This is boom bust the one business show you cant afford to miss youre born washington coming up the gavel has been struck in the United States has decided to ban popular apps tick tocking we chat as china u. S. Tensions continue to climb straight ahead we break down the social media crossfire plus the fate of a Coronavirus Vaccine has a glimmer of hope as experts are aiming to have one on mass production by the end of 2020 well take a look around the globe at the state of cope 19 infections and where we stand with here and later space x. Has hit turbulence launching startling satellites as the private sector has set its sights on Space Exploration with a packed show today so lets dive right in. And President Trump has made his decision rejecting bite dances compromise of selling a portion of their widely popular social media app to talk to us Company Oracle now the president has now announced that tick tock will be banned in the United States on app Stores Beginning sunday the Commerce
Has hit turbulence launching starling satellites as the private sector has set its sights on Space Exploration with a packed show today so lets dive right in. And President Trump has made his decision rejecting by dancers compromise of selling a portion of their widely popular social media app to talk to u. S. Company oracle now the president has now announced that tick tock will be banned in the United States on app Stores Beginning sunday the Commerce Department said friday that as of sunday any moves to distribute or maintain we chat or tick tack on an app store will be prohibited this means that while users who are already have downloaded the apps may be able to continue using the software the Restrictions Mean updated versions of the apps can not be downloaded joining us now to discuss our boom bust cohost bents want to christiane theyve become the story with us all week long so thank you so much for that theres another twist on a friday ben i want to start with you because even t
The chinext is lackluster here. Indonesia coming online. The futures are not going anywhere in singapore today. We are watching that dollars story once again. The dollar weaker here. We did see the pound falling after the bop made the clearest signal yet that it may be considering negative Interest Rates. 104. 81 for the dollaryen. Take a look at crude. You better not be challenging us. You are watching a bit of a bid for iron ore. Global coronavirus cases have no topped 30 million with more than 940,000 deaths. Reported the most cases since the lockdown in may. There were more than 10,000 new infections. The northeast of england is introducing tough new restrictions. The bank of england has given the clearest signal yet that it may consider cutting Interest Rates to below zero for the first time in its history. The policy is part will be a similar move shortly after. Here in the u. S. , the Federal Reserve has started the second round of wall street stress tests. Unprecedented restrai
World. India is expected to become the pandemics worst hit country in the coming weeks, surpassing the u. S. , where more than 7 million cases have been reported. A lack of social distancing and mask wearing is hampering containment efforts. According to a new book from a former staffer, President Trump considered naming his daughter ivanka as his 2016 running mate before nominating mike pence. Revelation comes from rick gates, who in the summer of 2016, was the Deputy Campaign chairman and later became a star witness in the collusion investigation. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories from around the world we are following. Stocks are higher around the world as we approach months and. After
59 minutes left to trade, kayla. And that green screen is not something we have seen in a while. We have a big show ahead today on closing bell. A big deal for big steel well talk to the ceo from Cleveland Cliffs and his outlook on the economy later, sneaker startup all birds scoring 100 million in fresh funding. Valuing the company at 1. 7 billion the coceo will join us to tell us how his Company Plans to spend that cash and well have that later on in the show. Lets focus in on the big show were tracking to days rally. Theyre covering the latest tensions in the tech cold war with china start us off on the Broader Market and what youre seeing behind the scenes today. Yeah. Market making the case that last weeks lows and got some traction near the levels its not Something Else tachlt a look at the s p 500 year to date all the indices have a similar look with different mag any tudz we were talking about this level for a long time. This is where we hit the lows a few times last week aroun