And the markets already have a little bit of a hangover, seeing double vision the day after celebrating the dows historic leap to 30,000. The dow and the s p are down. Dow is down about 193. The s p lower by 7. But the nasdaq is sprinting to a record high. Will we see a record high close for it . We will be watching that and much more in this final hour of trade. Los angeles is exactly ten hours away from officially shutting down all Outdoor Dining for three weeks to try and get ahold of the superspreading of the coronavirus. Now we are getting word that the Companies Ready to move record numbers of your online holiday packages may have to shove those aside temporarily in order to deliver lifesaving covid19 vaccines when they are ready. But thats great news for iheart media whose live concerts precovid attracted hundreds of thousands the arenas around the nation. The stock has nearly tripled from its lockdown lows. The ceo bob pittman is here with the radio giants new secret weapon as
Facing. Really reminiscent of that merce outbreak in 2015. We saw that 10 billion extra stimulus package back then. Because of this, we are seeing the markets under pressure, but one exchange that im watching is small caps in china. Actually at the highest level since october 2016. We have seen those pboc Monetary Policy measures. Not to mention more news that china could be taking over a hardhit industry. Lets get a broader check of the markets with Sarah Ponczek. Pretty much Everything Else is now trading in the green as the trading session does progress. We have seen markets turn lower under further pressure. 0. 2 but still on track for its best week since june. The hang seng now down 1 . Many times this week we have seen the benchmark approach 50 day moving average, but we have seen it fail as we have seen today. The nikkei roughly flat, but modestly lower. After trading as high as a half percent early on. Then we see the south korean kospi and underperform her across the region on
That is after that lackluster session on wall street. Divisional benchmark stalling after a fourday the regional benchmark stalling after a fourday gain. The nikkei future five on the retreat. Front, had on the data japanese retail sales showed a presales tax hike boost in september. That may further encourage the boj to hold fire as domestic demand has been holding up. The hun sen is under pressure as investors have to consider this. The hang seng is under pressure after investors have to consider a weak economic future. Checking on the aussie. Third quarter inflation met estimates. The yuan is holding losses. The chile trade deal being signed. The pound is going nowhere. That continued delay on the traderexit and picture, that has pushed volatility near an alltime low. Pricing markets are seemingly and into the shocks. Lets go to first word news. Kongsstart with hong chief executive carrie lam. She says the nearterm outlook for trade and dismal. She says the economy grew. 5 percent.
Longestks based their alternatives from beijings perspective. If they remove her, they are losing streak since the 1997 conceding to protesters. Hangover. Gun control is back on the u. S. And then there is a question of who they replaced her with. Ocean agenda after double it is helpful from beijings shootings leave at least 30 dead perspective to have carrie lam in texas and ohio. Absorbing all of the criticism, shery ahn a quick check of the markets closed. The pressure and in a way protecting a local crisis from it was a risk off week. Becoming a national crisis. Paul if we bring this forward seen such a big clock or rid to 24 7 which selloff in the weekly basis since december of last year. Marks the expiry of the one that was when the fed turned down this. Country, two systems deal, everything leading up to that, tech and Energy Declines on the s p 500. Why draw a line in the sand now . The nasdaq is down almost 3 . People understand 20 47 is not the real fight. The trade outlook i
Finance minister. President trump says Jerome Powell and his team dont have a clue. Haidi we saw shery we saw a downfall while the s p 500 was down. 2 of your declines on the s p 500. We have a very strong u. S. Jobs two hundred 24,000, beating expectations. That leading to traders curving back the fed rate cut expectations to the treasury yield, the 10year yield come at least 2 , and equity markets fall from highs. We see futures unchanged at the moment. Shaping upow we are for the asian markets. Could be looking at a riskoff session today with stocks already under pressure in wellington. Some we could see in tokyo. Futures are pointed higher. The Tech Industry navigating japan. The south korean president yesterday moved. 200 is set to lose points, but it is not too far off from the alltime high off of that mark. Checking in on the turkish lira, after falling as much as 3. 5 early in the asian session, we are going to see more action when money comes on long, facing backlash from pres