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Obviously, a nice gain here as we rebound from yesterdays selloff the dow is up 265. Best day here since about the middle of june for the s p all sectors higher for july, boosted by names like twitter and micron on the past month the feds rate cut and earnings at qualcomm, though, top of mind for investors as we go into the first trading day of august. Still, our next guest says, remain overweight in tech until the next bear market jim paulison joins us along with our own mike santoli good morning, guys good to see you. Good morning, carl. Jim, youve been pretty constructive here. Obviously, youre not thrown by numbers like what ism gave us today. I actually think the data has by and large here been pretty good for the united states, carl you know, personal consumption, real personal consumption growth in the First Six Months of this year was up over 4 annualized pace its just bizarre to be talking about a weak economy with one ....
means we are down. equities are higher and i think it is a large reaction it friday out of the states. currently if i look at the fair value of the bloomberg for what the s&p will be like tomorrow morning it is down about a half of a percent. that is whether futures are telling us. still up .6 but this is the one it focus on. this is the dump contractor in europe and they are signaling concern that europe will run short of natural gas very soon. we could see a cutoff of russian supply next week or this week later and we have supply out of the united states. that is having an impact. we are seeing the first german trade deficit in 30 years. the question we are asking at bloomberg is what do i need to worry about. do i need to worry about inflation or in the second half about recession. this is what some guests have been telling us. high inflation is probably worse over the very long term. at this point inflation rules the game. that s why the fed is committed to really ....
With more on all of that. Hey, peter. Neil, good afternoon. Heres something that we dont say every day. President biden and Mitch Mcconnell are on the same page about postponing the start of the Senate Impeachment trial until february because President Biden thinks that benefits his young administration. The more time we have to get up and running to meet these questions the better. The senate not known for doing things quickly. That have rules that are designed to make things go slowly. But the white house wants to delegate some work to the house. You said congressmen walk and chew gum at the same time but theres so many hours in the day. Has the president expressed concern that a slow down will confirmations . Only that it cannot. Theres so many hours in a day. But again, if theres a senate trial happening in the ....
The latest news from around the world. E yan. Some use sanctions on sails of i iran january are set to use mp. I cant know you came home with the Infamous Trump power meeting. In a twit, if i sets up between his son, drnpro, was when he wa facing off, but interesting he knew did not know the legal. And collusion is something that is gone all of publics in
nothing do use with russia. Well send her one of other meetings. He says the meetings is done all of the politics in hallow n halloween. This is when to gent your hillary clinton. How would that be legal . The would it constitute a va ligs the oze. The critics are theres a lot of things going on, including witch hunt as the president calls it, to moving robert end. And one of the key a keen or
tars for vladimir putin. For more than a year, Robert Mueller has been working to secure an interview withing a hair rez, there that ....