Company ipo in a year, if approved by President Trump. Is this ride hailer. Eeking to shore up cash haidi lets look at how we are setting up for the final trading session of the week in asia. After a pretty lackluster session, we had u. S. Stocks passing some of those parsing some of those losses, still dropping for a second day but finding support after bouncing off the 50 Day Moving Average on the s p. S p futures seeing a little positivity on the u. S. Fridays session, about 0. 2 higher. Tax leading the client is apple, facebook and peppe microsoft are weighing on declines. We saw a Little Movement in treasuries as well. In asia, the nikkei 225 is seeing an upside, 0. 1 when it comes to futures trading in chicago at the moment. Dollar weakness yen strength will be an issue, the. We have the yen appreciated to the strongest level in six months across broad dollar weakness. The u. S. Dollar index falling for a fifth straight session. We are also keeping watch on the dollar and how it
Contraction for the australian economy. Worse than anticipated, but investors with a moment shrugging that off. Chinese markets under pressure. Quickly moving it along, having a look at what else is going on out there and doing that, of yvonne. With yvonne lets start with that aussie gdp number. The second consecutive quarter for the three months through june. And thee first first technical recession in 30 years for us trail you Australian Household spending well by 12 as lockdowns and restrictions shut out consumers. The aussie dollar against its u. S. Peers. Theres a new warning about the u. S. Economy with a fed governor ating there is uncertainty head. She told the Brookings Institution that america will be to depend on the fed and policymakers in d. C. As the economy continues to recover from the coronavirus pandemic. She says Monetary Policy must pivot from stabilization to accommodation. Treasury secretary seems to agree with the fed governor, saying the u. S. Economy urgently n
Shares higher despite a miss. Whats up next for the Delivery Company . First up, tuesdays session went from that record intraday high for the nas earlier in the session to the worst day of the year. Jim, were going to walk through reasons why this happened, the play book if it in fact changed anything at all. Yes. I think that shortterm there is a sense that if the tenyears calling all the shots and the tenyear is showing perhaps things are slowing or will slow because we will not get the stimulus because trump is in the swamp. Ive also been listening to the coverage and joes right there could be some things that he was talking with mr. Javers about the manafort situation. But the fact is i think comey scared more people than what people were willing to talk about. Comey came out and many people feel destroyed Hillary Clintons chances because he basically just says, hey, listen, it could be really bad. And comey comes out yesterday and uses the word criminal in the same context and tha