1 10 of 1 . Minor gains for the australian and china markets for the shanghai composite. Situation with regards to the equity markets, what about some of the other Asset Classes and play . We can have a look at those. Take a look at the oil prices, retreating at the moment. You need currently, what, 41 essentially for a barrel of wti, 41. 09, moving to the downside. Stockpile to the upside. Gold not much of a haven, dollar index moving to the upside, the dollaryen currently stronger. It has been moving quite rapidly to the upside. . 11 currently for one greenback. The sec is pushing ahead with a plan that could see chinese come these kicked off of u. S. Exchanges. The intent to cap crackdown on companies that dont comply with rules that require an audit. That could hurt big names like alibaba and baidu. Tom, it looks like the sec is in a hurry. What is it proposing . Tom absolutely. The since we are getting as they are stepping up their preparations for this new Legal Framework that ag
Cfo about why all the m a is going on and how billionsof dollars vanished in hollywood as the screening giant shuts down completely it is thursday, october 22, and this is Worldwide Exchange. I think video killed the video star, answer that the anyway, welcome from wherever in the world you may be watching. Thank you for joining us well get to that squibby story in a few minutes but right now here is how the Global Markets are setting up their day. Stock market, well call them done to maybe flat nasdaq a little bit in the green, all this after stocks closed down yesterday, dow slipping 100 Investors Holding out hope for a stimulus deal and also starting to worry more about the election more on that in a few minutes. Major indexes all on pace to snap their multiweek win streaks. Nasdaq down slightly more. And today well get jobless claims number out at 8 30 as they always are on a thursday. For the first Time Applications may be coming in at 875,000 like they did in the latest week. Las
Well be getting tomorrow. The nasdaq, as i just mentioned, outperforming once again those big names, netflix up 5 1 2 , tesla, amazon seeing strong gains as well with just 59 minutes left of trade. We are higher still on the s p but not on the dow anymore the nasdaq remains in the lead up to 0. 9 coming up on the show, shares of draft kings have doubled since they began trading in april. Today they announced a new way to bet on one of americas most celebrated fourth of july events well discuss with ceo jason robins coming up dennys, new effort to raise cash whats facing the Restaurant Industry in these uncertain times. But lets focus on the big stories were watching today first of all mike santoli, meg tirrell, pfizers encouraging vaccine news and highlights from the fed news minutes ago. Breaking news on apple josh has it for us hey, josh. So wilf, more apple Stores Closing as covid19 cases rise specifically apple saying its going to reclose 30 Additional Stores in the United States t
And allowing the government to negotiate medication Prescription Drug prices. And for residents and homers to stay in their homes during the pandemic. Live coverage of the house. The speaker pro tempore the house will be in order. The prayer will be offered by father conroy. Chaplain conroy let us pray. God, thank you for giving us another day. Those who omfort suffer from coronavirus. Healing. Bless and comfort those who mourn the loss of loved ones in wake of covid19. Psalmist, we turn to you. Have mercy upon us, o god, for treated harshly. Harshly all t us the day. Attackers. Re our almost high when we are afraid place our trust. We praise the word of god. Not fear. N god and do all the day our enemies foil our plans. Their every thought is of evil against us. Lie in wait for our lives. Our threats are many, o god. Unrest in Police Reform, aggressive russian and policies, a struggling economy. Our time of need. Bless the peoples house and may that is done be for your amen. R honor a
Winning streak lets go to bob with more on the market bob. Its a little bit of indeterminent trading. We have been trying to get over the end of april highs we would break out of there and well be to the march. We have been stalled out here. Take a look at the sectors here. You can see in front of you, reits down banks have been drifting lower all month. Consumer staples out performing a little bit now down as much a couple of news announcements the fed niensannounced they wer going to start buying the Corporate Bond etfs. This has been real winner for people who tried to front run the fed anticipating they were going to be doing this up 16 in the last month wells fargo, all sorts of Corporate Bonds. Ge capital bonds are in this thing. The other piece of good news or interesting news is pnc. They own 22 of blackrock. They own i shares. They are selling that whole stake. This is one of the greatest invest ms of all time. They made need it for capital, Capital Improvements overall a lot