Anna edwards is in for jon ferro and lisa abramowicz. Ferro taking the entire month off. Lisa only taking half the month off. We are thrilled anna edwards could join us today as well. Remember when augusts were boring . August is no longer boring, is it . Anna i remember when all of europe went on holiday in august, but no longer. We got alltime highs on u. S. Stocks. Is that really out of kilter with the underlying u. S. Economy comes with the underlying global ok . Omic story, and is that tom the persistency across yields is amazing. Yields come up 4, 5, 6 days, and they roll over and come back down. We are not through to new lows in the last number of weeks on yield, but nevertheless, watching that very closely. We will get to that with an important guest any moment. David malpass with us later in the hour. I want to go to a story which we have been covering the last number of days. For me in america, it has gone radio silent. That is belarus. This is between poland and russia, with
Target like i mentioned is up big on the numbers, but Abigail Doolittle joins us now. Give us the highlights. Abigail investors are excited about this stock having its best day. Expected, 24 than. 3 versus 8. 3 . The outlook is strong as you were mentioning. A lot of strength for target and it seems like folks are really stocking up through the pandemic. And they are also doing it from an online perspective. Helping lows as well, lowes a good, and they put out quarter as consumers were improving their homes. Up 35 versus the estimate of 21 of the stock being rewarded. Even with lowes bigticket items up 135 . Down seven point 5 , and it seems like the treasure craze fading out of luck. Investors are not positive on the idea that the Current Quarter could be difficult and they are bringing down supplies for halloween. There we have targets numbers. 11 , but digital is unbelievable up nearly 200 as americans are shopping from home. Brian cornell is encouraged by the online and encouraged
Housing starts surge 2ging 22 n july countdown to a record. We are above it right now. But as we have said, we have been there before. 59 minutes until its official will today be the day . I dont know, mike san toll ji not here. If you missed out on the markets stunning rally, is it too late to jump in now . Well ask founder Mike Novogratz for his take and a world of difference. How much the Global Economy has been altered and the challenge thats remain with David Melpass. Lets get to the stories were watching bob pisani is marking the action sara has new details on one of the biggest earnings and bob, lets start off with you. Its technology. There is the tech on the upside. A little Consumer Discretionary. That is amazon and advance auto parts. This the he do very good retailers lagging behind here. Thats how important they are. Those are not typos. Apple, 42 the stocks all major reasons why were at new highs today as for the retailers, yeah, we are at new highs at the open at home de
Expiring ones. The dollar index in weakness, 1200 right now and continues to slide down over the past four weeks. The dollar moving average 200 day the lowest average in recent weeks. Citi says looking at a 30 possibility that gold will get to 2000 an ounce in three to five months. Stocks rebounded yesterday after slumping 5 . China up 1. 3 , turnover has receded from its highest levels since 2015. The hang seng up 1. 6 , biggest increase since july 6. Tencent adding 5 . Alibaba is the one to watch, surging 5 . Ant financial look at where we are in terms of the Southeast Asian markets. China up by 0. 5 . Sti up 0. 7 . Theaad we also have European Union leaders running a policy marathon as there planned two day meeting to pass a massive Recovery Fund. In the u. S. , republicans and democrats are starting to hammer out a budget plan this week. Our policy editor Kathleen Hays is with us. In both cases, agreeing on a we are getting some murmurs of an agreement. We certainly are, and we kno
More than 3 higher. Shares in astrazeneca hit a record high as the giant prepares to release positive news on the covid19 vaccine and julius bar with a drop in assets under management but a record high net profit and stresses it is well prepared for a challenging second half. European leaders remain deadlock after a drawn out three day summit over the budget and recovery they will resume talks today over how to allocate the money and urging his colleagues to approve the Recovery Fund, italian Prime Minister pushed for unity emphasizing that the pandemic has effected the whole block. Were going through a stalemate. This looks like its very complicated. More complicated than expected theres many issues were discussing and were not yet able to resolve and i have invited all eu leaders to converge to approve the next generation eu which is a plan for european recovery. Over the weekend a lot of negative headlines around the stick point, the size of the fund, between grants and loans and no