As White House Senior Adviser Jared Kushner defends President Trumps handling of the covid crisis some people have chosen to play politics with the pandemic President Trump opted not to politicize it and help people get whatever health they need. Jp morgan and Goldman Sachs dumping almost 13 billion worth of shares across sectors in total. So lets just talk a little bit about the headlines. Theres a key focus on renewed lock down risk in many European Countries and the fact that germany has stepped forward and said that its going to quarantine those arriving back from spain has added another level of complexity but when you look at the market, theres no evidence that that is holding back Risk Appetite this hour we see the ftse and the cac 40 all in positive territories. The impact of potential travel restrictions is royaling the Airline Stocks and those other stocks that are effected by limited travel opportunities you have other sectors also a little bit weaker. Having said that, look
Created by americas Cable Television company as a Public Service and brought to you by your cable provider. Secretary of state mike pompeo was on capitol hill to test of by on the state departments 2021 budget request. Asked about china, u. S. Troop withdrawal from germany, the firing of the state departments Inspector General, and is it an trumps recent tweet on possibly delaying the 2020 election. This Foreign Relations hearing is almost three hours. The efforts of china and russia to so discard and read have a can undo the reand open International Order have reached new heights. They have stepped up this and manipulated international institutions, suppress the voices of freedom, propped up dictators, and invaded their neighbors. They deny millions of people access to humanitarian systems. We have a long road ahead of us in this era of competition. We need sustained political will read these challenges require nothing less. On top of all of this, we are confronted by a new challenge,
And a lot of those stocks on fire. For some folks, that is all you need to move this market. Caroline it really does blow your mind. Taylor i will leave you here with three comments, not to cut you off, caroline. Jeffrey gold main and end cam partners are three analysts raising their prices on amazon. Almost a 2 trillion company can rise more than 5 on the day. Jeffreys, 3800 price target from goldman. Looking at 3350. Talking about the structural shift underway from these companies that are not just benefiting from a work from home environment, that is a permanent change that they see not going away. Caroline i take you or three, i raise you three. Im looking at morgan stanley, rbc, and socgen worrying about the complacency in the market. Looking toward the election we have in the u. S. , the risks as we get into august, september, and the turn we see in the market. Lets get the take from chief Investment Officer who is still with us. Is there complacency in this market . Brent maybe
Germany, the may firing of the state departments Inspector General, and President Trumps recent tweet on possibly delaying the 2020 election. Hearingeign relations is almost three hours. Good morning, everyone. Today we have with us secretary of state mike pompeo to discuss the state departments fiscal year 2021 budget request. Any judge,history is secretary pompeo will face a wide variety of questions that extend beyond the departments budget, which i know you can handle. The u. S. And our allies and partners continue to face serious foreign challenges that will test us for decades to come. Chineseder the communist party is our chief competitor and russia is a key adversary. The efforts of these nations to sow discord, wreak havoc, and undo the free and open International Order upon which shared prosperity and security are built have reached new heights. They have stepped up disinformation and manipulated international institutions, suppressed voices of freedom and democracy, propped
The tech giants in the us are dominating the business agenda today. Jeff bezos is stepping down as amazons Chief Executive. The Online Retail giants founder will move to become the compa ny s executive chairman. He will be replaced as ceo by andy jassy, the current boss of amazons Cloud Computing business. And this comes as the firm reported 386 billion in sales in 2020, thats up 38 on the year before. Their profits almost doubled, rising to 21. 3 billion. So whats been the reaction to the news bezos is stepping to the side, and what do we know about the new boss . Duncan howe is e commerce strategist at cheil uk, which is a Digital Marketing and advertising agency. Duncan, welcome to the programme. Executive chair man still means he will have a lot of control and very much involved in and is on, but it is the day to day responsibility. What do you think about this move . I responsibility. What do you think about this move . I think it is a bit of think about this move . I think it is