Heard from the bank of england yesterday and whether that will filter through longer term in terms of negative rates. Now overall, the markets are focusing on that. They are focusing on some of the things that we saw this week, which is m a. In. Ks general in europe edging lower it seems to be that a lot of markets are in a holding pattern. Lets get straight to the bloomberg first word news. Here in london is also leighann gerrans. And oracle seem to be edging closer to eight tiktok deal. They have tentatively agreed to terms with the treasury department. Bytedance is also increasingly confident that plans will win the approval of regulators in beijing. Assuming it happens, a new firm would aim to hold an ipo in about a year. The eus climate chief says rising demand for green bonds creates an opportunity for the bloc. It plans to start selling as much as 225 billion euros of its debt. That amount is almost the same as all of the Green Securities sold globally last year, likely making t
59 minutes left to trade, kayla. And that green screen is not something we have seen in a while. We have a big show ahead today on closing bell. A big deal for big steel well talk to the ceo from Cleveland Cliffs and his outlook on the economy later, sneaker startup all birds scoring 100 million in fresh funding. Valuing the company at 1. 7 billion the coceo will join us to tell us how his Company Plans to spend that cash and well have that later on in the show. Lets focus in on the big show were tracking to days rally. Theyre covering the latest tensions in the tech cold war with china start us off on the Broader Market and what youre seeing behind the scenes today. Yeah. Market making the case that last weeks lows and got some traction near the levels its not Something Else tachlt a look at the s p 500 year to date all the indices have a similar look with different mag any tudz we were talking about this level for a long time. This is where we hit the lows a few times last week aroun
President ial debates on American History tv on cspan3. The Senate Judiciary subcommittee on intellectual property held a hearing on u. S. Copy right law and the 1998 copy right act which says when hosts must remove pirated content. This hearing will come to order turn your microphone. This hearing will come to order. While im disappointed we cant be together in person today, im grateful to chairman graham and Ranking Member feinstein and our clerk for facilitating todays hearing through webex. I want to make clear that this hearing is no way distracting from the full committee and my personal work on other pressing issues facing our nation. Congress must address issues of Police Brutality and the horrific circumstances that led to the murder of george floyd and the senseless deaths of so many of our africanamerican brothers and sisters. Thats why im grateful to chairman graham and Ranking Member feinstein for agreeing to hold a full Committee Hearing on policing in america and i will
It is armageddon, moments ago the president told fox friends, he would not name his nomination to the court until after the services for Justice Ginsburg are completed, he said he would announce friday or saturday. He said he would move quickly, he said time for a vote before the election. Now look at this, a wall street selloff, major leagues, all kinds of problems for investors, election chaos seems to be a certainty that could even be a constitutional crisis of the Supreme Court has to decide the election and there are only eight sitting justices, there could be a tie. A second wave of virus infections has hit europe, especially britain, there are worries and comes here. China holding military maneuvers as a u. S. Envoy heads to taiwan. Grandpa got up and look what you got. The dow will be down 500, maybe 600 points at the opening bell, the s p 53 points lower in the nasdaq down 170, that is a selloff, in a moment you will hear more from the president because later on today he is he
Few sessions for tech stocks losing over a trillion dollars in value in just the last three days josh lipton is sorting through the carnage and has more josh thats right, jon bigtech names suffering big losses take another look here at apple, minhaj, amazon, alphabet, facebook and tesla just to put the plunge into perspective. The last three days essentially wiping out three weeks of gains. At the start of this year, these Six Companies were worth about 5 trillion. Their value then peaked at 8 trillion just last week. Now they lost about 1 trillion sounds like a lot, but also keep in mind, the remarkable runs these stocks have had. For example, apple is trading about 15 off its alltime high. Still up, though, about 60 so far this year. Same goes with amazon. Down about 6 so far this month, but the stock is still up more than 70 so far in 2020. Also, check out the smh, the etf that tracks the chips bouncing here this morning. Trading about 10 off its most recent high. Sector surge on th