Boost the recovery. Larry summers says the coordinated Global Response is needed. And airbnb books an ipo in new york, aiming to list shares on the nasdaq. Booking through september a total of 18 billion. Although it admits covid19 continues to affect the business. Lets take a look at the asx. More than normal when it comes to the australian soft market after it had the data disruption out. Yesterday was the longest outage in about a decade. Of course, it meant australian traders missed out on the bulk of the days rally. Only trading for a halfhour. We are seeing a pretty modest start, less than 2 10 of 1 higher at the open. Perhaps some caution there could be more technical difficulties. We are seeing gains when it comes to trading in new zealand. Nikkei future setting off on a bad foot as we are seeing some profittaking. It does look like the vaccine driven optimism and the rather we saw overnight will continue, with s p active futures in the positive. Shery we have breaking news at
We will bring you that as well as remarks from some of those mr. Biden had to beat to get the nomination, including former mayor Pete Buttigieg. He will speak in just a few minutes from now. We welcome Bloomberg White house reporter mario. Give us a sense of what joe biden has to do tonight and what he wants to do. What is a win for him tonight . Mario obviously in his 50 year career in washington this is the biggest moment of his political career. This is the biggest speech he will be delivering tonight. His Campaign Said earlier that he will lay out is positive vision for the country and reaffirm his core belief that he can unite this divided nation. So anything that would hit that note would be a win for joe biden. David who is he speaking to . He is speaking to all of us but who is the target audience. If there is one person he wants to reach tonight and maybe change their mind, or at least get them enthusiastic, who is it . Mario he wants to get the voter back that donald trump in
Devaluing chinas currency should make it easier for exporters to sell overseas. Last month, exports fell 8 . China is in the midst of its biggest economic slowdown since 1990. Google wants to become the Berkshire Hathaway of the tech world. Goal is reorganizing into a Holding Company called alphabet. The companys search and advertising units will be separated from new businesses such as self driving cars and health technologies. Each alphabet subsidiary would have its own ceo. That is a structure similar to Warren Buffetts Berkshire Hathaway. Larry page will be the ceo of alphabet. Negotiators have agreed on a deal for another greek bailout. Says only avernment few details need to be worked up or the agreement will give the greek 94 in loans. That moneys some of in the next week it has a payment due on august 20. It is being called a new front in cybercrime. Louvered news reporting that u. S. Authorities have broken up and Insider Trading ring that relied in computer hackers. Nine peop
Is legal. The ruling comes juster after a week when the program violates the u. S. Constitution. Connecticut state police have released thousands of documents relate together mass shooting at sandy hook elementary. 26 people were killed, including 20 children. The u. S. And japan have settled their dispute over a marine base in okinawa. Theyll move the base to a remote part of the island. You can always head to our website at www. Aljazeera. Com. Americas cities are a mixed bag. Some are thriving. Some are sinking. One thing they have in common is this when they get into trouble they cant look to the state house or capitol hill for help. Running cities in the time of austerity. Thats the inside story. Hello, im ray suarez. For Many American cities the big municipalities for the core of the metropolitan areas it was a rough half century. From the 1950s on many of them watched as people, investment, infrastructure, Corporate Headquarters all fled to the suburbs or newly zooming cities in
Watched as people, investment, infrastructure, Corporate Headquarters all fled to the suburbs or newly zooming cities in the sun belt. The government propped up sagging cities with programs, housing support, transit and educational funding all kinds of taxpayer funded support. As the axis swung to the suburbs resentment of the cities grew and they tumbled into decay and decline. Since then many places have started to grow again. Many suburbs have long since gun to have the same problems as their urban neighbors. Even as Economic Growth has been uneven, sporadic, many cities are healthier financially than their states, healthier than their federal government. An urban report card on this addition of inside story we begin with this background. Thank you very much. Some of americas major cities are waving good buy to their veteran mayors this year. The mayor of Los Angeles Leadership ended over the summer. New york citys mayor Michael Bloomberg is leaving, too, after more than a decade at