Welcome to deed. Its good to have you with us large parts of south and Southeast Asia are reeling from floods brought on by heavy rains and storms these are visuals from holy on in Central Vietnam showing its famous ancient underwater close to a 1000000 people in the country are affected and at least 36 people have died over in india record rainfall in the Southern State of telangana has killed at least 15 people its part of a wider trend in south asia where more than 9600000 people have been affected by severe flooding. Hyderabad is drowning the rain has been relentless in the south indian city and its now claimed. And one deadly incident floodwaters pushed a wall on to a house which collapsed on impact. Other victims were swept away and raging current. Rescue teams have been working day and night but they cant get to everyone residents in some areas say theyve had no help at all. 500. 00 or more hold us out of the water since yesterday night and nobody visited this place so what peop
Deadlocked on stimulus we know the economy needs more stimulus, certainly pockets of it do. Does the stock market, though . What is if it doesnt happen im not sure if the stock market is pricing it in, happening right now. I mean, theres no scoreboard that i can tell you definitively its being priced in, but i dont think its in there. So if you do get something, i think it will be good for sentiment and it will probably lead to new highs, but if you dont, independent nm not sure as wbig of a disappointment as i would have thought six months ago. A lot of works continues to work, ive been talking about the housing stocks all year. Lows in particular in that index, low looks prime for a mega breakout, about to take out previous resistance, put that one on your radar. And then theres leadership from energy today, which is kind of weird. We were looking at some of these names and exxon could double from where its trading right now and still be negative on the year thats how beaten up this
This comes after modest advances you did see gains. The second out of the last three sessions as joe mentioned it has been a rough week we are on track now if we continue on this pace to have the first down month weve seen since march. Looking at all the gains theyve built up on all of this. You are looking at fairly solid gains. It is a matter of days before we get to the end of the quarter. Take a look at the treasury yields now, especially the 10year. 0. 661 hasnt budged. Weve been sitting at these levels for some time weve got developing news right now. President trump asking a u. S. Court to let a ban on the tencent app wechat proceed the judge is giving the president to 2 30 this afternoon to postpone a ban on tiktok downloads. It doesnt pause the ban but says they must defend the policy in a sunday court hearing. The policy is currently set for 11 59 p. M. This sunday so a lot going on with the kvdel saga it was 11 59 last week too. What happens if you cant download it . Did you
Lisa hurricane laura is moving rapidly toward a category four hurricane, possibly inflicting billions of dollars of damage on the gulf coast. Interesting to see how that evolves with respect to oil prices. What else can 2020 bring . Tom it is going to bring a lot of challenges in academic growth. Futures red and green on the screen. Lets get right to the Business Review this morning. Ata what we are looking for 8 30 a. M. Is the july durable goods numbers. Interesting to see what this tells us about Capital Expenditures at a time of such uncertainty for companies. The u. S. Is selling a record 101 of a record 151 billion fiveyear yields. See viceing to president mike pence headlining day three of the Republican National convention. Look out for his 2024 that form, also expected money 24 platform, also expected to be his 2024 platform, also expected to be a potential candidate in the future. Tom we need to stop and explain jackson hole. It is a beautiful place with mountains that only M
A recount. Taxes taxes taxes a group of millionaires just governments to raise taxes to fund a coronavirus recovery they say charity is not the solution but will governments unsub a call and how popular is this idea this is inside story. There are welcome to the program im laura kyle the Coronavirus Crisis seems to be spinning out of control on thursday the world record its worst single day rise in infections almost a quarter of a 1000000 in just 24 hours cities that had declared a tends to victory a falling back on the look down one by one. The return of restrictions is an Economic Disaster for many countries already suffering from the 1st wave governments say theyre doing what they can and some of bailing out flatlining Industries Others have chosen to spend big to create jobs encourage spending and reduce individuals debt well as others have chosen well for a Public Sector cuts as well as a rise on v. A. T. But all these measures are not permanent fixes and theyre expensive but the