Billionaires index. Raise 30 5ting to billion in hong kong and shanghai. Aviation in australia. Alice springs emerges as the ideal place to store passenger planes left idle by the coronavirus. Shery. Shery breaking news out of south korea. We are getting the preliminary thirdquarter gdp numbers and we are seeing the quarter on quarter the economy has grown 1. 9 , which is beating expectations of 1. 3 and this is also coming after its first recession since 2003. We saw a contraction of more than 3 in the previous Second Quarter. Youre on your, still a contraction of 1. 3 but its a much smaller contraction than was expected and it is also a contraction that has eased from the previous quarter. We have seen growth and strength when it comes to south koreas exports and manufacturing industries. Thirdquarter manufacturing actually growing 7. 6 quarter on quarter when you look at the details in the gdp numbers. We have seen the rebound in china. South koreas biggest trading partner helping i
Points or 1. 5 . So as wall street presses the sell button, a dramatic move. The struggling Hotel Industry shouting in a letter to the president to bypass pelosi and Senate Leader mitch mcconnell. One of the signers, the ceo of best western hotels, live with us on the roadmap they are hoping the president looks at and maybe follows for them. But as the markets reflect the angst over the rescue package status, you can see this with the dow intraday picture, the latest company to nab a ticket to the 2020 spacpalooza is flying high. The banking giant who now on her fourth spac will tell you why she picked the Digital Payments company to take public. Its first day of trade is today, right now. Wait until you see what its doing. But lets get to this fox business alert and breaking news. To prescott, arizona where President Trump is expected to appear at the first of two rallies today in the grand canyon state but with just 15 days to go before the election, it was his comments on the tarmac
The red. For the fifth trading day in a row. That is the longest losing streak for the nasdaq in more than a year. The president is holding his first arizona rally of the day. First of two. Mr. Trump heads to the tucson area after he wraps up in prescott. Im speaking to voters on the ground in Maricopa County, talking to them about issues that matter to them. A lot of coming up in arizona. First with fox Business Team coverage. Jackie deangelis with news in new york. Beginning with blake burman in the the white house. Blake. Reporter father one of those phone calls with nancy pelosi speaker of the house and treasury secretary Steve Mnuchin was supposed to begin an hour or so ago. Theyre not trying to hash out the top dollar figure but all the language underneath it. For example over the weekend of the speaker of the house wrote to her democratic colleagues the language white house changed or white house negotiating team changed related to testing simply didnt cut it. This is what she w
Closer to the mainland. Wrapping off the iphone 12. It is bigger, pricier, and supports 5g. It could trigger a wave of growth. Lets get a check of the markets. We are seeing u. S. Futures under pressure at the open. This after u. S. Stocks retreated from sixweek highs during the regular session. Prospects for us fiscal for a fiscal stimulus have remained stalled and we have mixed corporate views. The s p 500 lost 0. 06 , nine sectors were down. Financials leading the declines. We had a positive start for Bank Earnings but they went south of her investors took a look at reserve relief and Regulatory Risk. 0. 1aq composite, down percent, apple shares tumbling after the release of those latest iphones. Giving up some of the big gains we saw ahead of the event. Oil is under pressure, but still above the 40 per barrel level. It held onto gains in the new york session. This after data from china showed robust crude imports but we did get an executive director shuttered restart of output may
Elusive. And suppose he says the house is. Transformed samsung into a global tech giant has died. Paul lets take a look at the markets right now. The asx in australia has just opened for trade at the start of the new week. We do have a staggered open. Pretty hard to get a bead on things. Pretty flat at the moment. We are waiting for cocacola to open on the news of this deal that the European Partners are moving to acquire the Company Valued at 9. 3 billion to underscore some of the consolidation going on. The aussie dollar holding a threeyear gain as the u. S. Stimulus talks continue to drag on. U. S. Futures looking a little weaker as well as nancy pelosi and mark meadows but he might accuse each other of quote, moving the goal post. Nikkei futures are pointing weaker as well. That is going to be a busy earnings week in japan. Starting off with kanaan reporting today with cannon reporting today. Lets start off with china at where the leaders are gathering in beijing to map out the fiv