Front. Caroline the question is whatd you miss . Data shows that the u. S. Retail sales rose in september at the fastest pace in three months. Numbers released next week and china are expected to reveal that the nation is on pace to grow this year, with Industrial Production on fire. When you look at the big picture, joe, economic reports confirm that china needs the u. S. And the u. S. Needs china. Their economies are linked handinhand on the industrial and consumption levels. There are many issues between these governments, that we would see. But there is a link between the two economies and it is remarkable. Joe it is pretty striking because so much of the story of the economy, the Global Economy some overproduction in china, it is the opposite. You see this in our charts that Cameron Crise made. Industrialine is recovery of precrisis levels, very impressive. On the consumption side, it is very far below precrisis trends. Chinasuction side of economy is roaring back a lot faster. Ca
Strong gains and this morning you will see that there are green arrows once again, the dow indicated up by about 88, s p by about 9 1 2 and the nasdaq indicated up by 48 points if you watched what happened in the treasury markets, we did get a lot of fed speak and it sounds like there is a little bit of confusion. You can see the ten year note has ticked up a little bit, 0. 769 is the latest yield andrew and lets take a quick look at the dow transports, gaining another 2. 5 yesterday, also hitting a record high, the two as to beings to watch this morning, eli lilly and he regeneron both big winners on Covid Treatment hopes. And President Trump touting both of those in a video that he released over twitter late yesterday. Well tuck a lalk more about th. But also take a look at shares of tesla, new Street Research upgrading that Company Stock to a buy saying that to sees a decade of hyper growth ahead, this call makes the firm the second highest priced target on the street so in lead wit
Were looking at a sharp selloff for the nasdaq, down 271 points right now, the s p and nasdaq snapped a winning streak on friday. The markets are down across the board. Large labor day parties raising concerns about a coronavirus spike. Creating a futuristic Fan Experience at the u. S. Open. Watson using Artificial Intelligence to allow fan interaction, even with empty stands. Mornings with maria is live right now. Global markets this morning are under pressure, take a look at european indices, markets are under pressure as concerns grow over a no deal brexit. The cac is down 63 and the dax is lower by 108. Germany is showing signs of a slow recovery. Exports rising 4. 7 in the month of july, imports were up just over 1 . That was far below prepandemic levels. Checking asian markets this morning, take a look at what happened overnight, green across the board in asia, best performer as you can see japan, nikkei average up three quarters of a percent, same situation with the shanghai com
Labor department reported on thursday now this came in below economist estimates of nearly 1500000 jobs lost and fell 249000 from the previous week marking the lowest level since the start of the pandemic now while this all sounds very positive keep in mind the continuing claims are still at what 16100000 despite dropping 5844008 couple this with that massive contraction in us g. D. P. By 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but thats not the case since testing lows in march at the onset of the pandemic here in the u. S. The 3 major indices are thriving the nasdaq is continually pushed a new record high and now the s. And p. 500. 00 well its just a few percent away from setting new records which were established previously in february of this year while the dow hasnt been able to quite get to precocious teen levels the index has made substantial gains over the last. What so why is that well to break it all down this disconnect th
Very positive keep in mind the continuing claims are still at what 16100000 despite dropping 5844000 couple this with that massive contraction in us g. D. P. By 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but thats not the case since testing lows in march at the onset of the pandemic here in the u. S. The 3 major indices are thriving the nasdaq has continually pushed a new record high and now the s. And p. 500. 00 well its just a few percent away from setting new records which were established previously in february of this year while the dow hasnt been able to quite get to precocious teen levels the index has made substantial gains over the last 4 month so why is that well to break it all down this disconnect that were seeing lets bring in some expert analysis from cohost christiane a moslem chief market analyst at the trade thank you both for being here its great to. Have you back so lets start off with you whats propping up this mark