Doctor Copper Is in the Limelight

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Sept. 4 (Bloomberg) -- On today's "Futures In Focus," Betty Liu looks at copper futures on Bloomberg Television's "In The Loop." (Source: Bloomberg)

That does it for today on "in the loop." tomorrow, the nfl season officially kicks off.

We have an exclusive interview with sally smith.

We will bring you the interview with chicago mayor rahm emanuel, who is working to bring a new urban store, the first of its kind, to chicago.

That is tomorrow at 8:00 a.m. eastern time.

Bloomberg television is "on the markets." julie hyman has more.

Let's talk about stocks.

We see some gains today, not big ones, but still some sedation about what will happen with syria, not getting much direction from the president speaking moments ago.

And looking ahead to the beige book, trying to get any insight possible as to when a tapering of the federal stimulus might happen.

Also, consumer discretionary stocks -- jcpenney higher after stakes were raised in that company.

Dollar general beating estimates.

And ford sales also beating estimates.

H&r block, the financial services and products firm, reporting a first-quarter loss that was wider than estimates.

It is not expected to sell its bank assets before next year.

Cap -- apple got upgraded to buy ahead of the event next week where, remember, is expected to release the next version of its iphone.

Now it is time for futures and focus.

Dr.

copper is known as an economic indicator, since it is primarily used in highly cyclical industries.

Andrew cost growth is in princeton with more with what is going on with the metal.

We have seen a big rallying call, but it has been petering out to some extent.

That's right, julie.

Investors have become concerned about the fed's timing on tapering and in addition to stories you have seen recently about how some of the larger miners are forging ahead with their cap next plan.

That will bring about -- capex plan.

That will bring about questions about whether the market can soak up the excess capacity.

We did get the manufacturing data out of china that was better than estimated and we had many factoring data in the u.s. -- manufacturing data in the u.s. that was better than expected.

Does that improve the picture to any extent?

It does help the sentiment, for -- from a more intermediate- term perspective.

If you look at the bonded warehouse inventories in china, construction is up 10% on an apparent basis.

If you look at the more downstream and dictators like power cable output, autos, appliances, it is expected to pick up as you move into the fourth quarter.

There could be some support as we head into the later months of the year.

If you are looking at copper prices and you are trying to do the catalyst between the effect that a drawing down of the fed 's stimulus will have on copper and the supply and demand richer on the other, which wins out -- supply and demand picture on the other, which wins out?

Indie short to intermediate term, the market may be supported i positive pmi readings, things that are more driven by sentiment, but on a long-term perspective, as you look out to the next year and

This text has been automatically generated. It may not be 100% accurate.

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