United states its people its economy and the way it deals with the rest of the world the bottom line. Hello im daryn jordan this is counting the cost on aljazeera your look at the world of business and economics this week cracks in the Global Economy stocks saw to record highs despite the coronavirus pandemic billionaires become richer but the poor get poorer so is it time to finally confront capitalism. Remaking china on the world in president cheese image is the middle kingdom looking inwards as the chill of a new cold war threatens the factory of the world. And global debt saws as government spend spend spend on the world cope with even more debt. Well no nation has been spared from the coronavirus pandemic with 22000000 cases and almost 800000 deaths the Health Crisis is far from over a secondary spikes flare up we may have seen some of the worst economic costs but most pain could be lurking as we head into the final few months of the year well most of the industrialized world has
Correction from the march lows. Joining us is a chief market technician. Nasdaq, what is the level that we stabilize at . That is a great question. I think rather than looking at the levels, i think it is more about duration. We need more than one or two days of selling to alleviate the excess that we have built up over the last few months. Anybody who has been following the markets, equities seemingly have grind it higher every single day, so there is a lot of excess, a lot of exuberance built into the market. A a day or so of the selling pressure is not going to alleviate that. Where we kindbove of should be, are we . I guess it is the question people are trying to understand. We did push up aggressively, steadily though, but it has taken us above the 50, 100 and 200 Day Moving Averages. We are starting out to get back down to levels closer to the 50 Day Moving Average. How important is that going to be as a level we need to Pay Attention to . The 100 and 200 are still a ways away. T
Government spend spend spend on the world cope with even more debt. Well no nation has been spared from the coronavirus pandemic with 22000000 cases and almost 800000 deaths the Health Crisis is far from over a secondary spikes flare up we may have seen some of the worst economic costs but most pain could be lurking as we head into the final few months of the year well most of the industrialized world has delivered on its 2nd quarter g. D. P. Numbers and the worst performer was Boris Johnsons britain its economy contracted more than a 5th after failing to lock down early enough the country also has the most deaths in europe. While the Unemployment Rate has yet to reflect the severity of the economic crisis its only a matter of time when furlough schemes across europe come to an end in the United States more than 20000000. 00 people lost their jobs before a stuttering recovery began in the developing world those in the informal economy with the worst affected with more than 120000000 da
Line tackles the big issues this is shaping the United States its people its economy and the way it deals with the rest of the world the bottom line only. Hello im daryn jordan this is counting the cost on aljazeera your look at the world of business and economics this week cracks in the Global Economy stocks saw to record highs despite the coronavirus pandemic billionaires become richer but the poor get poorer so is it time to finally confront capitalism. Remaking china and the world in president cheese image is the middle kingdom looking inwards as the chill of a new cold war threatens the factory of the world. And global debt saws as government spend spend spend on the world cope with even more debt. Well no nation has been spared from the coronavirus pandemic with 22000000 cases and almost 800000 deaths the Health Crisis is far from over a secondary spikes flare up we may have seen some of the worst economic costs but most pain could be lurking as we head into the final few months
Jackson hole goes virtual. Jerome powell gives an update on the central Bank Framework review. We hear from bank of england governor Andrew Bailey and ecb philip lane. No more lockdowns here. Italy joined france and spain and rolling out another nationwide shutdown. Despite rising cases in all three countries. Global infections past 24 million. The eu trade chief phil hogan quit after growing criticism that he broke my wrist rules by going to a golf dinner. Just under an hour away from the start of cash equity trading in europe as hurricane laura makes landfall in cameron, louisiana. See european futures swinging back and forth between gains and losses. Right now, dax futures up about 1 10 of 1 . The futures doing a lot of nothing. A bit of a stall after global stocks really had an alltime high again yesterday. I want to bring you some breaking news on wpp. The second quarter, organic sales at the advertising behemoth down 15. 1 . This sales hit was something that investors were focuse