Dozens are west it as protesters target the airport and subway network. Dozens arrested. Argentine in christ it again. Capital controls try to hold the country on the as the default. Reminder on how u. S. Stocks ended the session as we begin the trading week in asia. From the dow jones for the s p to the nasdaq, you have the close and stocks within a range of 0. 15 . Not much moving ahead of the long weekend in the u. S. This s prtly we see futures pair when they opened they were down a percent. They pulled back, maybe a reaction from friday. Mostly everything that is happened since friday. On friday, u. S. Consumer sentiment measured from the university of michigan closely watched survey hit as its lowest level since 2016. Everyone waiting for tariffs which went into effect on september 1. Chinas many factoring pmis, purchasing managers index, one of the most important numbers to watch for 70 countries, when it comes to manufacturing, a big problem a whopping from the trade war. China
We hear exclusively from eric rosengren. China is accused of using social media to undermine the protest in hong kong. Twitter and facebook delete a string of fake accounts. Shery how markets closed. It was another day of strong rally with the s p 500 gaining more than 1 . Every sector was in the green. Energy amtech led the gains. Lead the and tech gains. A positive sentiment with trade. That was reflected with the u. S. Dollar. It rallied to this years high. Gain 250 points. The nasdaq up 1. 4 . Doing much butt lets see how things will be shaping up in asia. Conviction investors will be tested with futures looking at a mixed session. Kiwi stops adding. 6 . We have the strong dollar to contend with which may put a damper on Risk Appetite for emerging markets today. We are on tech watch. We have xiaomis earnings on the lineup after baidus results came out overnight. Onay, were keeping an eye the rba meeting minutes. Trade data from taiwan and today rate the pbocs loan prime. A key mile
Obviously, a nice gain here as we rebound from yesterdays selloff the dow is up 265. Best day here since about the middle of june for the s p all sectors higher for july, boosted by names like twitter and micron on the past month the feds rate cut and earnings at qualcomm, though, top of mind for investors as we go into the first trading day of august. Still, our next guest says, remain overweight in tech until the next bear market jim paulison joins us along with our own mike santoli good morning, guys good to see you. Good morning, carl. Jim, youve been pretty constructive here. Obviously, youre not thrown by numbers like what ism gave us today. I actually think the data has by and large here been pretty good for the united states, carl you know, personal consumption, real personal consumption growth in the First Six Months of this year was up over 4 annualized pace its just bizarre to be talking about a weak economy with one of the strongest sixmonth consumption periods of the entir
Pursuing all the measures necessary to reduce our prison population and to reduce our prison population and to pursue a humane and liberal approach at the same time. I congratulate the Prime Minister on his election. Britain is establishing itself as a world leader on the technologies of the fourth industrial revolution. Will my right honourable friend support out my right honourable friend support our Small Businesses and start ups that create the wealth that fund our Public Services . I thank my honourable friend for all the good work he has done to promote british start ups, and i look forward to further conversations with him about ways to encourage that investment. The Prime Minister says he believes in the london living wage, yet so many cleaners in whitehall are not paid it. Will he commit today from the dispatch box that every single entry level worker and cleaner in whitehall will be paid the minimum wage, regardless of whether they work for the ministry ofjustice, internation
Slap the strongest fix ever, 1000 bits hired to stabilize the currency. Yet the currency is not looking at a gains even as we speak. It is also about the bond market rout happening globally, and we have seen in year yield surging 50 basis points in august alone, and when you surge the stocks go down. Msci asia index erasing some of the gains, up to its sixth straight day of losses. Benchmark and new zealand down. The benchmark and singapore also lower, and we have csi 300 index barely in positive territory. We have talks about how some companies are buying back their shares, not lifting sentiment as well. In the fx space, some green, aussie dollar up about what of 1 . You want yuan pretty flat. You have got to question, it is a weaker dollar story today, so how effective has of the yuan fix been . Take a look at where we are in terms of gold. Gold is up, oil surging beyond 80 per barrel. It begs the question what will that do for inflation and the fight against inflation . And terms of