Thats still a threat a new stimulus plan high seed out still but maybe this is a buy on the dip day for big tech. The big five are off to a good start, you will see it all in a moment, plenty of green on the screen this morning, the debate joe biden says the president is not smart and he does not know much about Foreign Policy or domestic policy and he will come out swinging in the debate tomorrow night. The president wants biden to take a drug test before the debate and hes asking where is hunter biden, 36 hours ago, get separate tv ratings record, judge barrett facing harsh personal criticism, democrat activists are calling her a white colonizer for adapting to haitian children in senator feinsteins attack on her catholicism keeps popping up all over the place. Judge barrett starts makin meetg tomorrow and several refused to meet her including senator schumer, the hearings can begin in two weeks around october the 12th getting close, what a day and what a week, jobs day friday and Va
Earnings from nvidia delivering on the Monetary Policy front. We saw how the fomc minutes came in more hawkish perhaps more than powell led on during his speech and that is bringing a resurgence in the dollar and putting pressure on asian currencies, particularly on the chinese yen. Pboc seems to be leaning in. They said that six at the weakest level since january, allowing declines. We see the korean won under pressure no thanks to the strengthen the dollar but it mostly held steady after the bok kept rates unchanged as expected. Yen has been moving up towards 156. 9 earlier the session, i want to highlight what we see in chinese equities, it declines on a day where other counterparts are gaining. There also concerns about geopolitical tensions. Hang seng leading declines dragging the index down. Csi three hundred, material stocks but as you say it is about nvidia and about how even though there was a high bar, it really delivered on what we hear from the ceo, it sounds like more is t
As Iraqi Forces Advance on kir kuk. Road m as we kick off a busy week for earnings. Plus a win for workers, the white house pitching the tax cut plan countering democratic criticism and seeing middle class americans would see incomes rise. Eye on subs, netflix after the bell and is expected to hit another record today stocks are looking to hit record highs, dow and s p 500 coming off five straight weeks of gains. Yellen saying the ongoing strength will warrant a gradual increase in rates. Meantime oil prices are higher this fighting between iraqi and Kurdish Fighting escalating and wti up almost a buck. 600,000 barrels in play and you also have to believe the area being destabilized has made it at least for a couple of days you get over 50. Ive got to tell you, ive got at least a dozen Oil Companies i monday ter that will be in there selling again today. They have to sell because they are exceeding their cash flow. So when you see 52, you need to see a breakout to like 56 to realize th
We are checking markets in the asiapacific. Stocks gaining a 10th of 1 . New Zealand Dollar continues to strengthen on the weaker u. S. Dollar. Counting down to openings. Futures and sydney pointing to a lower open, but flat on the session. , but wee how it goes did see a selloff in australia on friday. Onck out that aussie dollar the back of u. S. Dollar weakness. When we talk about strength, lets take a look at japan. This is the level right now. At the 18 month high, and worrying exporters and the boj. Futures in chicago pointing to a higher open as oil climbs as well. Yen, searching last week to the highest level since 2014. This is a rally that has confounded most currency strategist. Were taking a look into this. Theres one to you that says we should be looking at the yen through the prism of the bond market. , traders,estors everyone scrambling to explain this meteor ascent for the japanese currency. Through at make sense lot of metrics. Theres no indications that abenomics is t
We dont know if this is politically motivated. There are some indications that it could be. Threatgovernment cited a posed by the Islamic State and raise the terror rating. A sweeping victory in japan gives the Prime Minister a mandate for his reform package. It forced leader of the opposition to resign. Thirdsnt more than two of the seats in japans parliament. Obama congress is getting a green light for stricter sanctions on russia. It allows them to send russian weapons to ukraine. It is the largest leveraged buyout this year. A group led by a British Company is buying petsmart. Beat out another firm. Petsmart has been hurt by other retailers. Holidays,et near the its the busiest day of the year , mailing day. This is a rush for the Postal Service. Henan 40 handle a six million cars and the packages today. The post office as you can wait until the 20th. Amazon is saving the u. S. Postal service. Lets do a day to check. A nuanced data check. Yield does nothing. Its back to where it wa