India may miss growth targets as the virus cripples the outlook. Intel plunged after its new chip reduction process was delayed again. The company is under pressure as customers increasingly turn to rivals for chips. We are just getting pmi data out of australia crossing the bloomberg. The pmi actually rising to a record high in july. This is a preliminary number for services coming in at 58. 5. Manufacturing pmi also higher, 53. 4 from 51. 2. Composite at 57. 9. A big jump from the 52. 7 in the previous reading. That returnecting to some semblance of normality as part of australia exit the stricter lockdown. Going forward will be key given we are seeing a fresh sixweek lockdown from victoria. Lets take a look at how we are setting up this friday session. U. S. Stocks falling to the lowest in about a week after unexpectedly high jobless claims rekindling worries of the economic recovery stalling. We are seeing more recovery when it comes to trading in futures contracts come up about. 2
From europe and the u. S. Here are your markets. We are seeing a little bit of flatlining for european stocks. Try to figure out exactly what will happen when President Trump meets with president xi jinping. The u. S. 10 year yield is holding just about 2 . Brent at 66. 34. We are seeing a big move with gold. It is the last trading day of the month, so watch out for any volatility. What marlon is doing merlin, announcing a couple of private equities were learning at the company. They are the owner of madame tussaud, amongst other entertainment things in london. Coming up, more from our exclusive interview with the the with the fran San Francisco fed president. Lets get straight to bloomberg first word news. Ifit is too early to know the Federal Reserve should cut rates, according to San Francisco fed president mary daly. They are widely expected to cut in july. We spoke exclusively with mary daly at the aspen ideas festival in colorado. If the data comes in and shows significant weaken
Principals and superintendents to say that you have kids in the region qualifying yet only 40 kids are taking it. N you look at your taxes when i had to subsidize my classrooms, it made me very angry. Andy, what is your take on these results . Well, Big Questions about what the future of state and federal policy are going to look like. It looks like the nation is rebelling 35, maybe 40 years of the drift of policy on this. What i mean is there is a sense that americas local system of schools werent getting the job done in the way we need them to. Say, the late 1970s, early 1980s, scores on the sats and so forth. There has been this impulse to centralize more and more. We have the accountability movements of the 1980s and 1990s. The apotheosis of accountability. Top,we had race to the where we get more and more power in the State Government and at the federal government. Going through these results, it is remarkable i use the term technocrat, the idea that a central administrator with T
Service. Daughter, i had a special window into how she served. I have seen her holding the hands of mothers worried about how they will get their children the health care it they need. I saw my mother promising to do everything she could to help. I have seen her right after those conversations heading straight to work figuring out what she could do, who she could call, how fast she could get results. She always feels like there is not a moment to lose. Thatse she knows that for mother, for that to family, there isnt. Time, how me all the do she do it . How do she keep going amid the sound and the fury of politics . Heres how. Ever because she never forgets who she is fighting for. [applause] Chelsea Clinton she has worked to make it easier for foster kids to get adopted. Responders torst get the health care they deserve. For women around the world to be safe, to be treated with dignity, and into have more opportunities. These, they are what keep my mother going. They grab her heart and
Many have argued that donald would harm our National Security if he were elected president. The fact is he has already done damage just by running for president. [cheers and applause] he has undermined our fight but alienatingsm our muslim partners, he has weekend arts ending in the world walk awaytening to from our friends and allies and by encouraging more countries to get nuclear weapons. Donald trump also has a strange admiration for dictators. About Vladimir Putin, donald trump said in terms of leadership, hes getting an a. A trumpet victory in november would the a gift to Vladimir Putin and given what we have learned about the russians ration actions, Vladimir Putin win. To see when [applause] and that should worry every american. Take it from someone who fled the iron curtain. I know what happens when you give the russians a green light. Trumps dark vision of america, one thats isolated in the world and alienated from our allies would be a disaster. We must make sure this never