The crude revival comes after opec agreed to extend production cuts through july and positive economic in demand is about to return to the market our chart master says the energy surge has gone too far too fast. Carter, take it away conceptually what we know is this is a poor market. Energy peaked in 2014 and obviously collapsed here with the covid news and has recovered. Lets look at a few charts and figure it out. The first, of course, is a table. If you look at the 10 gic sectors that compose the s p 500, obviously that which went down the most is often that which bounces the most you can see the stacking order here energy is up almost 100 followed by Consumer Discretionary up almost 60 largely driven by amazon, home depot, a few others. I understa industrial up 57 s p bringing the rear up 46. Lets look at two charts look at the xle, the etf captures all energy, dominated by chevron and exxon 40 plus percent weight the 22 to 44 what you can see clearly is were up against a fairly we
Zuckerberg defending the libra Digital Currency and his company as a whole and an end of an era at the ecb as mario draghi prepares to end his time as head of the ecb. Worldwide exchange begins right now. Good morning and welcome. Your chart of the day has to be tesla. Breaking out with a more than massive 17 gain that sharp move higher, weve levelled off a little bit. Still a 17 gain for tesla shares on the heels of the earnings announcement. Well tell you more on that coming up. First, equity futures showing signs of stability if these futures hold, the dow would be up a whoping 35 points, s p up by five marginal gains to start. Watching now what is happening at the bond market the treasury yield checking slightly lower the yield 2. 8 as well in asia trading, we did see a little bit popping up. The nikkei and japan trading up half a percent the shanghai composite about flat in europe, we have positivity there as well. Looking at the german dax up as well the ftse 100 up. We are watch
By 0. 2 percent on the s p 500 following the biggest we of gains on the s p. Happy talk begins in september with goldman cutting the recession chances to 15 after week of decent data to keep this fed on the sidelines. Jonathan Good Research over the weekend and goldman leads the way with that lesser call on recession. It buttresses against a china basically in policy chaos. To the global town, im unsure of where we go other than Jerome Powell has a spirited leadership on Economic Growth. Jonathan later, as good as it gets. Tom hes still bullish. It is as good as it gets in the nuance here is that we peel away and maybe we get lesser and then he goes to a soft landing but i dont know what that means. Soft landing bramo comes back from her sabbatical. Jonathan she returns less bearish from vacation. Lisa first of all, nobody is very happy the summer is over. There is this feeling of what are we heading toward. Jonathan its in the 90s in new york city this week. Lisa are you going to wear
From the mainland. But tonight was drive from taipei is a Memorial Park that has become the final home to many more statues of chang now and wanted. They want to dont public buildings and spaces. And the society where hes still reviewed by some, especially older people. But increasingly regarded as a brutal dictator and shunned in this vibrant democracy. That vibrance has been strikingly evident with the fist political clash inside. Ty, once parliament accompanied by my street protests outside, its been driven by the you know, the ration of new president lighting the blue seems determined for taiwan to continue on its own pos, breaking with the past. So you know something from taiwan, so long as we identify with taiwan, it belongs to us. So all of the people of taiwan, regardless of it and the city, irrespective of when we arrived. Watching with deep suspicion these Mainland China fearful of taiwan moving further away from its chinese woods. Those fate seemed to be confirmed by annual
File i can say, i said, because if youre looking with some debt but 60600000 people, that is under way thing. This is a lot of options there this afternoon, these projects and also theres no accountability residents. Yeah. Explain this area was marked for development, but its tools and they dont know why. In cape town, the number of people without homes worse and during the cove at 19 pandemic, people lost income and the economy struggled. An estimated 14000 people live on the streets of the greats of cape town area. While the government does provide shelters, there arent enough bids to accommodate everyone, the needs know. So there are some who say they dont want to sleep in child because the Democratic Alliance is the influx has people from florida provinces is one of the reasons for the high demand for housing. The National Government headed by the African National Congress Says a d a is not using the budget. Its been allocated to build homes, housing budgets, and infrastructure bud