How apples shakeup is driving the blue chips plus the online surge, best buy notching is 242 gain in ecommerce sales in the Second Quarter but can it last . Trade optimism, u. S. And china officials reaffirming their phase one commitment, the s p is poised to add to its record run. Jim, i saw you last night mentioning those changes to the dow and your general point was dont be fooled in thinking there is as much money indexed to the dow as to the s p. We said that last night, its been the theme all morning and theres been no sellers. One of the reasons theres been no sellers are the people who are now trading stocks in early hours have tremendous conviction in the face of being wrong its rather incredible because the hubris of these people they must think dow jones has a lot of money to it and it has to come out of exxon and into salesforce david, you have been at the forefront of the network in explaining the nature of the dow and you see this, too. Arent you shocked that even after w
Jackson hole goes virtual. Jerome powell gives an update on the central Bank Framework review. We hear from bank of england governor Andrew Bailey and ecb philip lane. No more lockdowns here. Italy joined france and spain and rolling out another nationwide shutdown. Despite rising cases in all three countries. Global infections past 24 million. The eu trade chief phil hogan quit after growing criticism that he broke my wrist rules by going to a golf dinner. Just under an hour away from the start of cash equity trading in europe as hurricane laura makes landfall in cameron, louisiana. See european futures swinging back and forth between gains and losses. Right now, dax futures up about 1 10 of 1 . The futures doing a lot of nothing. A bit of a stall after global stocks really had an alltime high again yesterday. I want to bring you some breaking news on wpp. The second quarter, organic sales at the advertising behemoth down 15. 1 . This sales hit was something that investors were focuse
We have seen strength. It has reached 690. That could mean a path to a level not seen since january. The hang seng up 1. 5 . Take a look at where we are in terms of emerging markets. They are trading higher. 1 shy of a recent losses. The kospi is up. The south korean assets will be watched today as it is expected to stoper restrictions a flareup. Gold down to 1943. Lets get to first word news with Karina Mitchell in new york. Karina President Trump is welcoming a coronavirus treatment that involves blood plasma from corrupt recovered patients, saying it will be expanded to more sufferers after the fda approved its use. This makes it easier to make it accessible. Even though its full effectiveness has not been proven. The fda has concluded the treatment is safe and works. Virushas marked a grim milestone topping 3 million infections as the outbreak accelerates. New cases rose by 59,000 sunday with 57,000 people having died in total. South korea is considering imposing tighter Health Res
That you are really good at portage is, so we are going to do a lot of canoeing. Back then, it used to be birchbark canoes. Of course, lisa was totally wired up in the adirondacks. Did you have anything at all . Lisa no communication, no internet. I am glad to be back, though. A pretty active late august, all things considered. Tom it is, lisa, without question, the most odd august since 1998. Mr. Ferro is still off. It has now gone from vacation to sabbatical for jon ferro. Lisa and i will get you through the week. Dow futures up to 70. We will get you to the data in a moment. Yields really havent moved, and that is a key item. Also, Lisa Abramowicz with some of the ideas of the morning. What do you have . Lisa not only do we have the political backdrop in the u. S. And also in europe, with the u. K. And the European Union continuing contentious negotiations this week. Last week, talks broke up friday with Michel Barnier warning that an agreement seems unlikely. New york city tentativ
Protests as police used Water Cannons for the first time. Manus welcome to daybreak europe. Ae question, are we just on staging post, all out 25 tariffs . Morgan stanley warned of a meaningful risk in the trade war of escalation and a risk of a global recession. If we move to 25 percent on all imports and it sticks. That is the new level of conversation. Escalation risk. Nejra extraordinary times. One trader talking about the fact that President Trump can wreak havoc in ways no one ever thought of. Weird would be one definition of it. Dollaryen, we have already traded through that. Dollaryen is the very personification of where you would want to lean in to. Yen againstlook at the lira. Demolition derby. The chinese vice premier, willing to solve the trade problem by dialogue and calm attitudes. You wantnt think that to buy treasuries at the lowest level since 2016, where might you put your money . Gold, the highest level in six years. Etfs sucking in the money. Have a look at your s p