Weaker byh pound is 9 10 of 1 . Picture withig tina fordham, avonhurst partner and head of Global Political strategies. She joins us from london. States we are 57 days away from the election and still no stimulus insight, even though the senate is back. It does not look like the president and democrats are ao any page that would be considered similao similar. Where do we go from here . Tina i think another round of stimulus should be a foregone conclusion. This haggling we are seeing, Congress Just back from recess, is what you would expect to see. Each side wants to see they are driving a hard bargain. Look at the language used by the two different sides. Republicans say the president wants nothing more then to write checks for american families. Democrats say the stimulus is not just skinny, it is emaciated. But we are going to get there because we have to. Ands a political imperative not just an election year, but with an election coming days nobody wants to pull the plug. Vonnie it
Battered by the covert 19 outbreak we take a deep dive into the fate of the industry with expert analysis with a packed show today so lets dive right in. And we lead the program with the latest jobs at this 6 in the United States now the u. S. Labor Department Said thursday initial jobless claims for the week ending the 15th of august came in just over one point 1000000. 00 analysts had expected a downward trend to continue after claims fell below 1000000. 00 for the 1st time in nearly 5 months the week prior now the Labor Department also reported that continuing claims which measure those receiving benefits for at least 2 weeks declined by more than 630000 leaving those still seeking benefits at just over 14800000 but well below the nearly 25000000 witnessed back in may prior to the release of these latest figures white house economic adviser larry kudlow told reporters wednesday the countrys economy is rebounding. Quote very very strongly adding that its on a selfsustaining recovery
Unprecedented disruption the swiss luxury giant flags a strong recovery in china heineken trades lower as the beer maker plunges prompting the group to intensify cost cuts. In frankfurt, the ecb faces a crucial test will look to prove that it has more fire power needed we bring you more coverage to this runup to decision time. The chinese stock markets plunged into the close despite encouraging growth data. Shanghai composite 4. 5 lower. Marking the worst daily performance in each index since february the china gdp grew rebounding from the First Quarter recession as they use the lockdown and First Quarter stimulus more on the chinese data. A bounce back from growth from q 2 after strict lockdowns and travel restrictions and some of that stimulus kicked in if you look at that key data for the month of june, industrial output lead to the recovery and third output growth of 4. 8 suggesting demand is improving fixed asset improvement fell 4. 81 . Also better than expectations and retail sa
2020 the Investment Committee is ready to go. Halftime report starts right now. Welcome good to have you with us our Investment Committee with us today. Jim, the brothers, megan and cnbcs jim cramer. He, the host of mad money. Stocks up for the first time in four days. Trade headlines again the stories, still the worst week for the dow in four months investors getting whip saw ed b the deal no deal drama jim, just call me when a deal and im done okay i cant deal with this day in, day out. Theres a deal, theres no deal. May not wait, may not have one before the election. Were close, were not close i was a judge on the apprentice for many years. There are always two sides i have to tell you, many time, sworn about what happened in the actual room, but we wanted these guys to be pitted against each other. The ratings wouldnt go down if it was just resolve like this. We had to kind of have an eliminati elimination. You got kudlow schwartzm schwartzman, navarro perhaps. So what happens is t
Advanced point 37 and indeed 73 after yesterdays nasty pasting. Its worth talking about why theyre suddenly piling back into these Growth Stocks with no hesitation. First, you may be wondering, cramer, who the heck is they . They are the money managers, the big ones on the day after a selloff like to take advantage of every dip to do buying because theyve gotten so few chances to pick up stocks at bargain prices of late. Many investors look at selloffs like yesterday and say, oh, boy, here it comes, look out, the sky is falling. They started out very bold, like, hey, im here, im buying, buy buy buy. My twitter feed. After that last wave of selling they were washed up, lifeless, like drift wood orn some god forsaken beach. Then, depending on their political orientation they blame President Trump or his opponent for making his market uninvestable. And im sure somebody took their bat and ball and they went home. To heck with this market because they cant see a way out of the dilemma our c