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Ofto see geoffrey yu there bny mellon in our opening. With the new slow out of washington, how to get ready for ferro, do you think the secretary of treasury will be watching mr. Powells press conference . Jonathan i hope they speak before the press conference. These two need to get on the same side. It is not good to wake up ever to see the chairman of the Federal Reserve and treasury secretary on different pages on an Emergency Program that, lets be clear, has really helped keep financial conditions loose at a really tough time for the u. S. Economy. I am surprised, maybe even shocked, that the market is where it is this morning based on the spat between those two individuals. Tom there are distractions in washington, but maybe it was beneath the radar off of president trumps efforts to tolection 2020 lisa move election 2020. It devolves to a market that looks like the ....
We will reduce your taxes. We will cut your regulations. We will support our police. We will defend our flag. We will rebuild our military. We will take care of our great, great veterans. Were taking care of our veterans. [ applause ] we will fix our broken and embarrassing trade deals that are no good, none of them. You wonder, where did the people come from that negotiated these deals . Where did they come from . Well, they came also from campaign contributions, i must be honest with you. Theyre not as stupid as you think. We will cut wasteful spending. We will promote our values. We will rebuild our inner cities. We will bring back our jobs and our dreams. So true. So true. And by the way, we will protect our second amendment. [ cheers and applause ] you know, wayne and chris are here from the nra, and they didnt have that on the list. Its lucky i thought about it. But we will, indeed. And theyre great people. And by the way, they love our country. They love our country. The nra has ....
For a market holiday. The hang seng up by a third of a percentage point. The shanghai up bay hay a half percent. The kospi up. In europe, in early trading. Green arrows there. Much bigger adavans than here. This is playing catch up and then some. The dax up 1. 9 . The cac up by 1. 8 . The ftse up 1 . Crude oil having its best day in two weeks yesterday. It was up nearly 3 at 45. 34. This morning up 1 to 45. 79. Big question around whether opec can pull anything off with this meeting they have next week or whether this is nor jawboning. Well continue to watch this. Lets get you through some big top stories. Weekly jobless claims come out at 8 30 eastern time. Filings are expected to hold steady at 260,000. Then at 10 00 a. M. , august existing home sales which are forecast to have risen more than 1 . Yahoo reportedly expected to confirm a massive data breach exposing millions of User Accounts. Re code saying the breach was widesprea ....
Management is finally listening. We published a report three years ago saying what if Interest Rates dont rise . Well, Interest Rates didnt rise. They are in a tougher position than they were then. Today is the day comerica moves from plan a to plan b. They said they have a sense of urgency to restructure. All options are on the table. They would consider Strategic Alternatives at least seven times during the annual meeting. So the number of times they said that convinces you . They have already said that everything is on the table. Well, you had not only the ceo saying that but the director was also stressing that. They also said once they review what the consultant is completed they will especially look at the potential for Strategic Alternatives. ....