Miércoles 19/08/20 Las minutas del Fed

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Miércoles

Eventos económicos

Minutas del Fed

San Francisco Fed President Mary Daly speaks
2 pm FOMC minutes July 28-29
3 pm Richmond Fed President Tom Barkin speaks

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Copper August 18,21:59
Bid/Ask 2.9941 - 2.9948
Change +0.0220 +0.74%
Low/High 2.9262 - 3.0134
Charts

Nickel August 18,21:59
Bid/Ask 6.5741 - 6.5809
Change -0.0318 -0.48%
Low/High 6.5523 - 6.6172
Charts

Aluminum August 18,21:58
Bid/Ask 0.7913 - 0.7920
Change +0.0011 +0.14%
Low/High 0.7887 - 0.7948
Charts

Zinc August 18,21:59
Bid/Ask 1.1053 - 1.1059
Change -0.0045 -0.41%
Low/High 1.1012 - 1.1110
Charts

Lead August 18,21:58
Bid/Ask 0.8958 - 0.8967
Change -0.0014 -0.15%
Low/High 0.8946 - 0.8978
Charts

Uranium Aug 10, 2020
Ux U308 price: 32.00
Change from
previous wee

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81.12 0.73
Japan: Nikkei 225 23090.08 39.00 0.17
UK: FTSE 100 6076.62 -50.82 -0.83
Crude Oil Futures 42.71 -0.18 -0.42
Gold Futures 2004.40 -8.70 -0.43
Yen 105.38 -0.02 -0.02
Euro 1.1938 0.0007 0

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81.12 0.73
Japan: Nikkei 225 23090.08 39.00 0.17
UK: FTSE 100 6076.62 -50.82 -0.83
Crude Oil Futures 42.71 -0.18 -0.42
Gold Futures 2004.40 -8.70 -0.43
Yen 105.38 -0.02 -0.02
Euro 1.1938 0.0007 0

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7 states approved to offer extra $300 weekly unemployment benefits
PUBLISHED TUE, AUG 18 20201:37 PM EDTUPDATED TUE, AUG 18 20205:30 PM EDT
Greg Iacurci
@GREGIACURCI
Arizona, Colorado, Iowa, Louisiana, Missouri, New Mexico and Utah were the first states to be approved for an extra $300 a week in federal unemployment benefits.
South Dakota is the lone state so far to decline the assistance, created by President Donald Trump in a recent executive measure.
The assistance may last just three weeks in some states. First movers would likely get more, experts said.
Carlos Ponce joins other demonstrators participating in a protest asking Senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida.
Carlos Ponce joins other demonstrators participating in a protest asking Senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida.
Joe Raedle | Getty Images
Workers in a handful of states may soon see a $300-a-week bump in their unemployment benefits.

The federal government has approved funding for seven states — Arizona, Colorado, Iowa, Louisiana, Missouri, New Mexico and Utah — to offer the $300 supplement to jobless benefits, according to the Federal Emergency Management Agency, which is overseeing the assistance.


The aid, part of an executive measure recently signed by President Donald Trump, comes after a $600-a-week federal subsidy enacted by Congress early in the coronavirus recession ended. It had been in place for about four months, from early April to the end of July.

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Many other states haven’t yet committed to offering the $300 federal subsidy. Officials have cited cost, legal and administrative concerns.

South Dakota isn’t applying for the assistance, according to Gov. Kristi Noem.

It’s unclear what, if any, additional states have applied for the assistance but have yet to receive approval.


A FEMA spokesperson declined to comment. The agency will continue to update its website as additional states are approved, she said.

Chart showing continuing claims for unemployment benefits including Pandemic Unemployment Assistance with data through August 1, 2020.
Timing unclear

States approved for the “lost wages assistance” could potentially start paying out the $300 federal subsidy as soon as this week.

The funding will be available within one business day once the federal grant is approved and signed by states, according to a recent memo FEMA issued about the program. The seven states had received approval over the weekend, according to FEMA.

Exact timing is unclear, though. States still must figure out how to administer the funds and adjust their systems accordingly.

At least one state estimated it will pay out the aid, which is retroactive to Aug. 1, in less than one week from its grant award, according to the memo from the agency. The memo didn’t name the state in question.

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The agency estimates states will be able to pay out the assistance by Aug. 29, on average.

But it will likely take much longer, perhaps at least well into September, according to unemployment experts.

For one, the aid isn’t technically unemployment insurance. That means officials must build out an entirely new system that interacts with the current unemployment framework.

Plus, there are restrictions that may prove complex relative to administration. People getting less than $100 a week in unemployment benefits aren’t eligible for the $300 federal subsidy, for example. That could omit around 1 million people or more, by some estimates.

The supplement comes on top of the weekly assistance states pay.

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States paid $308 a week, on average, in June, according to the Labor Department. Some, like Louisiana and Mississippi, paid less than $200.

States approved for funding are only guaranteed to get three weeks’ worth of federal assistance, according to the FEMA memo. Early adopters may get more than other states, experts said.

Any forthcoming congressional agreement on a federal unemployment supplement would supersede the lost wages assistance.

Congress has yet to reconcile disagreements over the lapsed $600-a-week in aid, however. House Democrats passed a bill in May to extend the $600 subsidy. Senate Republicans countered at the end of July with a $200-a-week plan.

Trump’s directive was originally billed as a $400-a-week boost in benefits, splitting the difference between Democrat and Republican proposals. But it will amount to just $300 a week in many cases. The measure lets states kick in an additional $100 a week if they choose, but many are unlikely to do so due to already-strapped budgets.

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Trump campaign sues New Jersey after its decision to mail ballots in November election
PUBLISHED WED, AUG 19 20201:25 AM EDTUPDATED 4 HOURS AGO
Reuters
The reelection campaign of U.S. President Donald Trump has sued New Jersey, following a decision on Friday by its Democratic governor to mail a ballot to every voter in the state for November’s elections, as well as hold in-person voting amid the coronavirus pandemic.
Governor Phil Murphy’s announcement came as Trump, a Republican, stepped up his attacks on voting by mail, which is expected to increase dramatically this fall because of the novel coronavirus.
The filing was made as a “complaint for declaratory and injunctive relief” and described the step taken by the Democratic governor as “illegal”.
Phil Murphy, governor of New Jersey, speaks during a fiscal year 2020 budget address at the New Jersey State Assembly chamber in Trenton, New Jersey, U.S., on March 5, 2019.
Phil Murphy, governor of New Jersey, speaks during a fiscal year 2020 budget address at the New Jersey State Assembly chamber in Trenton, New Jersey, U.S., on March 5, 2019.
Ron Antonelli | Bloomberg | Getty Images
The reelection campaign of U.S. President Donald Trump has sued New Jersey, following a decision on Friday by its Democratic governor to mail a ballot to every voter in the state for November’s elections, as well as hold in-person voting amid the coronavirus pandemic.

Governor Phil Murphy’s announcement came as Trump, a Republican, stepped up his attacks on voting by mail, which is expected to increase dramatically this fall because of the novel coronavirus.


The Trump campaign filed a lawsuit in the U.S. District Court for New Jersey late on Tuesday to invalidate “Executive Order 177”.

The filing was made as a “complaint for declaratory and injunctive relief” and described the step taken by the Democratic governor as “illegal”.

It made two charges — first, that Murphy exercised power that belonged to the state legislature in changing the state’s election law, and second, that the changes “will violate eligible citizens’ right to vote”.

Trump has said the voting method is susceptible to large-scale fraud, though experts say voter fraud of any kind is extremely rare in the United States.

New Jersey will use methods similar to what it employed for its primary vote in July, Murphy said last week, with improvements based on lessons learned then. “We’re going to have more presence of secure drop boxes, make sure there is that physical in-voting capacity,” he had said, referring to in-person voting.


Residents who opt to go to their local polling places on Nov. 3 will do so in “provisional voting,” meaning they must use paper ballots, not voting machines, so that officials can guard against duplicate voting, Murphy said.

Election officials in most states have encouraged at-home voting as the highly contagious nature of the coronavirus has made voting in person a concern.

Trump’s reelection campaign and the national Republican Party this month also sued Nevada to block a law that will send a mail-in ballot to every voter before November’s election, saying it will result in “inevitable” voter fraud.

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11210.84 81.12 0.73
Japan: Nikkei 225 23110.61 59.53 0.26
UK: FTSE 100 6079.56 2.94 0.05
Crude Oil Futures 42.47 -0.42 -0.98
Gold Futures 1995.00 -18.10 -0.90
Yen 105.28 -0.13 -0.13
Euro 1.1937 0.0006 0.

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7.79 0.23
China: Shanghai Composite 3408.13 -42.96 -1.24
Japan: Nikkei 225 23110.61 59.53 0.26
UK: FTSE 100 6079.86 3.24

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LAST CHG %CHG
Crude Oil Futures 42.47 -0.42 -0.98
Brent Crude Futures 44.99 -0.47 -1.03
Gold Futures 1995.60 -17.50 -0.87
Silver Futures 27.540 -0.535 -1.91
DJIA Futures 27757 40 0.14
S&P 500 Futures 3391.50 4.60 0.1

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LAST CHG %CHG
Euro (EUR/USD) 1.1937 0.0006 0.05
Japanese Yen (USD/JPY) 105.26 -0.15 -0.14
U.K. Pound (GBP/USD) 1.3218 -0.0019 -0.14
Swiss Franc (USD/CHF) 0.9034 -0.0003 -0.03
Chinese Yuan (USD/CNY) 6.9078 -0.0140 -0.20
U.S. Dollar Index 92.27 0.00 0.0

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Copper August 19,06:39
Bid/Ask 2.9794 - 2.9799
Change +0.0073 +0.25%
Low/High 2.9262 - 3.0134
Charts

Nickel August 19,06:37
Bid/Ask 6.6262 - 6.6285
Change +0.0204 +0.31%
Low/High 6.5523 - 6.6398
Charts

Aluminum August 19,06:38
Bid/Ask 0.7896 - 0.7898
Change -0.0006 -0.08%
Low/High 0.7852 - 0.7956
Charts

Zinc August 19,06:39
Bid/Ask 1.1125 - 1.1127
Change +0.0027 +0.25%
Low/High 1.1012 - 1.1168
Charts

Lead August 19,06:37
Bid/Ask 0.8900 - 0.9014
Change -0.0071 -0.79%
Low/High 0.8900 - 0.9044
Charts

Uranium Aug 10, 2020
Ux U308 price: 32.00
Change from
previous week

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Target reports a monster quarter — profits jump 80%, same-store sales set record
PUBLISHED WED, AUG 19 20205:56 AM EDTUPDATED 6 MIN AGO
Melissa Repko
@MELISSA_REPKO
Target’s sales online and at stores open for at least a year climbed by 24.3% during the quarter ended Aug. 1 — an all-time high for the retailer.
E-commerce services saw dramatic growth, with Target’s curbside pickup service jumping by more than 700%.
CEO Brian Cornell said the retailer attracted 10 million new digital customers and picked up $5 billion in market share in the first half of the year.
Back-to-school supplies are displayed at a Target store on August 03, 2020 in San Rafael, California.
Back-to-school supplies are displayed at a Target store on August 03, 2020 in San Rafael, California.
Justin Sullivan | Getty Images
Target on Wednesday blew past every forecast on Wall Street for its fiscal second quarter as it attracted millions of new customers online, setting a record for same-store sales that drove profits up by an eye-popping 80.3% to $1.7 billion.

Sales online and at stores open for at least a year climbed by 24.3% during the quarter ended Aug. 1— an all-time high for the retailer. Same-store sales climbed by 10.9% while the company’s digital sales nearly tripled from a year earlier.


Shares jumped by about 6% in premarket trading.

Here’s how the company did in the second quarter versus what analysts forecast, based on average estimates compiled by Refinitiv:

Adjusted EPS: $3.38, vs. $1.62 expected
Revenue: $23 billion, vs. $20.09 billion expected
Same-store sales growth: 24.3%, vs. 7.6% expected, according to a StreetAccount survey
CEO Brian Cornell said on a call with reporters that the retailer’s mix of merchandise and online options resonated with customers who sought out safe and convenient ways to shop in the midst of the pandemic. The company benefited from its designation as an essential retailer during U.S. lockdowns that forced some competitors to close.

“Throughout the year and over the last few years, we’ve built tremendous trust with the guest,” he said on the call. He said that relationship with customers has “been one of the big drivers behind our success.”

During the second quarter, Target’s shopping traffic picked up, customers filled up their baskets with more items, and even beauty and apparel sales were strong. Sales were also up across all five of Target’s merchandise categories. The retailer reported its strongest sales in electronics, which was up by more than 70% overa year earlier as customers bought home office items and video . Home and beauty grew respectively by more than 30% and 20%. Two categories — food and beverage and essentials — were up by about 20%.


Apparel, which dropped by about 20% during the fiscal first quarter, grew by double digits in the second quarter from a year earlier.

Chart showing Target same-store sales growth at 24.3% for Q2 2020.
The company’s online offerings were especially popular. For example, sales through Target’s curbside pickup service shot up by more than 700% in the second quarter from a year earlier. Target sales fulfilled by its online delivery service Shipt grew more than 350% year over year.

Cornell said the company attracted 10 million new digital customers in the first half of 2020. He said it also picked up $5 billion in market share in the period, while many 44 retailers including J.C. Penney to Sur La Table filed for bankruptcy and others, such as Macy’s and Sephora, laid-off workers.

The retailer’s second-quarter net income soared by more than 80.3% to $1.7 billion, or $3.35 per share, $938 million, or $1.82 per share, a year earlier.

After excluding items, Target earned $3.38 per share, more than double the $1.63 expected by analysts surveyed by Refinitiv.

The company’s total revenue rose 24.7% to $23 billion from $18.42 billion a year prior, beating analysts’ expectations of $20.09 billion.

Target’s private label grocery brand, Good & Gather, hit $1 billion in sales after launching in September. It joined other in-house brands, such as children’s apparel brand, Cat & Jack, in reaching that mark.

Cornell did not provide a financial outlook for the rest of the year, saying it’s hard to predict shopping patterns in light of the pandemic. For example, he said, families have delayed back-to-school shopping as many still wait to hear if their children will return to the classroom or attend school from home.

Still, he said, it’s been able to keep up the momentum in early August with same-store sales, including digital sales, in the low double digits.

He said the retailer is bracing for uncertainty, too, as it prepares for the holidays and school districts change plans depending on the spread of Covid-19.

Cornell said he just saw numbers estimating that 66% of U.S. students are starting out the school year remotely.

“Sitting here today, I don’t know if 30 days from now that number is going to be 6% or 96%,” he said. “So we’ve got to be flexible, we’ve got to be adaptable.”

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Stocks open flat after the S&P 500 notches new record, Target leads retail shares higher
PUBLISHED TUE, AUG 18 20206:02 PM EDTUPDATED 1 MIN AGO
Fred Imbert
@FOIMBERT
Maggie Fitzgerald
@MKMFITZGERALD
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Stocks opened along the flatline on Wednesday, a day after the S&P 500 hit its highest level ever and wiped out all the losses from the coronavirus sell-off.

Here’s what traders were watching Wednesday morning:

Target shares jumped 5% after the retailer reported soaring profit and sales last quarter. Digital sales increased by 197% from a year ago.
Lowe’s shares gained 1% after the home improvement retailer reported a 30% surge in second-quarter revenue.
Coronavirus cases in the U.S. are trending lower, but officials are cautious as students begin returning to school and college campuses. Some colleges have been forced to change to all online learning because of outbreaks.
Treasury Secretary Steven Mnuchin criticized Democratic leaders as unwilling to discuss a smaller relief package on Tuesday; however, Politico reported House Speaker Nancy Pelosi said she is was willing to cut some demands to get an agreement on the bill.


On Tuesday, the S&P 500 rose to its highest level ever, gaining back all of the index’s coronavirus-related losses. The 500-stock average rose 0.2% to a record close of 3,389.78.

It also traded above its Feb. 19 intraday record of 3,393.52 earlier in the trading day. The S&P has rallied more than 54% from its March low, bringing an end to the shortest bear market in U.S. history.

The Nasdaq Composite also notched a record on Tuesday, while the Dow Jones Industrial Average struggled.

“Reaching a new all-time high may be a quickly forgotten speed bump in an ongoing new bull market, but if not substantially passed in the coming weeks, it could also prove to be a nagging glass ceiling that will continue to perpetuate fears this really is just a big bear market rally,” Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC. “Bulls need to ask whether the stock market may finally be getting ahead of its fundamentals while bears are forced to ask whether they are too underweighted in what could be just the beginning of a new bull market.”

Closely watched chip stock Nvidia reports quarterly results after the market close on Wednesday.


Investors are still eyeing a second coronavirus stimulus bill from Washington. The Federal Open Market Committee will publish its meeting minutes from its July meeting on Wednesday at 2 p.m. ET.


Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from a

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LAST CHG %CHG
DJIA 27799.14 21.07 0.08
S&P 500 3390.72 0.94 0.03
Nasdaq Composite 11213.01 2.16 0.02
Japan: Nikkei 225 23110.61 59.53 0.26
UK: FTSE 100 6091.95 15.33 0.25
Crude Oil Futures 42.55 -0.34 -0.79
Gold Futures 1998.10 -15.00 -0.75
Yen 105.43 0.02 0.02
Euro 1.1942 0

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Copper August 19,09:39
Bid/Ask 3.0178 - 3.0183
Change +0.0457 +1.54%
Low/High 2.9262 - 3.0204
Charts

Nickel August 19,09:39
Bid/Ask 6.6618 - 6.6663
Change +0.0559 +0.85%
Low/High 6.5523 - 6.6908
Charts

Aluminum August 19,09:39
Bid/Ask 0.7954 - 0.7956
Change +0.0052 +0.66%
Low/High 0.7852 - 0.7958
Charts

Zinc August 19,09:39
Bid/Ask 1.1218 - 1.1220
Change +0.0120 +1.08%
Low/High 1.1012 - 1.1226
Charts

Lead August 19,09:39
Bid/Ask 0.9049 - 0.9056
Change +0.0078 +0.87%
Low/High 0.8900 - 0.9079
Charts

Uranium Aug 17, 2020
Ux U308 price: 30.80
Change from
previous wee