In seven months after a meeting with u. K. Print minister Boris Johnson. What i would hope is that what happens today would be sufficient to allow negotiations to resume in brussels. Nejra and changes at the top. Saps longstanding ceo announces hes stepping down as rental looks to rental replace thes to ceo. Matt good morning from berlin, nejra. We have had a lot of fed news out, a lot of trade news out, a theory a news out. Basically, washington is the place to be. Nejra i found the comments really interesting in terms of what he might see as a rate cutting cycle. Well get into that. It is the trade news dominating markets. Investors taking the positive side, the fact President Trump says hes present for talks with chinese vice permit or. If vice permit or. Vice premier. Matt we will have to talk exit brexit again today and tomorrow, as well. We do see asian stocks falling, u. S. Stocks up on positive trade news. We just heard donald trump say the attorneys have been very nice and the
And more the Halftime Report starts right now. Good to have you with us on this friday. Our committee at the able today, josh brown, jim lethan that will, Jenny Harrington lets begin the markets. Stocks lower again, wrapping up a turbulent week that has thrown the remainder of the summer in doubt. Its how we came into the week and how were ending it are two different feelings you tell me what to do as we move forward here. Its deja vu. We saw it before well see it again. Heres how it plays out. As we get close to the fed meeting we saw the odds of another cut, they were high to start with the markets get excited about that we could see trump flip flop he put the tweet out, didnt get much play from it because he was asleep, so wait until dude is awake if youre going to smack him between the eyes so i took off a little exposure as soon as the tweet hit markets at all levels, alltime highs, were at high levels, getting nervous, antsy did anything change for you this week . You came in thi
Tk, welcome back. Tom it is good to be here. It is jobs day. Im ready to go. I had my wheaties. Jonathan is that a serial . Tom it is a cereal. Lisa had fruit loops. Lisa lucky charms. Jonathan they should come with a health warning. Lets talk about amazon and apple. Apple meeting expectations after the close. Amazon is higher by 9 in the premarket, beating a raise from amazon. Evercore taking the price target from 150 to 190. Tom amazon with the pandemic and secondguessing about there is a national crisis, we delivered the boxes, we need to died in and to what we need to do. They did. Baeza went to run the Washington Post and the new guy came in. The new guy is the first real glimpse of postcovid amazon. Jonathan evercore calling this quarter and unlock for the stock. As of the stock needed it given the doubledigit gains we have had so far. Lisa that is the reason why it is bolstering the Overall Index returns even though apple is more soggy and losing is 3 trillion moniker im looking
Officials in japan, suzuki saying that thet are aiming for wage growth. It was in contraction territory for the 24th straight month. This week it has been the continued slippage in the japanese yen now trading, above the 155 mark. The question of how long if we did indeed see intervention twice last week which does appear to be the case how long that will last in the market. Today we have the nikkei 225 coming on to the upside. Wall street overnight had signals of positivity. We had weaker than expected initial jobless claims. It really backs the case that the fed can cut rates later this year. Nikkei up zero. 4 . Lets look at how the korea how korea is sharing a bank. The korean won looking for more against the dollar how korea is [crowd cheering]. The korean won looking firm or against the dollar. Haidi in sydney we had a giveback of the recent gains, the 5session winning streak. Retail is dragging. This meant lower on the session. But a bit of a bounce back there, 0. 1 higher. We ha
Blaming uk Consumer Confidence and pulling the rug from kingfisher in the sector. And your move, senators. A u. S. Golf. Shutdown a imminent address lawmakers try to round up enough votes to avoid it. The pressure is on the senate after the house passes a shortterm spending bill the iea is forecasting a big increase in nonopec crude production over the course of the next year. It expects the pick up in oil prices to spur higher levels of shale production in the United States but the iea says the recent rally has the potential to rupp out of steam as higher prices weigh on demand. Joining us from paris is Neil Atkinson from the iea. Thank you very much for joining us the question i have is about what is going to happen with the opec numbers weve seen them last year try to curb production. Weve seen that spur this higher price. Thats encouraging shale producers to get back into the market that could depress that price. Is the only solution for opec for that greater demand . You could arg