Politics at home and abroad for years to come. The ipo has taken a dramatic turn with jack ma and other executives summoned by regulators. The company ahead of scrutiny. Shery breaking news out of south korea. We are getting the october Consumer Price numbers. Month for month, we are seeing a contraction of 0. 6 , really missing expectations of analysts. Not to mention it is a slow down and Inflation Numbers from the previous month. Not surprising given we had a pickup because of the weather related issues. We had monsoon season. And lowerlf Pressure Energy prices. Growth of prices is only. 1 which is a deceleration from the previous year. Not to mention it is under analysts expectations. Only in october we saw bright about 30 lower on average compared to a year ago so we are getting pressure on both numbers. For now, lets turn to the market. We are seeing u. S. Futures slightly higher online. Lets turn to sophie in hong kong. S p adding about 1 10 of 1 at the start of the session in a
Are loving and have pure souls them together the crowd became one kind of fear of goodness catapult the bitcoin on a vector thats escaping this place called planet earth and its attracting. An intelligence and a Spiritual Force so powerful that not even this president ial election and america is going to throw off last of course its right so the bullish on him out of the bed because hes comparing the Bitcoin Space to the gold space and to the bond investor space to people shorting u. S. Treasuries or shorting the dollar people betting against the u. S. Economy by going long gold and hes basically im going to read you 2 quotes in tweets from him of people summarizing his appearance on c m b c in which he was even though hes a big old holder hes saying like thats a bet on dystopian future and that humanity is horrible and bitcoin is a bet that humans are are innovative and interesting and you know filled with life and possibility so p t j who is Paul Tudor Jones said something incredible
Earth twitter and facebook pages do share your thoughts there with us on the days developments would be good to see what youre thinking are there i mean only a goodbye for. Max kaiser this is the kaiser reporting now we dealing with a Global Pandemic the viral type infecting people causing chaos and mayhem but thats small change compared to the mind virus of bit coy you know if youre really smart person it makes you even smarter thats the thing about this fire of stacy max indeed kaiser report has been officially declared full of smart sophisticated people audience and presenters and bullish on humanity thats the important thing to note bullish on humanity that is what Paul Tudor Jones calls the bit coin crowd and were going to get into exactly what he said here and this is a quote from his appearance on c m b c bitcoin has an enormous contingent of really really smart sophisticated people who believe in it youve got this group crowd sourced from all over the world that is dedicated to
Record. A decade on commodities are seen as australias savior. Rising demand and expansion plans may ease the recession. Shery lets get you started with a quick check of how market are trading. U. S. Futures up 0. 25 after a brutal session in new york. Stocks tumbling the most in three months. Every company on the dow was down today, all 30 companies down. Almost nothing was spared. The s p 500 seeing the biggest decline since march 16. At one point nearing that 7 threshold that would trigger a pause. We saw the big gainers in recent weeks like airlines, travel Companies Taking the brunt of the selling. We had concerns over a second wave of infections across the u. S. , also a lack of further easing plans from the fed potentially dampening the recent rally. The nasdaq was down or than 5 . We saw the dollar treasury surging the most since april. Lets see how things are shaping up for asian markets. Sophie kiwi stocks up more than 3 . Asian benchmarks have been slashing. A pullback looki
Glut remain. Uber shares rise as it says it is emerging from the virus lockdown. Are getting breaking news crossing the bloomberg when it comes to the new zealand budget. The budget deficit of new zealand at 2. 6 9 billion kiwi dollars 2. 69 billion kiwi dollars. The march balanced budget is just about 4 billion less than forecast. Annette net crown debt has risen dated march 31. That headline number a shortfall of 2. 69 billion kiwi dollars. We know the new zealand economy is better prepared than most in terms of dealing with these extraordinary Monetary Policy decisions, and the fact that the country went into a very strict an early monthlong lockdown, and it has only just emerged from that. We heard from vr begins at talking about how estimates of gdp for the period from the rbnz for the period. 2. 7 billion kiwi dollars, shery. Shery we are seeing u. S. Futures Holding Steady as stocks rose. We have more positive sentiment that u. S. And chinese trade negotiators could be speaking