A common term while nearly every organization in the us joint protest for Racial Justice but what does this mean for the multibillion sector theres a lot to get through to watch that started. The u. S. Commerce department reported americans increase their spending by 1. 9 percent in july extending the markets record breaking rallies well this is the 3rd straight month of consecutive gains for spending well this is a primary driver of the u. S. Economy this also comes weeks after the extra 600. 00 of Unemployment Benefits expired Commerce Department data also showed income rose by point 4 percent in july after 2 months of declines meanwhile Credit Card Company capital one cut borrowing limits on credit cards while some customers had their limits were cut down by 3 fourths and theyre already seeing a negative impact on their Credit Scores in a statement the company said capital one periodical or. Use accounts based on a variety of factors and may make changes to existing credit lines oth
That is a quarter of global infections with california seeing its biggest daily jump yet. When we look at chinas new security law for hong kong and protesters are already changing strategies to steer clear of arrest. First, lets get you a quick check up on how markets are starting this morning. Here is Sophie Kamaruddin in hong kong. Sophie asian stocks are gearing up for modest gains. We are seeing s p eminis moving slightly higher this morning and kiwi stocks are heading for a second day of losses when meridian and another Energy Company leading the climbs on rio tinto deciding to Halt Operations in new zealand. The hong kong dollar staying resilient within one standard deviation as they continue to defend the currency and markets shrug off a threat to the peg. Switching off the board to the terminal chart. We are watching to see if the the best sinceng september 2019. We are keeping an eye to see of chinas market value can top 10 million after pushing beyond nine for the First Time
Platform, facebook shares are plunges as the cash cow of an advertising machine takes a public hit dow is down 750 coming up on todays show, a recession unlike any weve seen before the imf shocking the Investment Community with a huge negative revision to the forecast we have an exclusive interview with the managing director of the imf. You do not want to miss that lets focus in on the big stories with 59 minutes left of trading. Mike santoli following the plunge phil lebeau tracking the fall in Airline Stocks the ceos meet at the white house today. And meg terrell has the surge in coronavirus cases and rethinking of the reopenings happening across the country lets start with you, mike, on the selloff. What are you seeing . Well, sarah remember back in february, march, almost every friday it seems like the market backed off. A little nervous what might come over the weekend it feels familiar with that today. In the context of what june is, a corrective phase its been training in a rang
Taking place on wednesday morning the police blocked these protesters but significantly these protesters were calling for the end of one party rule in china at the end of the dictatorship i spoke to one of the protesters a very own who said that he fully expects to be arrested so these people are out intentionally to test the law now i saw several people being taken away i dont know if they were arrested but the police held back in terms of using the usual sort of assertive actions weve seen during the past few weeks and months carol and the chief executive of hong kong addressed that ceremony that flag raising ceremony on wednesday morning she said this new law was necessary and filled a very big gap she also said the past year had been the most difficult of her career but she said the mainland government had helped to pull her through the storm was passing and was now going to be a rainbow but i think her strategy at the moment is to try to rebuild hong kongs image any way she can pa
Burgers. Is a fights, lacroix became the market darling of sparkling water but it is losing ground. Jason joel weber is with us. Joel we wanted to do this story in a summer issue. It is the zeitgeist of summer. One thing that has happened is consumers have shifted away from soda and embraced sparkling waters. Lacroix has really encapsulated that and it boomed. Thisng riding enthusiasm. All of a sudden it has gotten competitive. Taylor we learned a lot about their competitors, mainly pepsi and cocacola. Joel they are owned by National Beverage and that is a big part of their portfolio. But going against cocacola or pepsi, once they opened their war chest and looked at sparkling water, they can say we know how to put that in a can. Jason that is coming in from the top, then you have craft movement. Weve seen it in beer and food, now it is sparkling water. Joel it is what they introduced the marketplace. Lacroix basically invented the category and rejuvenated it, and they are met on both