Dow down 64, weve got the s p giving up all of its earlier gains, now lower by 3 points. Nasdaqs clinging to a a 5point gain where it had been up 129 points. Kind of losing some steam. Weve seen in the final hour where things can start getting juiced up once again. Lets look right now at what ises propelling the nasdaq. Its actually china stocks. They are grabbing the top spots on the composite led by netease. Look at that gain, up 5. 25 . The the lift comes on a report by bloomberg that beijing is considering relaxing rules that cap Foreign Investment in public companies. So maybe theyre starting to look like theyre going to be a little bit more propluck publiclytraded companies and not so restrictive. Coming up, famed International Investor mark mobius is going to join us live. He has warned viewers to dodge chinese stocks. Will todays news change his mind . Were going to ask him. Hes coming up at 3 30 p. M. Eastern time. No ree laxing or easing at the Federal Reserve at this hour af
Market, you will see it looks like the 10year treasury is sitting just at about 4. 29 . The 2year treasury is below 5 at 4. 99. Last week, the transports did see the worst week since march. If you worry about things like that, the downturn, the russell 2000 broken. The dollar is now looking at its longest winning streak in terms of weeks. Weekly winning streaks since 2015. A lot of things to watch this week. We are watching shares of alibaba, talking about kicking things off, after the company said in the surprise move its Ceo Daniel Zhang planned to step down this month. Stepping down as chairman and ceo of the Cloud Business in june. Alibaba said he was going to be departing as the ceo of Alibaba Group to focus on the cloud unit which the company is spinning off as a separate company. Now the cofounder eddie wu was set to take over from zhang this month. He is now going to be taking over the cloud iunit. Joe tsai will take over alibaba. This raises questions of the spinoff and how un
summit in san francisco. it s their first face to face talks in more than a year, they are expected to discuss the ongoing trade row between the two countries, as well as washington s measures to restrict beijing s access to advanced computer chips. the meeting comes as china s once roaring economy struggles to recover from the the impact of the pandemic. earlier, i spoke to the executive director of the asian trade centre in singapore, deborah elms. she told me this conversation is an important first step. well, i think the most important part is that they ve had a meeting. i mean, that sounds pretty modest, but after a lot of disruption through the trump years and then through the pandemic and through the post pandemic period, just having a conversation between the two leaders is critical to helping stabilise this rocky relationship. we talk a lot about the conflicts and economic differences. but how has this impacted customers and businesses? has there been much of an impa
economic cooperation summit in san francisco. in their first face to face talks in more than a year, they are expected to discuss the ongoing trade row between the two countries, as well as washington s measures to restrict beijing s acess to advanced computer chips. the meeting comes as china s once roaring economy struggles to recover from the the impact of the pandemic. earlier i spoke to the executive director of the asian trade centre in singapore, deborah elms. she told me this conversation is an important first step. well, i think the most important part is that they ve had a meeting. i mean, that sounds pretty modest, but after a lot of disruption that through the trump years and through the trump years and through the trump years and through the pandemic and through the pandemic and through the pandemic and through the post pandemic period, just having a conversation between the two leaders is critical to helping stabilise this rocky relationship.- stabilise this ro
talks in more than a year, they are expected to discuss the ongoing trade row between the two countries, as well as washington s measures to restrict beijing s access to advanced computer chips. the meeting comes as china s once roaring economy struggles to recover from the impact of the pandemic. earlier, i spoke to the executive director of the asian trade centre in singapore, deborah elms. she told me this conversation is an important first step. well, i think the most important part is that they ve had a meeting. i mean, that sounds pretty modest, but after a lot of disruption through the trump years and then through the pandemic and then through the post pandemic period, just having a conversation between the two leaders is critical to helping stabilise this rocky relationship. we talk a lot about the conflicts and economic differences, but how has this impacted customers and businesses? has there been much of an impact? well, certainly, if you re a us consumer, there s