Last 400 days is we are finally on dollar support. We will talk about this through the show. On dxy, the blended dollar index , with strong euro contribution, we are really on the support of a signal to a weaker dollar. Jonathan it is the trait everyone would hope would develop it is the trade everyone was hoping would develop. We see that on the screen this morning. It is a tugofwar between pretty negative corporate guidance and the vaccine hopes that started yesterday evening. Lisa i would argue that the vaccine hopes are very much in the front of peoples mind this morning. The question of whether moderna can jack up production, as well as the Regulatory Approval they need to get this out and distributed. Meanwhile, more guidance from the big banks. Goldman reporting in about a half hours time. At 2 00 p. M. , the fed releases their july beige book. Some indication of how businesses are changing their expectations based on the resurgence in virus cases. Also today, opecplus meeting t
No question about it. I was on the Police Scanner last night, and just absolutely extraordinary to see the police of new york monitor the peaceful to wheres people moved they were going not at the exact moment of curfew, but an hour or two later. Absolutely, the media has it right this morning, it was a relative calm. Compared relative calm to the chaos of the last several nights before. And i think to sharpen the focus, the labor market data that comes today and continues into friday. Have adp today, then claims tomorrow. People modeling under 2 million claims, which would be constructive to that really ugly may report. It is a lagging indicator. Theres nothing lacking about the hardship that all americans are facing. Everyone, even if they are employed, i really want to emphasize this, you are touched by this depression unemployment. Jonathan weve said it repeatedly on this program, that those words we hear every week about things getting better, a little comfort getting comfortof li