Shaky ground later on were going to go ahead and analyze the state of Global Markets after a hectic week plus the pandemic has delayed several high profile movies this summer but the 1st big blockbuster of the season is getting a late release for a Holiday Weekend we have an analyst on hand to discuss the state of the Film Industry packed show today so lets dive right in. And another day another escalation between the u. S. And china on the trade front now the latest the white house is asking for all federal agencies to detail china related funding this includes any and all federal funding that aids or supports china or that directly or indirectly counters chinas unfair competition and malign activities and influence globally now this comes from a document titled strategic competition with china crosscut but that document does not indicate how the information is going to be used it only currently says that it will inform policymakers on the many different ways the u. S. Spending involv
They have a plan to remake america, im going to go in depth with the fascinating story of one familys efforts to escape socialism. Its a cautionary tale for your family. All that and so much more on making money. Charles one hour to go before the closing bell. It looks like it is a story thats interesting because before the open, it looked like it was going to be a down day for the market, right . The tenyear yield was breaking down bigtime. Anxieties about a slowing economy of course were being talked up. The coronavirus cases continue to mount up. Drug Company Gilead reported more success with its covid19 treatment remdesivir that immediately turned things around. Potential vaccines. Even with cases rising each day, elected officials making judgments, i think the factor has not factored in the notion that the states will ever go back to fully locking down. It looks like the market sees two choices, treatment or vaccine or over time herd immunity. Thats keeping a floor under this mark
A reaction that could further destabilize the global economy. And huawei vows to continue its campaign against u. S. Restrictions on tech. We will be hearing from the security chief a little bit later on this hour. Shery lets get you started with a quick check and how the markets are trading. U. S. Futures are down a 10th of 1 . We saw a fade in u. S. Stocks, giving up their gains after President Trump announced the executive order targeting social Media Companies. This coming at a time when u. S. China trade tensions continue to rise. We are seeing tensions over hong kong. The s p 500 fell for the first time in four days, and recent out performers, like bank and energy stocks, fell 4. 6 . Twitter falling almost 5 . We did get encouraging news with betterthanexpected economic data. Continuing jobless claims and capital goods orders providing some support. It is looking like we are shaping up to be a mixed start to trading here in asia. We are seeing for japanese futures, a little chang
Patchwork of rules many find confusing. Reporter confusing and frustrating. Certainly californias 58 counties are not all the same. But its getting complicated figuring out what you can do, where. We really dont know when its going to happen. Reporter beginning friday in Sonoma County, residents can once again get the car washed and dog groomed. But not their own hair. We have clients who are constantly calling, do you have any idea when we are going to get our hair cut . Reporter salons like dining food, malls, gems and winetasting are still held back by state standards on covid cases, deaths, testing and hospital space. We should be able to open. I mean we are not the same as some of the large counties with lots and lots of cases. We are completely different animal in Southern California. Its hard for people because its so fluid and everything something new comes out. Reporter county leaders have the frustration in Sonoma County is among more than 30 counties asking for a state waive
Here as well. Looking at continental europe, spain and france are two countries the hardest hit by the coronavirus along with italy. They are set to ease lockdowns. We have Pedro Sanchez expecting to announce the loosening of measures after the weekly Cabinet Meeting which takes place later today. Later today also, france will be presenting the governments blueprint to the National Assembly on tuesday afternoon, and that should outline how they plan to ease peoples confinement as well. Is the original epicenter of the outbreak on the continent that will soon allow people to leave their homes for the first time in weeks, and that should mean they will be joining other countries including the likes of germany and austria in relaxing of shops to array open up including tattoo studios. In the u. K. , Boris Johnson saying the British Public should keep on obeying lockdown rules to avoid a disasters second wave of this outbreak here as well, coming as the number of recorded deaths from coron