At their highest level ever. But the best trade may be emerging far away. The eem is far outpacing the s p 500 over the last three months a nosedive in the dollar it is at its lowest level since april 18 is it time to rotate out of the u. S. And look abroad for the next big trade, tim . It seems like it could be a rerun of creating a globe. These are dynamics we havent seen in a long time. If you look at where the dollar is if you are investing in emerging markets, the currency is at least 50 of your return profile and high yielding currency is a driver of this reality but its the turkish and african moneys the blowoff top was around 51. 75. I think you have rates moving higher, but normalizing. Normal high rates for em arent good if you look at the source trade and things moving around the world, some of this is about a global recovery. In some sense at least, the u. S. Dollar and rates will stay lower for longer and thats fantastic for the rest of the world. We may be in the depths o
Drive this stock for the next end years . And bitcoin is back crypto currency. What is behind the big move in bitcoin. But first we start with goliath versus goliath the battle between two behemoths taking place today amazon taking target at walmart. It offers free delivery for pride members, but walmart has long offered Home Delivery on certain prescription products. This is the latest in the growing turf war between the giants guy, walmart, amazon, who do you have dom, its great to have you this is the big show, like the masters for you. It is like you playing golf against joe kernan they are glued to their television trying to figure out what is going on in this game of would you rather, i would rather walmart i think the stock sold off for two reasons. There was an inventory build, up about 5 i think the street looked at that and said maybe margins in the next quarter wont be great, and wont get guidance amazon, by comparison, you had a september 2 high in october 34. 50 and novemb
Strong data on housing and jobs along with big beat for chicago pmi. Late breaking headlines regarding modernas vaccine. Off session highs but off the lows as we speak still wog up on the show. Coming up San Francisco fed president mary daly to talk about economic recovery, stimulus and jobs picture in america. Plus we will get a read on the consumer when we talk to the ceo of General Mills his first interview since reporting earnings last week. Cocacola entering Hard Seltzer Market with help from molson coors well talk to the ceo of molson coors exclusively about this partnership and more lets get to the big stories 59 minutes of trade. Mike santoli tracking Market Action as stocks look to close out september with a bang. Meg tirrell with headlines around moderna and leslie with the latest on palantirs review. The market, whats driving it . Sara, a lot of things blowing around in the market, quarter end, reaction to the debate, pretty good economic numbers but also in the context of a
Digital sales. More on that in a moment some hope on the vaccine front as well to mention j j entering trials with 60,000 volunteers though cases rising in many states here and abroad down 450 points. A sharp selloff in half an hour as kelly and frank were discussing on the show well speak with Ceo Marc Benioff well discuss how the pandemic changed business and his thoughts on oracle and tiktok deal plus more walmart is hiring tens of thousands of workers well speak to fubu founder and shark daymond john the stories were watching, mike santoli tracking action, sara with a look at nikes quarter mike, lets kick things off with you. Down 2 on s p. It seems as if really this rolling correction period in september has Unfinished Business to it didnt seem news driven though incrementally coming into the week, weak seasonal patterns a general sense if you were talking about an economic recovery, you werent getting fresh confirmation of that day to day of course nasdaq is in sell the rallies m
Stephen mnuchin speaking on the phone today regarding stimulus negotiations with a promise to speak again tomorrow and new york city is back in had the coronavirus spotlight. People refuse to wear a mask still to come, coming up on todays show, embattled e. V. Maker nick la with new lows. Well ask the former auto executive what it all means for nikolas pending deal with gm. Plus, well speak with the newly minted president of shopify about the run that stock has been on. Up more than 150 . Well ask about the recent news of rogue employees stealing some Customer Data. Harl Harley Finkelstein will be our guest. We have the latest headlines coming out of washington, d. C. For us start with you, mike a little bit of low volume churning going on today. Maybe a little apprehensive. Kind of Holding Steady ahead of these couple of known potential catalysts, of course the president ial debate and the jobs number. After 4 two day rally, s p 500 year to date, train day, we kind of had that half 1