City is major spy hub. Markets pointing higher, dow industrials up 52 and the nasdaq up 39 and s p 500 higher by ten minutes. The dow moved 560 points between highs and lows, the Technology Startup set for a big price tag as it readies to go public with offering next week. We have all the numbers coming up. Speaking of tech, amazon unveiled a whole new slew of gadgets to boost gaming experience. Candy craze, more americans are stocking up halloween candy despite no worries of trick or treating this year. Mornings with maria is live right now. Take a look at indices. Things have worsen in the last few moments. Markets in europe poise today see the worst week in june as uk reports rise in coronavirus cases. Mixed story in asia as well,ation markets finishing flat but a mixed story. Japan and korea were up. Hong kong and shanghai were lower. Some of the top stories that we are watching out right now. President trump handing out drug discount cards to seniors as he lays out to America Firs
Quickly. And staying strong. The worlds top iron ore prices are among the highest out of china. Shery lets get you started with another check of how markets are trading at the moment. Futures underu. S. Pressure as stocks fell to the lowest level in two weeks. We are seeing it down 0. 7 . Than 2 ,00 lost more same for the dow and the nasdaq. The dow losing more than 700 points. We had the sharp increase in virus cases, adding to economic anxiety. So risk off positioning was very strong last week. We did get positive data over the weekend, signs that the chinese economy is continuing to recover and profits rebounding in may for the First Time Since november. Take a look at what oil is doing because it continues to fall. Actually, we saw a second week of declines, the second weekly decline since april. We continue to have these lower prices after a cautious rebound, now headed towards 37 a barrel for wti. We also had chesapeake filing for bankruptcy in the u. S. , one of the biggest vict
Authorities warned against reopening too quickly. Sending a message to facebook. More advertisers cut spending. Anchor asian markets are setting up. Virus cases continue to accelerate, not just in the u. S. But closer to home. Lets go over for a look. I am looking at the numbers, it looks like a trading week. That backdrop, futures are pointing lower this monday ahead of hancocks anniversary. Trade data do from the city this monday. Morning, thehis economic fallout from the virus, higher jobless reports. We have a downside picture across asia. Checking in on commodities, lets check in on oil. Losing ground. Near a 2012ing high. Higher prices expected. Australia does see gold expert warnings hitting a record 22 billion in 2020 through 2021, before easing in 2022. We have to big picture that good gold could top 1800 an ounce. Global virus has hit grim milestones. Cases in tokyo rose by a daily record. Japan had lifted a state of emergency last month. In the u. S. , governors are struggli
Although probeijing officials have said we should not be too concerned, it will lead to stability in the city. 7 . Sci asia pacific down it is certainly something of a riskoff mood, following off what we saw toward the end of play on friday in the u. S. The nikkei is down more than 1 . In the mainland, you have a bit of pressure as well a despite industrial profits up 6 coming in over the weekend for the month of may. On to the next board. We will be looking at the currencies. A bit of dollar weakness. On friday it reached its highest level in four weeks, but it has since come off slightly, leading to a bit of strength for the offshore currency here in china. The korean won is up about plan to 01 . On to some of the commodities we are looking at. Wti has been under pressure as the demand story as we focus on the rate of infections, 10 million infections, 500,000 deaths, you can see that it is lower today. Gold, science that investors are preparing to cross through 1800. 0. 64 . Year yi
Passengers who tested negative for the virus started to leave the diamond princess on wednesday after a 2 week warned. Thousands of women have rallied in argentinas capital buenos aires calling for a new bill to legalize abortion the protests comes 2 years after similar legislation was defeated in the senate this pressure from the catholic church. Mexican authorities have arrested 2 people over the killing of a 7 Year Old Girl in a case thats sparked outrage across the country one of the suspects is a woman who was reportedly seen walking with a girl outside her school the day she disappeared. Lets get you up to date now with our Business News chris colfer has more on that. Brian our top story is concerning argentina the International Monetary fund says the countrys debt is not sustainable that conclusion comes at the end of a week long visit from an i. M. F. Team thousands took to the streets in protest when the delegation arrived a 44000000000. 00 bailout loan issued by the organizat