Annualized basis. Slightly less bad in the estimates. They do expect a contraction of more than 20 . Nonetheless, the nikkei up 2 . You looking at u. S. Jobless claims and payroll, adding urgency around stimulus in washington. The snp active futures in the u. S. Up 1 10 of 1 . The dollar still a big story in terms of the weakness. 6. 97 . Offshore at stronger data suggesting the economic recovery in China Remains on track your the bloomberg dollar index flat. This is what is happening with the dollaryen, flat essentially. The pound on a tear. Have a the boe that will meeting thursday and no action is expected. We will look at some of the commodities as well. 56,10 year yield below yelled at 55. Today we are expected to get details around a treasury in cash issuance and the economic recovery plans in the united states. Thats whats happening with oil at 43 a barrel, down 6 10 of 1 . Lets get to first word news with Karina Mitchell in new york. Karina global coronavirus cases have topped
Michael its been a while since ive been able to give good news, so i will take as much time as i can hear. It doesnt happen very often, but it did happen in july. Manufacturing data betterthanexpected, particularly in europe with of increase for most major economy. Spain leading the way at 53 point five. Italy at 51. 9, france, 52. 4. The euro zone as a whole comes in at 51. 8. All of those numbers for the most part above what they had been in june. These are sentiment indexes that suggest that look at the comparison between june and july. We dont know whether they really incorporate the rebound in cases. In the states, we saw a much better than expected ism unemployment number of 54. 2, which suggests that maybe it did not capture it, or manufacturers managed to keep going through the covid outbreak. We are just now seeing covid start to show up more in europe again. That is something to keep an eye on. Several surveys show that while overall moment to miss revving up, momentum is rev
Story here for stocks. We could look at a record close for the market the dow is up 63 but coming off its highs. Courtney reagan with stay closer look. The stocks falling a bit here as the dollar strengthens, like you mentioned, those comments from President Trump to joe kernen in davos. We have found some footing lets see what happens going into the final hour here not a repeat of what we saw yesterday when we saw this pretty fast fade around the european close time. Its the big m word thats being discussed as the main driver for this rally. Momentum thats taking equities higher there are commentaries coming out of the blue chip dow earnings, like caterpillar, and bellwether indicator like 3m we do have that phenomenon happening today. Caterpillar, 3m and Goldman Sachs helping to lift the Dow Jones Industrial average health care, materials, among the strongest sectors. And biotechs etfs, the hxb and bxi. The aerospace and Defense Group is hitting a new intraday alltime high today led
Every industry and increased cost for every americans, from cell phones, cars, televisions, even refrigerators and washing machines, products we need every day and using computer chips to function. The medical equipment at our hospitals and the Technology Used by our military. This is why the computer chip shortage were facing is a critical, economic and National Security issue. Its caused prices to rise, and limited the availability of many products, something that anyone who has tried to buy or meant a car over the past couple of years knows all too well. This shortage is directly impacting hardworking families and the businesses that support jobs across our nation. Its companies that are employed in my state of nevada which uses computer chips to manufacture cancerfighting and other critical medical technologies. This shortage, this shortage is impacting lives and livelihoods. For decades, america was a Global Leader in manufacturing and innovation, but over the years, we outsourced
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