Welcome to the program. Joe biden is edging closer to the white houses a final votes are still being counted three days after the election. The challenger is narrowly ahead in key states which have yet to declare their result. Lets have a look at the overall picture which has not changed for a while. Joe biden has 264 Electoral College votes in present drunk has 214. Trump has 214. Pennsylvania would be a massive prize with its Electoral College votes. Joe bidens lead is currently more than 30 and a half thousand with 98 of the vote counted. Georgia with its 16 clege votes is also extremely close. Biden has pulled ahead of trump but there are only about 1500 votes between them so that is likely to go to the recount. Overall, Donald Trumps path to victory is looking increasingly narrow. States in letter blue or pink or leading towards biden or trump respectively. Anyone state would give joe biden the wind and President Trump needs a combination. 0 so 2Electoral College runs up to up for
There we have active futures on the s p up by. 5 . Nasdaq as well. Just seeing what is likely to happen with the start of the indian session and about one hour and 44 minutes. Nifty gaining about. 2 wednesday, looking like we are adding to it. Have some news as well. There were fears among bond traders bond that could have played havoc on the bond markets. That is the yen. We have the pound which has been emerging as a strong currency against its u. S. Counterpart as we get brexit negotiations taking place and certainly it is the way the u. K. And European Union come to an agreement as to what happens after the u. K. Officially leaves the European Union. Seeing some progress with regards to all that. Haslinda lets get the first word headlines for you. President trump signed an executive order to expand u. S. Production of Rare Earth Materials. Amid concerns that Global Leader china they restrict exports. They are used in a vast range of goods. China accounted for 80 of americas imports
Tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Consumer cellular. Johnson johnson. Financial Services Firm raymond james. Supporting social entrepreneurs and their solutions to the worlds most pressing problems. The lemelson foundation, committed to improving lives through invention in the u. S. And developing countries. Supported by the john d and catherine t. Macarthur foundation, committed to building a more just, verdant, and peaceful world. And with the ongoing support of these institutions. This program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. Judy it has been a long and damaging day along mustve the u. S. Gulf coast with much many flooded homes, plus broken bridges and rain by the bucketfal. Bucketful. Hurricane sally has weakened, but major damage is piling up. Stephanie sy has our rep
From todays apple event we start with a major selloff in the financials the biggest driver in the market with the xlf falling more than 1. 3 citi dropping 7 today under pressure that regulators could crack down on the banks Risk Management systems the stock is now down more than 12 in the past two sessions guy . Dan nathan has been talking about this for a while one of the things weve said is todays banks are much different than ten years ago theyve become utilities you have to look at them differently and you have to factor in valuations much differently. Ill say this quickly about citi right now at 45 the stock is now trading 63 of tangible book, assuming that tangible book is accurate thats levels we last saw probably in the financial crisis these are trough valuations in terms of the price of tangible book i think Warren Buffett told you everything you need to know about us banks hes obviously paring down exposures in banks i think that tells you a lot as well in terms of citi, its
W business i want to go jones and berlin good to have you with us just 3 months after joining tick talk with great fanfare kevin is quitting the chinese owned video app and his short career with the company the former disney executive 1st found himself bang in the middle of a current tech war raging between the u. S. And china. The big question is will kevin mayer find a u. S. Buyer for chinese video platform ticktock before he goes. 4 ringback so far microsoft facebook and oracle have expressed their interest u. S. President donald trump says the app will be banned in the u. S. Unless its brought up by an American Company open competition far from it tick tock belongs to Chinese Company bite what it actually does with the data of tick tocks 100000000 u. S. Users is unclear chinas willingness to spy on app uses generally is well known. Thats why us social media platforms like facebook you tube and twitter have been banned from operating in china for years there are 2 worlds when it com