Becky is off today all breaking fivemonth win streaks with the dow the big loser. Still a good quarter i should say a very good quarter. The dow gaining 7. 5 take a look at u. S. Equity futures this morning lets show you where things stand as we speak. The dow up triple digits s p looking to open higher nasdaq about 140 points hire overnight, Tokyo Stock Exchange suspended trading after a glitch blaming a hard wear problem followed by a failure to switch over to a backup device. The first fullday closure of the tokyo markets since trading began in 1999. Too much partying like in 1999 also in 1999, the year after was the year 2000. That was the last time the nasdaq had two quarters as good as this. It has been 20 years the nasdaq was up 45 . So it has been pretty unbelievable yesterday, we had worries about coronavirus. Even in new york and elsewhere where there is high infection rates. We had sort of just the aftermath of the debate, which people said was unsettling just watching then
Sep currently up 0. 4 percent, on the back of protests over the weekend. Rishaad 44 minutes to go before we get trading underway in india. Nifty futures coming under pressure, down by 0. 4 . Looking at the crude oil picture, they are sustaining some of the gains we have had. A 10 rise in the last five trading days. It could be on, the march to the 100 level according to some. And a look at what is going on with the yuan, at 6. 76. We see the fiveyear loan prime rate holding study from the previous month. Holding steady from the previous month. Lets have a look at what is going on with the first word news. Lets join karina mitchell. Karina a very good morning to you. New japanese Prime Minister has held his first call as leader with president trump, with the para bowing to strengthen ties. They also agreed to incorporate on a vaccine. He may meet the u. S. Secretary of state soon. Others. Spoke with trump says he will nominate a successor for Supreme Court Justice Ruth Bader ginsburg th
That are kind of all over the camp. Yes corona has been identified in this camp in recent days and the number of confirmed cases have been rising many of the asymptomatic people have been put into a quarantine area on the far eastern side of the camp and that area earlier this evening was attacked by individuals who seemingly do not believe that corona is actually in the camp and that it is being seen as a reason to continue a 6 month lockdown in the camp some attacks on some vehicles to move people out of the camp or to move them around ensued and some of the people that were in this current team area were fleeing from that violence and in the process of that several fires were set on the perimeter and then now those fires have been set inside the camp also office for the asylum seeking process takes place is on fire our students living quarters are on fire. Numerous people have been evacuated from the area of their own accord or are now by authorities the space that was created for q
The key is to think about it order by quarter. You had a deep drop in the economy last quarter, and you are back up to where 95 of the economy is restored, and then we all work out the high net was one point 2 a 1 to 2 of the economy, it will take a while to grind through that. The audi is every at the reality is every estimate has gotten better rather than worse. Why is that . Consumer activity stayed strong. The fiscal stimulus, the monetary stimulus, the programs the fed has between the government and congress, between what the fed did. To bring the hole economy back up to the level and now we have to let it work out from there and we probably need more stimulus for defined places still in difficulty. Restaurants, state and local governments, schools, performing events, venues, some of the Industries Airlines and other things that you cannot have people do at the rate we have before. The rest of the businesses, Dentists Office are busier than theyve ever been. We saw Consumer Spendi
Down 600 points recently. We are not near a correction yet on s p, but we are getting there rapidly. I dont think this can be underplayed the virus, the pandemic is really front and center on a global basis, even with an america distracted by an historic moment. Momente and a historic that could possibly sway the election. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika good morning. The death of Justice Ruth Bader ginsburg has thrust the Supreme Court into the political spotlight. Republican leaders in the senate are hoping to rush through a replacement with President Trump expected to nominate his pick this week. Democrats are warning of a constitutional crisis. If joe budden wins the election but a trump candidate is still confirmed to the Supreme Court. President trump is celebrating the tiktok deal, despite it falling short on some of its key demands. The white house gets a promise of new jobs sources have told bloomberg that tiktok is taking a