Another know. You say we gave. Our to keep this Company Running and now this company is making record profits theyre making now our labor they dont want to even give any bag what they want to continue to take and thats not right this trade. Experts say both sides will feel pain from a long strike u. A. W. Workers have a strike fund of 850000000. 00 from which they will receive 250. 00 in weekly strike wages meanwhile Industry Experts say g. M. Will lose about 50000000. 00 each day the strike goes on General Motors stock fell more than 3 and a half percent in monday morning trading. And there was a dramatic though expected turn in the legal drama surrounding part Purdue Pharma the corporate career creator of oxycontin the drug experts place at the center of the u. S. Opioid abuse addiction an overdose crisis on sunday night Purdue Pharma filed for chapter 11 bankruptcy protection to shield that staggering profits from more than 2600 pending suits still pending over produce role in creat
Escalation. Central bank decisions. Trade uncertainties are accounted for. Later in Bloomberg Technology global link, we will break down disneys earnings. Now, lets get you started with a quick check of the markets close tuesday session. Some calm returning to the markets. The stocks rising, the dollar studying. The search we saw in treasuries peering back a little bit. The s p 500 being led higher by tech and financials. Every sector of the s p 500 was in the green, except for energy. Oil slumping into bear market with brent falling more than 20 since its april peak. Not even the fact we have eight straight weeks of declines in u. S. Stockpiles helped debt those losses. The nasdaq gained 1. 4 . The dow up more than 300 points. U. S. Futures at the moment not doing much, but lets see how we are setting up in asia. As we saw markets fall to the lowest point in weeks. Sophie we saw the asia benchmark fall to the lowest level in nearly seven months. Futures this morning pointing to a mixe
Chinese goods, they will be imposed beginning september 1 if the United States and the peoples republic of china fail to reach a trade deal by that date. President just two hours ago acknowledged he is considering a blockade of venezuela. You are looking now at pictures, live pictures of cincinnati, ohio, where the president is only moments away from treeing his supporters from addressing his supporters in cincinnati, well expect the president to address among other things the chinese failure to honor their agreements, the necessity of tariffs. He will be scoring last nights debate of 2020 democratic president ial hopefuls, and always tickets to his rallies in high demand, only 18 thousand seats available, in this arena president telling me today more than 100,000 people had asked for tickets, well bring you his remarks, as we expands on his administrations policy initiatives and news developments of the day, we suspect he may take up a few political issues as well. Breaking news tonig
Chinese goods, they will be imposed beginning september 1 if the United States and the peoples republic of china fail to reach a trade deal by that date. President just two hours ago acknowledged he is considering a blockade of venezuela. You are looking now at pictures, live pictures of cincinnati, ohio, where the president is only moments away from treeing his supporters from addressing his supporters in cincinnati, well expect the president to address among other things the chinese failure to honor their agreements, the necessity of tariffs. He will be scoring last nights debate of 2020 democratic president ial hopefuls, and always tickets to his rallies in high demand, only 18 thousand seats available, in this arena president telling me today more than 100,000 people had asked for tickets, well bring you his remarks, as we expands on his administrations policy initiatives and news developments of the day, we suspect he may take up a few political issues as well. Breaking news tonig
This incumbent president. Also, dems moving deeper in disarray on this the eve of Robert Muellers return to capitol hill. Jerry nadler, chairman of House Judiciary Committee now claims that mueller does not have to abide by the rules set by the department of justice. His committee does not have to abide by the rules and guide lines of the house. And mueller himself is the one who asked for those rules from the department of justice. The radical dimms, letting it be known muellers top aide on russia witchhunt will be allowed to sit beside the council as he testified tomorrow. And this. Invesinvestigating you on how bh companies are doing business. Specifically whether they are breaking antitrust law, whether they are restricted competition, and harming consumers and users. The department of justice announcement rocking tech sector in afterhours trading, amazon, alphabet, and facebook stocks selling off, most down a full percent in price. Edward laure lawrence with the. Reporter Justice