Spot index down. 75 . That giving a boost equities as well. Within the equity market, the stops outperforming confirm the narrative is about reopening more economic optimism. The best performers are the likes of airlines, travel stops, the Airlines Index and hotel index up 10 or 7 . In the economic front, it is the more growth sensitive sectors leading the pack. Industrials up 4 in todays session. David which is a big change, it seems to me. In the past it was all about tech and health care. Now we are starting to see stocks that only do well if we can get on top of the virus. Is that because we have hope we are getting past it or because theyve gotten beaten down so badly at some point it makes sense . Kailey it is a little bit of both. Financials and energy are the worst performing sectors yeartodate so there may be buying coming into the market given how depressed the valuations are, but the fact that it is the cyclical growth centric stocks that are outperforming. Investors may be
Just off the highs of the session. Lets have a quick look now at the Canadian Dollar and its performance. You see that bounce there by the u. S. Dollar versus the Canadian Dollar. That is after the bank of canada dropped Interest Rates by 50 basis points. It was anticipated the bank of canada would drop. , and manybasis points strategists saying this was to keep up with the Federal Reserve. You can see the Canadian Dollar 1. 3394. T guy today, the European Union coming out in warning of recession risks both for italy and france. Some speculation as well that italy is weighing shutting universities and schools. 600, we of the stoxx are up around 1 . Around decent volume today, which is worth noting. Netting 64 is where we are currently trading on the german tenyear. We continue to see a bid coming into the bond market. We are waiting up to see whether the bank of england is going to follow the fed. We are waiting to see whether the ecb is going to deliver further monetary stimulus as we
, acceptte has to decide the house plan or risk a christmas shutdown. Kevin cirilli is on capitol hill with the latest. We have been through this before. One of the prospects looking like at this point . Kevin it looks like at this point . Kevin it looks like they are going to kick the can. They are going to vote at 5 00 for a onemonth continuing resolution. It could get more complex when it gets to the senate. No locking no lawmaker wants to jinx it and by their ticket home because they want to wait and see what the senate is going to do. All indicators suggest that republicans are trying hard not to step on themselves one day after passing a tax reform package and would like to get out of here by close of business tomorrow but it is going to be up to the senate. Senator rand paul has concerns about surveillance programs. It is interesting it is going to be interesting to see how much noise he can make. David you also have senator collins who is holding a iou from majority leaders. Wh
This after china is not ready for reserve status just yet. Meanwhile, it floats its currency sending it lower. Supermarket sweep. Profits rise amid stronger online sales. A merger looks more likely. All right, good morning everyone. It is coming. Minutes from last months fed meeting show, most officials believe theyre approaching the first rate hike in nearly a decade. Steve breaks down the Market Reaction to the news. A controversial and even confusing set of minutes from the july fed meeting in which the markets clearly saw them as dovish recommending the best chance of a first rate hike in september but a lot of them seeing them as neutral and period even slightly hawkish. Peter said fomc minutes, get me an advil. He thought they leaned dovish. What they said is the conditions havent been achieved yet but hold on because the conditions for a hike were approaching they said. Some said the conditions either had been met or would be met shortly. Now it also said a prompt start to norma
Action. We will get june jobs figures in less than 30 minutes. A strong report would give more ammunition to fed policymakers leaning toward raising Interest Rates in september. 233,000 jobs. There will not be any more negotiations from greece and a new poll says the vote is simply too close to call. 47 of greece leaning toward a yes vote. 43 favor no endorsement of the governmentss position. This morning, the greek finance minister spoke with guy johnson about the proposal. If we sign that agreement, in 12 months, we will be even closer to insolvency. I am not going to put this question to people. It is a senseless question. They agree greece will want us to stay in euro. How to achieve that. Stephanie he also said he will quit if voters do not support the government the governments position. We will speak with Erik Schatzker in athens in just a minute. Matt a takeover in the Health Insurance industry again. The price is six . 8 billion in cap. Medicaid, health matt, health net an apa