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About 24 hours away from the first debate between president ial contenders joe biden and donald trump. It also brings forward the conversation about wealth disparity in the u. S. The wealthy and businesses looking to take advantage of the tax system. Missable budgets are strained amid the pandemic. Just this weekend, asking for low tax, well governed states to give him a call, he is looking to move may be. This whole theme today back in the spotlight. President trump responding to that New York Times report yesterday. Pres. Trump total fake news. Actually, i paid tax. You will see that as soon as my tax returns. It is under audit and they have been under audit for a long time. Predictably, trump calling the report fake news, but not refuting it in any way and, and of course he could by releasing his taxes. That report and more coming. Romaine for all of the ethical and character issues that this may raise, it does not appear that ....
Shortly. Onhave got hopes of progress a vaccine and signals that they are making progress in terms of the u. S. China trade tensions. Both of those really firmly supporting the risk rally that we are seeing. Let me show you the state of play with the stoxx story. The back ofming off record highs in u. S. Stocks. The good times might not last, according to morgan stanley. They are saying the market is vulnerable to shocks, especially rising rates. Treasuries are on the back foot as we speak. We are looking at a weaker greenback. 830. Dollar at 1. 1 yeah,ps a little bit of a strange one given the wider risk appetite. The folks at pimco saying the gold rally is it played out yet is not played out yet. They believe gold remains attractively valued, especially in the context of low Interest Rates. Here are some of the stories we are watching. Both of the u. S. And china are seeing progress under their phase one trade deal. They are com ....
People disappear from westminster and it is quiet. You have been reading about the problems, and that is something on the social scene i suppose, and the controversy over which songs should end the problems, a musical event that happens every year. Of course it is much scaledback. I am preoccupied by the latest comings and goings. Tom we have Economic Data on thursday, jobless claims. What is the trend of the economy that you see . Right now in america aims to be almost a two art economy, very separate. A twopart economy, very separate. Anna we are talking this morning about the kshaped recovery. Going to john olsens great piece this moaning about how tech stocks do well, value stocks, other left behind sectors not doing as well. Even as we look at the u. S. Right now. Also really dominating in the news overnight. Anna a recovery, kitd juckes writing on that as well. An unusual august. For our briefing with first word news, there i ....
Now. New data points to a sluggish economic recovery as payroll, points in the beige book shows a modest increase in activity. 59 minutes until the close were set to have another record highs for s p and nasdaq up 1. 2 on s p 500, sara its utilities leading the way higher for a change. Coming up on todays show, Galaxy Digital back to weigh in on the rally as it carries over into september were going to ask where hes putting money to work right now. Weve got an interesting mix of earnings coming your way after the bell, including work from home like cloud strike, those are hot, hot Cloud CompaniesApparel Company pvh and well talk to manny tirico, calvin klein and Tommy Hilfiger mike santoli tracking Market Action< ....