U. S. Trading after west texas futures end in negative territory for the first time ever. Ups sees some light at the end of the virus tunnel. The ceo tells us ecommerce is almost thriving compared to traditional sectors. Lets take a look at the oil lets get to sophie kamaruddin, who is taking a look at highlights for us in hong kong. Sophie the relative resiliency of the markets we have seen of late have brought several benchmarks in the region of asia into bull market territory. That will be tested in the face of this oil rout. Futures. Eing mixed nikkei futures in chicago while kiwi stocks are extending mondays drop. Lets switch up the board to check in on signaling perhaps the recent optimism and equities may be unwarranted and this money, gold resuming losses but still closer to its high of the year than it slows that were hit in february and treasury futures are now unchanged after we saw the u. S. 10 year yield with alltime lows on monday and the dollar little changed as well wit
Have built up pretty steadily. There was a gain for wti. Its down a dollar. And heres whats on the agenda economically. Tomorrow, look for july new home sales, followed by existing home sales and thursday, thats why its called weekly jobless cams and on friday, its the second estimate on the Second Quarter gdp. Two for two. Second estimate on the second. First on the first. Third on the third. Symposium in kansas city. Oh, no, its jackson hole. And i guess luhoyia was taken. Hp, tole brothers. And now to the latest on the battle over control of viacom. It looks like this battle is over. And i believe dauman will be sticking around unsill september 16th. And redstone removed dauman from his trust and planned to sell paramount pictures. His daughter largely behind much of this. Hes going to receive about 72 million under the settlement agreement. This was probably the way you had to imagine it went with the redstones owning 80 of the vote. Check out shares of viacom. Theyre up. And final
This kind of feels like the mentality that has been behind a lot of the ball moves in the market in the last year or so. Thats bull moves. Economic numbers this morning were not great by any means, but also not terrible. Lets you are convinced things will get worse from here, perhaps you want to be a buyer. The dow jones also up 1 . It is up 100 basis points almost. 1 . Aq and s p 500 above you are also looking at moves and a few of these sectors now participating that one of them is the Health Care Group has done pretty well. You also look at infotech which has done great today. That is being helped by apple, some of the big tech names. If you look at what is happening with casinos come a pretty big move. Wynn resorts in the positive. That is helping that sector. Wynn is doing pretty well, up 14 since the start of the week. This has been a referendum on where they started last quarter. The Casino Companies in the u. S. Do have operations outside of china. Wellhave been doing compared
Inister moments ago. Caroline he is back to make an grem to put to the u. K. Voters. He will only do a deal if it is what britain needs. If get what is the u. K. Needs. The pound trading lower versus the dollar at the moment. Tom we welcome you to our first word news. A couplor headlines crossing bloomberg now about the u. S. Government. The u. S. Government memo shows world strategy to access phone data. The white house is having meetings on encryption. Well continue to update you on that. The meeting in brussels, the british Prime Minister is pleading far deal that he can take to british voters. Eastern european leaders dont ike his demands. Plans to protect londons financial industry. Rance is willing to relax pope francis is willing to relax birth pposition to control. The u. S. Says that defeating the Islamic State is the overwhelming prort. A new Bloomberg Politics pole shows that Hillary Clinton holds a commanding leevered Bernie Sanders in South Carolina. A 31 lead among africa
The pound by jude 1 40 1 the pound of buys you 1. 41. Pimm Officials Say there was a second suspect involved in the attack on the brussels subway. The suspect accompanied the suicide bomber to the mall back to the maalbeek subway station. He may still be alive. North korea claims that has made progress developing ballistic melissa those. Kim jonguns regime has said they completed a solid fuel rocket engine. A new Bloomberg Politics poll shows republicans are not rallying behind france to stop not rallying behind to stop donald trump. Global news, 24 hours a day, powered by our journalists and news bureaus around the world. John jon reforms to fix the global economy. Chinese equities, down the most in two weeks. Shawna china, we have heard a lot from the premier and pboc governor. What is the message from authorities in china . We have heard a lot from the top folks in the government here. The message is clear and consistent that they can get that 6. 5 stay above goal they have set for