Boris johnson concedes a veto to parliament over his plan to illegally override the brexit treaty. Slumped after accusations of fraud by a short seller. The selloff deepens even if the company rejects the report. Good morning. Welcome to the program. Lets get to breaking news across the bloomberg. Capex andto go to the eu car sales. European collar sales falling 17. 6 in august after a 3. 7 drop in july. This is the story that we are essentially tracking. Europes car sales setback stoke fears over annual drops. This headline was written by our colleagues at bloomberg news. 18 slump snapped a three month streak of improvement. The result may indicate that subsidies are shortlived. We have seen that improvement coming through. Whether that has been a shortlived experience rather than showing underlying resilience, we will have to see. These numbers are not so good. We will watch the automakers as a result of that. Acrosso to the picture European Equity markets. The futures picture. We ar
Tens of billions of dollars. You said thats it thats the top of tech the nasdaq was 4400 that week uber High Valuation Companies and use that as your justification to reposition your portfolio. Im not fan of it. Doesnt really work. It makes for better tv than it does for portfolio you dont take a step back and say its 100 times sales this thing has an incredible first day and you dont take a pause. Its not the whole landscape and say i dont think this is good weve seen a million kpaemexs of this. Its not in the s p 500. Investors dont own this in their 401 k its not an important stock. Its a great stock to watch fp lets address it in those terms. Now the stock is getting crowbared. Kramer makes a point. We have this tweet he had on nvidia as well and zoom. It underscores, if you will, i think, very well the landscape and what may be a pull back in some of these loved names especially over the last few months for what its worth, i dont know what octa does. I think that is indicative too
Oclock. I am sequence question these days its hard to filter out the noise and keep track of whats really important the bottom line tackles the big issues that. States its people its economy and the way it deals with the rest of the world the bottom line. You see right. Now this is counting the cost on aljazeera your look at the world of business and economics this week as Oil Prices Slump economies shrink and austerity kicks in is this the end of the middle easts or oil rush also this week south africas unemployment hit a record high before the pandemic whats gone wrong for an economy that emerged from the 2008 financial crisis in a strong position. When you try to reinvent the wheel but turns out you may simply be the Worlds Largest taxi firm is this the end of the gig economy into fights and labor laws and courts around the world. All the commies are moving away from fossil fuels right now being an Oil Producing nation is a tricky proposition burning through money set aside for a ra
Investors concerned about rising Coronavirus Infections and what that means for the recovery. Global deaths are approaching one million with record cases in france and the u. K. The Trump Administration given an ultimatum over tiktok to delay a ban or respond in court. Ban isnt trumps due to take effect on sunday. ,aidi it was a meandering confused session in the u. S. Investors seemed to be trying to work out where the lead was. Investors weighing the scanned prospects of another stimulus package against a resurgence, the second wave we are seeing across europe and the u. K. Modest gains but the s p has wiped out all of its gains for 2020. Futures trading up by. 3 at this point. When it comes to the asian trading day ahead, the nikkei 225 regaining a little bit of positivity. Modest gains of. 1 , trading in the futures session in chicago. In sydney, we are watching as to whether this surge we have seen in growth shares will continue. The msci australia index jumping to a record high c
The 2008 financial crisis in a strong position. When you try to reinvent the wheel but turns out you may simply be the Worlds Largest taxi firm is this the end of the gig economy of fights and labor laws and courts around the world. The world economies are moving away from fossil fuels right now being an Oil Producing nation is a tricky proposition burning through money set aside for a rainy day and borrowing money from International Investors to make sure you can pay your bills its also a time many Big Oil Companies are thinking about leaving more oil in the ground many countries have failed to wean themselves off Oil Struggling to diversify their economies oil revenues in the middle east and north africa fell from over one trillion dollars in 2012 to 575000000000 and 2019 thats according to the i. M. F. And this year middle east produces are expected to 270000000000 dollars less than oil revenue at the same time middle east oil exporting economies are expected to contract 7. 3 percen