Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
Successor to Ruth Bader Ginsburg this week. The democrats say there is no rush and any decision to wait for the election. Scott larson says he expects a jobs bounceback in australia has covid19 infection start to ease. We will expect the likelihood that victoria reports lower new cases. U. S. Futures under pressure now, down. 2 at the open. This after recite u. S. Stocks falling to a sixweek low last week, the tech selloff intensifies. The s p 500 lost ground for a third consecutive session. Nasdaq flat at the moment after the nasdaq 100 closed below its 50 day moving average. Pressure,crude under after oil has its best week since june. Warningsaudi arabias to opecplus cheaters and shortsellers which helped opec crisis stage a rally last week. Now under a little bit of pressure above the 40 per barrel level as we continue to see the Dollar Strength and in the last session. We do know the dollar has been under a lot of pressure and it is headed for the weakest quarter in a decade. Lets
Sure, the data is torturing us. Its a simulcast, Bloomberg Radio, bloomberg division. Jon ferro preparing for arsenal liverpool monday. Jim paulsen here on the equity markets. Lisa is focused on 3 00 p. M. Monday afternoon. Jonathan i was just shocked about how kind you were being to me at the top of the hour. Lets get to the turnaround in this equity market. A bounce off the low. In europe, still down hard on the equity benchmark in front ridge, germany in frankfurt, germany. The banks in europe are down for a seventh straight session. It is a tough ride for the financials when the outlook to the economy is not looking good, and the outlook for Interest Rates is just low for a long even longer, given what we have seen in the last couple of weeks. Tom its got to be a major theme into q4. That goes to the energy here on new york wall street, and how banks and global wall street may be will right size into the slower economy. Lisa and how do you write size at this point, given the cuts t
Blake burman at the white house. We have Lauren Simonetti watching the market action. Edward lawrence reporting from washington at the but on this up and down day, lauren, we start with you. Lauren lauren its with up and down day. I had to look over to see if stocks finished the green. It is changing constantly. This is the new normal. Investors are totally unsure how to price in politics. Not just the expected turbulence around the election, but the future of stimulus. Stocks got a major stimulus from comments on treasury secretary Steve Mnuchin he and House Speaker nancy pelosi theyre going to keep talking about a new relief bill as House Democrats reportedly are ready to scale down a package of their own. Doesnt mean it is going to happen up investors like they are talking. We call it the mnuchin maybe, maybe. The s p 500 avoiding falling into correction territory, up, after the closing bell by just nine points. Yes, it is positive on the year by a whole 16 points, guys. Take a look
And the aflcios Richard Trumka talks about Union Members and campaign 2020. Then priorities usa chairman guy cecil talks about his super pacs role in the election. Washington journal is next. Ccept yours i a nomination for Vice President of the United States of america. That was californias democratic senator, kamala this is the washington journal for august 20. Joe biden will accept his nomination. You can see that starting at 9 00 this evening. For the next hour your comments on the event of the Democratic Convention including senator harriss acceptance speech. Yo if you support joe biden, 202 7488000. If you support President Trump, 202 7488001. If you are undecided, 202 7488002. You can text us at 202 7488003. Cspanwj, and you can post on our facebook page. Our coverage starts at 9 00 tonight for the final night of the Democratic National convention which you will hear from joe biden and senator cory booker and the former mayor of south bend indiana, former president ial candidate,