Investors concerned about rising Coronavirus Infections and what that means for the recovery. Global deaths are approaching one million with record cases in france and the u. K. The Trump Administration given an ultimatum over tiktok to delay a ban or respond in court. Ban isnt trumps due to take effect on sunday. ,aidi it was a meandering confused session in the u. S. Investors seemed to be trying to work out where the lead was. Investors weighing the scanned prospects of another stimulus package against a resurgence, the second wave we are seeing across europe and the u. K. Modest gains but the s p has wiped out all of its gains for 2020. Futures trading up by. 3 at this point. When it comes to the asian trading day ahead, the nikkei 225 regaining a little bit of positivity. Modest gains of. 1 , trading in the futures session in chicago. In sydney, we are watching as to whether this surge we have seen in growth shares will continue. The msci australia index jumping to a record high c
China has now sanctioned almost a dozen u. S. Officials in retaliation after the u. S. Sanctioned several chinese officials last week. We are standing by for the president to deliver another is briefing after he signed four executive orders over the weekend on issues including payroll taxes, student loans, while lawmakers are still negotiating a possible broader relief bill. Joining us to discuss, abigail doolittle, looking at the ups and downs. Were there any clear drivers in one direction today . Abigail there really were not. Then, the bulls were out, we reverse lower. The nasdaq had been lower all day. But we saw today is what some are calling the reopening rotation. Some of the cyclical sectors, those climbed. As we saw those sectors climb, that is when some of the tech stock. Apple rebounded. The dow also backfire. The nasdaq did not make enough. Seventh update in a row. Longest winning streak since 2017. The russell 2000, that shows that divergence, the more value and cyclically
Tensions between the u. K. And china rise as the ambassador in london events his anger at gross interference in hong kong last. Long. The oscar winning composer Ennio Morricone best known for his spaghetti western scores dies aged 91. Below with more than 530000 people dead the coronavirus pandemic is showing no signs of slowing but the focus of attention has shifted yet again as india surges past russia to become the furred hardest hit nation with nearly 700000 infections or their cases per capita remain low the outbreak there isnt expected to peak for several more weeks india is now only behind the u. S. And brazil which together have more than a 3rd of all the worlds cases and deaths meanwhile the limits of our understanding of the disease have been highlighted again as 239 scientists now say theres evidence airborne and can spread through smaller particles in the air they want the w. H. O. To revise its recommendations is about per annum begins our coverage from new delhi where som
Infections the confirmed total nears 700000 but the real number could be far higher. The tensions between the u. K. And china rise as the ambassador in london vent his anger at gross interference in hong kong plus. The oscar winning composer Ennio Morricone best known for his spaghetti western scores die is aged 91. And there are many weddings with the sports news as President Trump launches the twitterers are called nuts calls on new black driver he asks bubble wallace to apologize for what he calls the hardbacks of a new spin from the news dollar and slams nascar all for banning the Confederate Flag. And of the United Kingdom has set its sights on those involved in the murder of john g. As it unveiled its 1st you know National Sanctions since leaving the European Union 49 individuals and organizations have been sanctioned on of the governments new system to punish human rights offenders russian authorities implicated in the death of lawyer Sergey Magnitsky have also been targeted san
Treasury yields are up as jobless claims drop. And open for business again, but where is everybody . Errie calm after restrictions were lifted. Muted the session seemed after the week where we saw gains in global markets. We have a pause when it comes to the stock rally overnight. Finally starting to address the the data we trickling and showing the impacts of the pandemic on the Global Economy and the evaluations we see when it comes to markets. Japanese features trending a little lower at the moment. Futures trending a little lower at the moment. Futures flat at the moment. David a welldeserved break. Lets get to the top stories. Despite a recent wrapping up of tensions, the u. S. Trade representative says he feels good about a phase one agreement with china. Robert lighthizer says beijing was honoring the pact when he took significant purchases in recent weeks. Selina wang is in beijing. Take us through what Bob Lighthizer had to say. We got some positive rhetoric about the trade de