Plan parent governor murphy says forill go continue to press tax fairness. According to a bloomberg survey, the central bank is likely to cut rates by a quarter of 1 point in september and again in december before a week as meeting of fed policymakers. Economists were expecting just one rate cut. U. S. Unemployment filings increased to an unexpected high. Job claims rose to 207,000. Among two people eligible held around 1 . Jobless claims remain near historically low levels. Global news 24 hours a day on air and at tick tock on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. I am Mark Crumpton. This is bloomberg. This is bloomberg markets, the close. Awayn we are 30 minutes from the end of the trading day. The outperform a today is the nasdaq. This mood music is one of risk on in spite of the mixed message of whether there will be any progress in g20. A ban on tech sales to quality muddied the waters. The euro basically flat. Ofhad woeful data in
Melissa 2020 census ruling coming out today from the nations highest court and now President Trump is responding saying the ruling is quote totally ridiculous. I can hear him saying that. We are live outside of the Supreme Court with reaction from both sides of the aisle. Plus all eyes focusing in on iran from the g20 summit in japan. How the commanderinchief is working with our allies as tensions with iran remain high. Candidates getting ready for night two of the democratic debate where senator Bernie Sanders and former Vice President joe biden are facing off. We have much more coming from miami throughout the hour. Big focus here on the g20 summit in osaka, japan. President trump is expected to meet with his chinese counterpart for the First Time Since the talks broke down in may. Lets go to fox businesss edward lawrence. Reporter melissa, before that happens, in four hours from right now President Donald Trump will meet the japanese Prime Minister shinzo abe. They will talk about t
Heres todays eye opener. We have multiple injuries, weve had two house fires. It was scary. I didnt know what to do. Powerful earthquake strikes Southern California. The last time we had an earthquake in Southern California, above magnitude 6 was 19 99. Seven americans were killed when a Helicopter Crashed in the bahamas, West Virginia billionaire chris klein is among the victims. One person was killed and several injured after being struck by lightning in south carolina. President donald trump put his stamp on the fourth of july celebrations in the nations capitol with a tribute to the countrys military and a call for unity. We must go forward as a nation with the same unity of purpose. Miami dolphins defensive tackle Kendrick Norton had to have his left arm amputated after a serious car crash. A Fireworks Store caught fire. Serena williams survive as tough match. In a quest for her eighth wimbledon title. He is a bead of dark floating in the dark oriole of the night. Joey chestnut wa
I cant see enough of you. Weve both been free. Wont be long until summertime is through. Lauren beautiful pink skyline in new york city. We welcome you to fbn a. M. Im lauren simonetti. Cheryl good morning. Im cheryl casone. Lets take a look at how your money is moving this morning. Right now, futures are pointing to a slightly higher open after yesterdays losses. Remember, stocks came off session lows when jay powell made comments about the feds intent to act as appropriate. That helped the markets. The dow is up 41, s p up 5 andahalf, nasdaq up 22. Lauren the yield on the 10 year treasury is 2. 01 . Cheryl were going to get earnings from general mills, pier one and rite aid. Lauren wti is up 1 andahalf percent, 58. 72 a barrel. Cheryl investors in asia gearing up for the g20 later this week. The m nikkei and shanghai closed lower. Lauren the ftse in london is down 3 points, cac is down 4, dax is up 2. Cheryl now to the top story. Democrats are claiming victory this morning after form
Believe it or not, this is actually the kind of decline you want if you are a bull. We cant keep realallying on the news over and over again. President trump and president xi could hammer out a trade deal. Rallies need more and more fuel. Without it you end up on a day like this one. It reminds us that stocks can go down, too. So what did make today so soggy . All the red hot cloud based enterprise stocks, they were dethroned today. Yesterday sales force told us it was buying Capital Software for a huge premium. Everyone figured that every company in the sector and cloud kings would have takeover biz. These stocks deserve to come back down and they did. They got what they deserve. Helps businesses. Work day just reported terrific quarter down seven. Cooper software, like them. Amazing companies, amazing companies, also stocks get hammered. Think of it as cloud royalty being led to the yesterdays cloud rally was all about froth. Anyone in the industry can be a target. I think thats absu