The heated rhetoric not helping the markets at all as we head into the final hour of trade. Neither did the weekly jobless claims number that came out this morning. It rose for the first time in 15 weeks. Then you have goldmans morning call that apple is bruised and should be tossed from your portfolio. Weve got red acheck it here. Dow down 341. S p down 38. The nasdaq down 227 points. This china situation, American Farmers dependent on selling their product to china, are bracing to be pawns once again. We will talk exclusively to a wisconsin soybean farmer about how his business was first affected since signing of the phase one trade deal and who knows whats going to happen to that phase. From massages to a whole different business of medical testing. How one chain flipped Business Plan to survi the covid crisis. Weve got the ceof express supspa group. They have the airport chains where you get massages. Hes here to tell us how hes pulling the 180 and offering covid tests. Its a fox b
33 . Jobless claims rise for a second week with 17 million filing for benefits. International condemnation of hong kongs decision to bar a dozen prodemocracy candidates from Upcoming Elections as chinas new security law breaking news out of south korea. We are getting june Industrial Production numbers and they are a strong beat for the month on month numbers for june, a growth of 7. 2 . The estimate was for growth of around 2 . It is also coming after the previous number was revised downward, so its a bigger beat than expected. The year on year number still in contraction but only up. 5 percent. The expectation was for a plunge of 5 . The previous number was revised downward. We have seen a little bit more optimism. Manufacturers confidence in south korea rising. We have seen export declines starting to ease. Chinese demand rising, not to mention demand in the chip industry as well so the month on month number really a pop up 7. 2 growth, haidi. Today would be an interesting litmus te
150,000 mark as texas, california and florida see record fatalities. Infections spike in china, hong kong and japan as well. Hill. Tech titans on the the ceos of amazon and alphabet and Facebook Face a virtual grilling over antitrust. Haidi lets get you started with a check of the markets. U. S. Futures opening flat, slightly higher that by. 1 . This after we saw u. S. Stocks extending gains in the regular session, the dollar declining estate as dovish as possible. The s p 500 gained more than 1 , adding to the july rally. 11 sectors were higher with tech leading the way. As i mentioned earlier, we are seeing that big tech antitrust showdown in congress ongoing at the moment. Nasdaq composite and at 1. 4 high. At a oneweek. The dollar weakness really resumed with the fed sticking with low rates. Look at what oil is doing. It has been the weak dollars supporting oil prices. We continue to see these gains of 41 a barrel. It was also propped up in the new york session by the biggest decli
Approaches. But we took we sent a strong signal to europeans and the rest of the world that we share values and that the union is a you get a values and citizens and that it can answer with strength and in a robust area if needed. European stock futures push higher but the euro dips on the news. Global equities already receive a tail as an Oxford University trial shows promising results. We will be watching novartis. The group ceo joins us this morning. Resume buybacks quarter. Intenseur days of negotiations, eu leaders have agreed on a landmark stimulus package that will see the block help 750 billion euros to Member States mitigate the downturn. Maria tadeo is in brussels. Great to have you with us. Take us through the details of the deal. Aria what we know is that the deal came in at 5 30 in the morning. Everyone here is putting a very positive spin on the news. We heard from Angela Merkel, saying this is an historic moment. Emmanuel macron also saying this is a breakthrough moment.
Actually, if people are lawabiding, they never think about endangering National Security, there is no cause for concern whatsoever. Is if therelegation is a National Security law in hong kong, the law should be enacted in hong kong by the Legislative Council. It should not be happening in beijing. The Hong Kong Government has been kept in the dark and the process. Again, this is wrong. Firstly, this is a national law. Of course if it is International Law it will have to be decided how to enact the law. Now, basic law states clearly that for matters of national , thise or Foreign Affairs is a matter for the cbg. No one would question that National Security is something outside the high degree of autonomy. Its a matter of sovereignty of the country. 18 after basic law, theres a process that allows National Laws to be added for implementation through hong kong through a specified procedure. The third point is the political reality. If you believe given the current political reality, given