Good evening from the clerk Athletic Center at the university of massachusetts and boston. Im jim of the news hour of pbs and i welcome you to the first of three 90 minute debates between the democratic candidate for Vice President , president , are gore and the democratic candidate traditionally bush of texas. The debates are sponsored by the commission on president ial debates and they will be conducted within formats and rules agreed to buy the commission and the campaigns. Tonight well have the candidates at podiums. No answer to a question can exceed two minutes, rebuttals are limited to one minute. As moderator i have the option to follow up and to extend any particular given take it another three and a half minutes. But even then those who go answer can exceed to minutes. The candidates under their rules may not question each other directly. There will be no Opening Statements and each candidate may have up to timmins for closing statement. The questions and the subjects were ch
Welcome to the program. And lets begin with the latest figures on covert the Global Pandemic to a new month. 3. 4000000 there is some hope though 1100000 people have recovered and the good number you can see the fatalities now its over 243000. While the brazilian president is being blamed for not doing enough to stop the outbreak of corona virus as the death toll in the country goes past 6000. Dismissed the virus as being nothing more than a little flu. It in court gave the president 48 hours through release his covered 19 test results something he hasnt done yet hes kind of has that he felt. New cases of corona virus are turning up in brazil each day the numbers are mounting the death rate is estimated to be much higher due to limited testing weve got brazil preparing big graveyards anticipating lots of dictums brazils president has been reluctant to acknowledge the threat of coronavirus now with over 6000 deaths this is his response. So i want im sorry what do you want me to do messy
Welcome. Pessimism on a trade breakthrough as the president said hes not ready to make a deal yet huawei tensions heat up. Treasury yields, the dollar slipped as investors are still seeking out safety and government bonds to close out the week joining us for the hour Margaret Duran is back from bda capital partner. So its been a stomachchurning week how are you feeling about the market now thats right. Particularly down 700 points on monday i have to say i stepped in and bought on tuesday. Were going to see more volatility but in a trading range. I think the tariffs we needed a trigger after the run up in the first half and the tariffs when you look at 10 its not helpful. Well slow down growth in different areas but in terms of our 21 trillion economy, its not that big a hit. What kind of stocks were yo beau i think my usual suspects mastercard, costco, amazon, and orphan stock i got shopify which ill talk about later. Lulu for the first time no. I just added that. Oh, okay. All right.
S p rising. 45 and somehow phony and engineer by the Federal Reserve, which means everything will end in tiers look, we definitely got a boost from the fed but it makes the whole move fake is ridiculous. When a day the s p broke out above 3,000 hitting an alltime high i want to put the fed mandated bubble talk to bed so yes, its true that the averages were looking its true the average were looking down before Jerome Powell gave dovish testimony how the economy is not in great shape. Powell admitted the business is slowing. Hes right although he probably should have mentioned the december rate hike played a role powells speech made it clear the feds are cut rates if the economy keeps deteriorating and hes expecting to continue to deter rate the prospect of a rate cut ignited the market today but you heard the same story from commentators that say its all one big hot air balloon. Practically a hydrogen filled zeppelin thats bound to crash in lake hurst, new jersey, when is a hinder berg
Amazon, the latest in the eu cross hairs, facing a probe over possible anticompetitive Business Practices. Plus, ralph lauren and le le strauss in the red, both downgraded to sell at Goldman Sachs. And a tariff fueled strategy shift. Apple reportedly set to begin trial production of air pods outside of china and into vietnam. Another case of big tech under International Scrutiny amazon facing a formal eu antitrust investigation into its dealings with third party merchants. European competition commissioner margaret says based on the commissions preliminary fact finding, amazon appears to use competitively Sensitive Information about marketplace sellers, products and transactions on the marketplace and response amazon issued a statement saying, quote, we will cooperate fully with the European Commission and continue working hard to support businesses of all size and help them grow. This is the last thing some of these companies i would point out that they just brought an agreement with