Holding this up is primarily the defensives in the utility sector, some consumer staples. Mcdonalds providing a little bit of a drag. Take a look at what is happening in the treasury market. Bond bulls undeterred. A lot of folks said this is going to be a dip buying opportunity, and that is what you are seeing. A lot of uncertainty that had driven the bond rally prior to that selloff, brexit, u. S china trade, those have not been resolved, but you will see the bond bulls remain active in this market. We saw the dollar knocked down a peg. You are going to start to see the price action like this. Take a look at gold. Gold actually had a little bit of a bid earlier today. Now it is flatlining, but holding at that 1500 an ounce level. A lot of analysts say that when you talk about the fair value of gold, they are looking at 1600 allers to 1800 an ounce. Guy lets talk about the brexit thing. Basically, the pound hovering around 1. 29 versus the dollar. We are a little way away from the 1. 3
Bullard, a fed governor, who wants a 50 basis point cut in rates in the next fed meeting which is this month. Also helping, treasury yields as of now, not inverted. The dow industrials are going to be up over 200 points, probably erasing all of yesterdays loss. The s p up just short of 1 . The nasdaq up a full 1 . Going up at the opening bell. Now to britain. Boris johnson lost the vote on britain crashing out of the European Union. There may now be a general election and brexit may be delayed until next year. That means a trade deal with america is not coming any time soon. Now this. Winston churchills grandson, a conservative, voted against boris. Hes been expelled from the conservative party which was the party of his grandfather, winston churchill. The chaos continues. This news just breaking. Google has been fined 170 million for illegally collecting information on children, parents were not aware of that collection of information. Separately, a group of state attorneys general wi
What we are learning about the moment. Amanda the Biggest School district in the bay area starting up classes again today. What San Francisco unified superintendent is saying about filling a staffing shortage. It is nice here, i think you will like it. I think so, too. So we are doing it . Great. Kumasi oceanfront away sis on airbnb, Ashton Kutcher in mila kunis inviting strangers to stay in their beach house. Amanda i feel like more celebrities are doing that, very interesting. Drew times are tough. [laughter] kumasi got to be innovative. Amanda good morning, it wednesday, august 16. Kumasi we are starting with a check of the forecast. Drew mild and warm afternoon on the way, muggy conditions. It is humidity, we have dense fog, zero miles visibility and half moon bay. Limited visibility in santa rosa, temperatures right now 50s close to the ocean, 60s if not upper 60s in more mild locations inland. A live look outside, patchy fog away from the coast. Increasing sunshine. Today, it is
on what came of this meeting and whether the president did all he said he would do. jacqui heinrich in jeddah with more. jacqui? hi, neil. this controversial fist bump has drawn condemnation from across the political spectrum, across the media, the washington post publishers condemning it and saying it gave mbs basically the approval that he had so desperately been seeking from biden s visit. the president holding that press conference and affirming that he did bring up jamal khaishoggi s name in his meeting with the count prince. listen to what he said. i raised it at the top of the meeting making it clear what i thought at the time and what i think of it now. exactly it s straightforward and direct in discussing it. i made my crew crystal clear. i said straightforwardly, for an american to be silent on an issue of human rights is inconsist tint with who we are and who i am. i ll always stand up for our values. the president says that mbs responded saying that he w
Jonathan ferro and lisa abramovitz. Tom i saw him on a cruise, what a great turnout on the cruise. Catherine greifeld joins us this morning. She is here and she will explain white piquant is popping by bitcoin is popping she will explain why bitcoin is popping. Yields are up. Things are little better but i walk in and i look at the bloomberg terminal, 8. 04 on the bankrate 30 year mortgage and we are subtly solidly in a percent 8 . Lisa we have seen this incredible fluctuation, 20 basis points in a couple days in the long end of the yield curve and people say volatility cannot continue or can it. They are forgetting the levels. It causes a different reality for people financing the nuts and bolts of their businesses and their lives. Tom Economic Analysis with bramo. The media wants to go, they going to die. Microsoft was like a charm. If this is exactly what we were to see, microsoft is on target. Lisa the fact that you had two but he lives comprising 10 of the entire s p index coming