Close proximity to a president ial election. We will hear from him throughout the day and the focus will turn to the jobs report. After u. S. Unemployment claims figures even this reading of the labor market we will be joined by larry kudlow from the white house for his reaction. Lets get to our main markets story. U. S. Stock futures continue their slide after the main gauge clocked its biggest plunge in three months, tech shares took in a selloffeating that knocked down the highest flyers. To put it all in context is dani burger. 750 billion wiped off the nasdaq, a painful day especially for a lot of the retail favorites, like tesla, falling down. Let me show you how this breaks down the chart. I want you to concentrate here, the nasdaq composite versus the s p and the equal weighted version. You can see most of the past month on the way up the nasdaq leads. The green day is the biggest so far. This little chunk at the end of the chart, you can see the biggest chart is the nasdaq fal
Singapore also in the red. Currency markets certainly, we have the sea and why in the frame at the moment. This is as we got the story today about beijing crossing gains in the yuan as it seeks to cheapen exports and bolster weak spending. That is a theory being compounded, saying a stronger yuan is ideal for beijing at a time when president xi is pushing for a more selfreliant economy. That is where we are with the currency markets. Yvonne yeah. Interesting call there. Thats more analysis with eddie cheung, e. M. Strategist. This all about shifting to more selfreliant economy in china. Given the gains we have seen in the renminbi, is it sustainable and how much tolerance is there for further yen strength . Eddie well, i think we certainly do believe there is more room for the cn wide to gain. First in terms of the dollar view, we think the dollar still has more room to go lower. We look at the indices, we are only at about three month highs. We are still below where we are in terms of
Politics 1st magazine and in budapest we cross to jordan samuel he is author of bombs for peace natos humanitarian war and yugoslavia are across up rules in effect that means you can jump in anytime you want and i always appreciate when you let me start with george and george lets start with the big story because the beer a story looks like its kind of morphing into the venezuelan story of the baltics ok because we have this pretend or recognize from. From lithuania i think it is this moment that they can all scalia that she is the president in exile right now are they pulling a white go here because i seriously doubt this would be happening in my own peo had made a phone call go ahead george well they are trying to pull away though but of course the white dont case turned out to be a complete fiasco. And its clear that the Trump Administration isnt terribly happy with the policy that it got stuck with thanks to the pressure from former National Security advisor john bolton so i have m
Former National Security advisor Michael Flynn loses his bid for the criminal case against him to be dropped. By broadcasting live coverage for our studios in moscow this is R T International and john thomas certainly glad to have you with us now residents of have staged a protest against the arrival of new migrants officials on the southern talian island state that the situation is not sustainable and some locals are taking matters into their own hands by trying to stop the newcomers from disembarking. I cannot we dont understand whats going on here in london do so this is a disaster for us the migrants arent leaving because theyre left alone were all in this together the early hours of sunday morning around 370 people arrived in the port of lampedusa on board a fishing boat now they received an angry reception from locals. Here were here for peace we just want the Illegal Migrants to go back because were fed up tonight limb produce assess enough while local government officials and l
Now were well off those worst levels as tyler and kelly were discussing financials and industrials are in the green tech though does continue to lag even though it is bouncing back. Sara, were well off the lows but in the red just about. And in the red for the week which breaks the five week win streak plus, turning the page well speak with Mark Thompson whose tenure comes to a close as of tuesday that stock climbed more than 400 under his leadership. And the ceo of Hawaiian Airlines will join us after his company scrapped change fees and hawaii struggles with increasing covid19 cases mike santoli tracking the selloff and the come back in the market josh lipton has details on a volatile day for apple and joining us to break down the moves in technology, dan niles from april hl one capital. Start us off here on the Broader Market and what you think is important. Yeah. Sara, a pretty good little day and a half rinse that we got from the highs on wednesday. Look at the s p 500 in the shap