Provide administrator to provide information about security protocols with chinese behemoth tencent. Meanwhile, bytedance and oracle have tentatively agreed to a deal has to be approved by the Chinese Government, and there is significant confusion about timelines. Lets check in without markets ended the day with senior markets correspondent scarlet fu , leading declines but outperforming all year. What has been happening . Scarlet there was a lot going on and to some extent, you can blame the federal reserve, j powell saying rate will stay at current levels, lower for longer, but investors were expecting a dovish surprise and were left hanging. When you look at equities, most of the damages from the large cap, big tech names, but it was a broad decline, eight out of 11 sectors in 20 active 24 sectors finishing lower. Outperformance today were value encyclical stocks. If you look at the past two weeks, it has been a clear theme. The two bestperforming groups were materials and industria
Big tech is seen as a haven and growth play because they continue see demand for their products and services and have sheet to write out this disruption. Havens are in favor. You can see 68 basis points. The dollar edges higher for the fourth day in five. Indexes are coming off their lows. There is still a lot of trading day to go, but by the dip but buy the dip seems to be in effect. David another narrative we have been seeing is a divergence between mason street and wall street between main street and wall street. When will we see something that might help main street . Scarlet that will be critical this week, especially with jay powell speaking to congress. That will be a big issue, especially since you see data like interim manufacturing come in better than expected. We also get retail sales as well as Industrial Production on tuesday. Housing starts on wednesday. Housing has been doing very well in this economy as Mortgage Rates have come down and a lot of people are looking to re
Biden, and senator Amy Klobuchar all of them suggesting they have no intention of getting out of this race prior to super tuesday. Finally, on the issue of super tuesday, especially when it relates to delegates, the Sanders Campaign is already laying the groundwork that even if they are not able to clinch the precise number of delegates that are needed for them to formally have the nomination, should he be able to get more delegates than the other candidates, it is going to be very difficult to stop him. David the founder and majority owner of our Parent Company bloomberg is in the center and the spotlight last night. Take us into what happens next. South carolina is when . Is there another debate and then when his super tuesday . What we have to look forward to . Kevin in terms of the next 10 days, saturdays nevada caucus. Tuesday is the South Carolina democratic president ial debate. Next saturday will be the South Carolina primary. Hasmber, the Biden Campaign suggested that South Ca
There have been 10 serious patients on that cruise ship. For now, lets get a check from the markets and see whats happening across asia. Heres our cross as it reporter. To, thes you did allude mood is optimistic, China Mainland and hong kong. The who said overnight despite we saw yesterday was not necessarily reflective of a larger surge in cases. Yes, we did today get 5000 new cases reported, but much less than the 15,000 yesterday. You can see the csi 300 climbing. S p futures have turned higher after closing lower in the United States. And the nikkei is falling down 6 10 of 1 . And really weighing on though he nikkei is nissan. Its a smaller weight, but its the worst performing stock, having the worst space, falling the lowest level since 2009. This came after an Earnings Report that cut its profit forecast for the second time and slashed its dividends. Back to you guys. Haidi we are getting some of the updates from japan. The Health Minister speaking to reporters, saying they are s
He has condemned the attack and called on the iraqis to work with them to stand up against iran. Yesterday i was able to speak with the u. S. Special envoy to iran. What he said is there are likely going to be additional sanctions against iran as part of the administrations economic pressure campaign. David there is no question iran is closely affiliated with his militia group. There is no question some reaction was required, but the reaction we are getting is not from iran, it is from iraq. Do we know whether we brought our iraqi allies into the fact that we were firing these missiles . Kevin it appears to be unknown at this point. Obviously there are forces in iraq that stand with the u. S. Military. Beyond that, and increasing forcesof iranian backed in iraq has added complexity to the situation that is ongoing. Of what President Trump has cautioned against, irans expansionary policy, especially as they try to get negotiated tops restarted with iran in the coming new years. Video is