In a year like no other, its a black friday like weve never seen before. The pandemic has many people staying home. Im ama daetz. Im dion lim. While black friday isnt what were used to, there are still lines to be found at malls and some people did brave the cold, some for as long as 36 hours to snatch up some of the most popular items. Liz kreutz was in dublin early this morning when the doors opened. Reporter when the doors of the best buy in dublin opened at 5 00 a. M. , there was no running, no pushing, no shoving. It was peaceful. There wasnt any rushing or craziness. Reporter like so much else this year, this black friday felt different, much calmer. Still, some people did brave the cold to wait in line. Sky 7 got this video from the livermore outlets and here is the doors opening at target in dublin. Friends jaden and mossy got to best buy at 4 00 a. M. 287 for a 50inch. Great deal. Reporter these guys were hoping to get a playstation 5 and werent the only ones. The game stop in
Rice universities Public Policy hosted the event. It is over one hour. Welcome to the Baker Institute webinar. I am steve lewis. The head of our china studies program. We are happy to have you all this afternoon. Thank you for tuning in. I am hoping not only do you find it informative and unique colleague, but froma welcome respite domestic politics, which is never as important as aging asian affairs. I would like to thank all of you again. Our hardworking staff at the Baker Institute. My Research Assistant for helping. The foundation for endowing a lot of the events here. The doctor i have known her for 10 years one of our top scholars. I think it has been 10 years. She was a postdoc here for asian interested in media. Had her and her expertise in many of our past webinars on chinese politics. We are happy to have her again today. Also, we are happy this year because she is newly minted as an associate professor, tenured professor at media studies at the university of virginia. The on
12, maybe. And jpmorgan says dont give up on nikola. Thats ahead we start with the markets. Dom chu has that for us. Weve been on either side of the unchanged line well call these markets stable. Weve seen some fractional gains and losses fractionally to the down side. A quarter percent to the down side for the dow the s p off a third of a percent. Similar moving for the nasdaq composite. Key level to watch for the nasdaq, 3401 at the highs of the day, we were up 19 in the s p and down 18 at the lows a good amount of symmetry with regard to the trading range today. A hot part of the market is the Cloud Computing industry this etf, ticker clou, has been a massive upside mover up another 1 today. Record highs for this etf and again since the pant lows wep lows, were talking about a 116 gain one other place to watch in terms of the stock, l brands, price target upgrade by analysts at jpmorgan, that stock was given up for dead quite a time ago. Up 87 almost a twoyear high this is victorias
It is official. The pandemic has triggered the steepest Economic Contraction in history, but markets in this final hour dont look nearly as bad as they did when the number for gdp q2 came out earlier. Right now, the dow is down 193 points but the low had been a loss of more than 500 points. Yes, we saw that the covid had created a stunning collapse in growth but nowhere at the moment where we see the nasdaq up 56, thats where we see some real strength. But the reaction is most prevalent in safe haven government treasuries. To the tenyear yield which moves, by the way, inversely to the bonds price, diving into a hole. We are at. 55 for the tenyear yield, as worried investors decide it is risk off. All right. So President Trump is making comments right now at the headquarters of the American Red Cross in washington, d. C. Lets listen in for a moment. These therapies transfuse powerful antibodies from the blood of recovered patients to help treat those battling the current infection that
Five day winning streak. Dom chu has more. And it has been the outperformer the nasdaq again up about onethird of 1 , so well off the lows of the session so far all those lows by the way, the dow industrials down roughly 271 points and weve gained back a lot of ground, but a lot of waiting and seeing with the s p just about flat. Lets take a look at some of the sector movements since the covid lows that we saw back in march over the last three months, the real standouts have been energy, up about 68 , consumer discretionary, retail names up 47 . And Technology Names up about 37 . Are more sensitive names playing on a recovery or hopes of one driving those particular gains so something to watch. And then the stock of the day is spotify hitting a record high up 13 off the highs of the day after it inked an exclusive deal with Kim Kardashian west to host a new exclusive podcast centering around kriccriminal Justice Reform and remember a lot of headlines, dwrenkt listin direct listing, not