The session. High intraday high russell 2000 continues its high but it, too, has faded during the session. The russell flat, the other indices negative coming up in todays show, well ask allianz chief economic adviser Mohamed El Erian about todays highs plus, the president of shopify about the companys new partnership with alipay mike santoli, tracking the market action. Meg tirrell has more news on pfi zechlt rs vaccine data and phil lebeau, covering the boeing 747 max. Mike, start us off here. Weve been dealing with a couple of issues, the market being a little stretched on the upside after that strong rally month to date. Over bullish sentiment has had a hard time getting traction, but no damage done at this point on the year to date chart were slightly above that september high by half a percent nothing damaging really happening here i wanted to zoom into the last ten days of trading or basically really more like eight days of trading, back to last monday, week ago monday. Pfizer n
Fed uniform on for Caroline Hyde, all ready to go. They will come out with a forecast as well. There is a pandemic, everybody is guessing including tom keene and francine lacqua. But it is a nice vector, a nice gurrria. Fortress look at the headline. This follows from that dropping that jawdropping 11 lift in jobs. Amazon plans to put 1000 warehouses and neighborhoods. This is the new political message that we are getting from all of these tech juggernauts after this digital dominance of this pandemic. Francine i understand this would be a way of competing with walmart, which is doing pretty good. The warehouse would be closer to you in certain neighborhoods, so they could deliver on this oneday pledge. We are all used to getting our packages pretty fast and get upset if we dont, so it is a race to get to the consumer as quickly as possible. Francine it is a jampacked day, futures up 17. Francine we will speak with angel gurria at 6 00 a. M. In new york, 11 a. M. In london. Lets get to
Have to believe in some ways it is being managed. August, but inng no way is the dollar reverting. It gets overplayed by the media. 1. 19. Ere it is, now 1. 1839. Francine the fact that you call this a boring august, i dont know what an exciting august looks like for you. We have turkey, the markets, trade. Your bar for an exciting august is high. Always exciting news. Here is with. Haska Kamala Harris accepted the nomination to run for Vice President with joe budden. Harris told the Party Convention that President Trumps failure of leadership has cost lives and livelihoods. Kamala lets fight with conviction. Lets fight with hope. Lets fight with confidence in ourselves and a commitment to each other. To the america we know is possible. The america we love. The political fight over the post office make clear the way for congress to resume talks on a virus relief bill. Democratic and Republican Leaders are hinting at potential compromises. The white house says it is open to democrats de
Explosion. Welcome to surveillance. Inm yousef gamal eldin dubai. Of, the riskon strategies it, but there is an interesting picture that is emerging here, the talk of a u. S. Capitol gains u. K. Jobsx, showing numbers as negative as they came through. That is being taken in stride. Up one point 72 on the stoxx 600. Real estate lagging. Now on a german data. Treasury drifting into a volume. 10year yield into a twoweek ,. 005. Commodity currencies have been advancing, but you are in a narrow range for your g20 peers, and gold at the moment, we are 1995 announce currently. Thes get now to some of other key stories we are following for you with bloomberg first word news. Leighann gerrans has it all. Leighann good morning, yousef. The number of britons out of work has dropped from april to june, and the figures highlight the economic shock facing the u. K. That is expected to escalate as the government gradually starts withdrawing wage support. Seriouslysays he is considering cutting Capita
Unemployment claims last week, but we are seeing sectors most sensitive to economic reopening. Sharply hire American Airlines rilgt now, trade iing up some 45 wilfred. Its actually pared some of those gains. About 43 . Ahead on todays show, tim ryan has a six step plan outlining his companys pledge to support black lives and it goes well beyond cash donations. Hell join us with his message plus, a key question for millions of newly unemployed americans. What happens when federal stimulus programs run out . Lets focus though on the big stories were watching today first of all mike is tracking the Market Action phil lebeau is watching a huge surge for airlines before the pullback and Courtney Reagan covering a battle between landlords and retailers, but mike, lets start with you and the broader markets. Hard to make too much of this headline softness after such a sprint that the market has had take a look at the two year chart the s p has had. We did see today mostly, the nasdaq 100, cli