, warning a significant backer for years to come. Secretaryse cabinet pledging to maintain policy if he wins, but says more can be done. Lets get a quick reminder how u. S. Stocks ended. The s p closing at a fresh record. This in the face of warnings of a k. G. Recovery and pessimism relief bill. Tesla dropped as much as 15 after Bailey Gifford cut its stake. We are seeing s p under pressure. Lets check in on oil. Below 42 after slipping to a three week low with upcoming refinery maintenance weighing along with a stronger dollar. The greenback rose the most as the euro slips positioning. Technicals are favoring abounds in the dollar, according to scotia bank. We are shaping up in asia, futures pointing higher, holding above 106. Yoshi keeping big stimulus going in japan. We will be watching chinese tech giants after india banned appser sets set of including baidu. Drivers fueling performance of chinas big tech stocks from march lows. The rally has been broader on the mainland than in t
He shanghai composite up asx 200 picking up where it left off on wednesday. That was shrugging off the dreadful gdp numbers. Looking at the foreign exchanges, dollar weakness is being snapped, the dollar coming back against a popular currency. The bloomberg dollar index is moving higher. Seeing more yuan strength, the yen weakness has been pronounced and the euro is in the crosshairs of where currency traders are. There we go. Joining us now, trade j. P. Morgan Asset Management global strategist marcelo chow. Give us an idea where we are with the rally. It is looking toppy at the moment, but i have been saying that for a while. Good morning and thank you for having me back here. Index has record high been phenomenal so far. I think this reflects and factors expectations for 2021 andto recovery in 2022. As you mentioned, the recovery so far has been quite uneven. The Technology Sector is responsible for a significant share of the rebound. It seemed like there has been some good news val
We are also getting some breaking news out of china for end of july Foreign Exchange at 3. 1 coming in trillion. It is a touch above that. The markets also focusing on the stimulus in the u. S. That may or may not be coming. President Donald Trumps latest attack on Chinese Companies also stoked tensions with beijing, which is why we are seeing treasuries and dollar actually rising. The president signing an executive order prohibiting u. S. Residents from doing any business with wechat, tiktok, or the owners of these chinese apps. Now, lets get straight to the bloomberg first word news. There has been no headway in talks between the white house and democrats over a new virus relief package. There are still major sticking points and both sides are accusing the other of refusing to compromise. One key difference is the top line number. The democrats want 3. 5 trillion of aid. The republicans want 1 trillion. Another round of monetary stimulus is expected from the bank of england. Policyma
Hey there welcome to the stream i am josh rushing sitting in perfectly ok from the comfort of my own home today because a coven a team. Were talking about can trump get reelected were going to look at the poll numbers were joined by an excited panel of guests and what im really hoping youre going to do if youre watching this on you tube live is youre going to join us in that chat box over there and hopefully get some of your comments in during the show in real time. One of the 1st things i want to do is go to a poll here this is from 538 which does a lot of polling combining the polling so this called help popular is donald trump and if you can see on the screen ok youre looking so this is his disapproval ratings at this moment which is Something Like this 1245th day in office 55. 3 percent disapprove 40. 6 up for so about a 15 point difference between disapproval approval and if you curious how that compares to other president s after 1245. 00 days we scroll down and it shows us and s
About the increase in hostilities in yemen we listen this is the moment to stop all the 30 action this is the moment. On fighting we meet with global news makers and talk about the stories the home does their own. Pay their welcome to the stream i am josh rushing sitting in perfectly ok from the comfort of my own home today because a cove in a team. Were talking about can trump get reelected were going to look at the poll numbers were joined by an excited panel of guests and what im really hoping youre going to do if youre watching this on you tube live if youre going to join us in that chat box over there and hopefully get some of your comments in during the show in real time. When the 1st things i want to do is go to a poll here this is from 538 which says a lot of polling combining a polling so its called help popular is donald trump and if you can see on the screen ok youre looking so this is his disapproval ratings at this moment which is Something Like this 1245th day in office 5