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Earnings we start off with the one chart in the market that seems to be getting no attention check out the xrt, the retail etf up 12 this year the xrt taking another leg higher today on the back of a strong retail report is this retail recovery for real and if so, how are you playing it brian kelly, kick us off. I think theres a couple Different Things yes, there is a retail resurgence i think a lot of it had to do with the stimulus, but a lot of it had to do with a change in the way people are working the top five to ten holdings are heavy ecommerce, overstock, etsy, wayfare. Be careful what youre talking about in extrapolating this to mall based retailers i think mall based retailers are going out of business. This is the new wave of commerce its ecommerce. I do think that continues. The caveat is it would only get stim stimulus and people dont have that 600 check dor, do we get stalling in this do we get a stalling with walma ....
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 ....
Grabbing ticket to watch the dubs isnt possible due to the pandemic. So planning an inflatable sofa on the ma rinne green is a solid plan b for this family. When youre a dad, sometimes its seat of our pants. Im getting coffee fort fathers today. Sonny bart loma is managing this coffee truck. Hes bummed he cant spend the day with his father and son. We appreciate the little things, even if its working on fathers day. I just cant complain. Im happy i got a job still. Were out here today celebrating fathers day with our map. Tina castro was treating her dad joe to lunch on the embarcadero where tables are clever live spaced apart with green hedges. I feel blessed. Lucky to have two daughters. They put pictures on instagram and their friends and im lucky. Reporter hes a lucky guy. Joe said after lunch he wanted to take a walk on the Golden Gate Bridge with his daughters. Happy fathers day. Thanks, cornell. On our website, check ou ....