The session. High intraday high russell 2000 continues its high but it, too, has faded during the session. The russell flat, the other indices negative coming up in todays show, well ask allianz chief economic adviser Mohamed El Erian about todays highs plus, the president of shopify about the companys new partnership with alipay mike santoli, tracking the market action. Meg tirrell has more news on pfi zechlt rs vaccine data and phil lebeau, covering the boeing 747 max. Mike, start us off here. Weve been dealing with a couple of issues, the market being a little stretched on the upside after that strong rally month to date. Over bullish sentiment has had a hard time getting traction, but no damage done at this point on the year to date chart were slightly above that september high by half a percent nothing damaging really happening here i wanted to zoom into the last ten days of trading or basically really more like eight days of trading, back to last monday, week ago monday. Pfizer n
The printed term president with this idea, lets talk of more states joining morocco, even saudi arabia, it was a trumped triumph so the media largely ignored, that is politics in the election, like money, the dow industrial this morning will open with a gain of 100 points, small change to the s p and a small gain for that nasdaq, the fed is likely to announce today that Interest Rates will stay low for years plus encouraging vaccine and virus treatment news from eli lilly, i got that, sally madeley and paul but the point about the storm, it is moving very slowly, that means drenching rain that goes on and on and maybe two to 3 feet of rainfall in some places, it is a big storm reaching from mobile to northern florida up into georgia and even the carolinas, it is wednesday september the 16th, i believe it is 47 days to the election, Varney Company is about to begin. Stuart[applause] i just have one thing to say ill tell you what if i had the talent of any one of these people, id be elec
But we have been inching higher this week. We were almost looking at 3000 for a while. The yuan has been weakening offshore, at 7. 1508. We will see how that progresses next week with the china hong potentialric, and protests, but we will see how that goes. The 10 year yield at 65 basis points, back into its cushion after a dire week of economic data, and crude oil at 32 at 32. 68. It has been pretty whippy today. Most stocks are lower, but you have stocks getting upgrades and so forth. This week has been about what is happening in china and also the vaccine story. The vaccine story has been incredibly whippy for markets, but so has the china story. Those have been the two competing factors. Weve had a few earnings to throw into the mix, but that has been the story. We see some of those start to come through, and a host of other companies being pushed and pulled. Also, the china story front and story this friday, and it is a long weekend in the u. K. And the United States. Do you want
Introducing, in pensacola, deciding what aircraft theyre going to fly, but he was not fit cockpit, sojet he might fly helicopters. General mills is one of my istors for life, so it intimidating to be up here before him. If i follow your footsteps and do half as good as you, i would be really be happy. Its good to be here. Dr. Holmes, thank you for allowing me too be here as well. It is a privilege just to be asked. Thank you for keeping it short. I have to think how you got that call sign bullet. Theres probably a story behind there. Real quickly, dakota has been more helpful to me over the years than you all will understand. But he is a lot like me in that he is a critical thinker, and thats how i was trained to think, every path you go down questioning that and for continuing to do that please do not go down that at all. I thought this morning i would offer two parts to this. First, i think i owe you some perspectives on the Planning Guidance that we published the summer. I will just
Tariffs on china came in the wake of an 11 30 a. M. Meeting with secretary mnuchin and robert light hauser, the u. S. Trade representative, who briefs him on how things went in shanghai this week the president issuing this tweet suggesting that hes frustrated with the talks and frustrated with chinas lack of follow through and also to stop the sell of fentanyl in the United States the president saying that china had agreed to do that and it never happened and as a result, americans continued to die, so as a result, he says on september 1st, yithe united stae is going to put a small tear i have on the remaining goods coming in to our country from china. He says he looks forward to continuing positive dialogue with china and a comp help sieve trade deal and ends on a positive note saying he hopes the future between the two countries will be b bright this sets up a dynamic with the trade talks in washington which is going to have a little edge to it as the u. S. Side and the chinese sit d