S p and the dow look to make some history again today crypto again as we said in the cross hairs getting blasted from all sides and a surprise for snap were going to tell you what has that stock moving higher this morning. Stocks are aiming to make some history again dow and the s p on track to set some new alltime interday records. A day after posting record closes including the dow finishing above 27,000 for the first time, jim. As, again, powell was the name of the game. Yeah. Look, powell is giving you what you want if youre a bull. There were some great lines where you said, look, remember what my job is my job is if we have an expansion, keep it going and that is so bullish because what hes saying is we have an expansion. It may be slowing. Weve got to keep it going so we have to do some cutting. The part of the game with 25 versus 50 is a setup the bears are saying we need 50 so that the stock market does not run down theyre not going to get 50. Im disappointed i think what powe
The various things that they make, and i said that thats okay that we will keep selling that product. China logs the highest close since the end of april hopes rise for an end to the u. S. china trade war Deutsche Bank shares also jump as sources tell cnbc the german lender will consider up to 20,000 job cuts as part of a Major Overhaul and crude extends its gains after iran signs off on a saudi russian plan to continue production cuts, but some Oil Ministers are unhappy the decision was made without them if opec wants to be alive, should decide inside opec, not to receive their instruction from outside to bring you the latest numbers from the eurozone in terms of manufacturing pmi the month of june, final numbers, they have come in at 47. 6 that is against the preliminary number of 47. 8 and thats against the 47. 7 number we saw for the final back in may remember, those numbers are the fifth straight month of contraction factory output, new orders seeming to deteriorate steeply and th
New deal. They say they wont talk about that unless you relief sanctions. What is left to sanction . Alix i really couldnt tell you. We are going to break that down and discuss more on that in the next couple of hours. In the markets, it is a little bit of just hanging out. The s p had a record high thursday. Now up by six points. We are just waiting for that g20. Eurodollar up by 2 10 of 1 . Forget about the germany info index just bad. You are see but you are still seeing buying into the bond market. Crude up by 7 10 of 1 . Not as much as you would think compared to the geoPolitical Risk. David absolutely. Time now for the morning brief. Secretary of state mike pompeo travels to india today in the midst of a growing dispute there over tariffs. Tuesday we get u. S. Housing numbers and the treasury options 2 billion into your notes. Wednesday is the first night of the democratic president ial debates. Thursday, major u. S. Banks get the final results of their stress tests. Friday, g20
Picture. Goldmansachs expects the fed to begin easing in q2 of next year. Also ahead, were going to talk about what is next for the tech sector. This is in the midst of whats been a rough august at least so far. Were down 7 month to date. And letter x Surging Company rejects an unsolicited takeover offer from its rival, cleveland cliff. Lets get some other news, though, as well, as we start the show paypal has a new ceo whoa. Yeah. Alex, who currently runs the Small Business and selfemployed group for intuit, is going to take over from paypals longtime ceo dan shulman on september 27th according to members of the board a little earlier than expected they conducted the search for paypals new ceo shulman will remain a paypal director until next may. Chriss being hired was a result of the process where the board interviewed nine ceos. They reduced that pool to four candidates and then they chose mr. Chriss members of the Board Selection Committee tell me he impressed them with leading a d
A, as it actually takes up behind us. A lot of look now, the smug nitrous it machine power your towards the cause most brush i had to the mood for the 1st time in almost half a century as part of a 10 vicious Lunar Program for the coming years are 2 visits. The key irena in transport hub considered a gateway to huge opportunities for traits between the most densely populated world market. The good morning from oscar. This is our to international with the latest and world news today and bureau, isabel, welcome to the program. Now to our top story, this our, the west african block echo last has given the order to activate and deploy its stand by forces to deal with the unfolding situation. And these year, the statement comes as a summit of its leaders, wrapped up in the nigerian capital this thursday, 2 weeks after the cool in the me. Thatd become a t, a big chief of defense stuff to activate the aqua stand by force with all its elements immediately order the deployment one of the ac was