Protesters call on President Trump to support their democracy drive. And Boris Johnson pushes ahead with his brexit campaign. Eu Officials Say talks in brussels have been farcical in useless. Kathleen lets look at how u. S. Stocks ended on friday. Mixed across the board. If you put it together, basically the stoxx ended st ocks ended up. The s p 500 gaining nearly 3 10 of 1 . Dowdow up 59 points and the the nasdaq down. There was the negative news for facebook. It was nevertheless all about , temporaryte jobs jobs. Less than 100,000 strong for government jobs. Hourly earnings, wages, at 3. 2 yearoveryear. At the end of the day, jay powell himself, the fed chair in his speech, said he is concerned about Global Developments and you can see stocks ending on the upside. Futures pointing to a gain in u. S. Stocks, but how are things looking in asia . Selina after u. S. Stocks barely eke dow gains on friday, were seeing the futures market point to a muted and mixed open here. Negative data o
The end, whether. Im a member of the Museum Foundation board. Campbell who just stepped in a moment ago was the president of the board so ive a stake the series of talks. Dean agreed to do this talk several months ago. The firstnd he was when i saw when i came in. So he is here. I think youre in for a pleasure , and hear some really neat things about what is happening in his career. And at the university of tennessee. Is an inventor and a computer engineer. He is local. He was raised in Jefferson City. He went to that Marvelous University of tennessee. How Many University of tennessee fans in here, show of hands. All right, way to go. So he got his first degree from the universe he of tennessee. And god his masters and doctorategot his masters and doctorate in electrical engineering. He lost his way from tennessee and ended up at stanford for his phd. Pretty good school. And we have some people here who know about that university. He is an ibm fellow. Is anyone in here firmly with the
A moment ago was the president of the board so ive a stake the series of talks. Dean agreed to do this talk several months ago. The firstnd he was when i saw when i came in. So he is here. I think youre in for a pleasure , and hear some really neat things about what is happening in his career. And at the university of tennessee. Is an inventor and a computer engineer. He is local. He was raised in Jefferson City. He went to that Marvelous University of tennessee. How Many University of tennessee fans in here, show of hands. All right, way to go. So he got his first degree from the universe he of tennessee. And god his masters and doctorategot his masters and doctorate in electrical engineering. He lost his way from tennessee and ended up at stanford for his phd. Pretty good school. And we have some people here who know about that university. He is an ibm fellow. Is anyone in here firmly with the ibm pc . Pc . Iliar with the ibm [laughter] can you tell what year you became familiar with
10year yield is below production broad base slow down in demand chewy debuts at the nyc and biden verses amazon. A lot for investors to digest today. Retail sales is the latest thing. I these are the people who ae focused on the feds. There is to reason to cut now because retail is not that bad may was okay not great, not bad what matters is this book. And it is significant because hock t hock tan missed by 2 billion revenues thats the president a billion of just the overall slow down. Now we are starting to get it. Now we are starting to see why the fed has to be worried. 22 billion in sales and it is being heard. That means everybody is being heard. If you miss what hock tan said last night, you got to listen to this piece in the Conference Call. It is clear that the u. S. china trade conflict including ahuawei is creating economic and uncertainty as a result, volatility have increase and our customers practically reducing inventory levels to manage risk. Maybe this gets the white ho
I keep on thinking, why cant we wait . War is note trade weighing on the outlook as much as we feared. I think you will have to price to a certain degree less than three cuts. The fed is in preemptive mood. It comes down to the discussion, do they want to make insurance cuts . What are we ensuring ourselves against . Jonathan to discuss, we have ian steely, the well core of invesco. It is a number one question following the payrolls report. What is the jobs number on july 5 mean for the fed meeting on july 1 . No doubt, the payrolls number was strung across the board but we dont think it means much. Definitely reduces the likelihood of 50 bits cut, priced in going into payrolls. In terms of the fed, communication will be key. They will after either have to deliver a cut with markets that are doing well, but cap powell seem to write that off in the q a section of the june meeting, or they will have to say they are not cutting but they are credible. Also at the beginning of the year they