Statewide restrictions on thanksgiving celebrations. We will show you the exchange. Chaos in the city in the state. Do as i say, not as i do we have been hearing a lot of that and rightly so because there are so many examples of democrats especially very rich democrats breaking the rules they impose on everyone else. Now, we find california Governor Newsom dined with Health Officials and lobbyists, no mask, inches from each other breaking his own rules. Theres the mayor of philadelphia squeezing in Indoor Dining hours before he banned it. Thanksgiving is one week away. How will america handle the lockdown when our leaders do what they please . Thats the same throughout the show. Not that Much Movement in stock prices of this morning with two days of decline taking the dow jones well below the 30000 level. Not Much Movement at this point. There is vaccine news. Phase two of the astrazeneca vaccine trial shows a strong immune response in older people, good news. It uses Different Technol
The month higher for all three major averages. Again, we should say. But apple today not keeping investors away. The iphone giants earnings crushed it during the covid quarter. Apple hitting a new record high briefly, becoming the worlds Biggest Company after its stock split. We have a full recap of the tech titans earnings parade. It was Something Else. And one of the most widely followed economists on the planet is here to put this wacky final week of july into perspective. Mohammed elerian on the record evaporation of Second Quarter growth, what that means going forward. Plus, the Online Shopping boom creating another covid winner. Overstocks ceo Jonathan Johnson on his companys pandemic sales and nearly 1,000 pop in his stock since the start of this year. Plus, the latest on stimulus negotiations, President Trump is maybe campaigning in florida and charlie breaks it on a possible tiktok spinoff. Less than an hour to the closing bell, im Cheryl Casone in for liz claman. Lets start t
Cyclical recovery here. I guess thats something for the day. Based on the Technical Levels like the 200 day moving average, there are bullish signals out of the small and midcap space. Caroline what is the number one risk on your mind . Please ask that again . Caroline what is your number one risk . U. S. China . Deteriorating earnings . Coronavirus and a lack of a vexing . Vaccine . There are always risks that keep you up at night. Longerterm, ive never seen the monetary stimulation i have seen in the last six months were money growth is rowing at 80 annualized. I think ive been wrong that inflation has not surfaced but i do believe it will so longerterm i worry about inflation because it erodes the real return of the tone of stocks. I worry that post qqq earnings season as they move into the number that we have democratic sweep and what it does to the Corporate Tax rate, that is a risk as well. Caroline great to get your expertise. Breaking news. Microsoft out with earnings. The clou
Haidi welcome to daybreak australia. Markets have just come online. Annabelle im Annabelle Droulers in tokyo. We are coming down to asias Major Trading opens and the top stories. Traders await jay powells congressional testimony and the u. S. Jobs report. Elon musk using the worlds richest person crown to jeff bezos as tesla slumps. Paul also ahead, haidi also ahead, the Supreme Court puts an end to attempts to keep donald trump off state ballots. Im Stephen Engle in snowy beijing for the opening of the National Peoples congress. An openin a warning not to invest in china underscores the leaders. Haidi we have breaking news to kick off the hour. South korea gdp numbers coming through on the bloomberg. We are seeing when it comes to the revised Fourth Quarter number, the preliminary number when it comes to seasonally adjusted quarter on quarter coming in line with expectations. 6 10 of 1 higher. The year on year number in line with expectations. The annual gdp for 2023 at 1. 4 percent.
Spread faster than current strains. Days before christmas, a rapid series of travel cutoffs, reminiscent of the early days of the pandemic. More than 20 countries as far east as hong kong and across the atlantic, including canada and argentina all shutting down air travel from the uk. Notably not on the list, though is the United States. President trump largely avoiding the topic of coronavirus all together these days. Except to argue that he deserves more credit for developing a vaccine. Within the next hour, in the United Kingdom, Prime Minister Boris Johnson set to chair an emergency meeting. Cnns Nic Robertson is live this morning at 10 downing street. Nic, Boris Johnson planned to ease restrictions around the current holiday, now a rude about face with this new variant of covid19. Reporter 16. 4 Million People in the country, a third of england under a tier 4 lock down because of the new variant that the government says could be more transmissible by 70 more. Scientists dont belie