They are suspending trading in hong kong. We dont know the reason for that but we will bring you the reasons when we get it. Backdrop, the hang seng up by half of 1 . The authority spending a lot of money to defend the dollar peg. That is something on peoples. Inds as people make a rush 0. 5 toi composite, about the downside. Of what istrends going on as far as Market Action in this part of the world. Lets look at some of the first word news. President trump seems to have abandoned any hope of a virus package before the election next hek, telling supporters that sees a deal coming after the votes. Package covid19 continues to soar in the u. S. In newlizations jumped , ando, 50 in wyoming elsewhere in connecticut. France is planning a nationwide lockdown bid one in four airports in europe are collapsed as the virus europe face collapse as the virus stifles travel. Kar inion people in kash were said toince have undergone checks over the weekend. Authorities found five confirmed asymptoma
Alltime high of 70plus thousand on a sevenday average. Steve weiss, turn to you dow down 10 from its high no, we dont have control of the virus. We dont have stimulus were not rounding the corner. We are, as dr. Scott gottlieb said on squawk entering the most difficult phase of the pandemic we have yields lower s ps down for three Straight Days what do we do with this today, steve . Well, ive taken off a number of positions ive added some shorts, added some puts to protect stocks for earnings theyve done a little bit, but ineffective when you look at the carnage thats out there in stocks like u. P. S. And microsoft, which both had good quarters im very cautious on the markets. Were through earnings earnings hasnt been a lift. Even though its a good earnings quarter, put it in perspective its still down 16 year over year so, markets are way overvalued corona is a big issue. I dont see returning to march lows because i checked the number of cases in china and south korea and the philippi
Girls kidnapped in pakistan who are forced to marry and convert to islam. Hello the u. S. Is being pummeled by Natural Disaster as the seer as record fires continue to burn along the west coast parts of alabama and florida is slowly being overwhelmed by the ocean the danger has already been described as life threatening and now u. S. Officials are warning Hurricane Sally could be record breaking the category 2 storm is moving so slowly that its likely to bring days and days of what are being called unprecedented rain and with it record floods there also be severe winds up to as 170 kilometers an hour a storm surge and isolated tornadoes power has already been cut to 150000. 00 homes and people in some areas have been told to stay indoors aljazeera as Jenny Harrison is following the hurricane as it tracks closer towards the coast. Well this of course is the actual gulf of mexico and this mass you can see here this is a consolidated cause its been moving very very slowly but towards the
Im jamie colby, and today im in wilmington, North Carolina. Its known for its gorgeous beaches and its great surfing, but it was also the last confederate port city to fall during the civil war, so it is fitting that im here to meet an heir whose ancestor became famous in defeat at the Highwater Mark of the confederacy. My name is George Edward pickett v. Im the greatgreatgrandson of general george e. Pickett of gettysburg fame. And i never knew exactly what that would bring to my family fame, fortune, or dishonor. George who goes by his middle name, ed has invited me to his home. Hi, ed. Hi. You must be jamie. I am jamie. How are you today . Im good. When the 59yearold isnt working as a surfing instructor, ed enjoys doing yoga and playing guitar. Its a far cry from his famous greatgreatgrandfather who fought at gettysburg. Growing up, did your family ever discuss that you had a connection to that battle . Well, i knew about it. It was discussed briefly. I was not really that intereste
Talk about a uturn, we had a swing from high to low, 875 points on the Dow Jones Industrial average and it closed at about 160. The nasdaq at one point down 582 and at the close the nasdaq is off of about 140 points. It is down maybe 702 days which is pretty intense and you can finally see the s p 500 down not even 8 or 28 points. Why the selloff, why the rally back, as for the cello question the wall street journal was reporting a jump in trading volumes and options that are linked to Technology Companies and as for the uturn major rent from the record that we had on wednesday and that mightve been overdone with that technology. Delete they come back mainly apple, it was down over 8 at the lot but in did hire a bit and it averted a threeday losing streak, other tech names, the work from home stuff, they did continue to get humbled suggesting that investors are betting on the economy reopening a little bit. Look at that down about 5 tod today, with the economy reopening you have airlin