Politics at home and abroad for years to come. The ipo has taken a dramatic turn with jack ma and other executives summoned by regulators. The company ahead of scrutiny. Shery breaking news out of south korea. We are getting the october Consumer Price numbers. Month for month, we are seeing a contraction of 0. 6 , really missing expectations of analysts. Not to mention it is a slow down and Inflation Numbers from the previous month. Not surprising given we had a pickup because of the weather related issues. We had monsoon season. And lowerlf Pressure Energy prices. Growth of prices is only. 1 which is a deceleration from the previous year. Not to mention it is under analysts expectations. Only in october we saw bright about 30 lower on average compared to a year ago so we are getting pressure on both numbers. For now, lets turn to the market. We are seeing u. S. Futures slightly higher online. Lets turn to sophie in hong kong. S p adding about 1 10 of 1 at the start of the session in a
Priorities of the new a administration during the ten minute address. My honor to welcome back the department of state our new secretary of state tony bliken, secretary blinking is a familiar face in these halls having served previously first in the bureau of european and Canadian Affairs and deputy secretary of state, he is as we say in the department well and favorably known to the department of state and are career professionals, we are excited to have him as our new secretary of state. This is an unusual event, normally this room would be packed with thousands of cheering state Department Employees i assure you we had to take extraordinary measures to keep them away at this time but do not let that deceive you in any way there is enormous enthusiasm on part of the h carr professionals who have known and worked with secretary lincoln, he is a man of honor and integrity, vision and character and he will lead this department in advance the interest of the American People with great vi
Effect. Is still flat,n and we are watching the korean won, seeing some slight weakness this money. Indonesia is coming on the line at the moment. Chinese stock continues to extend these gains, after the reopening of the holidays. Pointing positive as well. We are spending some Inflation Numbers coming out of india. Where watching the commodities of course. That slide in for the second day. Supply constraints are starting to ease right now. Bolivia and its biggest both owed could be at capacity. And a bit ever treat in iron ore. A bit of a retreat in iron ore. Tom there seems to be potential for the currency to resume gains. Lets discuss now with fred neumann, cohead of Economic Research at hsbc. Let us bring you an update on the nba. The l. A. Acres definitely l. A. Lakers have beat the miami heat. The l. A. Lakers have now won the chairmanship 17 times. This puts them toasted so the caltex. Season one longest record. The nba was effectively frozen out by the controversial tweet back
Basement which i would have done anyway, and which i did. I have to tell you, i feel fantastic. I really feel good. Maria we will get into all of that coming up. First, the stage is set this week for judge Amy Coney Barretts hearing on capitol hill. Shell read her opening remarks later today. Senator Lindsey Graham telling me, laying it all out on the schedule and when he thinks shell become a Supreme Court justice. I believe she will be confirmed no later than tuesday, a week before the election. Thats my hope. Maria markets are fractionally lower this morning, its a mixed story. As you see, the dow industrials down 21, the nasdaq is up 111 and the s p higher by 8 andahalf. Investors preparing for a major week of earnings along with more talks on stimulus. Markets posted a gain of more than 3 last week. Take a look, we are lac lookingt momentum in stocks on the heels of a week that sent the nasdaq up 4 andahalf percent and s p 500 up almost 4 . Peter navarro here this morning, live at
President , he has announced hes free of the virus in immune and up dressed in airport crowd in florida today. This is important, the virus and how to deal with are central issues of the election. The president is taking the lead in opening the economy and returning to work in promoting the successful treatment, that is important stuff. Meanwhile joe biden always wearing a mask except for when hes coughing is bogged down with questions about packing the court in fracking, he will hold to events in ohio, lets see if he answers as important questions. Lefthand side of the screen, Supreme Court hearing for Amy Coney Barrett started an Opening Statement the judge said she learned from her mentor, Justice Antonio scully out. A judge must apply the law as written, not as a judge wishes it were. Vice president ial candidate Kamala Harris will participate virtually for safety reasons. Lets get to the market, the dow industrial is up for 50 on point, the s p up 20 thereabout look at the nasdaq,