Alongside lisa abramowicz, im jonathan ferro. Tom keene back on monday. The equity market unchanged right now on equity futures. It is the bond market tickets your attention. The worst week for 10 year treasuries going back to june. Lisa very low rates, but it seems like theres at least a little bit of a concern creeping in about the record bond issuance from the u. S. Government. The question is whether this is a momentary blip. Today, people seem to be treating it as a buying opportunity. Jonathan so far, so good this week in terms of expectations. Claimed yesterday, positive relative to expert patients. Cpi hotter, ppi hotter than expected as well. Perhaps fueling that moving treasuries and not just the supply story. Lisa weve had this conversation over and over again, the idea of lagging indicators. In a fastmoving pandemic where you get states reshutting down and people losing confidence, and people are looking to the july sales data shown the last retail sales gain before unemplo
Apple. Josh lipton has the latest reporter apple says the stock split is to make the stock more accessible to a broad base of investors iphone revenue is blowing past expectations 26. 4 billion. I did have the chance to catch up with apples ceo tim cook we talked about those iphone demand trends and the mix in the quarter. Cook telling me iphone 11 is the most popular iphone and we had a great launch, he says, on iphone se during the quarter. It was also very strong, an uptick in switchers, meaning android switchers, that we were happy to see and the iphone se is clearly helping with that i asked cook about those broader work from home trends, how is that benefiting apples products and services during the quarter. Cook says it definitely is, it definitely has boosted, cook saying, mac and ipad, we see those picking up for productivity weve son several school buys of ipads. We have the strongest lineup in both mac and ipads than weve ever had, a combination of those coming together at t
After jay powell made down beat comments about the economy just as coronavirus cases were spiking in the south and the west today the fed chief once again made it clear that the economy remains weak and were seeing more gigantic coronavirus spikes in the south and west this time the dow surged 527 points as it jumped 1. 90 , nasdaq pole vaulted 1. 57 . How is this possible how is it possible goes down gigantically, same thing, next time goes up two key differences. First the fed is planning to buy individual Corporate Bonds to ensure Companies Stay afloat if we had survival of the f fittest, powell is doing everything to limit carnage, survival of everybody. Second, we had the biggest sales gain in history up 17 in may. That sounds very vish we have a super accommodating fed at the same time were Getting Better data which means the recovery has staying power and almost broke oil company or restaurant chain wants to issue bonds, the fed would probably buy them i know there are a lot of
For today high of 54 in San Francisco, 57 san jose and 53 for conker. Will time out the rain and the wind with his thick storm coming up on futurecast. Gianna. If you are headed out the door and you want to take a this morning the east shore freeway commute is a busy one. We had a crash and a second accident not to far from the same area causing delays as well this morning. Keep that in mind if you are commuting out of the east bay towards the bay bridge into San Francisco this morning. One accident west on 80 right at the maze. A second class reported was about 80 right at gilman and we are seeing of backup behind the accident. It looks like possible injuries reported. Planes block so that will cause some delays and getting dizzy at the bay bridge with the metering lights on. This morning a home in west oakland sits empty after the moms 4 Housing Group was evicted during a tense confrontation yesterday. Capex five jackie ward joins us live from there with the latest. Jackie. Reporter
Set for the s p 500. Joe there you go. Caroline abigail, what are you watching . Abigail you know, caroline, across asset classes, the technicals for the s p 500 are fairly constructive. It is worth noting we also have a rally for haven bonds. Take a look at this, the 10year yield shedding 11 basis points on the week. This is the biggest rally for bonds going back to the first year of october. Haven bond rally in, and that has influenced dissector blog competition, putting aside the big rally we saw today for health care, the best sectors, on the week, real estate and utilities, those are of course rate sensitive. Dividends look more attractive. On the flipside side of this, take a look at two of the worst sectors or one of the worst sectors of the week, the financials, and the Kbw Bank Index underperforming, taylor. It will be interesting if that continues this week. And seems as though the defensive sectors are actually doing quite well. Taylor well, abigail, we talked about how the