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The democrats a multitrillion dollar socialist manifesto. Jonathan it is going to be a mess. Republicans negotiating with themselves, simultaneously negotiating with democrats. Tom its got to get to the end of july here. Kevin cirilli, we will talk to him through the morning, but the calendar urgency here is extraordinary. Jonathan as this week grows older, this week its a whole lot busier. Lisa we are heading into the fed meeting today. At 10 00 a. M. , we get Consumer Confidence data for july. Very interested to see how much this has been affected by the end in pandemic cases across the country. Starbuckst, visa and reporting earnings. 10 of s p stocks report results today for the second quarter, another eight percent tomorrow, 12 on thursday, so a big earnings week. , hashing out the stimulus. I am really interested in the mechanics of it. Shifting to the house, demanded to take that 200 of additional stimulus the republic ....
It is not but we are thrilled to have you here lets take a look at where the u. S. Equities are. Dow up by about 72 points. With these gains, the dow would actually erase the loss for the week at these levels s p up about eight points. S p up around 7. 5. Youll see the 10year note is yielding 1. 716 Global Markets continue to follow the headlines learning trade talks between u. S. And china are set to resume october 10 sources say Vice President premier lu will represent the delegation weve had lower level things happen but this is the next big event. Its the back drop amazing. Trump keeps plugging away. There is so many Business News headlines i think Portfolio Managers are losing sight we are coming up on the quarter. The dollar rally but most of the conversati ....
And crude is taking a spill as well our road map begins with breaking news as china retaliates announcing those new tariffs on u. S. Goods. Well go live to washington with details. The moment of truth. Jay powell is just an hour away from speaking out. Obviously the big event fed chair powell fed harker does not see a case. I am on hold right now. My forecast is just hold where we are for exact one of the reasons is that. I think we run the risk of creating too much leverage in the economy. My sense was we added accomodation and it was not required in my view. My view with this very low Unemployment Rate with wage rising with the inflation rates staying close to the feds target i think we are in a good place jim bohlullard made his caser lowering rate. Whats the market going to be the next five years. You adjust it for pc market is about 1 or 1. 1 inflation so we are supposed to hit our inflation target thats one reason why i a ....
Details. They are changing as we speak. Its all piling on as we see what could be another record day for the markets. Now, heres why i say that. Any gain for the nasdaq will be another record close, but right now, the nasdaq is down 15 points. The dow this morning crossed the magical 27,000 point level for the first time ever. We are still there. We are at 27,027. And the s p 500 again today topped 3,000 intraday, but you know, we couldnt close there yesterday. Will today be the day . Got to stay with me. We expect President Trump to make remarks at the white house during this hour. Hes scheduled to speak at something he put together, a social media summit. Our tech Panel Reading between the tweet lines, which might be a little difficult to have a social media segment here, because guess whos not invited to the social media summit . Two of the top social media people. Plus, p ....