Progress on u. S. china trade talk as the worlds biggest economies discuss technologies consumption, investments and exports fall sharply during the height of the pandemic President Trump accepts the Republican Party nomination taking aim at the democrats accusing them of, quote, trying to steal the election. We have to be very, very careful. This time they are going to try to do it in the whole post office scam. You can see them setting it up watch them carefully we have to win this is the most important election in the history of our country. Some breaking news coming out of germany this morning. From the eve o from t from the ifo data. 92 92. 6 versus the forecast of 92. 2 you may recall back in april when we saw many lockdowns the data started to cross then and we are seeing recovery in those numbers. The ifo Current Conditions is 87. 9 in august forecast was lower and what we are also seeing in the ifo Expectations Index is up to 97. 5 in august versus a forecast of 98 so slightly
Last ten minutes or so and finally, optimism around the possibility of new stimulus. All of that helping the market up about 1 on the s p 500 as we stand. Coming up on todays show, big moves in the banks space and Goldman Sachs is bringing workers back to the office well talk about that with the president and ceo john waldron and Michael Novogratz will lay out the risks he sees. Mike santoli is tracking the Market Action and a pair of key faang names holding their annual meetings as tech underperforms today and mike, start us off with the Broader Market and the action were seeing right now. Yeah, so weve been talking about this rotational activity away from the big growth winners into all other areas of the market that are more sickly call and smaller. It is really happening in a benign way so far. Sometimes the baton can get dropped in the handoff but it is towards its highs so kind of stalled out at this area, but below the surface, equal weighted is up close to 5 so it is kind of st
S p down just over a point and the dow down around 27 points. A lot of this watching what was happening in the market. Seeing the facts and circumstances that yield has continued to pick up as well getting to washington lawmakers voting along party lines to impeach the president we have more now good morning the House Chamber got a little roudy as leaders from both parties made their final speeches democrats did not choose this impeach. We did not wish for it i see coming out of a president who will put his head down and do his job. He will put the American People first. Ultimately, both articles did pass on mere party line votes and the discussion has merely shifted to what comes next House Speaker was not committal when asked whether the democrats will send the article over to the senate she even got a little combative after the vote well make a decision when we see what they are doing on the senate side. That is a decision well make fluently the Senate Majority leader does plan to m
Tim seymour, karen finerman, dan nathan, and guy adami. We start with the major market turnaround. Rebounding and rallying to close up 200 points on the day. The s p 500 closing up more than half a percent and the nasdaq surging 52 points, all as investors shake off the war in israel following the deadly hamas terror attacks over the weekend. Crude and brent popping 4 . Biggest gains since early april. Gold up more than a percent and a half, and the Defense Sector moving higher. Airline, travelrelated names suffering. Major carriers including united, delta, american, suspending service to tel aviv. The lateday rebound coinciding with commentary coming from fed speakers. Steve liesman will be along shortly with all of that. But we begin with the question, why are markets so calm in a seemingly world of crisis at this point . Guy . This is a hard show. We have to be careful. We understand whats going on, were respectful of that, but we are tasked to do something in the lens of the market
It is not like they dont understand what we done. Not like they dont understand how critical this is for them. I am making sure the shipment start right away. In the next two hours, literally in the next few hours we will begin sending equipment to ukraine for air defense munitions, for artillery, for rocket systems and armored vehicles. This package is literally an investment. Not only in ukraines security but in europes security. In our own security. We are sending ukraine corbyn from her own stockpiles equipment from our own stockpiles made by American Companies in america. Patriot missiles made in arizona. Javelins made in alabama. Artillery shells made in ohio, pennsylvania, texas. We are helping ukraine while at the same time investing in our own industrial base, strengthening our own National Security and supporting jobs in nearly 40 states across america. United states is not acting alone. Our allies in europe and around the world who our cost asking us to step up. Were not gon