Positive impact on very sicko individual patients. And of course, jim, we had the announcement today that the fed will begin buying individual Corporate Bonds, not just the etfs that hold those bonds but the actual bonds themselves. That certainly helped. Whats your take this morning . Well, look, i think each one of these can be debunked took this drug for two months. It was okay. I switched to prednisone suddenly we discovered this was a big breakthrough what were the doctors doing . Did all of the doctors get it wrong . Did they realize it was not swelling around the body and just focused on the lungs. Its like, okay, idiots honestly, i love the doctors, theyre great. But come on, how did they miss this and look, david, the gunners all want the stocks to go higher, right . And the fed is buying bonds that we would normally i mean, maybe the fed buys hertz bonds and takes them up to the point where maybe hertz is good. I dont know, david. Theres a lot of people saying talk pony. The
China, which has chinese stocks bouncing today weve also got another big announcement as well dont miss the debut of a new segment here on closing bell today. The market zone is coming up into and after the close well bring you the stocks and stories every investor needs to know and it will look a little different as well. Joining us for the hour is mark tepper from Strategic Wealth partners mark, thanks for being here. Thanks for having me. Looking at the dow today, were up 154 points. The s p is also hovering right around 2980, it looks like a decent last day for the month of september as we head into these final three months of the year, what are you watching the most closely . I think the biggest catalyst right now is a potential trade deal all eyes are looking on this meeting next week between the u. S. And china, because if you think about it, its really, really difficult for ceos of publicly traded companies to execute on their growth plans if they have no visibility as to what
That could be the first signal we have seen of the impact of brexit and other geopolitical concerns on the chinese economy. In june, imports down 2. 3 year term. R in chinas exports better than expected, rising by 2. 9 percent in july. The market was looking for a figure of 2. 3 , well up from the 1. 3 rise in a sports year on year in june. Certainly, a big boost in terms of surplus. A big miss in terms of imports. There has been the impact of the brexit vote. Exports rising up by 2. 9 , so at least some good signals there in terms of Strong Demand for chinas exports. Still awaiting u. S. Figures to come through. Bloomberg was suggesting we should see 47. 3 billion trade surplus for july in u. S. Dollar terms. The quick math on the trade balance, 51. 5. We have to wait for these to be the be averaged out, but it still come in terms of, looking at imports and u. S. Dollar term imports. The estimate is 7 . That should be a little slower in terms of what we saw in june. Exports in u. S. D
Let us talk about what is happening in commodities. Guy the world feels a little more empty in terms of the glass halffull argument. A lot of pressure in global trade, numbers out at the moment talking about navigating the challenging market. Down, talking about china being a difficult place to. Anna better than estimated net levels, but the china comments are interesting. Growth is expecting, but as a slower grace. Guy aluminum trading in a down side, probably the most key oil. Dity copper, this is the price. I made this chart here for you to show you what is going on. Oil is trading at a key level. Gotas the financial price down to near 40, that is when i rock invaded kuwait. In the sand,ine using trading back down towards it. Will we bounce back off of it . Yes, history will tell us that. Nevertheless, we have been down at level since the crisis. Opec and u. S. Producers playoff of each other, so much of the story about the falling price of oil. It is been about the u. S. But opec a
India-listed Vedanta has raised funds around the time its holding company is working round the clock to arrange funds to refinance its upcoming USD 1 billion bonds, which are due January 2024.