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Commentary plus back off the worst day and week of the week, the Company Reportedly looking to boost its efforts in a. I and elon musk and Mark Zuckerberg seemingly agreeing to that cage match, but some hurdles still ahead. Lets begin with the markets. The s p, nasdaq, as we said, coming off their worst week since march, jim that reversal friday didnt feel great. Oh, my. It took your breath away and i was watching them just saying, what happened . Is there some event . Did something happen that was exogenous . But then again, look, lets remember, bonds having a nice move today they were down 36. Now theyre only down 11 i thought that friday was one of those days where people just said, okay, weve had a great year now, lets just sit here and sit on our hands and that was what i was thinking to start my show tonight is to just sit on my hands, and i may do it. I just felt ....
Since late january, and we are extending the gains today. If you talk about what the catalysts are for the next leg of the rally, we ask the question whether the bulls have the upper hand once again. We know powell was not as hawkish as feared and yields calmed down, right, the bond market volatility dissipated for the moment and earnings are enough. Is all that good enough well, the quantitative tightening provides a nice liquidity backdrop to a rally. I think it can continue for a little bit. I think that shortrun focus, though, i think the momentum is here with us for now. The intermediate term, what you want to focus on is gdp revisions and can they continue to head higher . Can earnings deliver in the back half of the year . If i think those two things prove to be true, we could see more upside and this continue for a while. If theres a challenge to that, which at the moment doesnt look like there will be, but if theres a challenge to that i think you could see volatility. In the ....
Long hes been here, he said three days. The youngest victims of homelessness in San Francisco. What to do about a bay area crisis as neighbors put their Heads Together finding solutions. And gives it a long ride. Gone. Gone and so are the giants from the playoff picture. Give me one month. Ill do something that symbolizes freedom. Think you cant . Weve got a bay area swimmer defying age and the odds, saying you can. Halfway through the workweek, bay area, lets go. And we are jumping in with both feet as well. Good morning everybody. Im reed cowan. Its nice to have you here. Brr. I know. Looks scolded jumping into the water. Im gianna franco. But hopefully the temperatures are not going to be as cold as it would be in the bay. Hey darren. Good morning. Thanks for hanging out with us by the way. Jess is off today. Yeah, jess is off today. Glad to be here with you guys. We have a ....
Woodwork, the cost of hedging the index is above the annual average. Of bearish options has jumped. Some cloudss, forming when it comes to the hang sengs performance this year. Stocks,you chinese little changed. Red,ikkei 225 in the easing some of the days losses. I want to show you some movers we are watching in hong kong. Sinopec gaining this morning, jumping the most since december 2016. Wanda Hotels Falling after firsthalf results. We may have earnings the driver when it comes to the hang seng today, on the up for a second day. Rishaad thank you. Right, lets get you up to speed when it comes to first word news headlines. Lets get things started with china. The country has called on the u. S. To with draw sanctions. And russian entities are accused of funneling money or resources to on yang. The Foreign Ministry says it and thethe measures long arm jurisdiction of the un ....