Jobless claims. President trump scrapped his g. O. P convention as the coronavirus rages. Concerns that big tech is on a bubble. Welcome today break europe. The results came out a few minutes ago. 650 million. T was an estimated loss of 250. 1 million. Equinor posted an unexpected Second Quarter profit. They are on track to deliver on their plan for cutting costs of 700 million. It cease 2021 capex at 21 billion. It sees 20222023 at an average of 12 billion. A clear beat in terms of Second Quarter adjusted net and profit. Keeping the dividend and keeping the fullyear capex guidance on change and on track for cost cutting. Those are the main lines coming through. Well speak the the c. E. O. Coming up at 7 00 a. M. U. K. Time. Japan is closed. China is bearing the brunt of the losses. Red on the screen in hong kong and australia. A little bit of a weaker yuan. An increase in tensions between the u. S. And china given the news around the order of the chengdu consulate. Take a look at what
Benchmark Interest Rate at 0. 25 . That is expected. We had the debt maintaining it will continue with the policy of 0. 25 for the beginning of next year. They are maintaining the benchmark Interest Rate. This meeting coming after four new cases ending new zealands 100 today virus free run. Perhaps more later on. Auckland back in lockdown. A lot were surprised about the resilience of the economy. They have to weigh the global risks, as well. The qe purchases are interesting, as well. Most werethey have to weigh thel a bit historic pick for joe biden, the first africanamerican. Pick for Vice President. And the first asianamerican. And some say it will help propel joe biden to the white house. Lets bring in Jodi Schneider to talk more about this decision. It seems this was a no surprise pick from joe biden. What does it tell us about the Democratic Party . First of all, joe biden said he would pick a woman, so thats not a surprise for his Vice President ial running mate. It was thought h
U. S. . Moving on to some currencies, dollar weakness is still a trend at play. We are seeing that play out for the offshore cnh strengthening at around seven. In terms of the yen, 106 is the crucial level for that. Higher option volatility. In terms of hong kong, we are focused on the newtek tech index as part of the conversation. Aussie dollar currently up. 3 . Dollar weakness very much part of the play there. Lets look at what is happening with gold. It has been on a tear, and we are getting close if not touching now record highs. Gold futures above those record 1944, close to 1 gfain gain in terms of futures. I believe the record was around 1923. Looks like we are about 1 or so away from that record price. Its 1923 or 1921. Anyway, we are edging close to that record price. Weakness. Lar silver gaining close to 2 . The 10 year in the u. S. Yield is a little below 0. 6 . Rish. Rishaad were going to bring in banny lam. Welcome to the program. We just outlined, at least tom did, outlin
Raleighdurham. The president is about to step out of that plane. I can tell you right now, we are going to be there with cameras because back in d. C. , theres another huge story developing. The congressional antitrust sharks are circling. In less than 48 hours, jeff bezos of amazon, apples tim cook, google alphabets Sandar Pichai and mark succeed you azu facebook will be the ones in hot water. It is the First Time Ever that all four will simultaneously be taken to task by law makers. If congress is smart, okay, i know, if congress were smart, they would get suggested questions from this guy. Basecamp cofounder and chief technology officer. He hes the only one who has taken on three of the four and lived to tell about it. He will reveal the number one question he says congress should ask each of those tech titans that he says will cause crumbling. Plus, could a new u. S. china ticking time bomb threaten social medias hottest name . China economic insider derek scissors gives his threat
The elon musks qualifies for a package as teslas average market valley reaches a milestone. The big test comes today as the electric car maker reports. Welcome to daybreak europe. We are seeing a little bit of a mixed picture in the as ingestion, perhaps slightly slower for asia index. We have some breaking news coming through just now. Akzonobel saying covid19 will continue to impact the second half of 2020. It also says that headwinds related to covid19 eased during the quarter, so that is a quarter they are reporting on in terms of the Second Quarter. Saying that results showing a strong focus trying to get through the rest of the line on that headline. Basically in terms of the quarter we are reporting for the Second Quarter, covid19 eased headwinds related to covid19 eased but it will continue to impact the second half of 2020. Akzonobel saying it suspended its 2020 financial ambition due to the pandemic. That is the guidance coming through from akzonobel. Coming up, we will speak