Date on where the various districts of the Federal Reserve think the economy stands right now. Plus, jpmorgan taking on square and paypal with a big move into the Small Business space could the banks upend the market and these highflying stocks later, gm doubling down on its autonomous ridesharing business the ceo of cruise will be here to explain why he thinks ridesharing will thrive again after the pandemic power lunch starts right now hi, everybody. Lets go to dominic chu with big movers. I have taken over tylers spot at the telustrator. I will show you because tyler told us about the whiplash weve seen on the headlines. The markets are largely pricing in a lot of nothing right now. We were marginally lower, marginally higher at one point, and now were mixed across the board. Dow industrials off 30 points. The s p 500 up 0. 1 of 1 or four handles and nasdaq composite outperforming, up 13 basis points to be specific there. 3446 the last level for the s p 500. If you take a look at so
Barreling toward the location where the Oil Production goes on. Energye about the oil space, what the 2020 policy has to do with that. We are going to turn our attention to the fed, the big event this week. The markets are watching the annual market symposium in jackson hole tomorrow. It will be virtual and the theme is navigating the decade ahead. The kansas city president Esther George spoke with michael mckee. I will offer you from my perspective this has been a useful process, process that really asks of ourselves to look at what we have learned over the past decade, to try to think about how the economy may have changed, and think about how we communicate to the public. The process in and of itself has been a useful one, and i will leave to the chairman to talk. Michael you have been considered an inflation hawk. Where are you on average inflation targeting . Is to bee my focus true to our price stability target, that our 2 really has to represent what is happening in the real eco
Washington has been demanding transparency and threatening to delist mainland companies. Australia is ramping up tensions with its top partner. You a quick get track of the markets. This after we saw another record high for u. S. Equities. The s p 500 and nasdaq composite soaring to another record high for a fourth consecutive session. The s p gaining ground for five sessions. Tech and communication stocks leading the gains. We are up about 55 since the march lows. We had some positive data. The u. S. July durable goods orders meeting estimates. All of that boosting optimism that the fed will keep Monetary Policy loose. With the dollar weakened, due to the strongerthanexpected eco , take a look at what oil is doing. It is gaining ground. About 43 per barrel. In around five months, the highest level. We have hurricane laura. More than 80 of oil output and nearly 3 Million Barrels have been shut down in the gulf of mexico. Haidi continuing to watch the oil patch for those disruptions. Le
Poisoning. Lets get to the first word news with leighann gerrans. Shows joe a new poll biden has a doubledigit lead over President Trump. Ae democratic nominee has 5242 advantage. Meanwhile, the survey also says in theden has a 6 lead battleground state wisconsin. In germany, chancellor Angela Merkel is now ready to link the nord stream 2 gas pipeline the poisoning of a russian dissident. Merkel, whoift for said that the russian backed pipeline should be completed and remains a separate issue. The kremlin has said it sees no issue that germany will block nordstrom. Moscow has denied any involvement in the poisoning. Now in hong kong, protests have resumed after weeks of calm. Police arrested hundreds of people. Among other things, demonstrators were protesting the decision to delay Legislative Council relaxants for a year Council Elections for a year because of coronavirus. India has surpassed brazil as the second worst hit country. India reported more than 19,000 cases more than 90,00
Know the state of your health that day . I am a graduate of duke university. I got a scholarship there, but not a basketball scholarship i assure you. But i would like to own an nba team. Mark cuban is someone that did that at an early age. As a young man, he bought an nba Basketball Team and won a national championship. I always admired his sports prowess and business acumen. My children always told me mark cuban is a lot better. Age madeat an early some money. You made in a normas amount of money when you sold an in thenas amount of money you bought a Basketball Team. Then you have a shark tank series that won a any award. You are well regarded by entrepreneurs. President s of the United States call you for advice. There is something about your life that is imperfect isnt perfect. Mark i have kids. Parent needs to hear. Stupid,and i got really lost half our brain capacity and are beholding beholden to our kids. Being a parent is a challenge. It is very humbling. David i have three ch