 years of chinese rule with the president signing a Landmark Secur