To get things started off. The dow is down by 17 points but the s p and the nasdaq is there. Nasdaq is indicated up by 47 points this is after a strong month of july for all three of the averages the dow up by 2. 4 for the month. The s p saw its best july by ten years. It was up by 5. 5 . Thats nothing compared to the nasdaq today is the first trade ding d of august. Thats out at 10 00 a. M. Eastern time today also take a look at treasury yields you did see yields under extreme pressure or ten year closing at its lowest level since all the way back to march 9th. Right now it is a little bit higher 0. 546 stimulus talks in congress. Trump administrations officials and House Speaker nancy pelosi are set to resume negotiations today on their competing visions of a bill. The Sticking Point continues to be a boost set at 600 per week in march that lapsed on friday he and Speaker Pelosi are on the same page about the need of direct Cash Payments of 1,200 to most americans. Andrew. And big co
Is confirming today that its going to be testing a mobile app for storing and exchanging the on not as a paper entity by the way but rather as a digital entity like for example. The world learned about this when this screenshot appeared on social media take a look at that right there see it you can see there from the image that this appears to be sort of a Marketing Tool to get citizens chinese citizens comfortable with the idea of using and trusting Digital Currency now its important to mention that china is stressing that this really is quote only a test but is it and if it isnt why are they so i head of the game at this point forbes right forbes one of the worlds leading business periodicals is warning the white house right now that. Up and ministration not to continue its present course of banning and attacking cryptocurrency in fact let me show you this recent headline from forbes it says quote why try should unveil a us answer to big coin to rival chinas digital one should the wh
Live from the World Headquarters of the r t america our Nations Capital this is the news with rick sanchez. Im rick sanchez and i want to welcome all of you were watching us from all over the world im quoting those of you who are watching on your mobile phones using the portable t. V. Up it may very well be that while the rest of the world especially the United States snoozes china is moving along with its plans to create the future of money and what is the future of money what is china doing that we here in america for example are not well get this is now testing a new Digital Currency so here is what we know Chinas Central Bank is confirming today that its going to be testing a mobile app for storing and exchanging the on not as a paper entity by the way but rather as a digital like for example. The world learned about this when this screenshot appeared on social media take a look at that right there see it you can see there from the image that this appears to be sort of a Marketing
Theyre raise something 130 billion in market value between them just today. Tesla, also down 4 in the likes of amazon, alphabet not far behind lawmakers continue to work on aadditional stimulus package with new details coming out about individual and corporate ap dow down 330 points with 59 minutes left in the session, sara coming up, tech investor dan niles will be here to make sense of the late day selloff in technology stocks. With the nasdaq down 2 . Plus, well talk to john rogers about his take on the market and the areas hes investing in right now. And more earnings coming your way after the close including intel, etrade, mattel and apple supplier sky works we bring you the numbers as soon as they hit the tape with one hour left of trade, lets focus in on the stories. We have details on the increasingly heated rhetoric between washington and beijing phil lebeau has comments start us off with the Broader Market and tech especially not getting the love today tech is overheated. Loo
Era why do i mention him right here at the start of this newscast because well because he is credited with coming up with this phrase are you ready adversity makes strange bedfellows i want you to keep that quote of mine as i share with you what is happening right now between china and iran 2 countries presently being targeted economically and militarily by our government here in the United States so here we go this morning the New York Times is pending a piece about a leak that describes how china and iran are signing a 25 year military and Economic Partnership agreement. The piece and titled when china met iran seems to suggest that washington is kind of freaked out by this that it has quote the United States in a geo political storm so what is this deal between the us is biggest adversary in the middle east and the us is the most predominant economic competitor on the entire world stage well its described as an agreement that is going to provide iran with all the tack and Economic D