Debts are about 700,000. The Trump Administration dabs up its attack on chinese tech. Mike pompeo wants to cut ties well beyond just a campaign against tiktok. Alert on start with an the bloomberg. South korea announcing its surplus widening to 6. 88 billion. This is a recovery from the 2 billion level we saw in the previous month and recovery after logging a deficit in april. When it comes to the trade surplus, widening to 5. 867 billion. We have seen south korean exports slump, slowing in july. We are seeing an economic recovery in china and demand for semiconductors. Lets turn to Sophie Kamaruddin in hong kong for a check of the markets. What should we be watching out for in south korea today . Sophie we have more data coming out. Tourism revenue falling for a fifth consecutive month so the focus will be on the consumer sector. Of o have the likes reporting earnings. Consumer sentiment has rebounded for a third month in south korea and online spending will continue to be key as the
This week, the repo rates, the liquidity crunch, so here is the overnight repo rate that we saw on monday really going skyhigh. But since then, it is lower. The fed has entered the market, 278 billion dollars injected by the fed in the repo operations, trying to stabilize this system. Luke, it was on the set with the, he brought is a good chart the other day, this is the volume on the s p 500 going back to late last year. We can see at the time of the volatility, huge volume, whether it was outright or protection against greater downturn. Then stabilizing for much of the year, august going higher. Earlier in the year it was low, suggesting investors were not worried about the repo rates going hi, but since then volume has come up a little bit. But it is still relatively muted. Taylor roku is getting crushed, down 20 . We saw the starting last tuesday when apple announced their streaming service. Shares fell 10 that day. Earlier this week my paying spoke announcing this week my face but
And the nasdaq pole volting 9. 5 , it was the fang stocks that led the charge higher. Yeah, facebook Amazon Google and now alpha bet. Weve got a marvel there is still one more rotation going on. This time back into the nasdaq. What gives . How did these stocks suddenly get their groove back . First as we put out last week tech never really goes out of style. If its really good it just simmers and waits and then pounces. This is an ageold pattern yi urged to you buy these tech stocks while they were down rather than abandoning them. How is it that this doesnt always seem to work. For one thing these fang stocks truly have no flies in them. They have a good story to tell. When we have a major move into the industrials and they are stretched as they have been these uber tech stocks dont seem as expensive as the rest of the market. Take facebook. We know we need to analyze this stock based on what we call the out years. By some estimates facebook is trading at a slight premium to the avera
Surveillance video at a gas station in point rays. They believe these People Killed the hiker steve carter on monday. He was a well known tantric therapist. He was shot with his dog in an open space. The motive is unknown, but the sheriff says car thef could have played a role. All three suspects were arrested without incident outside a Community Dining hall in the city of portland, oregon. It is because of the hundreds of phone tips and information we received over the past 24 hours weve been able to piece together a huge puzzle. Reporter those three people are currently in Oregon Police custody. And investigators do not know when they will be brought back to marin county. They dont even know the identities of these three and dont know if a weapon was recovered in that car. And i heard doug pitt man talking about the Community Involved. But didnt dps play a role in this . Reporter pittman did not get specific. But he did say that they were able to track the vehicle up into portland, a
Start. Hopefully you have frost covered seats. We look at the toll plaza the metering lights will be turned on. Right now we are seeing heavy backups away from the maze. In san jose right now that is a look at 280 at highway san jose six or seven miles up north into cupertino with a brand new accident involving a motorcycle and that is affecting the commute. Developing news now crews are continuing their repair work to fix a menlo park train crossing after being damned in damaged in a deadly crash. We have more on impact on the commute. Matt . I talked with the supervisor for a timetable open repairs at the crossing and he has no timeline. You can see the workers are trying to get the crossing arms up. The good news we have seen the trains roll through including the first northbound train 10 minutes ago. This is video of yesterdays crash. A car was hit by a southbound express moving at 79 Miles Per Hour. Crews extricated the 30yearold female driver and rushed her to stanford. She died