Point 46 overnight. Political posturing is taking place with taking place between london and brussels. Checking in with some of the other little asset of the other asset classes. Gold pulling back in tandem with ,. 10 lower. Tom lets get you the first word news and an update on the continued spread of covid19. Have surged past 40 million and show no signs of slowing. U. S. Infection rates rising in 48 states while europe is inosing tighter restrictions london, paris, and other cities under strict curves with ireland enacting some of the toughest restrictions yet seen. The World Health Organization says failure to control quarantine rules has led to the resurgence. I stocks hit a six month low amid fears continuing street protests will drive investors away and further hurt the weakening economy. The benchmark index closed at its lowest level since april 16 as demonstrators bow to keep up pressure for constitutional reform and curbs on the monarchy. The index has lost more than 5 of its
Rips into Silicon Valley and defends the companys government work and no symptoms, no test. Why the cdc is quietly updating its coronavirus testing guidelines normally, jim, i wouldnt start there, but you were just tweeting a moment ago about how important testing is as the number the sevenday average of new tests in this country is the lowest since early july. I just think that the main gap in the system is you hear people say, well, my daughter just got it from college and weve been all trying to test in the family, its five days, we dont know what to do. I think that that halting nature of what to do has gripped this country and has changed it from a country where you go places to a country where you stay at home its a country where you do not travel overseas, its a country where youre frightened over a five and sevenday period endlessly and we live with the tyranny of it. Testing would end it, but its got to be instant. Cant be a lab a lab is a big, big obstacle. Yeah. We will talk
Profit increase as iron ore holds up amid the pandemic. Relations go even further. China says attacks on tiktok were bullying and rejection of fair competition. Shery lets get you started with a quick check of how the markets are trading. U. S. Futures opening flat after the s p 500 and other major indices ended the session mixed. We had a rally in Technology Companies with the nasdaq gaining 1 . Selling off sos the s p 500 was dragged a little lower. Still closing at the highest level since february. The third time in the past week that the index topped above its february closing record during the session, but ended below it. Still up more than 50 from its march low. We did get more positive ecodata. A gauge of Builder Sentiment jumping to the highest since 1998. Take a look at oil because that positive sentiment over the economy taking oil for a five month high, all the right now under pressure. Wti now headed towards 42 a barrel. See how things are shaping up, here is Sophie Kamarud
We have got to vote like we did in 2008 and 2012. Weve got to show up with the same level of passion and hope for joe biden. Weve got to vote early, in person if we can, weve got to request our mailin ballots backht, and send them immediately, and followup to make sure they are received. And then make sure our friends and family do the same. Weve got to grab our comfortable shoes, put on our masks, pack a brownbag dinner becausee breakfast,too, we got to be willing to stand in line all night if we have to. Look, weve already sacrificed so much this year. So many of you are going that extra mile. Even when you are exhausted, you are mustering up unimaginable courage to put on those scrubs and give our loved ones a fighting chance. Even when you are anxious, you are delivering those packages, stocking shelves them and doing all of that essential work so all of us can keep moving forward. Even one it all feels so overwhelming, working parents are somehow piecing it all together without ch
Chipmakers asias chipmakers. And oracle is an talks to purchase tiktok. Reports ap group surge in iron ore. We hear from the ceo this hour. It has just gone 6 00 a. M. And london. Dsia. M. In downtown everything comes back to the price of a bond for me in the United States of america. Stimulus, prevarication what does it do to the dollar, good morning . Annmarie the dollar is in focus. Putting outole research saying the tail wind be the u. S. Election. You and i wake up so early, we got to see some of what is going on in politics. The dnc kicking off its convention. How does this impact the market . That is what we will need to discuss. Will come off the top of the s p. I have get my one favorite line of the day. My quote of the day. Bondholderso says are like boiling frogs. A small kick in rates and they jump out of the pot. Boiling frogs. What an image. There you go. Whoever put that together, high marks on our show. Annmarie we are going to go down this path. My favorite this mornin