The session. High intraday high russell 2000 continues its high but it, too, has faded during the session. The russell flat, the other indices negative coming up in todays show, well ask allianz chief economic adviser Mohamed El Erian about todays highs plus, the president of shopify about the companys new partnership with alipay mike santoli, tracking the market action. Meg tirrell has more news on pfi zechlt rs vaccine data and phil lebeau, covering the boeing 747 max. Mike, start us off here. Weve been dealing with a couple of issues, the market being a little stretched on the upside after that strong rally month to date. Over bullish sentiment has had a hard time getting traction, but no damage done at this point on the year to date chart were slightly above that september high by half a percent nothing damaging really happening here i wanted to zoom into the last ten days of trading or basically really more like eight days of trading, back to last monday, week ago monday. Pfizer n
Successor to Ruth Bader Ginsburg this week. The democrats say there is no rush and any decision to wait for the election. Scott larson says he expects a jobs bounceback in australia has covid19 infection start to ease. We will expect the likelihood that victoria reports lower new cases. U. S. Futures under pressure now, down. 2 at the open. This after recite u. S. Stocks falling to a sixweek low last week, the tech selloff intensifies. The s p 500 lost ground for a third consecutive session. Nasdaq flat at the moment after the nasdaq 100 closed below its 50 day moving average. Pressure,crude under after oil has its best week since june. Warningsaudi arabias to opecplus cheaters and shortsellers which helped opec crisis stage a rally last week. Now under a little bit of pressure above the 40 per barrel level as we continue to see the Dollar Strength and in the last session. We do know the dollar has been under a lot of pressure and it is headed for the weakest quarter in a decade. Lets
Uninstalled take talking and we chat stunnel truong danced me to a popular chinese absolutely security concerns does this while the americans own their freedoms and what it leads to an east west of values over the internet this is inside story. Hello there and welcome to the program on how he had seen starting this sunday americans will not be able to downloads 2 of the most popular social media apps in the world the u. S. Department of commerce said it would bar people from getting chinese apps takes hold and we chat through any app stores on any platform President Donald Trump insists the apps Parent Companies cigarettes and National Security and could pass user data to china well well have a panel of experts to discuss this in just a moment but 1st this reports from our White House Correspondent Kimberly Hawk its. A stirring rebuke from the u. S. President were not going to do anything to jeopardize security. The white house alleges the popular chinese based apps to talk and we chat
Though and that is the fact that for Unemployment Benefits a large expanded during this downturn during that for obvious reasons as well and its funny when that happens it makes it very difficult to compare the unemployment numbers. Because were doing very Different Things so that you have lost if you have the same as youve been as youve unemployment before and the same kind of benefits what kind of train starting point would we have seen over concourse odds that question but it is clear we are much much higher so it makes a comparison very very difficult but so as long as you have those use that image ability requirements and larger payouts and the covert partial shutdowns of this were going to carol see high unemployment has come through so that is not going to change anytime soon i think as long as this situation goes on will concurrency well especially of these sectors are already struggling and looks like a lot of these employees arent coming back and theyre having more and more l
Years. On people still die i dont know which question are still alive arent being allowed to live where so many have. This is boom bust the one business so you cant afford to miss im sorry monteith aopa in washington coming up the Labor Department reported a steady fall from the week before on jobless claims but still higher than expected well thats because what this means for the overall economy and market. To u. S. Companies may be closer to finishing the deal for tech top but out trump and ministration may just have to wait for china to give the ok well get the latest from the dean of the Miami Harvard Business School and we have a lot to get here so lets get started. We begin with the unemployment numbers as weekly jobless claims took an unexpected turn for the worse for the week ending on september 19th Labor Department reported 870000 americans filed for unemployment thats up from the week prior with 866000 the Labor Department remains stuck at a pretty high level here still abov