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Transcripts For FBC Making Money With Charles Payne 20240711

our president is not above the law. justice serves the people. it doesn t protect the powerful. justice is blind. what we saw yesterday in plain view was another violation of a fundamental tenet of this nation. not only did we see the failure to protect one of the three branches of our government, we also saw a clear failure to carry out equal justice. should to say in the senate, excuse a point of personal privilege. little over hour 1/2 after the chaos started i got a text from my granddaughter biden, senior at her last semester at the university of pennsylvania. she sent me a photo of military people in full military gear, scores of them lining the steps of the lincoln memorial because charles: vice president, well now president-elect joe biden going over events of yesterday and also just commenting on his observations of president trump. we stayed on it because there has been some chattering in washington, d.c., and among the media of the 25th amendment which is a move

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240711

interesting to see the 2021 look forwards. all we have is good conversation and a look at the tea leaves. lisa is going to talk about jobless claims and all the rest of it, but i want to look at the granularity. is a pandemic ago stock, and there is the reality which i believe you mentioned yesterday. i can t remember which property you mentioned it on. you know what? retail is really struggling. jonathan: this is the story. a stock like macy s has done pretty well over the past week, but that is the difference between the ketchup trade the catch-up trade and a durable trade. i think that is the story for hours.t couple of we got to get through the next couple of months. tom: i mean, it is a comedy. but this is not funny. in south australia, you can now not walk your dog because of pandemic fears. talk ofes of the macro the bloomberg new economy forum and the realities that lisa has been talking about here day by day. that gets your attention. jonathan: and initial jobless

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Transcripts For FBC Making Money With Charles Payne 20240711

secretary of state we ll get insight into who these people are, more importantly, what they mean for you, and the country. and of course, there s more than one way to takeaway your guns. just make them too expensive to own and to use. the biden gun tax we ll get reaction from liz peek on that and so much more on making money. well so the markets open higher and a could am but nation of factors right there s of course more good news on a vaccine front from astrazeneca they received emergency approval and then the start of trading the u.s. services pmi came in well ahead of consensus and really encouraging highlights the steepest expansion output since march of 2015 the fastest new increase in order since september of 2018 the strongest job growth since data collected in the series going back to october of 2009 and the strongest business optimism since may of 2014 and take a lack at this chart, ladies and gentlemen. it is called a super v and it s all good stuff and then we

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

you are, a lockdown. a judicial lockdown in washington as well. one of the tea leaves am looking at is strong in, really indicative of the correlated angst we are seeing right now strong yen, really into get of of the correlated angst we are seeing right now. jonathan: in europe, the ftse off by more than 3%. the dax off by 3.25%. europe also looking to washington. let me be clear about that. that has been the conversation throughout the morning here in london. what do the evans over the weekend me for policy and washington, d.c.? the past toward the fisc or agreement much trickier now toward fiscal agreement much trickier now. point, there was a huge worry on wall street about the period from november after the election went into the end of january. for market participants, they are probably a little more worried about that this morning. tom: not just 40 days away from the election. i think really unspoken in all of this is eight days to the first presidential debate. th

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

stocks are up, all of that to do with powell. the dollar weakness also to do with powell. real trends in the euro and the pound. tom: no question about that. right now our first word news in new york city, here is riddick gupta. a ritika ritika: the longest-serving prime minister in japan s history is resigning after eight years because of health reasons. the government has provided few details. news reports that he has been undergoing treatment for a chronic digestive condition. he plans to stay on the job until his party picks a successor. president trump made his case for a second term and last night s republican national convention. he promised to cut taxes, and create 10 million jobs in 10 months and turn the u.s. into a manufacturing superpower. in the new term as president, we will again build the greatest economy in history, quickly returning to full employment, soaring incomes and record prosperity. ritika: the president also warned that joe biden can t be truste

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