A capitalist winter, because the nerve center of capitalism had been hit, but the market when it reopened, it careened. Fell more than 14 that trading abbreviated week. A lot of folks said depression was in route. We would never recoup the losses maybe for years. It took us barely a month. The reminder nowot only of american capitalist spirit but america period. Who better to know that, but appreciate that, retired fourstar general jack keane. Always good to have you. Good to be here, neil. Neil i always like to put that in perspective, general, we tend to think well never get through this, well never get through this. Time and again we get through it. There are bumps, horrific tragedies along the way, tragedies after tragedies, that punctuate that along the way but invariably, this country much like stock market charts over time go invariably up. I think that says something about us. You . It definitely does and you know it is interesting we captured Khalid Sheikh mohammed who was the
Cant believe we didnt tell him it wasnt for sale. I cant believe this is even a conversation. David when this first came out, every one thought it was a joke. Hes just getting hes just kidding. And then maybe not so much of a joke. Alix do we know why he wants greenland . David because the arctic, particularly because of climate change, has become much more important. There are really Strategic Interests in greenland. In fact, president truman tried to buy it in 1948 for similar reasons. You invited meis to my house, im not coming unless you sell me something. Alix in the market, we had retail earnings coming out. We get a nice rally underway here. Eurodollar is flat. It is a mostly weaker dollar story in the g10 space. Selling in the bond market with the exception of italy. Inflation expectations continue to rollover. No one taking any big positions headed into jackson hole. The question is how you hedge this. David time now for the morning brief. At 10 00 this morning, we get u. S. E
Germany down 1 . German Business Sentiment hits an eightyear low. And then watch our own 30 year falls below 210 overnight and everyone is going to be watching todays close. Lets get straight to the market, futures lower ahead of this mornings open, following a sharp selloff in the second consecutive monday Global Economic worries, falling yields continue to weigh on investor sentiment, driving toward safe haven. Gold now, the highest price in more than six years. The president tweeting a few moments ago through massive devaluation of their currency and pumping vast sums of money into their system, the tens of billions of dollars the u. S. Is receiving is a gift from china prices not up, no inflation, farmers getting more than china would be spending, fake news wont report what we will report that that core cpi 22 is the 17th month of plus 2 . There is a level of inflation in our country, but there is also, i think that when you see it, some of it is tariff but if youre a central banke
U. S. china trade talking taking center stage today. Billions of dollars in new tariffs hang in the balance. Well take you live to washington. And the stage is set the second round of democratic president ial debates kicking off tonight. We are live in detroit with a rundown and why trillions may be talked about it is tuesday, july 30th as Worldwide Exchange begins right now. That song coming out today in 1966 good morning, good afternoon, good evening and welcome from wherever in the world you may be watching im Brian Sullivan we have a major developing story overnight. One that might have impacted you. Capital one disclosing a massive data breach that could impact more than 100 Million People across north america thousands of Bank Accounts compromised. There is one hacker in custody well get much more on this story and whether you might be impacted coming up as we await the fed decision tomorrow at 2 00 p. M. Eastern time, heres how things are setting up futures are down to maybe a l
The same this year what were hoping for, as you go into 2020, is that perhaps 5g starts to be a catalyst for the shares, but youve got to get through the cycle first. What happened to the last half year we spent talking about how services and wearables will make up for whatever weakness there may be in the classic cycle . Yeah, and that hasnt been our call and the problem with the services is that its just too small as a percentage of the total. So services, as one of the examples, you would have to add, for the video service, about the equivalent of ten netflix to offset what the loss you know, the decline in revenue from iphone over the last year so it just gives you a sense of large numbers, because iphone is so large that puts a little context around it. Mike, i mean, apple is trading lower today, but so are the other f. A. A. N. G. Names, as well is this one of those scenarios where we need to be talking about more about the impact that f. A. A. N. G. Has on the Broader Market to