Im sara eisen look at whens driving the action higher. A thaw in the trade war again. U. S. And china resuming tariff negotiations in october. Strong Economic Data helping ease some recession fears and the s p moving back above the 50day moving average. Key technical level. Tech stocks are leading the rally. Two big interviews coming up on closing bell. Box Ceo Aaron Levie and with Consumer Staples near alltime highs kimberlyclark ceo michael hsu will join us see both interviews only right here on closing bell. Joining us for the entire final hour of trade is stephanie link. Welcome back, stephanie. Thank you. So are you a buyer on this trade rally . I bought a couple things today. I added to a few positions, nothing new, nothing big, but i think the debate will continue are we going into a recession or seeing Slower Growth i have been saying i think Slower Growth mode and a lot of that because the consumer has been quite strong. I know a lot of people talking about that i spent this w
Salvini says he wouldnt change a thing. I would do everything that i did again. Everything im a freeman. I dont fear italians judgment. European stocks bounce back while u. S. Futures point higher as investors await minutes from the july meeting the u. K. Prime minister prepares for a European Tour with stops to meet Angela Merkel and emanuel macron near mateo, you take a great responsibility toward the country. You announce this crisis asking powers to rule the country and again recently i urge the people in the square to support you this idea is preokay yccupying. He was delivering a bruising attack during his resignation speech he accused the leader of being selfish and manufacturing a political crisis when he decided to and took aim at his use of religious symbols now he hit back saying he does not regret his actions. I would do everything that i did again. Everything im a freeman and i dont fear italians judgment. The man road is the way to the elections because nothing and no one
Welcome to squawk alley. Im Carl Quintanilla Morgan Brennan has the morning off. What a morning it is too beginning with major tech earnings four big one, twitter, amazon, alphabet and intel and intels ceo bob swan will sit down with us as we look at potential datacenter recovery, pcs and unbelievable characterization of what china was like last quarter. Yeah, surprising mix, the pull in from people freaked out about tariffs actually had some benefit, sounds like, for the pc business, of course, there were some problems there as well but interesting stock action this morning. Intel actually a bit in the red this morning it had been up as much as 4 , i believe, at the open and near there. Up kit a bit afterhours and amd higher than intel which is an interesting dynamic that ill want to dig into but, you know, beyond just intel, you have lots of different earnings story, people surprised. Google, alphabet had been in the doghouse compared to peers and a lot of people got surprised by the
He was looking at a way to demote jay powell so he wouldnt be chair anymore, not fire him. I think a lot of people think it would be against the law. I asked senator tillis from north carolina, who is on the finance committee. He thought maybe it was possible. President , ithe is his administration. He should look at everything he can do within his legal authority. I havent reviewed the legal analysis, but theyve got a lot of smart people in the white house. It probably is within his authority not to remove him, but potentially consider another chair. David it sums like if you were to do that, the Republican Senate wouldnt stop him. Alix well no, of course not. Someone, who would he pick . Of uld be the perfect the perfect dove . David i think you will come out for blood if he doesnt get his rate cuts. Stay with bloomberg as we bring you live coverage of the latest decision, followed by jay powells news conference, starting at two is like this afternoon. Alix from one politician to ano
Guy european stocks drifting lower little bit. The chinese pmi data the weakness weve seen any break on forward momentum. The chinese data represented here down by 2. 25 . Anything with significant exposure to china particularly on the Services Side has been weaker today. The area that is seen some strength is energy. Look at whats happening with brent. We are trading around nine the russian and saudis will continue their cuts till the end of the year. Alix im surprised that the markets were surprised. S p 500 is off by one point 1 10 of 1 . We seen a much more powerful rally earlier. Fading a little bit. Still eking out a gain of 6 10. One of the only sectors up in the green today. What is really interesting evolving here is persistently stronger dollar. The dollar index at the highest level since march. Does that persist in stronger dollar, where are we in that . Is that good value now . If we have questions about the economy, a wage price spiral. Are we appropriately priced along th