Boost the recovery. Larry summers says the coordinated Global Response is needed. And airbnb books an ipo in new york, aiming to list shares on the nasdaq. Booking through september a total of 18 billion. Although it admits covid19 continues to affect the business. Lets take a look at the asx. More than normal when it comes to the australian soft market after it had the data disruption out. Yesterday was the longest outage in about a decade. Of course, it meant australian traders missed out on the bulk of the days rally. Only trading for a halfhour. We are seeing a pretty modest start, less than 2 10 of 1 higher at the open. Perhaps some caution there could be more technical difficulties. We are seeing gains when it comes to trading in new zealand. Nikkei future setting off on a bad foot as we are seeing some profittaking. It does look like the vaccine driven optimism and the rather we saw overnight will continue, with s p active futures in the positive. Shery we have breaking news at
Ruled in favor of the das office and the subpoena. But they also remanded the case back to the lower courts for additional consideration. This is an hour and 20 minutes. We will hear from trump the vance. The way we will proceed is that each side will have on interrupted arguments. Then there will be questioning in order of that with judge lavalle first then me and then judge. You will begin and you have reserved three minutes for a rebuttal. Thank you your honor and good morning. Good morning. And may it please the court, on remand the president filed and raised two claims, first that the subpoena and overbroad fishing expedition. And second that it was issued in bad faith in order to harass the president. The District Attorney concedes the Supreme Court is author of the president bring these claims in federal court on remand. The only issue then, on appeal, is whether the allegations of bad faith or plausible. The District Courts determination that they are not could be reversed for
The court heard arguments from the president s attorney in the manhattan District Attorneys office. The central issue surrounds the subpoena for the president s finances as part of an investigation into alleged misconduct i the president s company, the Trump Organization. This is the second time this case has appeared before the court. The first was in october of 2019. It ended up before the u. S. Supreme court in may of 2020 and the justices ultimately ruled in favor of the das office and subpoena. But also remanded the case back to the lower courts for additional consideration. This is one hour and 20 minutes. 20 minutes. We will hear from trump the vance. The way we will proceed is that each side will have on interrupted arguments. Then there will be questioning in order of that with judge lavalle first then me and then judge. You will begin and you have reserved three minutes for a rebuttal. Thank you your honor and good morning. Good morning. And may it please the court, on remand
Interrupted arguments. Then there will be questioning in order of that with judge lavalle first then me and then judge. You will begin and you have reserved three minutes for a rebuttal. Thank you your honor and good morning. Good morning. And may it please the court, on remand the president filed and raised two claims, first that the subpoena and overbroad fishing expedition. And second that it was issued in bad faith in order to harass the president. The District Attorney concedes the Supreme Court is author of the president bring these claims in federal court on remand. The only issue then, on appeal, is whether the allegations of bad faith or plausible. The District Courts determination that they are not could be reversed for several reasons. First, the court stacked the deck against the president by serving these president s are disguised attempt to re litigate category community. The District Attorney also concedes they claim they are no not. The clot plausibility standard to be
The session, sara. Come back after two down weeks. Coming up on the show, tech investor Roger Macnamee is with us and gold strengthens, the dollar weakens and home body stocks outperform well break down the trades and themes in a few minutes with David Rosenberg. Lets focus on the key stories mike santoli watching the bounce back rally meg tirrell as the president participates in a Coronavirus Briefing and the other big Market Driver this afternoon, the stimulus negotiations in washington new details expected this afternoon. First to you, mike yeah. Sara market really is a bounce in large tech stocks that is carrying the s p 500 to the high end of the recent range. Pretty well mixed market under the surface. Those big nasdaq themes carrying we spend most of the day, interestingly enough, almost exactly at those early june eyes we were looking at for a while not sure there is any particular reason we have to sit there. 3232 is that level basically that, is where this nasdaq rally has ta