U. S. One report says the case has already been pulled. Jack ma seeking more than 17 billion in hong kong as a dual listing. It says it does not need cornerstone investors. We have the latest on this blockbuster sale. Shery he was futures coming online flat after u. S. Stocks fell to an eight week low in the regular session. Warnings from various fed officials of the need for more fiscal stimulus. We saw the selloff continuing. Volume below the average over the past 30 days. 11 sectors on the s p 500, all of them lower by more than 1 . Energy the worst performer as we continue to see Dollar Strength rising against every g10 peer to a seven week high. Oil is extending its losses. We saw some gains earlier in the new york session stop bullish york session. Gains limited by fed speak over the economic recovery. Haidi lets look at how the Asian Session is shaping up. Taking a look at new zealand stocks, we continue to process the rbnz rate decision. A steady beat of the drum roll toward po
Paying more than 1 billion australian to settle a Money Laundering allegation, the largest corporate find never levied in australia. Tiktok drama turns another page, owner bytedance asking a judge to halt the ban in america, Chinese State media slamming u. S. Dirty trip u. S. 30 tricks. We heard from larry kudlow in the last few minutes, downplaying expectations we will be getting any more fiscal stimulus through the pipeline, larry kudlow saying he doesnt think the u. S. Needs another stimulus package and that they will be doing targeted measures only and need to be smart about this measures. This comes after course of fed officials, including chair powell, saying there is a long way to go for the economic rebound, we heard from several others, all saying there is further need of more fiscal stimulus to do that heavy lifting. And that comes after congress ended its pursuit of a bipartisan spending bill and are now focused on replacing Ruth Bader Ginsburg on the supreme expected thisin
Close the digital divide. Okay this one is going to be huge. When california restaurants reopen to serve more than just to thego orders, social distancing inside the eateries will be on the menu. Some restaurants will not be able to survive with the restrictions. Marianne favro has more. Reporter the social distancing requirements, they would be able to on fill every other booth and table. They can only serve 65. With togo orders, business is down 70 . And Restaurant Owners throughout the bay area are eagerly awaiting to serve at tables again, they fear that social distancing requirements to eat their profits. The owner says maintaining six feet of separation will mean he can only serve half the customers he usually does. When you go to half occupancy, you cant make a profit. Your volume is what dictates what your profitability is going to be. Reporter the restrictions are painful in the bay area where restaurants were struggling with high rent and baylor costs. There was a trend in th
U. S. China, the changing relationship between the u. S. And china and ongoing trade tariff. The u. S. Economics Security Review Commission is a host of the event. With taiwan and hong kong. The commission began the hearings this year, we marks the 40th year of u. S. China diplomatic relations. By examining the external and internal ability to sustain growth, project power and spread its influence on the globe. This year has been one of extreme volatility between the u. S. And china. Chain and insta they thought it would be to visit and explore key topics. There is an increasing amount of commentary in the Foreign Policy community, con jebbibbij con jebbi conjecturing. And this commentary further characterizes china as a rival, having upgraded it from a competitor. The word enemy is less frequently used, but is not absent. The previous assumptions underlying u. S. Policy, such as the Current International order benefits china and capitalism brings with it democracy have been shattered
Evening. Australia course will be confident and have a huge wave of support. England are in good form, they would have got confidence from a battling victory against colombia in their quarterfinal. There has been memories provoked at the Rugby Union World cup final 20 years ago, Classic Ashes Series as well, i think this field might appear in terms of how special it will be. Both teams had closed Training Sessions today and it will perhaps be a slight concern to england fans the only time Sarina Wiegman has experienced a defeat in charge of england was against australia earlier this year in a friendly, the toughest test hitting faces, but england will be favourites i think. Australia head into their Semifinal Safter defeating england 2 0 away in a friendly back in april, ending the lionesses 30 match unbeaten run. That was a friendly game and yes we do take something out of it. But, at the same time, we are into Knockout Games in the world cup so its a completely different game and i t