Territory. The week has had news of ashares cell a share sell. China puts money on chips to counter rising pressure from washington. It has the same level of backing as the Atomic Program enjoyed years ago. Sophie lets get a check on the set up in asia. Some much awaited pullback on wall street. Asian stocks look set to fall. 1930still Holding Around levels and the yen above 106. But when it comes to stocks in china and hong kong, a drop is productive at least 1 . Softbank is said to be considering a bid for tiktok. In the Semi Conductor space, news that china is planning to support the domestic industry, which launched a billiondollar route in u. S. Chip stocks. Also in south korea, watching for any details of a potential in thecash handout budget that could be announced this weekend. A snapshot of the u. S. Close, the s p fell the most since march, and it was the biggest sincefor the s p june, the biggest drop for the nasdaq since march, with apples market cap falling below 2 trillio
The hearing was set before the bank agreed to pay 4 billion. The race for tiktoks assets aress the globe sees we told its been talking to geo platforms. We do have some breaking news crossing the bloomberg. Current account numbers coming through. We are getting the july current account surplus coming in at 7. 5 billion u. S. Dollars. The trade surplus sitting at 6. 9 7 billion in july and we are watching out for some other developments coming out south korea today. Highlevel officials of the Ruling Democratic Party and the government will be meeting to discuss a second cash handout and potentially a fourth extra budget according to local mode media reports and we are expecting perhaps an announcement when it comes to the social distancing measures as well as the coronavirus update to come. Lets take a look at the fed when it comes to the markets. It was a fallback overnight when it comes to u. S. Stocks and driven by a correction in the highflying tech sector. We saw u. S. Stocks falli
Supremacists and counterprotesters turn deadly. A driver used his car as a weapon driving into a crowd of antihate demonstrators that driver, james field faced a judge today. Nbc News National correspondent jay gray reports from charlottesville. Reporter the suspect in this case, james alex field jr. Has faced a judge. His arraignment here this morning. The first step in what would truly be an intense Legal Process here. This just a legal formality as he addressed the charges including Second Degree murder are now publicly by that judge. This is the city that is fractured still mourning right now. Weve seen vigils through the weekend and growing memorials to the victims and 19 injuries and of course, Heather Heyer the 32yearold killed when a car slammed into the crowd of counterprotesters here. Weve also heard from her mother for the first time. Im very sad, im very, very sad, but i cant be angry because angry will make me hate and hate only leads to more hate. Reporter as so many in t
Crossing apartment complex off southern avenue in suitland. Reporter take a look behind me at all the evidence markers. It gives you some idea of the amount of violence that exploded here in this parking lot. Gunfire leads to another broad daylight murder. This kind of thing has a bonechilling effect on people who live nearby. Hear now from ronald flood. What do you make of whats happened out here . Its crazy. Its really crazy. Something is going to have to happen to i dont know what the world is coming to. Reporter meet ronald flood. Hes lived here for 20 years. He was doubly concerned about what happened here this afternoon because his family was coming to visit. He heard the shots one of the bullets. Did you hear the gunshot . Yes. Outside my window. How many shots did you hear . Five shots. Reporter one of them hit your truck. Yes. Thats not even a year old. Reporter the scene, the parking lot of the capital crossings apartment complex. Police say around 2 00 this afternoon a young
When he was asked what the difference was between this meeting and the two meetings that were held before he said that the mayor and the owner actually stayed in bring the crowd for the entire meeting the fans are obviously pleading their cases clearly the overwhelming majority of the fans want them to stay here in oakland but say that the city cannot subsidize a new stadium without outside funding and that the city is running out of options moving the team down south would be devastating to the fan base, and the nfl listened carefully to the stories shared inside the Paramount Theater tonight. Now, what the nfl does with the speeches made tonight, well have to wait and see. Clearly, the overwhelming majority of the fans who showed up want the raiders to stay in oakland. But with mayor libby schaaf stating she doesnt believe the city can subsidize a new stadium here and that this will have to be done with private dollars, it appears the raiders are running out of options. Owner mark da