The s p is down 1. 9 . The only sector higher are the retailers, but in the s p, that includes netflix and amazon. Crude oil up . 43 right now, 1. 9 . The retailing index, up 1. 6 . Abigail doolittle is with us now for a deeper dive into the afternoon session. Abigail it is certainly a risk off tone with the across asset class check with stocks lower. A look at the major averages, the dow is down 2 , the s p 500 close. Interesting, the nasdaq is down just pointed percent after that big rally you were mentioning last week. The question is, is this healthy consolidation or the beginning of a swing back down to the sears lows this years lows . The russell 2000 also down 3 . That was the best performer last week. Maybe suggesting consolidation, but it is all about earnings, uncertainty about what the virus will do to earnings. Take a look at oil after the opecplus deal output cuts of about 10 . Oil is up 1. 5 . The energy sector, one of the better sectors. Those are the movers to the upsid
About synergies and the road ahead. Chinese Online Retailer alibaba defies the slowdown of missed a trade war with sales surpassing expectations. It was a big week for tech ideas with fleet work and cloudflare filing to go public. Cloudflare has been in the news given its relationship with hm 8chan. Three alleged gunman posted manifestoes on 8chan before three mass shootings. Cloudflare stop providing services after el paso, texas, largely take the platform offline taking the platform offline. So is now the time to go public . Like many other tech ideas, especially in software, it is not profitable. It has a pretty good growth rate , it is really trying to look at competitors. Fastly went public earlier this year and is doing ok. There have been some sources who were asking me why cloudflare took this long to get this point. They had been preparing since the fall of last year for a public offering. Emily cloudflare is a name we of the companies that will go public soon. Tell us exactly
The white house says theres no chance of meeting halfway with china and beijing slams protesters acting like terrorists in hong kong as satellite images seem to show Chinese Forces massed new the border. Talk about wework and its race for an ultimate unicorn ipo. For now, lets get you started with a quick check of how markets closed. We saw the dow lose 800 points, the s p 500 think almost 3 . Sink almost 3 . Every sector almost in the red. We had the nasdaq also losing 3 . It was all of this anxiety over the economy really sending those stocks down. We also had some api data showing that crude stockpiles were rising so that did not help the price of oil. Its about haven demand. The 30year yield also fell yield ands record finished just below that point. U. S. Futures also under pressure, down. 2 , as we continue to see this economic recession fears really gripped the market. Sophie with those recession , the nikkeig large posting a loss of nearly 3 . Haven buying has the yen hovering
A belligerent spain holland . Its only britain, the novice grabbing grain and what are the real mechanisms of play when it comes to the neo liberal global food system . Well, this is the un secretary general in nature. The nation lead is so silent on us ok. Patient of syria is which fields claim the black Sea Green Initiative was crucial to saving the poor of africa and around them. Its always the founder and executive director of the Oakland Institute, which is just reported on i m. F. World Bank Collusion in the coming up of ukraines global food supply system. Shes previously testified before, but the us congress and the u. N. G joins me now from nairobi. Can you thank you so much for coming on. I mean, there wasnt much coverage of the advert. Good russia summit to last week. So perhaps it was easier to understand the nature of nations from big Corporate Media that the black Sea Green Initiative killed by pollutant is going to stop africa. Why is that . That was your policy director,
This is not about they would against all was this is really about the United Nation speakers, which are clearly demonstrating that as off just last week or so, only 3 percent of the food commodities exported from ukraine under this initiative have gone to low income countries. So i dont know if the general disturbing idiotic just been callous and being lazy at best to have perhaps. Now, how do you characterize the ukraines farm land and how the Food Industry works in ukraine . Because the, your recent report seems to suggest over many years, really the i m f and will bank to in the institutions along with profit tearing. Big companies have carved the whole of your bread bucks, basket up, especially after the cool in 2014, when a parent visa lensky was elected in a way to say, live were going to stop privatization. The privatization is, is the process now as well . Thats a very important point that he just made. Most of the world does not realize that under the foreign debt, ukraine has