A hell of a truck a full report we have a lot to get to so lets get started. The house clear legislation on wednesday that threatens to kick Chinese Companies off u. S. Stock exchanges if they continue to deny u. S. Regulators access to their audit when the measure passed the house by anonymous vote after it passed the Senate Unanimously in may well now the bill has gone to president Donald Trumps dust for his signature joining me now to discuss the trafficking of journalist ben swan but whats in this bill exactly and what was it spelled out to do specifically. Yeah its kind of an interesting things there its called the Holding Foreign Companies Accountable act essentially bars securities of Foreign Companies from being listed on a u. S. Exchange if they have failed to comply with u. S. Public accounting oversight boards audits for 3 years in a row so essentially the idea here is that if youre going to be on a u. S. Exchange you have got to have the u. S. Agency doing audits to make su
Particular the segments of the economy that use it now with regards to this of course the safety and protection of personal data has been paramount its good for concerns that Many Russians as the country increasingly moves towards a Digital Economy and the president was clear that the balance needed to be struck between making that digital progress and protecting peoples data protecting peoples information in particular to do with data leaks. I ask the government to promptly present a bill allowing the creation of draft laws for using ai across economy sectors and also present the strategy of how to use e. I. In practice so that it helps for example doctors at the same time all risks of personal data leaks should be prevented human rights should unconditionally be observed. Now those proposals that the president mention is that they could come as early as next year or early 2021 while he will put forward proposals to grant Ai Developers access to Government Data something that will of
At their highest level ever. But the best trade may be emerging far away. The eem is far outpacing the s p 500 over the last three months a nosedive in the dollar it is at its lowest level since april 18 is it time to rotate out of the u. S. And look abroad for the next big trade, tim . It seems like it could be a rerun of creating a globe. These are dynamics we havent seen in a long time. If you look at where the dollar is if you are investing in emerging markets, the currency is at least 50 of your return profile and high yielding currency is a driver of this reality but its the turkish and african moneys the blowoff top was around 51. 75. I think you have rates moving higher, but normalizing. Normal high rates for em arent good if you look at the source trade and things moving around the world, some of this is about a global recovery. In some sense at least, the u. S. Dollar and rates will stay lower for longer and thats fantastic for the rest of the world. We may be in the depths o
Arizona for biden. Dow is up 191. Were going to start with disney though and a surge for shares this morning following the strong earnings last night and that enormous pop for disney plus subs. Julia boorstin is going to break that down for us hey, julia carl, disney plus accrued 73 Million Subscribers. The companys 120 million paid Digital Subscribers are a bright spot the company says suspension of the next semiannual dividend is in part to priority the direct to consumer initiatives. Its very clear what the new content has subscribers. I think youll see continued increase in investment and then that will fuel some of the growth that christine will talk about at the Investor Conference that we expect on december 10th. The company says theyre reassured by booking trends that cruise ship bookings for next year are very strong pushing to open disneys closed california parks, he called californias restrictions arbitrary. Were very encouraged by the prospect of a potential vaccine. Were e
To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France