Should be defunded, the left is worried that the president may rally the countrys morale and they cannot have that, Speaker Pelosi, treasury secretary mnuchin, they will talked again about the stimulus plan, the far apart on the size of the package but they agree on extending emergency payment, they are still talking, nbc held a town hall for joe biden last night, no questions about packing the court, offering statehood to puerto rico in washington, d. C. , who the democrats were put on the Supreme Court, it really was soft ball city, maybe that changes in the Vice President ial debate tomorrow night, mike pence faces off against Kamala Harris, plexi glass screens will separate them. 910 minute segments, the president s leadership on covid and mike pence pushing hard on the issues, this could be the turning point in the election which is four weeks away. All of that is politics, now money, big gains across the board monday for the stockpackas morning, the dow industrial looking at 130p
It sums up everything that you need to know in the markets. Equities are down, which means you are getting a flock into full faith and credit. You are getting massive dollar weakness for three straight days. The weakest we have seen on the dollar since 2018. The story of the week, all about gold. Investors watching back in as a hedge against low rates. Big concern about the trajectory of this economy. As i mentioned, some of that trajectory is coming from the fed. They are extending most of their emergency Lending Program until the end of the year in an effort to support the economy amid the pandemic. The fomc kicks off their twoday meeting in washington with a Rate Decision due tomorrow. We are joined by Kevin Nicholson riverfront investment group, Global Fixed Income ceo. I love days like this where i can get a fixed income guy talk about equities. You are talking about the tactical favoring of equities. How much is relative value, where a dividend yield is worth it to basis points o
Inland areas talking more about what to expect this monday. Still ahead your forecast back to you james all right, thank you john 7 oclock we do want to begin with the latest on the coronavirus and the numbers show that at least 33 states now are seeing cases rise on a week to week basis and heres a look. At the current map which shows us the number of cases compared to last week youll notice 8 states are highlighted in dark red. Those are places where weve seen a 50 increase in cases from one week to the next california is included in that group. Meanwhile 25 states are indicated in orange, those are places where were seeing a 10 to 50 increase in coronavirus numbers. Right now we have more than 3. 3 million infections with more than a 135,000 deaths reported across the country the worst by the way is in florida now surpassing a new york as the nations hot spot with the most career i co coronavirus cases. Anywhere in the bay area. We have more counties going on the states watch list a
Oversees the office of Surgeon General and u. S. Public Service Health commission core. And theres a historic new plan to end the hiv epidemic, the National Vaccines plan and across Agency Effort to improve the outcome of patients with Sickle Cell Disease. The doctor brings patient han handson to his work and leading americans to healthier lives. I want to thank again bill pierce and worldwide for partnering on this breakfast perspective on Health Policy and with that im pleased to introduce now, admiral giroir. Well, thank you very much and im going to stand up if thats okay with everyone. Good morning and its great to be here joining you. Again, it has been two years now as they say in d. C. , the days are long, but the years are short and i can certainly agree with that. Its abouten quite an amazing two years with a lot of accomplishments and understanding of what we need to do. If i can get my slides up, please. Well, when we get our slides up, thats okay. So i am the 16th assistan
Court because some guy got stiffed over a sandwich. Its a relationshal story and i happening on this friday, august 30th as Worldwide Exchange, a free range show, begins right now. Stock futures are higher well show that to you in a second but look at this, if youre keeping score at home, these are your three topper forming sectors for the month of august. Its the final trading day after all. These are also the only three set to end the month in the green unless we get a super rally today which hey, we could. Dow futures are upright now. Utilities, real estate and Consumer Staples the worst performers, every month. Its energy. Energy again not a good run this week but it had a terrible run at the beginning of the month and Energy Financials and materials look like they will end the month lower although, i guess we get 3. 5 point run but probably not. As we get ready for the final day of august, trading day of august, lets see if this mini rally that were in can hold all major indexes t