We have a number of exclusive interviews for you. As always lets check on your markets. One of the things we watched the most. Rising, european stocks were up, they are turning a little bit lower. The risk on kicked off the week is starting to show signs of easing. Yields under recovery. Also looking at Sterling Sterling rallying. Well have plenty more in your markets. Lets get straight to the bloomberg news. Trump is escalating his threats against the World Health Organization, he is unhappy over its handling on the coronavirus pandemic and may personally just permit the cut u. S. Funding of it doesnt make sweeping reform bring saying the agency is to close to china. President xi gave the who his full backing. The u. S. Is going to have to suffer through a spike in virus cases as the economy reopens according to lowell lloyd banks Lloyd Blankfein break saying they can afford to wait afford to wait for vaccine before reopening. Most historical credits would have to acknowledge. Can i c
First republic and theyre not my main bank. Charles get the kisco ball . Liz disco ball, of course. Doesnt work if you dont have the disco ball. Chris thank you for the trade. The stocks are wiggle around here and anyway and the majors began losing afternoon gains after around 2 00 p. M. Eastern, thats when the Federal Reserve released the Second Quarter senior loan officer Opinion Survey and Dow Jones Industrials was already over the map and and the banker tightened a quarter for all loan categories and consumer real estate and auto loans and survey rerespondents and considering that on this last day of july and regional, zion, key, and top seven winners over the last 31 days and look at which index was on pace to grab the best performer of the month. Gold medal and big tech sucking up the oxygen in the room and turns out small and mid cap stocks rob the nasdaq of the win. We have 59 minutes left to trade on russell 2000 looking to close out july with 5. 8 gain. Nasdaq this, dont get
Aerkst prompting the retailer to turn its focus online. Shakeup in the skies. The airbus ceo, tom enders, announces his exit with the coo stepping down as well from troubled planemaker. And President Trump says the disney fox deal will be a great thing for jobs as ceo bob iger tells cnbc its a consumerfriendly tieup. Theres risk associated, whether you look at the price or the regulatory side or whether you look at the complexity of integrating companies this size. That risk was well worth taking on good morning, everybody. It is friday tgif lets see how the picture is trading in europe this morning we had a bit of a weakness over in the u. S. Trading session overnight. Dow jones and s p both ended the day lower after hitting intraday highs. Still some concerns about the tax bill being passed in congress, but well talk a little bit more about that later. And nikkei also did struggle in the overnight session, down despite Strong Manufacturing data the picture in europe is grim, stoxx 60
Arrival . First we start off with what were calling judgment day for the rally. The fed is expected to announce the end of the experiment known as qe. The beginning of the end starts tomorrow this as stocks hit a fresh record high, today the dow higher for eight straight sessions what will the fed do how will the market react tomorrow guy adami. I do think its extraordinarily important. Dan is going to yell at me i hope he does. If the fed were to have made this move a few years ago it could have caused a dramatic move in the equities market. The market is telling us now that were going to move from monetary stimulus to hopefully fiscal stimulus. I said to wait for me to finish. I think thats what the market is pricing theyre saying, theres a very good chance that President Trump and his administration will put through some of the initiatives that they want and this is why i think the market maintains its alltime high despite the fact that the fed is now reversing what has been eight y
Power launch starts now. Yeah, despite the dow being down a couple of points, another record day they have added value in your money. Inside the markets theres some big movers out there twitter on face for its best day since june still down 50 plus percent since going public what a comeback. Up 13 this year shares of ethan allen down about 4 saying business was hurt by all the hurricanes retail remains wrinkled. Losing half its value after warning on profits and getting two downgrades and breaking news equifax shares taking another dip. Taking down of one of its web pages on reports of another hack well have more on this developing story straight ahead. All right thank you very much. We begin this hour in d. C. President trump couldnt get any help from congress on health care now he is using his executive powers the power of the pen to make big changes to obamacare reporter thats right. The president frustrated up on capitol hill so hes taking some limited, unilateral action on health