Anchor alibaba investors headed to hong kong. Under threat for the covid19 resurgence, the Unemployment Rate will jump in the next two months, and the republicans launch their National Convention on monday, with a new poll that suggests their supporters like the economy and the government handling of the coronavirus. Lets get a quick check of how the markets are trading, up 2 10 of 1 , this, of course, after we had another rally on friday session, the nasdaq gaining 4 10 of 1 . Data,e plaza positive and a record in july helped by chief borrowing costs. Homebuilders lead that round in the s p 500, which was up for a fourth straight week. We have seen really records for the s p in the last week, and the sector that gained the most ground was tech. In the moment, Holding Steady after gains on friday, but we trend, down around 10 since the march i. Taking a look at what oil is doing, reversing some of the losses we saw on friday, above 42 a barrel at the moment. We saw it pare back the wee
Negotiations to sell the short form video app u. S. Assets say the ceo wants it and sees it as a prize. We should tell you the bid for tiktok which reports say could go as high as 50 billion are due this week. President trump has said if theres no deal by september 15th to sell its u. S. Arm to an American Company, he will ban the app. Tiktok sources tell us the company has witnessed not just an american but an international rush to download the app ahead of the possible ban. President ial trade adviser and China Hawk Peter Navarro is about to join me live to talk about the bidding battle for tiktok and what has sparked the administrations ban threat on the chinese social media disruptor. Is there evidence hes ready to reveal . To the nasdaq, racing toward a fifth record close in a row, its longest string of backtoback alltime high finishes for the year and the s p not far behind, gunning it towards its fourth record close in a row. A catastrophic category 4 hurricane expected to slam
Yesterday. It ended with new records for the s p 500 and the nasdaq, check out this nasdaq, up 86 points, three quarters of a percent, s p 500 up 12 points at 34, 43, unchartered territory. Violence erupting in wisconsin for a third night in a row, the gun battle in the streets leaving two people dead. Weve got the latest. Hurricane laura a category 2 storm, it is gaining strength, barreling towards texas and louisiana. Well take you live to the gulf coast this morning. How far did it go . New details in mcdonalds investigation into steve easterbrook, examining if he and other employees covered up misconduct. Peloton ready for the ipo, giving investors a look at its finances. Finding your happy place, the surprising spot more americans are going to relax. Mornings with maria is live right now. European markets this morning are mixed, take a look at the fq100, down 9 points, the cac is up 8, the dax in germany up 60 right now, about one half of 1 . In asia overnight markets were split,
Hes dedicating a lot to say. What i want to east makes the woman. 0. Hello there on a cloud this is counting the cost on aljazeera look at the world of business and economics this week mozambiques troubled road to becoming the worlds 4th biggest gas exporter a debt crisis and an equal society and an islamist uprising near its most valuable gas fields. Also this week an epic battle to challenge apples grip on its store a multibillion Dollar Gaming Company taking on the tech giants and the regulators watching from the wings. The mighty dollar. Ends its dominance or is that Wishful Thinking on the road to a currency. In time mozambique will become the 4th biggest exporter of gas but right now is fast becoming the most Unequal Society in Subsaharan Africa the promise of gas riches could not come quickly enough for a nation. Scandal that plunged the country into a currency crisis and debt default almost 4 years on the pandemic and insurgency in the far north where the country has its most v
Another one coming in half an hour from now. Lets go through the techs because they are obviously doing well. Apple, you have to share with apple, tens of millions of shareholders, up again 3 bucks higher, 137. Amazon, now well above the 3,500dollar mark, the company is worth over 1. 7 trillion. Microsoft, also worth 1. 7 trillion with another record high. Up another buck today at 228. We will bring you the rest of the tech titans in a moment, just wait till you see zoom and how much its worth. Politics, you are going to see a sharp contrast in Campaign Styles today. The president continues to fly all over the place answering reporters questions whenever possible. Hes off to North Carolina today. Joe biden will not be getting on a plane when he travels to wilmington, delaware. He never goes far and shies away from reporters questions. This is becoming a political issue, favoring President Trump, hes out and about almost every day. Joe seems unwilling to abandon his basement strategy an