Surveillance. Im Francine Lacqua. The markets has been trading volumes because it is august and a lot of people are still off or trading less than in the past. This is what we are looking at. If you look at the european stoxx 600. They are trading sideways. Is. Futures and gold bouncing back. The trumpet administration stoked tensions with beijing by imposing new restrictions on mayei technology which be giving some of a breather. Advancing and gold climbing back above 2000 an ounce. Lets get the latest. The race to acquire tiktok is ramping up after President Trump signed an executive order on friday forcing bytedance to sell its business within 90 days. Oracle is said to be considering a bid. Its entry could challenge microsofts bargaining position. For more on this, thats get to alex webb. Thank you for joining us. When you look at this race, is it oracle and someone elsem and microsoft, or is it just going to be the two . Alex it seems as though oracle firms,roached some other Vent
The tunnel but this is going to be a very painful two weeks. Uk Bank Stocks Fall after lenders ditch their dividends. Joining the european counterparts on calling lenders to hold on to cash sinking deeper into contraction while the italian pmi drops to the lowest in a decade i expect to see some very bad numbers coming out of the economy in the First Quarter, Second Quarter and what it looks like coming out will depend how the virus proceeds lets do a little bingo calling here this is your eurozone pmi bingo numbers. Final manufacturing pmi for march 44. 5 that is the lowest since july 2012 the final manufacturing output number, pmi at 38. 5. The lowest since april 2009. Worst than the flash estimate. Rounding it out with a look at the final new orders the constituent 38. 5 the lowest since march 2009. Clear indication of significant decline in eurozone factory activity u. S. Futures turned sharply lower after President Trump warned that the next two weeks will be painful as many as 24
Yesterday, a headline said china planning to surprise trump and negotiators with a last minute plan for phase one to remove september tariffs this has never been talked about. Delaying future tariffs was the most we were going to agree on trump was getting traction because of the bite. This has never been on the table. China will get it done then i read it today it said these are now part of the negotiation. The way it was cast is that it was almost like an appeasement or throwing in the hand. Is it negotiations or are we backing down the deal is likely to get done each side wants to say we got what we wanted now, if that happens, the markets will be like that. Thats the big question, does the market care if it comes without any teeth. Do they just want a truce and no more ramped up sort. For phase one, do they want to give up what they were working to force them out of the table. I think what the market is really looking foreGoing Forward is if you are going to continue conversations.
Number for our afternoon high. So well get look at all of the microclimates coming up. And mike, youre in richmond. And looking toward the road crews, where i personally want to thank them, blocking over half your freeway, keeps the freeways moving smoothly. Notice only the fast track lanes open, fwhoubut i know there is of traffic, no problem. A few cars waiting for cash lanes and not all of them open yet at the bay bridge toll plaza. And a typical 101. And new this morning, authorities in the south bay not yet commenting on an apparent la late into the shooting. There were a lot of shell casings on the ground at richmond and scott in san jose. The video also shows an ambulance at the scene and at least two people in handcuffs. Weve decided not to air that video because we dont know their connection. But thom jensen is reaching out to deputies to more information and hell have a live update in our 5 00 hour. More safety concerns for b. A. R. T. After a new report showing crime has dou
Backlog was growing in the Second Quarter thats according to tesla. Thats proof that theres not a demand issue here. Also, the companys guidance has not been lowered the bears counter that by saying, yeah, but they didnt reaffirm guidance. They could have done that yesterday. They did not do that also, there were details regarding these deliveries that were lacking in terms of how many went to china, how many went to europe, a few other details people would like, and they also point out that the margins are likely to be under pressure when the q2 financials come out later this month. Thats why most of the analysts reports, it basically comes down to this, the analysts reports essentially say these are numbers that support the idea that you can lower expectations for the Second Quarter, but fullyear numbers youve got to hang onto whether or not you buy into them being lowered from where they are right now in terms of the loss expected. Phil, thank you joining us now, cofounder and early