Charles the dow nearly 300 point higher, topping 27,000 as big banks beat this morning. Third quarter earnings season has indeed kicked off with a bang today. Jpmorgan, goldman, wells fargo, citigroup, blackrock all reported ahead of earnings open this morning. Just the two banks alone, jpmorgan, they have got 10,600 branches. They give us a great view of domestic economy. Jamie dimon saying the American Consumer is going strong. What does that mean for the stock Market Going Forward . Joining me nuveen equity strategist bob doll. Thanks for joining us. Thank you. Charles so far so good for the week 23 S P Companies reported. 91 have beat. Wont be all that good but what are we getting so far. The strength of consumer. We have yet to hear from Manufacturing Companies where things are more questionable. We need stabilization in manufacturing here and overseas. Germany, china, pmis, the isms, get a little stabilization there i think we get a lift. Charles when jamie dimon this morning tal
Performing. The s p lower after this data, now close to 2900 down three quarters of a percentage point. Most all company hills ,ompanies are alloy lower the 10 year yield down to 1. 46 percent today, oil and gas index the worst performer in the index. The dollar index had been exceptionally strong, still strong, having an impact on some other indices as well. Yuan, and a lot going on in britain, we are waiting for Boris Johnson. Absolutely. European equities are low as a result of that ism, and the big story over here will be what is happening with the pound continuing to sink a little earlier on fears about a possible general election. It bounced back a little bit, but nevertheless the outlook at the moment looking distinctly to the downside for the pound. We have guilds trading with a 38 basis points, amazing to see all this happening, some suggestion that they could even go negative in the event of a no deal brexit. Its all about the pound. Weve still got the italian situation devel
Return to growth. Results expected to confirm a 60 drop in operating profit rate and south korea Industrial Production for the month of june, when it comes to the seasonally adjusted monthtomonth we are seeing growth of 0. 2 . But still growth recovery from the contraction we saw in the previous. Estimates ofssing growth of 0. 3 . The number for may has been revised to a smaller concoction that it was thought initially, to a contraction of 1. 3 from a. Yearonyear, it is a bigger contraction than expected, a contraction of 2. 9 . The estimate was for a fall of 2 . It would mark the second consecutive month that the year on year gauge is in contraction for factory outputs and south korea. So both numbers missing estimates. The bigger fall is on the ronyear number from 2. 9 of 2. 0 . A down cycle in the Semiconductor Sector weighing on the economy. We are getting export numbers later in the week. That is also expected to contract for eight consecutive months. Already the first 20 days of
The president criticizes the fed and europe as powell testifies this week. Deutsche bank announcing massive job cuts, exitinging Global Equities business, a highlyanticipated 8. 3 billion Restructuring Plan, but will it be the last. Another controversy brewing at starbucks well tell you what has the company apologizing this morning. Late last week, the s p was at within striking distance of 3k. Since the release of the stronger than expected june jobs number on friday, stocks have fallen on dampened hopes of a fed rate cut as the chairman prepares to testify on the hill later this week the president ramps up his criticism of the fed over the weekend. Take a listen. Despite everything, theyre not doing well and were doing great. Theyre not doing well at all, were doing great. Were taking money out and Interest Rates have gone up. If the fed didnt do what it did or even half, we would have the dow that would be as good as it is, it is doing good, but we would have a dow that would be any
And you will reach you will come to the goal stay, glorious, happy and whole. I wish you a happy journey. I do not know how to repay you by erecting. Temple from the past and have been praised already but to wish you a happy journey. I wish you a happy journey. My friends my hope is faith, no regrets. I wish you a happy journey. Today at the lenkom theater Mark Zakharov s apartment on ntv dedicated to Alexander Abdulov today we celebrate the day at the lenkom theater the birth of the great actor of our great friend Alexander Abdulov, he would have turned 70 today. We were at home. With a bang. Record lenkom theater orchestra Mark Zakharova we will have many guests today, many friends of Alexander Abdulov and to begin with. I want to introduce you, well, probably the main person in the theater, the head of the lenkom theater Mark Zakharova, honored art worker mark borisovich warsaw dear friends, thank you that today we are all gathered here, because the occasion is great, in fact you ar