Anchor alibaba investors headed to hong kong. Under threat for the covid19 resurgence, the Unemployment Rate will jump in the next two months, and the republicans launch their National Convention on monday, with a new poll that suggests their supporters like the economy and the government handling of the coronavirus. Lets get a quick check of how the markets are trading, up 2 10 of 1 , this, of course, after we had another rally on friday session, the nasdaq gaining 4 10 of 1 . Data,e plaza positive and a record in july helped by chief borrowing costs. Homebuilders lead that round in the s p 500, which was up for a fourth straight week. We have seen really records for the s p in the last week, and the sector that gained the most ground was tech. In the moment, Holding Steady after gains on friday, but we trend, down around 10 since the march i. Taking a look at what oil is doing, reversing some of the losses we saw on friday, above 42 a barrel at the moment. We saw it pare back the wee
Ahead of testimony. Will he provide a clue as to the Central Banks path after july . Forecasts net inflows in the first half despite an overall loss of 14 million francs. Scherzer called hire at the start of european trading. U. K. Mps backup plan to prevent a no deal brexit but Gordon Johnson refuses to rule out suspending parliament in a debate with jeremy hunt. Welcome to the European Market open. Session inkluster the asian markets, range bound on many markets waiting for Jerome Powell. It looks like we will be range bound at the start of the trading day in europe. Here came futures pointing flat with a slight downward bias. A few interesting corporate stories and global stories that might be expressed through european equities. This is the gmm function on the bloomberg on the asian session. It flags any outsized moves based on standard deviations. Weve got some markets to the upside in asia but the overall move in the asian market is pretty balanced. In a Holding Pattern in Global
Needs an ai moment and this will qualify and well bring you all of the headlines this hour three buckets of the health care names. This is one of them. Our guest says buy it. It has the business best model in pharma and its not eli lilly. Hes here to make his case and Michael Santoli kicks things off at the New York Stock Exchange hi, kelly we have steady indexes here which means that the s p 500 is holding on to last weeks gains and holding on to this little 5 rebound rally weve had over the prior three weeks and to me, the story of the market, this latest pace started six weeks ago at the alltime highs and that was the last trading day of the quarter and to me it was the moment of maximum confidence in the scenario and it was right after the fed sort of confirmed the expectation of three rate cuts in the dot plot about a week before. The First Quarter gdp was looking great. Earnings anticipation was running high so i think that weve had tests on both those fronts and obviously, a thi
Describe todays session torn between the ecstasy of victory from the near passage of a very pro business tax bill, and the agony of consternation over the russia investigation taking a more serious turn oh, yeah volatile day dow only closing down 41 points. It was down 350 at one point the s p backsiding 0. 2 a lot of pressure on the tech stocks were in an unchartered waters when the serious investigator is building a case seemingly against the president of the United States. A special Counsel Robert Mueller seems to be doing that i found myself thinking, will we have impeachment hearing, a ton of president ial pardons . How does president pence sound i defy anyone to tell me they didnt think those same thoughts when they saw the headlines that former National Security adviser mike flynn was flipping on his old compatriots. In the end though we dont know where this investigation will lead maybe nowhere. And while the tax bill looks close to a done deal, nothing could be certain there e
Flag. It is like a stroll. Tom ok a greece update their. There. We will have other headlines coming out on it. We need to brief you on greece. We begin our top headlines with vonnie quinn. Vonnie i want to mention that earnings are out as well expected to be 1. 04. Creditors and Alexis Tsipras are negotiating a third bailout. More than three dozen members of his party abandoned him in the final vote. Tsipras warned that the rest of the bell talks will not be easy. Pm tsipras this hard negotiation process is not end here. After the approval of this last package, according to the deal of july 12, we are obliged to negotiate again with the same persistence and fashion in order to negotiate on the terms of the loan. Vonnie tsipras promise to try to approve the final bailout deal. Secretary of state john kerry goes to make his case for the iran deal. Kerry and other officials will testify before the Senate Foreign relations committee. Congress has 60 days to review the agreement. Obama said