Here lea lets debate that today. Good to see everybody. Lets take you right to the boards and show you where we are trading. The dow is at 23 about 300 point gain S P Still Holding on the a 1 gain as is the nasdaq. Theres a russell at the far right hand side of your screen up just about 2 all right, jim, youre holding onto this cash we have come a long way from the bottom s p is up 26 . Nasdaq up 25 take stock of where we are and where you thip we may nk we may here taking stock of where we are, the price market has priced in var shaped recovery in economy and profits. That shows that 2021 earnings, they are looking for the best ever i disagree with that i think you will see a recovery in 2021 but not a v shaped recovery, a u shaped recovery. As the stock market comes to grips with that, im still preaching caution and patience i see the move today and yesterday. I have the 12 cash. I feel a bit uneasy about it i got to say i expect more bad news on the virus, on the Economic Impact and
Coming to you live from bloombergs asian headquarters in hong kong. Checking in on markets in asia this morning to new zealand, we have the Second Quarter jobs numbers out with the Unemployment Rate coming in line with estimates at 5. 9 . Stocks currently rising 2 10 of 1 . 6536. Olding at we are counting down to the openings of australia, japan and south korea. Japan seeing downward trend. Down 2 10 of a percent. Futures now pointing to a slightly higher open. The dollar yen at 124. 35. We will stick with the markets with some relief for commodities and oil came back from a sixmonth low. That was not enough to lift equities in the u. S. Su keenan been tracking the action on wall street. Su we definitely salw oil rebound. We also saw stocks slide and th at was as you had to focus on earnings which continues. Results were negative. That stock got hit by about 10 . The real focus though has been on apple whose shares have been down since it reported earnings more than one week ago. It wa
Those comments the goal here is to win elections in november. Back in 2010 and 2012 we nominated several candidates, christine odonnell, sharon engle, todd aiken, richard murdoch, theyre not in the senate, and the reason for that was they were not able to appeal to a broader electorate in the general election. My goal as leader of the Republican Party in the senate to keep news the majority. The way you do that is not complicated. You have to nominate people who can actually win because winners make policy and losers go home of we changed the Business Model in 2014. We nominated people who could win everywhere. We took majority in the senate. We had one skirmish in 2016. We kept the majority in the senate. So our operating approach will be, to support our incumbents, and in open seats, to seek to help nominate people who can actually win in november. That is my approach. That is the way, that is the way you keep a governing majority. [shouting questions] reporter mr. President , earlie
Rainy today. Stocks pushed down by tumbling Energy Prices which neared fresh sixyear lows by the end of the session. Global supplies outstripped demand and just today Goldman Sachs last forecast on oil calling for further declines in the prices in the year ahead. At the nymex today, domestic Oil Prices Fell another 4 . Down 2. 29 a barrel. Closing at 46. The lowest since april of 2009. Foreign brent crude was down even more falling 2. 68 a barrel. The lowest since march of 09. With oil prices in freefall, many are asking not just how low can oil go but how low is too low. Jackie dangelis has more. Reporter the crude crash continues with no end in sight. Prices on both sides of the atlantic now under 50 a barrel. While cheap crude means consumers could save 50 to 75 billion on gas this year according to aaa, many are wondering how low is too low for oil. The Tipping Point where the drag on the economy outweighs the pickup in consumer spending. Were in the beginning part of the price zon
Rainy today. Stocks pushed down by tumbling Energy Prices which neared fresh sixyear lows by the end of the session. Global supplies outstripped demand and just today Goldman Sachs last forecast on oil calling for further declines in the prices in the year ahead. At the nymex today, domestic Oil Prices Fell another 4 . Down 2. 29 a barrel. Closing at 46. The lowest since april of 2009. Foreign brent crude was down even more falling 2. 68 a barrel. The lowest since march of 09. With oil prices in freefall, many are asking not just how low can oil go but how low is too low. Jackie dangelis has more. Reporter the crude crash continues with no end in sight. Prices on both sides of the atlantic now under 50 a barrel. While cheap crude means consumers could save 50 to 75 billion on gas this year according to aaa, many are wondering how low is too low for oil. The Tipping Point where the drag on the economy outweighs the pickup in consumer spending. Were in the beginning part of the price zon