Focus on developing shares already suffering their longest dresses 2022. That in so much more this hour. We sit with much anticipation of the earnings to come, some Risk Appetite today. Maybe the bad news is good news. Some of the Business Activity cool enough more than the market anticipated means we decide to go into equities as we think the Federal Reserve maybe has more space to be cutting in the second half of the. Nasdaq currently up 1. 5 . Two year yield, 69 Million Dollars with, record amount coming to the market yet yields falling today as money move into some of the havens, 4. 93 . Equities rallying on this particular day. Stoxx 600 in europe having a stellar run on the moment, of a percentage point. Up a percentage point. We have a look overall at money moving in to both risk Asset Classes and bitcoin. Well off the highs but still money coming in despite a relatively strong dollar. Ed earnings sent individual technician, tesla getting a boost. We will get ready to play tesla
News right now thanks, guys have a good weekend. See you later. Lets get more on the breaking news out of washington our reporter standing by right now, eamon javers has been in bridgewater, new jersey, and has the latest developments on Steve Bannons exit. Ylan mui reporting on the potential impact on the economy. And bob pisani watching the Market Reaction on the floor of the New York Stock Exchange. Eamon, lets start it off with you. Reporter heres the official statement as it came through from the white house earlier today, saying that steve bannon, was, in fact out the white house saying white house chief of staff, john kelly and steve bannon have mutually agreed today would be steves last day we are grateful for his service and we wish him the best this continues what has been a tumultuous year for white house staffers and highlevel officials, both lowlevel folks and highlevel folks in this white house have been booted out during the course of the year. Take a listen to this soun
Expecting a pick up following the weak start to the year. The Commerce Department reported a 1. 2 rise in gross domestic product. The broadest measure of goods an services produce nd the nation. Estimates were the for 2. 6 and dprout for the First Quarter was revised lower, raising questions about the pace of the 7yearold economic recovery and what the fed might do next. Steve liesman has our story. In the heat of summer, washington got a blast of cold economic air on the economy. The government reported tepid growth in the Second Quarter of 1. 2 , more than half of what economists expected. The report showed the prior two quarters were weaker than thought and it raised worries that the economy could be slowing down. Curiously, Consumer Spending did we with Business Investments that kept growth down. Consumer rs the economy. Thats the piece that matters. Thats flektive of strong payrolls and resilient wage, thats Companies Continue to give money back to shar. Not willing to make that i
Quarter. Surprising investors who were expecting a pick up following the weak start to the year. The Commerce Department reported a 1. 2 rise in gross domestic product. The broadest measure of goods an services produce nd the nation. Estimates were the for 2. 6 and dprout for the First Quarter was revised lower, raising questions about the pace of the 7yearold economic recovery and what the fed might do next. Steve liesman has our story. In the heat of summer, washington got a blast of cold economic air on the economy. The government reported tepid growth in the Second Quarter of 1. 2 , more than half of what economists expected. The report showed the prior two quarters were weaker than thought and it raised worries that the economy could be slowing down. Curiously, Consumer Spending did well with Business Investments that kept growth down. Consumer rs the economy. Thats the piece that matters. Thats flektive of strong payrolls and resilient wage, thats Companies Continue to give money
Expecting a pick up following the weak start to the year. The Commerce Department reported a 1. 2 rise in gross domestic product. The broadest measure of goods an services produce nd the nation. Estimates were the for 2. 6 and dprout for the First Quarter was revised lower, raising questions about the pace of the 7yearold economic recovery and what the fed might do next. Steve liesman has our story. In the heat of summer, washington got a blast of cold economic air on the economy. The government reported tepid growth in the Second Quarter of 1. 2 , more than half of what economists expected. The report showed the prior two quarters were weaker than thought and it raised worries that the economy could be slowing down. Curiously, Consumer Spending did well with Business Investments that kept growth down. Consumer rs the economy. Thats the piece that matters. Thats flektive of strong payrolls and resilient wage, thats Companies Continue to give money back to shar. Not willing to make that