Testify today. Before the hearing we will discuss the Postal Service with kevin gosar. Washington journal is next. Former Vice President biden. I am proud to carry the banner of our party into the general election with great honor and humility paid i accept your nomination for president of the United States of america. That is joe biden from last night. Hey did not mention the president by name, but he criticize the president on several fronts. He expressed aspects of what he would like to accomplish if he becomes president. For is washington journal today, august 20 first. Today we will take you to the Senate Hearing featuring the post mentor postmaster general. Heres how you can call us and let us know your thoughts, 202 7488000 if you support joe biden, 202 7488001 if you support the president and if you are undecided give us a call at 202 7488002. You can text us if you wish at 202 7488003, and you can tweet cspanwj. One writer says he gave his remarks absent a crowd because of the
As White House Senior Adviser Jared Kushner defends President Trumps handling of the covid crisis some people have chosen to play politics with the pandemic President Trump opted not to politicize it and help people get whatever health they need. Jp morgan and Goldman Sachs dumping almost 13 billion worth of shares across sectors in total. So lets just talk a little bit about the headlines. Theres a key focus on renewed lock down risk in many European Countries and the fact that germany has stepped forward and said that its going to quarantine those arriving back from spain has added another level of complexity but when you look at the market, theres no evidence that that is holding back Risk Appetite this hour we see the ftse and the cac 40 all in positive territories. The impact of potential travel restrictions is royaling the Airline Stocks and those other stocks that are effected by limited travel opportunities you have other sectors also a little bit weaker. Having said that, look
Weigh s wider restrictions on huawei road map begins with apples coronavirus warning cautioning it does not expect to meet quarterly revenue forecasts. Shares are sinking and dragging the dow down with it plus big tech needs more regulation. Why Mark Zuckerberg is calling for more scrutiny of facebook. And walmart earnings look to fall short as the whole day season takes a hit well hear exclusively from Doug Mcmillon in a few moments. Apple warns it will not meet prior revenue projection due to the coronavirus outbreak the virus limited iphone production and resulted in weaker demand in china jim was talking about getting hit on the supply and the demand side although that original range was above estimates. So how much are we really losing i think that people dont want to hear this. Everyone that i spoke to the chatter is come on, jim, its really bad i disagree in terms of the rest of the world its gotten better part of what i hear, the work i do dont forget, a lot of Service Revenue
That have led the bull market are once again at risk amazon is up, netflix 12, alphabet 11, things gotten out of hand on the way up . I dont think so. As long as the market continues to move higher, which i think it will, al bet it in guarded circumstances, not like we have seen before, they will continue to lead, because the fundamental stories have not been derailed i bought some expedia today. That story has been derailed down from 160 to 105, but when you talk about the others, theres volatility in the market causing them tosell off. Under the fundamentals change, and we saw a bit of that at least in perception with facebook, but thats recovered, too. Youre not going to see these selloff. How strong some of these have snapped back if you thought netflix and nvidia were valued, and in the meantime they have gone up multiples themselves maybe that framework doesnt work on every i think big picture, you have to look this week as very constructive, given the huge rally back. If we go o
Hello, and welcome to daybreak asia. I am haidi lun in sydney. Betty i am betty lou at Global Headquarters in new york. We are talking about the aftermath of the ecb meeting. But really, we are looking ahead to this weekend. I want to bring this function. It shows you the path of Hurricane Irma, which is expected to make landfall sunday afternoon. You can see it will hit miami at 2 09 p. M. As a category four hurricane. This has been a fascinating story, six months in and making, owing to the el nino affect. After Hurricane Irma we have hurricane jose. Looks like there will be no relief for the storm. That reflected market sentiment. Lets pull up how the market closed, jitters among investors. Even see the dow off by 20 three points. The s p and nasdaq unchanged right now. When it comes to asia, a mixed picture. Were looking at positivity in early trading. New zealand, look at how we are shaping up, the nzx 50 up by 2 10 of 1 . The kiwi dollar at. 7231. It was the worst performer out o