Expiring ones. The dollar index in weakness, 1200 right now and continues to slide down over the past four weeks. The dollar moving average 200 day the lowest average in recent weeks. Citi says looking at a 30 possibility that gold will get to 2000 an ounce in three to five months. Stocks rebounded yesterday after slumping 5 . China up 1. 3 , turnover has receded from its highest levels since 2015. The hang seng up 1. 6 , biggest increase since july 6. Tencent adding 5 . Alibaba is the one to watch, surging 5 . Ant financial look at where we are in terms of the Southeast Asian markets. China up by 0. 5 . Sti up 0. 7 . Theaad we also have European Union leaders running a policy marathon as there planned two day meeting to pass a massive Recovery Fund. In the u. S. , republicans and democrats are starting to hammer out a budget plan this week. Our policy editor Kathleen Hays is with us. In both cases, agreeing on a we are getting some murmurs of an agreement. We certainly are, and we kno
Good morning. This hearing will now come to order. I am pleased to welcome our distinguished panels of Witnesses Today on the economic subcommittee focusing on a very important topic and i think theres a lot of bipartisan interest in and that is the economic geostrategic challenge with the rise of china poses for the United States not just today but in the future. The calmness party led peoples republic of china through unfair treatment practices and intellectual property theft market manipulation and very prominently in my view not reciprocal treatment not just in the economic realm but in many realms has been a force in the Global Economy that undercuts the resiliency of the u. S. Economy. Its been one of the worlds fastestgrowing economies averaging close to 10 growth from 1979 to 2015. In 2014 china overtook the United States as the Worlds Largest country in reducing power according to the International Monetary fund. I believe there is a strong bipartisan interest and hopefully we
Well talk to an influencer and you have no idea how much i want to be an influencer about how she is making money on tiktok. Later, godiva chocolates is remolding its business amid the coronavirus pandemic the ceo will be here to tell us whats working and a lot is working for this company in the consumer space power lunch starts right now thanks welcome back welcome to power lunch. You can see that tech continues to dominate the market today the sector up more than 2 outperforming everybody else thats in large part to apple up 3 today shares of apple are now up about 50 on the year. Its been an incredible run. That brings the companys market cap to 1. 9 trillion and change. Were within tuouching distance of a 2 trillion dollar market cap. Also take a look at nvidia today. Its up more than 85 this year. Nvidia has been a monster. Tesla up about 4 to just under 1500 share. Theres one wall street analyst chasing shares well have those details shortly. Tyler, back to you congressional lead
Infection rates low in tokyo but hong kong says the situation is increasingly severe. Jack ma looks to make more headlines. He is aiming for a 200 billion valuation with between listings in hong kong and shanghai. Look at how take a we are setting up when it comes to the asian open. We have a lot of positivity carrying on from that session. Investors are backing that buy the dip trend. The nasdaq hitting the alltime high. The s p hitting positive for the year. S p active futures contracts a little bit lower at the moment but it seems like the positive. Evelopment on vaccines trading sideways if you will. The dollar was broadly weaker in g10 except for the yen. We had Dollar Strength and yen weakness overnight. That is the handle we are looking at ahead of Inflation Numbers out of japan and getting machine tool numbers as well as some Retail Sentiment numbers by way of Department Store sales. Crude and gold were both a little bit lower in the asian start to the session. Some positive de
One trader says this rally has more room to run your rbi on this thursday, july 16 more ahead on cnbc. Good morning from wherever in the world you may be watching thanks for joining us this thursday morning dow futures have an implied open down around 200 points futures you can see off triple digits fair action higher all of this after the dow capped a fourth straight day of gains the index crossing 27,000 for the First Time Since june 10 leading higher was boeing coming off its best day since last month. In technology, no win street yet. It has been weaker in the last couple of days it is still close. The level to watch, 10,617 would give us a new record still watching shares of moderna. Still in focus it is higher right now after closing well off its session highs. At one point, 88 a share. Investors tempering. Tens of thousands of robin hood traders taking free new positions in moderna stock just yesterday. Around the world, things are Getting Started in europe. They are in the red.