3000 jobs will be cut under bains new ownership. Bain capital ownership, which in addition to these details relating to jobs, we are also expecting to hear about aircraft fleet and the future as well, this after bain bought Virgin Australia in what is a pretty bold that on an industry that has been shattered by the travel restrictions and the coronavirus pandemic. Virgin australia committed to regional and charter flying. Of targetsindication and priorities when they are restructured in addition to 3000 jobs being cut. Also getting data out of australia. Manufacturing pmi, services as well as composite index coming through. Dropping from that preliminary number for july. The composite number of 67. 8 also a little bit weaker. The performance of Construction Index coming in at 42. 7, higher than 39. 5. Lets take a look at the aussie dollar. Largely to do with the situation in victoria. We have that renewed lockdown, stricter stage four restrictions. At this time, later on today and tomo
Just one thought on the s p and evaluation. Bp cut the dividend yesterday. Now, biggest obstacle to the s p 500, this is one a reporters row yesterday. Wrote yesterday. They are cutting dividends by the most since 2009. I was going to say does that matter. Obviously the market, the index does not seem to be bothered. That, myl of risk is allocation in the United States of america . From the original perspective, but in terms of the shareholder payout, it is for sure all over the world you are going to have buybacks. Japan, it is more of a dividends haven. The fact we have 5 combined yield in the u. S. , 3 buybacks, this is cut by half this year, you are still going to be better off and having some real yield in your portfolio. The yield environment is still raging. To not beo make sure penalized by the slow Interest Rate environment. Great to have you on the show. Lets get the first word news. Massive explosion rocked the city of beirut. The video we are about to show his intent. The b
August 15 but also continuing down. 7 the nikkei and the futures in the u. S. Are looking lower as well. Data expected out of the u. S. Later today. And in terms of looking at some of the currencies in the region, we talked about the bloomberg dollar index. Down about. 10 . Dollar weakness is essentially beneficial to equities in this part of the world and currencies as well. Aussie, thats what youre looking like, essentially flat and new zealand had jobless numbers that came in less bad than expected. The kiwi dollar up. 2 . Lets move on to some of the commodities, gold again looking strong and well, above 2000 an ounce, a little bit of weakness in the last hour or so, down about. 2 . Terms of oil were looking at the beirut story, the port explosion there and there was concern that have geopolitical tensions emanating from that. Thats the yield picture in the points. St over 10 basis rally washe dollar rather short, and then weve got gold, the inverse correlation back at the moment. T
Receivedlated budgets some of that attention. Mr. Gates is confident that the proposed cuts wont make it all the way through congress. Former president george h. W. Bush has been hospitalized with pneumonia. Mr. Bushs 92. According to a family spokesman, he remains under observation and will not be discharged today. But looks forward to going home soon. Global news 24 hours a day powered by more than 2600 analysts inand over 100 20 countries. Im mark crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york. Joe we are 30 minutes from the close of trading here in the u. S. Scarlet u. S. Stocks falling to session lows. All major indexes, i should say the down the s p negative. The nasdaq still hanging on to gains. Joe the question is, whatd you miss . Has beenbill oreilly forced out of his position at fox news. The warning signs are getting darker. The biggest money manager told bloomberg today about what he thinks poses a risk to markets. Earnings so far have been
Its a beautiful morning in las vegas, nevada. We have 24 hours left. Hillary clinton is hunkered down. She did this in the previous die baits. Donald trump likes to get out there and rattle supporters in wisconsin. Bill the newest f. B. I. Wikileaks documents show a quid pro quo, compare iting to one of the most ina snuls scandals in the u. S. History. She is compromise your safety and your familys safety as though it meant nothing to her which it didnt. This magnitude is worse than watergate, whats going on, in my opinion and the opinion of many in law enforcement. What does she get from that . She gets to run for the presidency of the United States. Explain that. Martha john roberts is live with us. Reporter the documents show there was a quid pro quo between the f. B. I. And Hillary Clinton on the investigation. The f. B. I. Documents show undersecretary of state offers the classification as part of a quid pro quo. This is felony corruption by any standard. Undersecretary kennedy ne