Treasury secretary triggered more fear than any episode of stranger things. Look at the nasdaq, taking the most outsized hit right now, down 89 points or. 75 . The dow is lower by 142, s p down 20. Our floor show traders are mobilizing right now in front of their cameras to root out the markets hidden Pricing Power players. They will tell you how theyre doing that right now. Just 24 hours after that apple event cameo, verizons ceo is here on the 5g future hes promising apple iphone 12 buyers. What 5g really means to you and me right now and what will it take to get those ultrafast speeds into areas still operating in some cases way back on 3g . Hans vestberg with us in just a few minutes. The Telecom Giant joins us. And spac to the future. A new spac ready to clean up in more ways than one. Former nrg ceo david crane taking his Clean Energy Investment to the public markets. What will it take for him to open up his blank checkbook . We will ask him in a first on fox business interview.
Good evening and welcome, both newcomers and repeat offenders, if you look around here, you notice the great many ponderous and intangible books out there in the world. That being the case, its always refreshing to find whose impact in the portion to the Tipping Point is one of those books, from time to time, usually its quite unexpected, work appears that acts as a decongestant for the brain, one strong spray with a passages to clean up, suddenly we can finally grasp things around us that weve always been looking at, we drop the enter gp and more sharply, it can be rather intoxicating, once again this is that kind of book. One of the delights i find of the Tipping Point is that malcolm asked the kind of question that a child might ask, the kind of question that is on the tip of her brain like the name on the tip of the tongue. Often we find it hard to focus on, not despite a bit but because of it. In the question he asks to hear is that one once weve heard asked, why didnt anybody thi
Anyway. U. K. Minister Boris Johnson england can resume it using of lockdown rolerules. Welcome to daybreak europe. We saw a Risk Appetite shaking a little bit yesterday in terms of Global Equities. Global equities are still heading for a weekly gain. In china, the data shows the recovery led by industry rather than the consumer. Concern. T cause some initial jobless claims below one million, but you focus on the decline or the fact that the number that th remains elevated . Does that mean there is less pressure amid the stimulus talks . Not getting any direction from asian equities today. We did see a drop in the s p 500, and that drop was led by the more cyclical sectors, where we sawtek outperform. Where we saw tech outperform. Futures posting slightly positive, different to europe, where it looks like we could see another day of declines. The 10 year yield rose to an eight week high. We certainly have seen a little repricing around that, and around the real yield, which is pulled b
Investors are trying to digest the barrage of dats out of china. The conclusion at the moment is it is negative. Were seeing the s p out of many futures. The real standout here is the c. S. I. 300 stock. China sinking to the worst since february 3. Chinese shares really nraveling. 0. 62. Remember we have a heavy european bond supply in the pipeline. No change is expected. It is all going to be about guidance. Demand for eurosterling ahead of the e. C. B. Policy decision according to some of the fx traders we have been speaking to. Coming under pressure down. 6 . We closeded close to four month highs. Limited support from u. S. Crude inventory helping that trade. Lets get some of the other important stories were following for you. Thanks. Coronavirus cases continue to surge in the u. S. With california reporting near reported cases and fatality. The worlds biggest retailer requiring customers to wear masks. Walmart joins starbucks, costco and best buy in the move. The coronavirused a it
Coming up for the rest of the hour. The chairman and ceo of train technologies trane technologies, they do hvac. We will talk about how you recondition all of the airconditioning units that we have to allow us to basically eat and drink inside. A really important conversation as we think what will happen as we approach the autumn and fall. What will happen to the service side of the economy. The banks are in big focus. 93 man sachs reporting a surge in revenue on the stocks and bond trading in the Second Quarter. Highlights is our bloomberg wall street reporter. They have a lot of questions about the m a environment. Goldman the lead m a advisor. The backlogn saying is higher, but he expects activity to continue in the next two to four quarters. , but we will see them come back. There are a lot of uncertainties. One question was about the election season. Solomon warned that is a ways away. As we know in the u. S. There are major uncertainties with how largescale deals are viewed among