Million. America saw 60,000 cases in a day for the first time. Hong kong and tokyo also reporting record tallies. Singapore heads to the polls for an election overshadowed by the pandemic. Disposable wear gloves and observe distancing roles at the ballot box. Lets get to Sophie Kamaruddin in hong kong for the latest. Sophie after u. S. Stocks closed in the red, we are setting up for a lackluster start to this friday morning. Futures are mixed. Kiwi stocks added. 4 so far this morning. S p eminis nudging slightly higher with rising virus infections in focus in the u. S. As well as in asia and on the ecoagenda today, we are watching out for japanese pbi ending acree output and the philippine trade plus chinese credit growth data for june could be released from today. Singapore offline for the elections to be held. Asian stocks could pare the weekly advance but still set for the best five day stretch given the chinese stock rally we saw this week. Flipping the board, china futures have se
New york stats state we have full Team Coverage stooefr steve is all over the unprecedented action the package has hit some snags what is the latest the out come is looking like the same one we got last night with democrats not signing onto advance the 1. 6 plus trillion dollar stimulus package. We have a vote right now of 4442. 44 yays. 42 nays. You need 60 votes to pass it its difficult with five in swe selfquarantine. Bernie sanders not voted last night. He was following this from afar and following this in negotiations from there. Senator Chuck Schumer said today this vote is meaningless the package is done. The real work is happening behind closed doors. To that end he said that work is very, very close to producing a deal that inif he canned some optimism into the market but he is making clear hes not authorized democrats to back this move to advance the vote as it stands. We know cabinet members have been meeting to reach a compromise slow and steady progress is what they are ca
Emergency meeting. A Chinese Pharma Company wins approval for human testing of a vaccine. Governments around the world starting restrictions to slow the outbreak. The virus threatens to weaken chinas economy even further. Our review of the latest for the slowest and the end of the cultural revolution in 1975. Shery lets get you started with a quick check of the markets close. It was another down day. The rebound we saw in the previous session, we are talking about the s p 500 and dow and nasdaq all going down the s p 500, every sector was in the red. Energy was the biggest decliner. Oil sinking to a 19 year low. When it comes to the dow, losses of about 36 since the peak in february. We continue our way down. Weve heard about a second stimulus package coming from the trump administration. This was after the close ended during the trading session. We saw volatility Circuit Breakers also being. Possibly another down day. Asian stocks and futures trying to climb. We have taiwan, philippin
Lets kick it out to constituent movers and fx. Euro is at the top and looking ahead to what mario asghi will probably not do we his last meeting today. European Central Bank Governor, bowing out, replacement christine lagarde. The cable situation is flat. People i have been talking to are saying they cant guess which way it is going to go on this. 1. 29. Und that the European Union keeping Boris Johnson waiting and not letting him know what kind of extension britain will be getting. An Interest Rate decision out of the bank indonesia. The currency moving slightly to the upside. 1313reaching the 14,000 level r the rupiah. Cmy, the fix nothing to write below the we are handle. With that in mind, lets look at first word headlines with su keenan. Su we start with the European Union, which has left Prime Minister Boris Johnson hanging. Brusselsfficials in debate granting a third extension to the process. Eu ambassadors in brussels agreed to give the u. K. More time but could not decide on h
And the indonesian president speaks exclusively to bloomberg. Widodo says no one wins in eight trade war. Of thea quick check market, futures gaining, but this coming after the s p 500 saw the biggest drop since august 23. Remember, that is when President Trump announced another set of tariffs on chinese goods, so we ,ve the s p 500 lower by 1. 58 with every sector lower, being led lower by energy and financials, with disappointing payroll numbers, less than expected, the august number also be a revised lower. Take a look at how futures in asia are trading, a little bit on the upside, up 3 10 of 1 . This, of course, after the nikkei fell the most in about a month and despite the fact that the japanese yen is at the strongest level in about a week against the u. S. Dollar, but sydney futures are down 1. 8 . This, continuing the fall after they saw the biggest drop since august on risk off sentiment in the previous session, kiwi futures at the moment down 1. 2 percent, losing ground for