There was a hiccup or real problem with finalizing the the United States now has more coronavirus cases than any other country in the world contract he wrote as usual, with this quickly approachi inin ining 10 general motor, things just never seem to work out they said they were going to give us 40,000 much needed ventilators very quickly boeing said that coming up in now they are saying it will only be 6,000 in late april and they want top dollar always a mess with mary b. The show, well speak to slack ceo about the surge in working being mary barra, ceo of general remotely how his company may integrate with a major competitor to make motors and invoke p the defense production act working from home easier it has been one of the rare basically, he can sign it. Winners in this overall market sell off gm and vent tech within an hour lets focus in on the big stories we are watching at this hour or two of that tweet going out kayla has the latest on the announce d they have a deal rescue p
Is there more pain to come or a real bottom anywhere in sight . Trade tensions still in focus as the Chinese Central Bank does something it has not done in more than ten years. Well tell you what that is on this thursday, augustth as Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Im Brian Sullivan you are watching Worldwide Exchange. Thanks for joining us. These crazy, volatile markets have shown no signs of slowing down yesterday at this hour we were calm then stocks began to sink when trading began. The dow continued to fall, at one point off 550 points but then the buyers, they came in in the afternoon. The dow ended the day dow 22 points, posting one of its greatest point turnarounds of all time what will happen today lets look here is how your money and investments look futures are mildly higher. Dow futures up 21 points but this time yesterday futures were basically flat. All of a sudden
Green arrows across the board in europe the dax is up by 0. 3 . The cac adding 1 . The focus again today, because yesterday it was the fuel for that whipsaw action, treasury yields, 1. 727, much firmer than what we saw yesterday. We saw a low of 1. 595 we had record lows across the yield curve. Thats worth noting. A lot of strategists saying we could test 1. 35. Beijings central bank setting the official reference rate for theyuan to the weakes level in a decade. Eunice yoon has more on the midpoint number that traders are watching they do it now at 9 00 p. M have to watch all the time eunice its worth it its worth it to stay up that late the central bank set the midpoint fix weaker than 7, but it was actually stronger than what a lot of analysts were expecting. So because of that traders were taking that as yet another sign that the government here wants to pull the reins back on the chinese currency there was no official commentary today on the fix it was interesting to see what came
The milken conference brings together a whos who of leaders in global finance. We are considering ultralow bonds. We did not meet expectations this quarter. Former fed chief ben bernanke questions the timing of the tax cuts. Plus, a big miss for apple. Facebook has another great quarter. Tesla missed by 50 in the stock went up it is all straight ahead on bloomberg best. Julie hello and welcome. Im julie hyman. This is bloomberg best. On monday, President Donald Trump shared his thoughts on a number of political and Economic Issues with bloomberg news. His comments made headlines and moved markets. In an interview with bloomberg news, President Trump he is willing to meet with the president of north korea and he considering breaking up the big banks. Pres. Trump we are looking at it right now, and doddfrank is going to be very, very, seriously changed so the banks to go back to loaning money. Erik can you talk about the context in which he discussed that . I did bring it up that i did b
The milken conference brings together a whos who of leaders in global finance. We are considering ultralow bonds. We did not meet expectations this quarter. Former fed chief ben bernanke questions the timing of the tax cuts. Plus, a big miss for apple. Facebook has another great quarter. Tesla missed by 50 in the stock went up it is all straight ahead on bloomberg best. Julie hello and welcome. Im julie hyman. This is bloomberg best. On monday, President Donald Trump shared his thoughts on a number of political and Economic Issues with bloomberg news. His comments made headlines and moved markets. In an interview with bloomberg news, President Trump he is willing to meet with the president of north korea and he considering breaking up the big banks. Pres. Trump we are looking at it right now, and doddfrank is going to be very, very, seriously changed so the banks to go back to loaning money. Erik can you talk about the context in which he discussed that . I did bring it up that i did b