By 9. 1 and the pain is very much in the tech sector. The nasdaq is down even more. Stoxx 600 down by 6 10 of 1 . 1834,rodollar is at 100 stabilizing at this point. The euro has been down and pushing back. The lira is that a fresh record low against the dollar. Just off a fresh record low. Alix a lot of activity in the u. S. Is a steep selloff in tech. Scarlet fu, walk us through the nuts and bolts. Scarlett we are off the worst levels of the session before the nasdaq its the biggest drop since june 11. No specific catalyst. The jobless claims report was not encouraging, but this is a long time coming. People saying equities were not extended, especially those in the growth sectors and specifically mecca cap names. Looking at the different indexes within the nasdaq 100, 80 9 of the members are lower. Are down. M within the s p 500, 62 . Then you get to the dow average. 57 of the members are lower and within the valley, only half the members are down. They give you the sense of the rota
Dividend plans. Welcome to surveillance. Im yousef gamal eldin. We have a situation. The countdown of the trade deal between u. S. And china is being factored in the wider picture. The stoxx 600 is up three tens of 1 , traders looking at two more stimulus measures. The president s actions appears to have bought enough time to get people back to the negotiating table, slightly risk on. Thats getting reflected in the brent crude trade, just below the 45 a barrel handle. We are snapping a today losing streak. Indications from saudi aramco are bullish. Asia getting stronger, as well, back to previrus levels. A little downside. A weaker dollar but the g10 players can find a narrow range ubsu. S. 10 year yields says go short on the five year yield. Plenty to consider, plenty to get through, lets get the first word news with leighann gerrans. Leighann good morning. Billionaire bill gates says its mind blowing the government hasnt approved coronavirus testing. Cnn, he cited long lines at comme
With the dividend although it will be far lower than last years. Hong kong media tycoon released on bail. His broken National Security laws beijing has branded him guilty. Breaking news out of south korea. We are getting Unemployment Rate numbers, and again, surprising to the upside. They fell to 4. 2 in the month of july, this after surprising to the upside the previous month, falling to 4. 3 in june. Of course, we have seen more job creation efforts. In fact, we just heard from south koreas Ruling Party Leader saying south korea will actively consider a fourth extra budget if needed. South korea has already pledged more than 225 billion in stimulus measures or roughly 14 of gdp to help put a floor on the jobs market, and right now, the july Unemployment Rate falling to 4. 2 . Lets turn to the markets and bring in Sophie Kamaruddin in hong kong. What are you watching . Korean alongside the jobless numbers, we are waiting on Australian Consumer confidence, due out later this morning, a
Young and old, they seek to escape poverty, violence and injustice. But the individual stories of refugees rarely get told. Instead they often become an anonymous abstraction. The number of refugees globally has almost doubled since 2012 to about 80 million. The majority of these people are li displaced in their own countries. Very few of their stories ever make it into the public domain. But in the rare cases when it happens, they have a powerful effect. None more so than the tragic fate of 3yearold alan kurdi. The tragic exodus of the kurdi family ended at this beach near the turkish village of akyarlar. The mother, father, and their two children, were trying to reach the greek island of kos in a rubbeber boat. [rushingng waves] but the e boat capsized. Little alan, his b brother, ghalib, and eir momother rehanna drowned. Only Abdullah Kurdidi survive. The boat capsized after people stood up. I held my wifes hand. We had lifife jackets and trtd to keep our children out of the water,
Twitter makes a move for tiktoks u. S. Assets. The u. S. Imposes fresh sanctions on hong kong officials. The worst is over despite the oil giant reporting a 73 drop in Second Quarter profits. He has been arrested over colluding with foreign powers. They have been searched by police lai is the most high profile detention since the legislation was imposed by beijing in une. Police raided the offices of the newspaper and took away boxes of materials. Shares surged today quadrupling at one point it is Retail Investors behind todays stock moves that are not motivated by Company Fundamentals they recently reported a 58. 8 million loss for the year in a Facebook Post one financial kol or key opinion leader said he bought 1. 2 million shares in the stock in a show of support for apple daily and free speech. He then sold some for a profit but kept some shares to be eligible to take part in the companys agm scheduled for friday President Trump donald slapped sanctions on 11 hong kong officials.