firms to toughen up or prepare to fail. others saying that in china, nothing is too big to fail. looking at other asset classes as well. taking a look quickly what is happening with the dollar, and also looking at the yen. areis the handle that we going to have for the yen, as we await this senate runoff in georgia. the yen unchanged, one of 3.1. with regards to the oil price as well, certainly seeing oil at the moment down. opec-plus talks unexpectedly suspended after members opposed russia s proposal for a supply hike. bitcoin, what a ride. it was down to as much as 29,000, and has now come back ofm those lowe s at a share $33,000. anchor 2: unbelievable ride for bitcoin. let s dive deeper into the markets. joining us is david chow, our market strategist. good to have you with us. the correction we are seeing right now, stay calm and carry on, because all of those concerns we have in 2020 have gone away. guest: happy new year. markets are not starting off the year as many h
republican leader mitch mcconnell says president trump is right to protest the vote cap. the u.s. sanctions more people in hong kong over china s increasing control. washington has suspended its treaty with hong kong and ended reciprocal treatments on shipping. haidi: let s take a look at this market situation we are setting up for. it is firmly risk on after all the really bullish view overnight on account of the high efficacy from the biotech vaccine. asx 200 trading higher by 1/10 of 1%. it is a handful of asia-pacific markets there is or going into overboard territory. one of those is new zealand. we are seeing kiwi stocks of about 9/10 of 1%. we have the rbnz decision ahead of us this week but that market is up now for six consecutive sessions. nikkei futures reversing pretty dramatically at the moment. above looking at opening 25,000 for the first time in 30 years. trading at thell highest since november 1991. a quick look when it comes to u.s. futures as well. s&p acti
investors concerned about rising coronavirus infections and what that means for the recovery. global deaths are approaching one million with record cases in france and the u.k.. the trump administration given an ultimatum over tiktok to delay a ban or respond in court. ban isnt trump s due to take effect on sunday. ,aidi: it was a meandering confused session in the u.s. investors seemed to be trying to work out where the lead was. investors weighing the scanned prospects of another stimulus package against a resurgence, the second wave we are seeing across europe and the u.k.. modest gains but the s&p has wiped out all of its gains for 2020. futures trading up by .3% at this point. when it comes to the asian trading day ahead, the nikkei 225 regaining a little bit of positivity. modest gains of .1%, trading in the futures session in chicago. in sydney, we are watching as to whether this surge we have seen in growth shares will continue. the msci australia index jumping to a r
plus financial secretary. we re standing by for election results in argentina. the president is under pressure there. we will have the latest. paul: let s take a look at how things are shaping up in the market today. the straily just up and one minute ago. in as are coming online order in australia. not a lot of action. futures were indicating pickup of about a third of 1%. futures for the nikkei traded out of chicago. they are looking slack right now. u.s. equity markets are also pointing higher. sytock global stocks back to the highest levels seen this year. let s check in on the first word news. su: we begin with the california fires. workingters are to contain blazes across northern california. this has forced the evacuation of 200,000 people. homes have burned to the ground. this is driven by a windstorm packing 90 mile-per-hour gusts. gavin newsom has declared a state of emergency with nearly 3 million people without power as of sunday. the result of argentina s ele
manus welcome to daybreak europe. you have seen a number of american markets close in respect for mr. bush, the former president of the united states of america. you are looking at 10 year government bonds collapsing through the 200 day moving average. that is the critical point. that relationship between the crumbling equity market is back with a vengeance. of,thing you should be wary we saw an absolute drop on yields by 48 basis points. are seeing a huge squeeze in these bond markets. this is premature to presume the cuts are done. we are bringing you the breaking news. there is oil over the past few days. trump wants 50 bucks. the saudi s want $73. the russians are happy with the $65. the next few months will be critical for this oil market. for what is happening with equity in bull markets. i am so glad you brought up that correlation between falling bond yields yields and equities. dow, dropping almost 800 points. up andare waking searching for reasons, you are not a