With the dividend although it will be far lower than last years. Hong kong media tycoon released on bail. His broken National Security laws beijing has branded him guilty. Breaking news out of south korea. We are getting Unemployment Rate numbers, and again, surprising to the upside. They fell to 4. 2 in the month of july, this after surprising to the upside the previous month, falling to 4. 3 in june. Of course, we have seen more job creation efforts. In fact, we just heard from south koreas Ruling Party Leader saying south korea will actively consider a fourth extra budget if needed. South korea has already pledged more than 225 billion in stimulus measures or roughly 14 of gdp to help put a floor on the jobs market, and right now, the july Unemployment Rate falling to 4. 2 . Lets turn to the markets and bring in Sophie Kamaruddin in hong kong. What are you watching . Korean alongside the jobless numbers, we are waiting on Australian Consumer confidence, due out later this morning, a
Points the s p which is then up five out of the last six weeks and up the last six sessions in a row is up by 5. 5 this morning and then the nasdaq which has been this incredible out performer for months on end is the other performer this morning its down by 13 points but remember nasdaq was only down friday after being up for several sessions in a row. Setting a new high every one of the closes. The s p is less than 1 from its all time high. Its up back in february the treasury markets youll see right now. The treasury yields are where they have been the ten year is at 0. 556 . Melissa. We have an update on the pandemic the United States surpassed covid cases. It took just six weeks for u. S. Covid cases to double. The growth appears to have leveled off at an average of 54,000 per day over the last week in College Sports news over the weekend the mid american conference scrapped its all football season delaying all fall sports until the spring of 2021 the logistics were too complicate
Hong kong Police Arrest a media tycoon and prominent activist jimmy lai after the u. S. Penalizes the citys chief executive carrie lam. 15 ,s in next digital get dip 50 only to reverse losses. The inflation debate. Investors look ahead to u. S. Ppi and cpi as global debt with subzero yields top 16 trillion. A ton of negative that out there. Bob prince tells bloomberg a pickup in inflation would be mind blowing. Frome under an hour away the start of cash equity trading in europe. Lets take a look at futures this morning. Looking at gains across European Equity indexes,. 8 of the gains you seen on the widely traded euro stoxx 50 futures, also on ftse futures. In london. Dax in frankfurt. Looking at games on the u. S. Futures picture. Tradings p minis stronger than nasdaq futures, but you still see green arrows, so it could be a risk on monday to kickoff the week. Lets get the first word news with laura wright in london. Gates billionaire bill says it is mind blowing the u. S. Has not imp
China has now sanctioned almost a dozen u. S. Officials in retaliation after the u. S. Sanctioned several chinese officials last week. We are standing by for the president to deliver another is briefing after he signed four executive orders over the weekend on issues including payroll taxes, student loans, while lawmakers are still negotiating a possible broader relief bill. Joining us to discuss, abigail doolittle, looking at the ups and downs. Were there any clear drivers in one direction today . Abigail there really were not. Then, the bulls were out, we reverse lower. The nasdaq had been lower all day. But we saw today is what some are calling the reopening rotation. Some of the cyclical sectors, those climbed. As we saw those sectors climb, that is when some of the tech stock. Apple rebounded. The dow also backfire. The nasdaq did not make enough. Seventh update in a row. Longest winning streak since 2017. The russell 2000, that shows that divergence, the more value and cyclically
But is important for children and families. He ended with a threat. May cut off funding if not open. And just yesterday, he said, quote, my view is the schools should open. He this thing is going away. It will go away like things go away and my view is that schools should be open. The president views the decision about how to reopen schools as a political dispute about his own reelection. And to paraphrase his press secretary, he is refusing to let science stand in the way. I fundamentally disagree with that approach. Schools must reopen based on science and the safety of our children and teachers, notf politics and wishful thinking. I do agree with the president that schools are critically important for children and families. My first job after i graduated from college was as a High School History teacher. My wife was a school librarian. At this time of year, i remember the anticipation as the start of school would come into focus. Two of my grandchildren are schoolage, and i know the