Infection rates low in tokyo but hong kong says the situation is increasingly severe. Jack ma looks to make more headlines. He is aiming for a 200 billion valuation with between listings in hong kong and shanghai. Look at how take a we are setting up when it comes to the asian open. We have a lot of positivity carrying on from that session. Investors are backing that buy the dip trend. The nasdaq hitting the alltime high. The s p hitting positive for the year. S p active futures contracts a little bit lower at the moment but it seems like the positive. Evelopment on vaccines trading sideways if you will. The dollar was broadly weaker in g10 except for the yen. We had Dollar Strength and yen weakness overnight. That is the handle we are looking at ahead of Inflation Numbers out of japan and getting machine tool numbers as well as some Retail Sentiment numbers by way of Department Store sales. Crude and gold were both a little bit lower in the asian start to the session. Some positive de
All in this together on together make it. Stay safe everybody. Stay safe stay safe increase stay safe. How low can you go after the United States post historic declines the news from the euro isnt any less bleak quarterly numbers from across the continent show the staggering impact the coronavirus has had on the economy. Also coming up could an american takeover of take top quality u. S. Concerns about chinese buying. Say based on our friends here Everyone Wants a certain germany its a wonderful place to work as u. S. Troops prepare to withdraw from germany residents of the bavarian time where many of them are posted are fearing for their livelihoods. Business im paid ferguson welcome to the show. This week several Major Economies reported record lows in the 2nd quarter today the eurozone economy countered its toll with a 12 percent drop in g. D. P. The figures show double digit declines across the board in spain an economy that relies heavily on tourism growth fell by a massive 18 on
I would not be surprised if we were seeing a 1 down move. Futures lower earlier. Silver higher. Stocks might not be doing much but some of the frothy money seems to be going to the precious metals. Silver up a fourth day in a row. Not surprisingly the dollar down for a fourth day is helping. Itll be interesting to see whether than the dollar index can hold on. A sleepy summer day. Tesla will be reporting after the bell. David except for silver. Abigail is focused on the silver question. Thanks to that report on the markets. A breaking headline the bloomberg. The chump the Trump Administration are reportedly weighing in interim unemployment deal that may extend the Unemployment Benefits even if they cannot get the stimulus deal done. Well be talking with republican senator from ohio they are in the program. We will ask him about that. In the meantime one of the biggest questions facing the country is how and when to open our school system. We want to talk to the leader of one of the Lar
Headlines. Fang with all the headlines in the greens, apple, amazon, netflix up 1. 5 . Tech remains hot, hot, hot. Still to come, definitely coming on todays show, coronavirus cases climb and states continue to rethink their opening plans. Well speak with fed chair James Bullard, what it means for the economy. Shares of Taylor Morrison posted record sales well speak to the ceo about whats driving the strength in the housing mark up a third of the percent. Lets start focusing on the big stories. Mike santoli tracking the markets, meg tirrell with the rising case count and courtney watching flags in the Retail Sector mike, lets kick things off with you. Market idling right here, holding above the flat line for the moment it seems like stealth pullback consolidation weve had last few weeks, s p 500, talking about a summer trading range this is what we had last summer. It looked like that on a narrow basis. Scares in both directions. Were not there in terms of prolonged sideways action. Th
Fix failing businesses. Were out of business. We were out of business before, we just didnt know it. I make tough decisions. Gregs not in charge anymore. Im in charge. And i back them up with my own cash. Its not always pretty. Every days not gonna be like this . No, gonna get much worse. But this is business. Cut your losses and go home. I do it to save jobs. Things are going to change. And i do it to make money. This the profit. [theme music] nine years ago, amazing grapes opened its doors in the heart of orange county, a wealthy community about an hour south of los angeles. It was the vision of Greg Schroeder. This is good stuff. A wealthy real estate consultant who loved collecting wines and decided to turn his hobby into a business. We had to drive 35 miles to find the nearest fine wine store, and i thought, just open a store closer to home. Today, amazing grapes sells some of the finest wines in the world, and while the business generates about 3. 5 million in revenue, last year,