That is better sequentially and Beat Estimates as well. I should point out that july was also revised higher. At a monthtomonth basis, looking at an increase of 4. 8 . It continues the story of the Housing Market on fire, very strong. That is going to bode very well for home sales. We are even seeing private equity going into buying homes to rent them out. A lot of the news coming out from washington over the last 24 hours. Currently, we have President Trump and the first lady paying their respects to Supreme Court Justice Ruth Bader ginsburg any moment. We are bringing you live pictures, and we will bring that to you live as well. Meanwhile, the president refuses to commit to a peaceful transfer of power as the peaceful transfer of power if the tally shows joe biden as the winner. He spoke at a News Conference yesterday. Pres. Trump we will have to see what happens. Ive been complaining very strongly about the ballots. The ballots are a disaster. People are rioting. Do you can bi do y
Caught my eye was the 3600 number that is where we are going according to Goldman Sachs chief u. S. Equity strategist david he wrote that the fall and the equity risk premium will be partially upset by a rise in bond yields, but the combination will ultimately boost the s p index by 3600 at by yearend and 3800 in 12 months time. It represented significant increase driven by valuation. Joining me now, Chris Watling longview, chief Market Strategist and ceo. A pretty bold call, chris. What do you think . Chris it is doable. It is not implausible. I think it depends on how much policy keeps on generating stimulus how much the policymakers keep on giving, if you like. We have seen congress go into recess. We have half had the package, half not, with the executive orders. Clearly the fed is giving and will continue to give. There is a lot of utility in the world can we keep getting stimulus packages. Singapore did something over the weekend, not a major player, but it is noble. There are cl
Poisoning. Lets get to the first word news with leighann gerrans. Shows joe a new poll biden has a doubledigit lead over President Trump. Ae democratic nominee has 5242 advantage. Meanwhile, the survey also says in theden has a 6 lead battleground state wisconsin. In germany, chancellor Angela Merkel is now ready to link the nord stream 2 gas pipeline the poisoning of a russian dissident. Merkel, whoift for said that the russian backed pipeline should be completed and remains a separate issue. The kremlin has said it sees no issue that germany will block nordstrom. Moscow has denied any involvement in the poisoning. Now in hong kong, protests have resumed after weeks of calm. Police arrested hundreds of people. Among other things, demonstrators were protesting the decision to delay Legislative Council relaxants for a year Council Elections for a year because of coronavirus. India has surpassed brazil as the second worst hit country. India reported more than 19,000 cases more than 90,00
I am Francine Lacqua in london. This is what the markets are looking like. Ofis more quiet because august, not so because of august 2020. The european shares are fluctuating, chinese stocks rally in, and oil up with the opec gathering this week. Travel agencies and Real Estate Companies were the biggest drags in the 600, with the dollar weakening against most of its peers. We will have more on the markets throughout the day, but now, lets get straight to the bloomberg first word news in london. Here is leighann gerrans. Leighann in the u. S. , House Speaker nancy pelosi is calling members back about the postal service, which has warned at least 46 states they may not be able to develop ballots on time for the november election amid operational changes and a funding cuts. President donald trump has said repeatedly and without evidence that voting by mail is subject to widespread fraud. Now, in new zealand, Prime Minister Jacinda Ardern has delayed the general election by four weeks unti
Michael its been a while since ive been able to give good news, so i will take as much time as i can hear. It doesnt happen very often, but it did happen in july. Manufacturing data betterthanexpected, particularly in europe with of increase for most major economy. Spain leading the way at 53 point five. Italy at 51. 9, france, 52. 4. The euro zone as a whole comes in at 51. 8. All of those numbers for the most part above what they had been in june. These are sentiment indexes that suggest that look at the comparison between june and july. We dont know whether they really incorporate the rebound in cases. In the states, we saw a much better than expected ism unemployment number of 54. 2, which suggests that maybe it did not capture it, or manufacturers managed to keep going through the covid outbreak. We are just now seeing covid start to show up more in europe again. That is something to keep an eye on. Several surveys show that while overall moment to miss revving up, momentum is rev