volatile market, plus a potential rate hike. pimm: donald trump is taking aim at wall street. he said he would make hedge fund managers pay more in taxes. matt: it is been a decade since hurricane katrina devastated new orleans. we will look at how the city has recovered economically since he catastrophic storm. ♪ pimm: good afternoon. matt: we want to look at the markets right now. equities advancing after a much stronger gdp number then we got it the first reading. the s&p 500 up 2% now. 1977.

well at 4788. as one of the things i wanted to take a look at was the syngent x index. ae president tweeted that government shutdown would add to global volatility,'not -- volatility. not sure if he was talking about the equities market. you can see the volatility over the past year and the past couple of days really. i will pull it out since august 12. we got to a high we have not seen since the financial crisis. at one point in the 50's but closing in the 40 handle range. we are starting to come back from that and we heard traders toing they expect the vix come back to a 20 handle or lower. we are at 25.

pimm: you mean revert? matt: revert to the mean or one standard deviation away from the main. pimm: if only you could have that chart the day before it actually spikes up like that. matt: that would be fantastic. a lot of people buy and sell vix options. pimm: let's look at what is going on now in the commodities market. i want to draw your attention to oil moving higher today. nymex crude over $41 a barrel. 46.34.rude in europe at gold futures are pretty much unchanged. let's look at the bond market. a little bit of selling at the front end of the curve, a little bit of buying on the backend. let's finally take a look at currencies and see how the dollars doing. it's gaining against the euro. the japanese yen up against the

dollar in the pound sterling also weakening against the dollar. we want to bring you inside the bloomberg terminal and look at some of the winners and losers at the s&p 500. this is looking at all the constituents over the past five days. cameron international, agl resources, take over best buy. they had to do with their more electronics selling. also taking a look at the worst performers. retailers ross stores being hitting. shares, asks, mining well as valero, marathon. get down to our top stories at this hour. the u.s. economy grew faster in the second quarter than previously estimated. the gross domestic roddick rose -- product rose at 3.7%.

they were saying last month it was 2.3%. ever biggest gains in consumer and business spending and a record increase in inventories. that may be a sign that strong growth will be a challenge to sustain. they have to sell all those inventories out. there is a sign of momentum in the housing market. the report says it rose in the last seven months. one half of 1%. mortgage rates still expensive by historical standards, around 4%. consistent drop growth also helping the real estate market. matt: first-time jobless claims fell to a three-week low. since march, the estate below 300,000 and that is a level that economist always talk about consistent within improving labor market which we know we have. the president of greece has appointed the head of the supreme court to lead a caretaker government as the

country moves one step closer to an earlier election that had been planned. -- will become the first female prime minister, the head of a breakaway left-wing party failed to find willing coalition partners and former government. it is looking like elections will be held on september 20. bodies ofdecomposed migrants for found in an abandoned truck gary and border. austrian police made the grim discovery. there are at least 20 victims but the death toll could be much higher. >> during the conference we have received the tragic piece of information. up to 50 people have been found dead in a traffickers vehicle parked next to the motorway. in this case shows how important

it is to save lives by fighting crime and fighting human traffickers. and once again goes to show you need to give asylum to people who are on the run, who are refugees. pimm: he is the chancellor of austria. the discovery came as austria posted a summary indiana on europe's referee crisis. western balkan nation seven overwhelmed by tens of thousands of migrants desperately trying to get into europe. matt: those are some of your top headlines. coming up in the next half hour, ferrari is gearing up to name a new ceo and he may be a navy already know. i who runs about 18 or 19 other things under the umbrella. will he be ready to assume another role? pimm: let me tell you about donald trump.

speaking to bloomberg, the front runner scolded jeb bush and takes aim at wall street saying the wealthy should pay more in taxes. more coming up at the bottom of the hour. matt: he said hedge fund managers should pay the same tax raises everyone else. pimm: the carried interest, yes. matt: the federal reserve is holding its annual retreat at jackson hole, wyoming. will the fed begin to raise interest rates in september? michael mckee is in jackson hole and he asked esther george what investors should expect. >> we should respect volatility from time to time. we are in a period of some uncertainty. questions about china, questions about global growth. i think we should expect some volatility. what it means for monetary policy is not yet clear. it is a complication.

it is something we watch but i'm not ready to say it has some particular long-term effect. reporter: the fed held off on tapering back in 2013. the argument was that volatility have a twit tiding of financial conditions. d.c. that scenario possibly playing out again? >> spreads have widened but the market came back today. i think it is too soon to tell what it means. , of course, markets operate in short spurts. i'm like -- i would like to wait a little longer to see what it would mean more generally for the economy. reporter: if the market stabilizes, september would still be alive option? i think that every meeting is going to be alive option -- a live option.

i have not seen anything that would change my own sense of how the economy is doing. the fed: do you think they want to change its reaction function to risk management or too soon to say? >> i think that is a discussion the committee has to have. i have been saying for some time as i've seen the economy consistently grow and labor markets improve, i thought there was scope to consider rate increases before now. we will wait and see what the committee's thoughts are. reporter: you have had a number of prominent economists say the market form oil deserves an easing response from the fed. would you see that as essentially a yellen put, and would you see it that way if you are on wall street? >> i am not a wall street. policymakers job is to look to the long-term.

that is why we have to be careful trying to read too much in and decide today how we might react to that. i think that takes more time and we have the time. we have until the september meeting to see how things look than. reporter: a lot of people say it a large portion rests with central banks because so much liquidity was pumped into asset markets and it inflated their prices too much. does that suggest you it is better to get out now all you can? >> i have always had the sense from the various iterations of qu we undertook, which were designed to support asset values and boost asset values. this could be a consequence. this could be one of the costs down the road. i think we have to be mindful of that. we have to think about that in terms of policy. moveter: what a near-term impact markets and the economy

by reinforcing confidence in the growth outlook the fed sees things getting better. or if it held off with a seat at the economy a worse? >> we have to look at what things look like at the time of the september meeting. my own view is that the economy is strong enough to begin the normalization process. i think that would be a sign of confidence. it would limit some of the uncertainty that i think is out there today. seeing where we are in september around those issues is very much money part of the discussion. the fed credibility of the long-term babita's -- determined by how effective policy is. i cannot prejudge potential policy errors, things that my react. i think being clear about how we see the economy, thinking about the long-term risk to sustainable growth, for me has

argued that we should move sooner rather than later. the longer you wait, the more complications can build up. reporter: the longer you wait means a steeper, faster tightening? >> it could mean that. we have been at zero a long time. i think it is reasonable to expect the city of some volatility. i would like the opportunity to see how the economy responds and be in a position to know whether the path is a more gradual or slower path compared to a more rapid want. -- one. pimm: joining us live his michael mckee. what is your sense of where things are headed based on your conversation with her? is funny because earlier this week all the talk was the fed pushing back the september date into maybes december or 2016. a couplegdp report in

of days rally on wall street and every one is talking about september being a potentially live option again. the feeling generally about the gdp numbers as they tell the fed they are getting close to where they need to be for a rate increase because all the cylinders for the economy seem to be firing and even the inflation numbers and not too bad. matt: how are people reacting to bush's.7% is a most jeb target. you have on of women at 5% and on inflation around 2%. what else does the fed need to see the raise rates? >> that is a good question. the theory has been, and the basicallyrs have said as comes out of the economy, as we grow faster, that will start to put inflation pressure on the economy. we will start to see more inflation which is their goal at this point. the question is when is a common how quickly does a pop up.

the hawks would say we are in danger of popping up too fast. others would say it will not happen for a while and that is a debate they will have on september 17. pimm: you have a big line of a guess for tomorrow, have any? -- haven't you? >> how you vote on such timber 17. we will ask for more after esther george. and others will all be the -- be with us tomorrow. we will find it what they think of the economy. how it will influence their votes. pimm: thank you very much michael mckee. he is in jackson hole, wyoming. matt: re: the $10 million ? -- i probably spend two hours today listening to bloomberg radio. still ahead, some of the world's top economic minds in jackson hole.

pimm: we will be speaking with thomas hoeneg, vice chairman of the fdic. ♪

♪ pimm: this is "bloomberg market day." matt: stocks rallying for a second day confirming president obama's suspicion the global volatility is rough right now. yesterday we had a 600 point gain.

julie joins us now with the look and the action on the street. julie: we have more gains today. today we had a pretty consistent trend. it is kind of a relief, at least until now. we will see of that continues throughout the session. the three major averages all higher. a gdp revision which was higher. home sales were a little weaker than estimated but still showing a rebound. all of this helping. the nasdaq is the best performer of the three major averages. i want to focus in on it a little bit. if you look at the today rate of change, that is what this chart rate is. this is the magnitude of the today gain -- two-day gain. they are said to have the best rally since 2009. the go all the way back to 2009 see that line is the largest since the 2009 nine.

-- line. it is now turned positive on the year. we should note it is still a percent below the high it reached back in late july. we have this sort of retracement if you will from the lows but nonetheless still not recouping the losses that the nasdaq or the other majors made over the last week or so. within the nasdaq we want to look at some of the top performers. taseesla is one of them. we had a "consumer reports" rating for the all-wheel-drive version of their model s. 100. nota 103 out of sure how that is possible based on its power and efficiency even though the reviewers said the internal furnishings were not necessarily up to other luxury carmakers.

take a look at netflix. it is one of those really sharp examples of what we have seen happen in the markets over the past couple of days. it is still the best performing stock in the s&p 500 to date. it has more than doubled. they got hit with the rest of the market and it is now three. that's rebounding -- it is now rebounding. analyst are saying the third quarter is off to a strong start for amazon. prime and expansion will help the growth of the company and also its cloud business is a reason to buy according to the analysts. not getting as much as the other but 3%. pimm: you have some news on apple. matt: i was kind you make a comment on each of the stocks. i agree with "consumer reports" about the tesla experience. it drives like a dream and the

new in safe mode -- insane mode is unbelievable. the on -- the interior leaves something to be desired. i was going to say apple says it will have a special event on september 9. it did mention siri, it's personal digital assistant. 3%,es are up about 2.8% or more than three dollars per share. matt: we have been reporting for weeks that apple would have an event on september 9. matt winkler, our executive editor emeritus used to state news is a surprise. this is not a surprise. it is a calendar item. apple has confirmed a scoop we got. they will have it in san francisco, also not a surprise. they will talk about siri, which is good because it does not work for a well. pimm: and facebook is rolling out m.

matt: very cool name. pimm: still ahead, there may be a change at the drivers seat at ferrari. matt: we will have the latest. ♪

♪ matt: this is "bloomberg market day." pimm: furry they appointed a chief executive. -- for lori may appoint a new chief executive. ni is likely to be named to the top spot at farrar i. matt: this would be yet another title added to the resume of sergio who also serves as the ceo of fiat chrysler and another -- a number of other businesses.

this is a scoop, definitely a new story and not a surprise. sergio basically runs everything at this company. he has always had such a huge love affair with ferrari. chairman who the had been running for lori -- fe rrari for 30 years. they even have a car named after sergio. a limited edition sergio it is called. pimm: does it come of the sweater? i want to ask something about for robbery -- ferari. is that kind of each rating on the market rather than on the actual business of ferrari. matt: the business is doing very well but sergio things the brand is worth a lot more than shareholders in fiat chrysler

are valuing it. that is why they are going to sell 10%. look how gorgeous that is. they will this year with the other 80% to the shareholders which also should help fiat chrysler's share prices. boys holdsferrari the other 10%. pimm: as far as the future of ferrari, they want to ramp up production? matt: they wanted to do it to maintain exclusivity. they want to sell more of those. i will miss you. i will be here. stay here for more "bloomberg market day." ♪

♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the scenes footage, all of taylor swift's music videos, interviews, and more. xfinity is the destination for all things taylor swift. ♪ matt: welcome back.

we want to get a look at some of the top stories making headlines at this hour. amazon is cutting back on the development of smart phones and other consumer devices. amazon has dismissed dozens of engineers who worked on the amazon fire phone. it is also stopped or scaled-back work on other projects such as a large screen tablet. tiffany is getting hurt by this younger dollar. the jewelry chain posted a second-quarter profit that missed analyst estimates. the strong dollar has lowered the value of tiffany sales overseas were gets most of its revenue. it is also kept foreign tourists from buying activity here in the u.s. the ceo on the conference call right now talking about china. >> with regard to recent news from china, and the same way it is not possible to quantify the positive wealth effect from a rising stock market on our sales growth in the past couple of years, it is similarly difficult

to predict any potential negative affect on sales in magnitude or duration. from the recent stock market correction or currency valuation. matt: let's look at how the shares are doing. down 2.5%. the stock had artie slumped 20% this year. -- already slumped 20% this year. windows 10's been out for less than a month and is already being used on 75 million devices. it is promised shareholders that when it reaches one billion users within one year -- three years. facebook is hoping to offer a service like siri. they are testing a personal digital assistant inside the messenger app. service offered by google, apple, and microsoft. in the next half hour, the road to recovery has not been easy for the big easy. we will look at how new orleans

has changed since katrina. and what is nice for wall street after an incredible up-and-down week. right now, donald trump's momentum shows no signs of slowing down. a new poll from quinnipiac university shows that he is now the choice of 20% of republicans nationally come up from 20% in poll.ior paul. -- he took aim at hedge fund managers. trump: i do very well. i do not mind paying taxes. the middle classes being clobbered in this country. they built this country, not the hedge fund guys. i know guys and hedge funds that tell nothing and it is ridiculous. -- that pay almost nothing and it is ridiculous. program.atched the >> and you are excited by it. i got a personal enough from you. matt: using a next what if

because of body came across almost like a reasonable conservative american. he was not doing any crazy stuff he does when he is stumping at the iowa state fair. >> there is one thing that is great to sit across of him. part of the problem with trump, and every politician is different on stage. i think he is a politician now. he also do so much media were he just called in. there is a lot of interviews on tv is just him by voice. it is different if he can sit that close to him as a put you in a more human place. we asked a lot of questions seven not just course race questions or straight clinical questions. he kind of enjoyed a give-and-take on some issues, especially very to business and -- especially related to business and finance. matt: he brought of tax inversions as a real problem. he brought up the hedge fund, the fact that hedge fund

managers get a steep discount on their tax bill. he did not back down on that which i thought was interesting. >> the point i tried to raise with him was he a trashed hedge fund managers previously. and suggested he might be in favor of changing their tax treatment. he agrees with hillary clinton that they should be taxed as ordinary income. matt: you say he agrees with hillary clinton -- >> she's the democratic front runner and he is the republican front-runner. that is an unusual situation where the front runners of both parties agreeing on an issue of tax policy. i think it's interesting day great. it tells you something out the populist campaign he is running. he is not running to be the candidate of wall street or rich guy. and carried interest applies to people of stakes and limited real estate partnerships and he has about 10 of those. not only would he go after hedge fund managers but also wanting

to apply that across the board for interest to real estate people like himself. it was interesting to be go that far. matt: it's hard for me to imagine, and i'm not saying i know it he does in his free time, but donald trump whipping through the king james bible. listen to what happened when you estimate his favorite passages work. -- were. >> i don't want to get into it. it means a lot to me. the bible means a lot to me but i don't get into specifics. >> even decided verse? -- to site a verse? trump: the whole bible is incredible. they always hold up "the art of the deal" and i say it's my second favorite book of all time. matt: i am reminded of katie couric -- i like both estimates the same. >> we did not structure that to

be a gotcha question. he said it is his favorite book and he spends a lot of time with it. what partssk the guy of the bible do you get inspiration from. i am not a bible get myself. matt: you could at least it was one parable. >> i like the book of psalms. i can do that and a not even a religious person. we want to hear what he had to say any was vague. that does not necessarily mean he doesn't read the bible but he was a little vague on his knowledge of scripture matt:. certainly as far as fried going for instruction. -- pride going before destruction. most candidates duty to have pride. jeb bush does not seem to haughty. 's great ofrump

bush. >> he>> is a low-energy person by nature in that is ok. there is nothing wrong with that. i has a wonderful low-energy people. they are some of the nicest people i know but that does not mean it will be get a negotiating with china to bring back our jobs and money. japan, everybody else. you look at the iran deal. will he make a better deal than barack obama? i kind of doubt it. matt: i love that part. some of the nicest people i know are low-energy people. what did you think about donald trump's performance yesterday? i thought he did very well as far as performance into medication. -- -- as far as performance. >> one of the things he is best at doing is mocking his rivals, whether it is chris christie or marco rubio and particular jeb bush. try to get fired up and attack trump at a campaign event. part of the reason that works is

it resonates with people who it was not a, particularly happy warrior right now. he is a cerebral guide and he comes across as if he is not having the greatest time of the campaign trail. one of the most attractive things about trump is that he is having fun. he has had a big life. he is having a lot of fun. low-energy is is the weighted get under jeb's skin a little bit. if you look at the way jeb has reacted is to wrap up his aggressiveness. it seems they are listening in the bush campaign and trying to counter it. matt: yesterday you estimate he really wanted to be president. you asked for all that he would make it. now he is saying what, 25% or 30%? >> he does not want to set expectations too high. like i said yesterday, he is a clear front runner and has been for a while.

the gap between him and the field is growing, not shrinking. he has it in his mind now that he could be the guy who sits in the oval office. we could sit here all day and talk about various reasons why that would be a big lift to get all the way there. matt: he is speaking done a green -- greenville, south carolina. we are showing that you. what are the chances of this guy actually winning the republican nomination? it seems that jeb bush's point roberto waiting for handed -- rope-a-dope, waiting for him to screw up. >> if trump has staying power and we think he has some, he's not going anywhere. he will not blow himself up. he has survived a lot of controversy. it looks like he has a lot of appeal. he is to appeal to evangelicals, pro-business republicans. he will have to get a big chunk of the republican vote only get

to a place where things continue on this path. what is his ceiling? 25% or 30%? that is a lot in a 16-candidate field. it is harder if it is a one-on-one match. bush is trying to position them self is the last man standing. i will survive and persist until it is a one-on-one race between me and donald trump. in the end they're hoping republicans will see him as a more plausible candidate and donald trump. matt: and doesn't necessarily have to run as a republican. you asked him about ross perot. you can check out the entire interview and i think if a piece on the headquarters as well which i still have not seen. definitely check it out on bloomberg.com/politics. markets are zooming higher as we had to break. here is a look at some of the big gainers.

mp: this is in the front page. especially if he come from new york. if you're on the front page, that means a lot to me. it is tough ♪.

♪ matt: welcome back. stocks are off to the races for the second straight day. olivia joins us now to take a deeper look in today's action. olivia: we are at session highs now. this is a global relief valley -- rally for the first time in six days. the dow was up more than 300 points. still off by about 920 points since its most recent peak on monday of last week. a couple of things going on.

better than expected economic data here in the u.s. coming in well ahead of every 's estimates.ist helping with sentiment. we had dovish comments from bill dudley. and the fact that bloomberg news is reporting that the chinese government actually did intervene in markets at the end of the trading day, buying up some chinese blue-chip stock. we are all on track for the biggest two-day surge since 2009. coming to my terminal i will show you the breakdown of sectors. you are seeing the light green energy shares up by more than 4% right now. this comes as oil is surging. west texas on track for its biggest surge since june of 2012. energy shares as a sector, some

of the best performance. -- they areaying having a killer day. -- shares still down safety 4% per date -- 64% to date. copper having its best day since may. --mcmoraort not karen n. up 28% at this point. i will leave you on what is happening to the dollar index. it is on pace for its best three-day rally since 2011. this is on the back of strong u.s. economic data and better-than-expected provision to second quarter gdp. slightly better reading on jobless claims. the dollar index just below 96 here. freeport gain their in

because it is cutting production. very interesting stuff there. agong up, 10 years hurricane katrina ripped apart new orleans. we will talk with the mayor about how the city is faring today and we will give you an inside look. stay with us for that. ♪

♪ matt: welcome back. i am matt miller. 10 years ago the world watch new orleans get 20 part by hurricane katrina. -- torn apart by hurricane katrina. floodwaters everywhere. where is new orleans now. the city population is smaller than it was a decade ago. louisiana's

lieutenant-governor at the time and now he is in his second term as the mayor of new orleans. we said that with them to talk about his memories of the storm and what new orleans looks like today. >> it seems to have gone by in a blink of an eye. it is better than it was before. hurricanes come in and go out. this is the part of the history of new orleans since the beginning 300 years ago. this one was different. you can see it. it was just ominous. 500,000 homes were hurt. 250,000 were destroyed. 1800 people lost their lives. it was a catastrophic event for the nation. the country really gasped when they saw american citizens on the steps of the superdome. the possibility we can lose a great american city. >> so much of the conversation

was about rebuilding the city. it looks like you have reinvented with that city was. focusing on problems that exist in beforehand they could be fixed. >> people ask me does it take a catastrophic event to change things are medically? the answer should be no but it probably is yes. the miraculous thing of the people did. push off the desire to get back to the way it was the day before the storm hit and live in discomfort and uncertainty for a while so we could actually take a hard look at who we were, who we are, and where he wanted to go. we went through every institution in the city and changed it as though we were able to correct mistakes of the past 40 years. we have not completely finished. i think a transportation -- transformation is a great story of how the country can transform newelves as we look at -- asus all the problems. reporter: often time investment

is targeted on certain sectors. still lagging behind some of the other neighborhoods. how do you encourage businesses to look at investing in the city more broadly? >> nothing in the city that is gone well has been done without the partnership of the federal, state, and local governments horizontally and vertically integrated with the foundation community and partnership with the faith-based immunity and the nonprofits and the citizens. it is many complete team approach. if the problem was in health care, government, criminal justice, that kind of team approach is produced much better results. demographic trends are moving more people into the city and because of the fact that washington and in -- intervention and innovation is happening on the ground. reporter: what needs to change today for where you would like to see it in the future?

>> people have got to have access to opportunity and they have to have the tools necessary to take advantages of that opportunity. whether it is the creation of a job, living in a neighborhood. new orleans is a great story of comeback, resurrection, of redemption. we still have a long way to go. i think america could really look at what is happening in new orleans and say there is a way out of the difficulties we are having another cities in the world. new orleans was a canary in the coal mine. we hope we've been able to teach the country some things about how to be strong. well,mark is here now as joining me because he cares very deeply about this issue. live from new orleans is our own david guera. what kind of changes have you witnessed down there? how do you feel the state of new orleans is today? >> i have been back here a number of times since that

storm. every time it seems like there is in more and more progress. there is a new hospital that opened up. you also notice as he was alluding to how much stuff is changed structurally. all butol district was closed down after the storm. hundreds of teachers were fired. now you see a city with a huge amount of charter schools, like nowhere else in this country. the same reinvention happened with the health care system. many more clinics the never before. the place looks different and it does seem to be a palatable sense of moving forward. bloombergnder of wrote a column about what was going on in new orleans and i would like to read part of that. "a decade later in new orleans." " new orleans has a long way to go to improve economic opportunity for all of its residents, but he needs case the imaginativeracing

and innovative policies that have brought it back from the brink of collapse and offers hope for what the next 10 years will bring. mayor landrieu basically said the same thing. this is an enormous undertaking. what kind of help is to well it's getting from the private sector to a college's goals? -- accomplish its goals? >> a ton. there has been a lot of support from private foundations. they came down here and offered to help. a lot of target investment in education and health care. there has been a few choke is in finding new ways to take the economy in different directions. you think about the new orleans economy historically. petrochemicals, transportation,. there is a sense that there has to be something different to add to that. technology, digital technology. this is something the city and state invested heavily in to make is a hotbed for both of those things. just walking around there is a

new neighborhood called the bio district. i mention the hospital that we visited a couple of days ago. that is a huge facility. 2.3 million square feet. there that the city hopes will be growth of a lot of small companies and him give rise to bigger companies thinking of new orleans as a place they can relocate. the most important prerequisites for investment is the rule of law and new orleans was not a terribly safe place before katrina. after the storm it was incredibly dangerous. how have they turned that around? i know they have done a great job in fighting crime in making it safer tourists and businesses. >> is still very much a focus. the mayor said there is a lot more work to be done, especially when you look at the murder rate. that is down a bit but still not where he wants to see and work not everyone wants to see it. the mayor in fatah could need

speed more transparency. -- emphatic there needs to be more transparency. matt: david, thank you very much. coming to us from new orleans. he has special reports you can check out on our website at bloomberg.com. there he interesting work is done on their. -- down there. >> as the mayor mentioned, we still have a long ways to go. they have faith that it is a great american city and they will do what they can to bring about to life. matt: it's been 10 years since the right -- rate hike as well. we will be back in a much shorter amount of time. stay with us on bloomberg. ♪

matt: it is 10:00 a.m. in san francisco, 1:00 in new york. are higher for a

second straight day erasing the losses and will look at whether this rally is here to stay. matt: oil is enjoying its best day in three years. wti crude is gaining as u.s. stockpiles show a decline. mark: the volatility is casting a shadow over the annual retreat in jackson hole by the fed will go live to wyoming to find out what economists think about a rate hike. matt: good afternoon. mark: thank you so much for joining us. let's take a look at the market. stocks are advancing on this thursday. it has been a wild willy can the global relief rally is in full throttle. chinese shares snapped their five-day losing streak. an data