A daunting proposition when the weather is going to turn to 97 degrees later this week. To the day,his is, the anniversary of when it happened in 1997. Questions. A lot of in the meantime, it is a quiet morning ahead of the u. S. Open. Some muted price action. Brent crude reaching the highest level since may. German three year yield dipping a basis point. On theg market currency heels of a less bad that expected gdp report from china. David today we mark the beginning of a big week for bank earnings. At 8 00,with citi tomorrow. Y jp morgan we also get retail sales and Industrial Production numbers. Companies Tech Companies face questions on capitol hill. Netflixy, we get earnings. Thursday, gm unveils its own new made engine corvette. In british open begins northern ireland. That is all coming up this week. We are joined today by Gina Martin Adams and damian sassower. Lets start with those china numbers. I will put up a chart that basically shows what happened. It was the lowest on rec
Earth if theyre looking for inflation. Its wednesday, july 17th. Worldwide exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Im Brian Sullivan thats shot of the beautiful u. S. Capitol in washington, d. C. Thats where facebook will get ready for a second day of testimony over its contested libra Digital Currency well go there live in a moment. First your markets and the global money stock futures are slightly higher now dow futures are in the green, up about 30 points now. The dow, s p and nasdaq failing to close at record highs yesterday. The blue chips turning in their first down day in the last four. Bond yields remained steady. The tenyear yield is trading at about 2. 10 . Exactly on the tenyear. Around the world, you look at asia, a theme the last few days. Not a lot of big market swings japan reopened down 0. 3 you could see slight moves here. A similar story in europe. Not a lot of numbers on the mov
Joining us now is the close markets the Global Market strategist at nova scotia nov esco. Where are you now on that call given that a lot of people are starting to say, it is a bull market and we may have to live with that and perhaps we can look elsewhere. Are you looking elsewhere are you looking elsewhere . The market is broadening and moving into value valuable parts of the market so it is not just the very narrow market that you saw in march or may, you are getting a sign from markets that this is healthier and there is more participants and so far, the earnings for the Value Oriented Companies have been good . Jon is he getting less bad or is the outlook for the markets improving . Things are moderating and that is what you would expect in this part of the cycle but what involved but a lot of investors missed is that the market priced this last year. 11 months ago, we were down ninth 9 in 13 months so that was a market that had already assessed what was likely to be a weak econom
quarantined and some flights have been suspended. copper rebounded after a 14 day selloff and investors will be able to withstand the impact of the virus. markets rallied with the s&p back to market highs. amazon closed above $1 trillion, joining the 13 digit club with shares surging in the wake of a blowout earnings report. on tuesday, we were joined by michael purves of the capital group. there s no question that the underlying lament and has been very strong. in context, it was only a few months ago when we had the bond market signaling a recession was coming. even though it still has been supportive, this concept of a recession narrative is fading. you could check a lot of risk on boxes right now, and obviously, the fed has been there and liquidity is strong. the resilience of this rally has been very strong. taylor: if anybody owns volatility analysis, it is you. what do you make of the vix handle down from just yesterday? the curve right now is very flat. given how
hotspot, tearing through 2020. we take a look at what has supercharged of the stocks. concerns over the coronavirus dominated headlines this week. residents in wuhan have been quarantined and some flights have been suspended. copper rebounded after a 14 day selloff and investors will be able to withstand the impact of the virus. markets rallied with the s&p back to market highs. amazon closed above $1 trillion, joining the 13 digit club with shares surging in the wake of a blowout earnings report. on tuesday, we were joined by michael purves of the capital group. there s no question that the underlying momentum and trend for risk is risk assets has been very strong. in context, it was only a few months ago when we had the bond market signaling a recession was coming. even though it still has been supported, this concept of a recession narrative is fading. you could check a lot of risk on boxes right now, and obviously, the fed has been there and liquidity is strong. the r