Happening with the vaccine story. Depending on which market you were looking at, one is winning out. Here in europe, the bulk of equity markets are writing higher today, and its been a good week. The ftse 100 being dragged lower by names like hsbc, which is certainly down quite sharply. That obviously relates back to what is happening in hong kong. A big impact there. You can ripple that out into what is happening as well within the commodity space. Copper trading down by over 2 . U. K. , data out of the some deficit data that is terrifying, but in some ways to be anticipated. Again, the market has largely priced that in. We are going into a long weekend. Do you want to carry risk over this weekend . The pound trading 1. 2177 on the cable rate. Vonnie hong kong chief executive carrie lam spoke a short time ago, addressing the unrest caused by chinas new National Security legislation. For more on what carrie lam is saying and what exactly is going on in china, lets get to our first gues
We are seeing green on the screen in terms of equities and u. S. Futures. We finished unchanged on the s p 500, so the markets are a little bit risk on. We are seeing that reflected in the bond market. The 10 year has backed up. We have a number of regional president s pushing back against further rate cuts. The dollar is on the front foot as well. Coming up, we are live from jackson hole as investors take positions on how fast and how far the fed will ease. We have a host of stellar interviews first up, James Bullard. And then watch out for robert m Robert Kaplan and patrick harker. , that iser it takes what new Zealands Central Bank governors says he will do to support the economy. Thef says he will evaluate impacts of this month on expensively large rate cuts before considering further easing. Forward, we were saying everyone is telling us we needed to be lower. Everyone is telling us Global Growth is slowing, so lets get ahead of this. Lets move and reduce the probability of having
Ready to go. The Halftime Report starts right now. Welcome, good to have you with us this committee joe terranova, stephanie link, jim lebenthal, jon najarian, also on set mike wellson, Morgan Stanleys chief u. S. Equity strategist stocks are getting a lift with some big dow beats today, makes for an interesting setup with the fed just a week away steph, ill give you the first crack today. I was going to come in and say earnings have been kind of lumpy, and then you get guidance raises today, whirlpool, coke, lockheed, pretty good. I dont think lumpy, i think really good. Choppy . I think pretty good, especially if you go underneath the surface, especially today, to your point, not only is it better organic growth out of kimberlyclark, out of coke, organic. These are great, top line numbers. But also what ive been impressed with, margins. Margins are expanding. Take a look at Stanley Black decker today they have some challenges for sure, but they beat margins in every single segment yo
We are seeing the home prices growing a little slower than may. This is coming on the backs of we trade data. We are also seeing some of the impacts from the tariffs. Information onde how much the chinese will look to implement. These numbers are looking better than expected overall. Great stuff there. We have ongoing commentary here on the backs of the numbers. On top of gdp numbers, thats those. In at 5. 8 . Ng these are quite decent numbers. Lets get a more reaction here. I was predicted 6. 2 iris predicted 6. 2 growth. Some of the numbers reach expectations. 5. 7. Pectation is i am a little surprised on the ip data. That what i amns thinking is that there is infrastructure. Should increase. This is my rational. Rationale. Metro line and you put the matter on the metro line. Then you finish the project. This process includes a lot of manufacturing. This number could mean these Manufacturing Activities have begun. Financing, fai and then ip. Is the retailg sales. 9. 8 not want it yea
New protests in hong kong. No cigar. Shinzo abes Ruling Coalition wins the upper house but has failed a getting a super majority. We will have the results of the reaction. After a volatile week, stocks closed lower on friday amidst news of mounting tensions in the persian gulf. The Federal Reserve will limit a rate cut to a quarter of a point. Sophie we are setting up for a soft start to a busy week. On thursday, we will get south korean gdp numbers, ahead of which we will get export data in about an hours time. We are moving into high gear on the earnings front, with about 200 Japanese Companies reporting this week. Watching asahi. Switching up the board to check in on oil. Persian gulf tensions are extending a rally. Theleen lets check in on first world news. The Hong Kong Government has denounced the actions of protesters who targeted chinas main headquarters in the city as a peaceful mass rally turned violent late sunday evening. Gas asfired tear demonstrators converged on beijings