When you get Companies Like jp morgan, wells fargo up 2 , 3 . I pose this question back to liz ann sonders. Talk to me about the health of the consumer. I know that they dont like the extra low rates. , auto loans,s credit card rates at zero, to the banks then get some hope that they could lend to what is a healthy consumer . Liz ann they can still land. The question is the sustainability of the health of the consumer. There were great fears that we inld see a big rolling over consumption. The is probably because of savings cushion. That was maybe not quite accurate given what happened with the complete shutdown in the economy. 19 or so per that has been nearterm. I think that is on the assumption we get a phase four fiscal plan. The concern, during the period receivingloyed were the spending was significantly more in relative terms than the spending of the employed cohort. The move down in savings i dont think lasts in patootie, especially if we dont see improvement on the job games f
Is life with more. The white house put huawei on the blacklist a year ago, but the administration is still worried that it is relying too heavily on u. S. Technology and on u. S. Software so today the white house is tightening the restrictions around a supply chain. Companies will now be banned from providing huawei with chips made using American Parts or American Design unless they receive special permission from the commerce department. Of course, this also applies not just to huawei, but also to its affiliate including its inhouse chipmaker silicon and it comes at a time when the white house is trying to blame china for spreading the coronavirus. Just today this afternoon President Trump told reporters that he is not thrilled with the possibility that china wont fulfill its obligations under the phase one trade deal and on this move against huawei, the president does have the backing of the gop china hawks on twitter senator rubio said the u. S. Has to take strong action to cut off
Are so wide in disparity. Are bravehose who enough for dumb enough to time this market, we have not seen back to back gains since february 12. We have had this seesaw where we have this string of declines, then this rally, that it resumes the decline. Scarlet i am taking a look at the scope of the moves. When he 3 . Almost a quarter of the members, 10 today. That sounds like a lot but yesterday, on a day in which the s p declined 11 , two thirds of its members. Not even close to what we had seen yesterday. The big movers are really in the defensive set ears. People ares if saying risk on and romaine we are talking about the mechanisms of the market here. Joe the nasdaq up over 7 . Some talk about some of these Tech Companies being popular because they are kind of the new staples. A lot of them have really good Balance Sheets. Even a company like apple, which is exposed to so many risks, something to watch. Havene so many analysts the idea that you have this sort of work from home affec
Merger deal with pfizers generics unit. And disney domination. The studio breaking an alltime record for annual box office earnings, and of course, it is only july. So, theres a lot for investors to digest this week with stocks at record highs. Jim, coming off of those on friday, you were out, but a lot happened good to have you back. Thank you the starbucks calls kind of the emblematic of what happened this quarter. Starbucks had run big. So you had to figure, no matter what, how could it really move then it goes up big dollars because its better than expected, better than feared what were seeing are companies that we were worried about because stocks have run, and then the stocks do okay. So, this is a short sellers dilemma. Lets say youve been betting against companies because you truly believe theres been an earnings deceleration. If earnings just stay in line, the stock flies. If earnings are a little bit below, the stock doesnt do anything. Right. So, theres just this kind of bid
Is not a leaf is not a freefloating currency, but it is market pressure pushing the depreciation. They are labeled a currency manipulator. Stick with us. We will talk about what that means in practice. Anna get Anna Anderson edgerson in washington. There is potential political fallout from the shootings and republicans are getting nervous about suburban voters. We always is the news get, is this the time that will , will lawmakers address the epidemic of gun violence . There is pressure on republicans to block to back common sense guncontrol bills. That is something wildly supported among the American People and something republicans could get on board with if they got political cover from the president , it became out strongly in favor of the proposals. David you have covered congress for some time and you suggest we have seen things like this before. The same thing we saw with senator rob portman from ohio, come out fairly emotionally and say he wants more guncontrol. Things like red