Sockof course is momentum that of course is the momentum behind this rally. Rally seems to be fading, and another interesting piece, we have the Canadian Dollar soaring against the u. S. Dollar with the oil rally. You were mentioning that everything is rallying, and that is true too for bonds. The two year yield carving out a record low and that tells you that bonds are rallying in a big way. While stocks are rallying you have investors going towards the bonds, suggesting they have their eye on the economic picture. The jobs data and nonforeign payrolls coming out tomorrow which will be devastating, not just from an economic standpoint, that from a human standpoint. The question is will we see more of a connection between stocks and the Economic Data or not . Or will we have investors look past the data towards the liquidity that the fed has been providing . Certainly a risk on day. David that is what they have been doing so far. Few mckee got to talk a minutes ago with mary daly, the
Consumer this morning. Well break down earnings. And breaking up is hard to do the chairman of the ftc weighing in on how to separate facebook the dow and s p in the midst of a three session win streak, moving closer to erasing all of the losses from wednesdays big selloff with stocks set for modest open, does this signal a pause in the volatility jim what do you think about that question i think that thats probably wrong. I dont see a pause because at what point today do we start hearing about jackson hole and what powell is going to say and what the president is going to charge were still dealing with a rosy hangover from the weekend talk shows where people really are buying into what larry kudlow said and it is interesting, but home depots comments are very much like what larry kudlow said. That things are a little better than people realize. There is no recession. This is pretty good. I feel like when i hear those things, it makes me think of is the hawks on the fed are going to be
Green arrows across the board in europe the dax is up by 0. 3 . The cac adding 1 . The focus again today, because yesterday it was the fuel for that whipsaw action, treasury yields, 1. 727, much firmer than what we saw yesterday. We saw a low of 1. 595 we had record lows across the yield curve. Thats worth noting. A lot of strategists saying we could test 1. 35. Beijings central bank setting the official reference rate for theyuan to the weakes level in a decade. Eunice yoon has more on the midpoint number that traders are watching they do it now at 9 00 p. M have to watch all the time eunice its worth it its worth it to stay up that late the central bank set the midpoint fix weaker than 7, but it was actually stronger than what a lot of analysts were expecting. So because of that traders were taking that as yet another sign that the government here wants to pull the reins back on the chinese currency there was no official commentary today on the fix it was interesting to see what came
That talks are back on between the chinese and United States when it comes to a deal, anyones guess. But the fact theyre back on is good enough. Edward lawrence, live at the white house with much more on all the above. Hey, edward. Reporter neil, wall street likes the fact that the president said china would come back to the bargaining table. The chinese agreed to talk again. President trump agreed to hold off imposing any new tariffs. So far china has not brought back any concessions but secretary ross told me that will come when the two sides sit down at bargaining table again. The president thinks he already has sufficient leverage over china. U. S. Will not sell out for a bad deal here. Will take time it needs to get the right deal. Lastly shows that maybe the administration found a little bit after sweet spot on the tariffs. Reporter critics say the other walkback from china might be make a mistake. President trump reversed himself that allows u. S. Companies to sell parts to huaw
Biden back at the white house, will he answer republicans who say they have new evidence related to his dealings with hunters overseas business. Lawyers for former President Trump expecting another indictment soon. Our panel tackles the legal and political questions as our, Yellow Trucking Company blasting the teamsters are the files for bankruptcy and 30000 workers move their jobs, the attorney representing the Company Later in the show. Cheryl welcome i am Cheryl Casone the emperor neil cavuto today. Lets get to the markets where the dow is right near the session highs. A busy week for investors as we look for earnings from Major Companies walt disney, amc and ups this week, we have a ton of Economic Data due out including july inflation data, working to get cpi out on thursday and ppi back on friday the most important inflation reports for the month for the market the bullseye American Ingenuity Portfolio Manager adam johnson joins me in the new york city studio. Hello cheryl. Lets