Yet to shape out its just a chance to come to advocate and in gains from it because the trail. Went on many find themselves worlds apart when shes to look for common ground. I. This is boom bust one business show you cant afford to miss branch of war in washington coming up just straight up thousands of Airline Workers hangs in the balance as Congress Continues to debate stimulus for the ailing industry straight ahead we dive into the struggles of the aviation sector and where their fate lives on capitol hill and later controversy continues to stir in europe as the e. U. And the United Kingdom continue this bar over their divorce deal later on were going to break down the Details Behind the friction of a packed show today so lets dive right in. And 2 of the United States largest air carriers have announced the furlough of more than 32000 employees after lawmakers failed to extend a bailout for the industry ravaged by the copen 1000 pandemic that the layoffs from american and United Air
Langevin and others. Recognizeey i myself. The warnings we had and decisions made about the most recent worldwide Intelligence Committee in january of 2019, and i quote, the United States and the world will remain vulnerable to the next pandemic where large scale outbreak of contagious disease that could lead to massive rates of death and disability, severely affect the world economy, strain international resources, and increase calls from the United States for support. We must ask ourselves what are the warnings are going unheeded, and what can we do right now to protect the American People from other threats . Before the unthinkable happens in the future, how can we exercise strategic and precisive foresight to the best of our ability today to ensure are a nation prepared for tomorrow . That same worldwide threat assessment Cyber Attacks is a top global threat with china, russia, iran, and north korea, raging a silent war capable of shutting down with such Information Systems and cri
Many of indices. The nasdaq is 3. 2 higher. We are also seeing a recovery for oil. We are still below 40 per barrel. The vix is up there but well below 30. For all the recent volatility is favorable for some investors, lets welcome our first guest. She is managing director and head of longshores equity. Talk to us about the strength of a strategy these days. It has been a couple of years for hedge funds. What is the driver of this . Thank you for having me. This is such a great question. It is head spinning which way the markets are going to go. There is daytoday volatility. We have the election, a vaccine, theres a lot of volatility in this market. Whats important for strategies most importantly is dispersant. To see winners and losers. Short Equity Strategies struggle predominantly more because of the short book. It was the short book that was a challenge in this rising market. Accelerate to where we are today in the cycle and where we are today in the pandemic and we have real oppor
7. 44 . As you noted before the yield curve. Steepening and a rally in the financials you mentioned that june 10 was the high that was the day where the markets had their maximum enthusiasm about the strength of the recovery and how fast it would be that was the peak where the come back of value and cyclical sectors. That seems to be the dynamic and the push for which stocks were preferred and the market seven days in a row of records is not to be dismissed guys the intraday record high in this session and well have to see if this continues . Yesterdays high is around 3,500. Coming up, well talk about the abrupt halt to the sports world. We ha we have fed president s and the interim ceo of tiktok. What a story it has been and a soap opera all week long we are learning more in the details in the sale of tiktok after walmart confirmed it has teamed up with microsoft sources tell us that walmart ineshlly wanted to be the lead buyer together with what was alphabet and soft bank coo and ran
For shinzo abe. The pound is big today. We are up by 1 . Governor of the bank of england indicating we are going to see the possibility of negative rates. We are, as you can see, seeing a big bid for the yen as well. Dollar is down. Stoxx 600 is low. S p absolutely flat. Kailey i want to bring you news. Mgm resorts, the casino operator, is cutting 18,000 jobs. That cut impacts over one quarter of its u. S. Workforce. It has been a hard time for casinos during this pandemic. Mgm operates not just in the u. S. , the las vegas strip, but also in macau. All macau travel was shut down, they have yet to catch up. Las vegas market makes up half its revenue. Mgm cutting 18,000 jobs. At the moment, the stock is higher by about 4 . Guy back to that story relating to the bank of england. Governor Andy Beshear Lee says there is plenty of room for more monetary stimulus. He spoke at the feds virtual jackson hole event earlier. He talked about what is in the box. We are not out of firepower by any m