This is boom bust the one business show you cant afford to miss for in washington coming up u. S. President general trying to sign an executive order to crack down on other chinese apps marking a new turn of the tech war between the u. S. And china straight ahead we take a deep dive into the move and what it means for geo political relations plus as so much of our lives have moved online because of the copen 1000 pandemic could we see the term internet celebrity taken to a new level well well find out we have a packed show today so lets dive right in and we lead the program with the latest on the back and forth between the u. S. Government and chinese social media apps u. S. President donald trump signed a pair of executive orders thursday that would impose new limits on tick tock and we checked the orders will ban people in the u. S. Or subject to the laws of the United States from transacting with the china based owners of these apps taking effect 45. 00 days from the signing now the
On the back and forth between the u. S. Government and chinese social media apps u. S. President donald trump signed a pair of executive orders thursday that would impose new limits on tick tock and we checked the orders will ban people in the u. S. Or subject to the laws of the United States from transacting with the china based owners of these apps taking effect 45. 00 days from the signing now the order involving tech talk makes official the president s calls for a u. S. Tech company to buy the social media app or it will be banned from operating in the us take tax Parent Company by day its said the action was done without due process process adding that legal action would be taken if the company did not get fair treatment from u. S. Officials the Chinese Ministry of Foreign Affairs also weighed in on the situation friday morning. Just call it enjoys abundant support until she can find little support to put its own. Market for International Rules and willful conduct of a comin to pi
Up pressure. A big thing the marked is watching into the weekend, stimulus negotiations in washington they appear to be stalled with no breakthrough yet. But that could change. We have 59 minutes left of trade. We do sara, as i know you were equally with me on this, we also happy birthday wishes to closing bell and power legend bill grijive who shargri griffith who shares our birthday and mrs. Carl quintanilla. It goes on and on this great seventh of august. Popular day great day it is because of them, not us. Coming up on todays show, tensions ramp up between the u. S. And china, well speak with i ian bremmer and why a worldwide depression is coming plus, the weeks storm driven Power Outages have been a major headache for people working at home. But they gave a boost to a generator company. Well speak with the companys ceo in a few minutes lets focus on the big stories that were walking mike santoli is tracking a volatile market session. We have the latest developments on the stimulus
Curbs. The amount of storage is 300 higher than a year ago. And global virus cases top 7 million in less than a week after topping 6 million. The u. S. And u. K. Show signs of a slowdown. India and brazil are the new hotspots. Taylor lets get a quick check of those u. S. Markets and a reminder of how they ended. Erased all the losses that we have for 2020. The nasdaq 100 continues to post more record highs. You see futures taking that in stride, mostly unchanged after what has been an astounding past few days coming up the big fridays jobs report. The optimism continues here in the monday trading. I do want to see how things are shaping up for some of the asian markets. For that, we have Sophie Kamaruddin here. Are asian markets extending some of the optimism we got in the u. S. . So, even afterestly we got warnings from slowing growth from the world bank. Kiwi stocks adding about one third of 1 at the start. Clawing back year losses as the country with social distancing rules. Austral
And infections surge around the world with outbreaks and 65 countries. Withe a 50 jump in cases 34 people know dead. Well, what a day. Take a look at markets right now. Lets start with bonds. Were going to take a look at the aussie three year, hitting a record low at. 35 . The aussie 10 year, pretty weak. The new zealand 10 year also slipping. Were seeing yields on bonds falling to levels previously unseen. Barrel. Ude 49 a wti is below 45 a barrel. Lets check in on currencies. Dollargot the kiwi trading like this. Coming in betterthanexpected , 2. 6 . But this predates the coronaVirus Outbreak. Weve seen exports rise in new zealand to 1. 7 . The yen was a big mover, strengthening 3 against the u. S. Dollar. That trend looking to continue. A 54ussie dollar has handle, and that happened after we got those absolutely shocking pmi numbers out of china for february. So, hows that setting us up for Equities Trading around the region today . New zealand up and running and off 3. 2 . We have