The dow eyeing eight Straight Days of gains on growing optimism around u. S. china trade. Weworks rocky road to an initial Public Offering. And the democratic faceoff, warren, biden, sanders dominating the debate stage. Just what their plans could mean for your portfolio stocks are chasing history this morning the dow and the s p each within 1 of hitting record intraday highs. The blue chips in the midst of a sevenday win streak for First Time Since may of last year. You have signs of a health y consumer, Government Data shows retail sales up. 4 in august, double expectations. Core unchanged, looking for. 1 but july even after that upside surprise revised higher. Is this ever putting the pressure on jay . I think jay powell is uniquely faced with a difficult decision. You posted some stuff the other day about you raised rates and the economy is not being hurt so why should we just want to cut them i continue to say he raised rates too much and i want i want to go for the full on 3 on e
Greeces finance minister says they will not prioritize payments. The u. S. Steps up its strategy against isis as militants secure a key area but King Abdullah tells cnbc its business as usual in the region. The Iraqi Government with Coalition Forces are going to open the route this summer and thats a very strong market thats going to be reopened. Welcome to the show everyone. Weve got some numbers for you in the form of euro zone pmis for the month of may. Those are flash numbers for the manufacturing cite we have a print of 52. 3. Thats a little bit better than what was expected versus a print of 52 in the month of april. On the service side 53. 3 and that is a tad lower than forecast. Lets have a look at how the euro dollar is fairing. We are currently at 11144. The german number was a bit of a disappointment. The french number was before. And the overall composite number coming in at 53. 4. Fractionally lower than expected and the manufacturing was stronger. The services a little we
Ecb holds rates steady saying the risk of deflation have not decreased. The markets set to edge lower after a jump in claims. Plus, more trouble for citigroup as u. S. Authorities open a criminal inquiry into the banks mexican unit, so should you be worried about the companys stock price . A long legal battle starting up between tesla and the state of new jersey, well tell you how the hek carmaker is fighting back against the garden state. A lot for the markets to digest ahead of the jobs friday after the s p closes for a record high for a second consecutive session. The jobless claims are up to 326,000 and as we said the ecb does keep its key Interest Rate unchanged at a quarter percent despite all the concerns about deflation rinks. In a News Conference mario draghi said the drcentral bank will use all methods needed. They say if a 0. 5 cpi doesnt get your attention, what does . This guy is really on a mission to get that economy restarted. I think hes managed to be able to dodge the