mind let s go ahead and take a look at the state of the global economy and what s moving markets today with todd horowitz chief strategist at bubba trading and octavio c.e.o. of optimists l.l.c. thank you both for being here today octavia i want to start with you here i want to get your take on this economic data that we just talked about what do you make of this possible v. shaped recovery in germany and with the rest of the eurozone facing inflation issues well off the e.c.b. as targets do you see the central bank injecting more stimulus to get things rolling. well i think the projections coming from germany are new to the optimistic original the germans of being so minus the optimistic typically now their projections are predication quite a few things 1st of all they re saying we re not going to have further lock sounds and which means there s not going to be further outbreaks of covert i m not quite sure how they re able to make those projections i think the balance the r
gave this answer whether asked about a peaceful transition of power. president trump: get rid of the ballots and you will have, you will have a very peaceful, there won t be a transfer frankly. there will be a continuation. charles: we get reaction from the rnc coming right now. all that and so much more on making money. . charles: recently in a mad dash for the exits we ve seen gains turn into losses quickly. some are comparing this action to the so-called taper tantrum. you remember back in 2013 when there was a great fear that the federal reserve was going to turn off the spigot, begin to undo the massive quantitative easing. don t say to stuart varney i said qe. the stock market knows it has the power to moving averagers and shakers, president, congress, ceos, yes, even the federal reserve. i think the market rallied big time in august because it assumed there would be more accommodation. then last week the market had its wake-up call, maybe the fed don t do more. now
in the hot seat as the firm faces claims of racial discrimination we ll bring you up to speed on the latest lawsuits plus as the world handles dueling crises of the coronavirus and global economic slowdown greece and turkey have opened a new front for concern as tensions are high in the mediterranean with a packed show today so let s dive right in. and we lead the program with positive data out of europe s largest economy in the german government said tuesday their coverage is going better than expected issuing an upward revision of its economic forecast for 2020 german economic minister peter all meyer said tuesday the country is dealing with a v. shaped of development. the recession in the 1st half of the year was less severe than we had and the upturn after the low and the peak of the restrictions has been faster and more dynamic than we had. however it is true that we are over the worst since may we have a significant recovery in the economy and in services in trade and i
this is blue bus the one business show you can t afford to miss bourne washington coming up concerns about one in the european union as inflation has gone negative for the 1st time in years amid the copen 1000 outbreaks while germany is looking at a v. shaped recovery will dig into those numbers and fast food giant make donald is back in the hot seat as the firm faces claims of racial discrimination we ll bring you up to speed on the latest lawsuits plus as the world handles dueling crises of the coronavirus and global economic slowdown greece and turkey have opened a new front for concern as tensions are high in the mediterranean with a packed show today so let s dive right in. and we lead the program with positive data out of europe s largest economy in the german government said tuesday their coverage is going better than expected issuing an. upward revision in its economic forecast for 2020 german economic minister peter all meyer said tuesday the country is dealing with
notches a record close. we are up 162 points, much more than we needed. the s&p up 15 points. the nasdaq up by 41. we are looking good right now. we will take all of this up with our floor show guys. also coming up in just a few moments, we ve got philadelphia fed president and ceo patrick parker who will sit down with edward lawrence to discuss his historic vote to change the fed s inflation policies. the cleanup from hurricane laura in full force across the gulf coast as power companies work to turn the juice back on for folks down there. we are going to go live to lake charles, louisiana to get an update. and the one company is helping some of the biggest corporations in the nation return to work from the coronavirus pandemic in a safe and touchless manner. we will introduce you to the ceo of envoy. this is a fox business exclusive. coming up, less than an hour to the closing bell and i m cheryl casone in for liz claman. let s start the claman countdown. cheryl: we