Senior executives started trying to bring him down months before he was first attained. Governmenthong kong admits chinas security rules may not conform to longtime practices, but the Stock Exchange insist things will be better in the long run. I think this certainly creates a clarity and stability for us to move forward. Lets take a look at the monday morning markets. A tepid rebound after we had the biggest route in about 12 weeks on the back of that retailfueled surge we saw in valuations. This is what we are seeing when it comes to s p futures, down about 1 . Chicago nikkei futures also lower. Positive,ures in the still indicating a downside of about. 2 . Then stocks trading at lowest in about two weeks. Kiwi stocks, trading underway. After we heard a contraction when it comes to the Services Industry and a bit of a pullback when it comes to the aussie and kiwi dollars. Risk very tepid across the board. Lets turn to those fears of a second virus wave in beijing. China probing offic
Typically this is the time you would see investors plow back into their equity safe havens like tech names. The sectors outperforming our the two that have been hit the hardest so far this year, financials and energy. Financial still off 24 . Energy down 30 year to date. Well asbank index doing regulators rollback some of the rules put in place after the great financial crisis. Banks will no longer have to set aside money when trading derivatives with their affiliates. That frees up capital, and that is always a good thing for banks. Regulators are modifying the volcker rule to allow banks to increase investments in funds. Do not watch not forget to watch for the fed releasing stress test results. Watch apple and disney, apples closing other seven stores in houston after closing 11 last week because of increased virus counts across different states. Disney delaying the opening of disneyland in anaheim indefinitely. It is not the cake and get approval from state officials in time for th
Lots of interesting things going on today, but the number one thing without question is a deteriorating take in the last hour, and what is front and center in the United States is a reaffirmation of the first wave of the pandemic. Other issues on the virus worldwide, including in india, for example. Bombay shifting to really grim news out of delhi, a flareup in tokyo as well. Isthe United States, there no other topic than this pandemic. Jonathan totally agree. Claims 30 minutes away as well. We face elevated long unemployment. What we need is a clean reopening so we can bounce back quickly, and hopefully the temporary job losses dont become permanent. From an economics perspective, that is why the pandemic and the fragile data in states like texas is so worrying. Reopeningins the process. If it reverses it, worst case an area, we face a lot of pain for a lot of people. Tom i am going to suggest you put separately the pandemic and claims. I would like them quite closely together, in tha
Versus value. We had the nasdaq earlier this week trading at record highs. We have not really seen the other indexes get back to those record highs. Wayrussell 2000 is a mild is a mile away from its record highs. Are you comfortable with this idea that we only have a relatively small cohort of companies and sectors pushing this market higher, or do you want to see broader participation . I think it helps make sense of the market action. Thinking through, where would you want to put capital to work . What is driving this vshaped recovery . I think it would be quite irrational given what is going on with the pandemic and the broader economy. Investorson here for is where do you put capital to work from here on out. These positions within technology, there are some unstoppable trends like digitization, cybersecurity, which are really interesting given the work from home environment. Some of that, we do believe would continue to move higher. An area that you like. That not just the fact th
My name is beri meric, cofounder and ceo of iv. Is my pleasure to introduce all of you to alex kantrowitz. Hello, how are you today . Im doing great. Take you for having me for this. Im really excited for it, weve got our members from across the world joining us for this conversation. Ive been talking about it nonstop over the last few days to the point of annoying white if you friends. Were all very, very excited to learn from you today, so true might everybody the context of a conversation today, together with alex were going to be learning how to compete in the world where no advantage is safe. This concept of always they want is something we can all benefit from. With alex started writing this book im sure he wasnt exactly expecting it to be released in the midst of a pandemic. However, in my view this topic could not be more relevant especially these days when so many of us are forced to have that day one mentality. Help us kick off, alex. Id love to ask you, what you found to be