The index is down 10 from its record highs for the month the dow fell 4. 5 pshs, again, its worst month since march and second down nont a row the stp and nasdaq coming off twostraight losing months as you can see here the moves in october not great hanging into november. But it wasnt all red arrows we have been keeping an eye on small cap stocks they fell 1. 5 on friday, they did end the month higher by 2 for their sixthstraight positive month or sixth positive month out of seven crude under heavy selling pressure u. S. Benchmark currently 35 per barrel, 2 of the downside here for wti crude. Remember, lockdowns across europe are beginning to go into effect and thats sparking demand fears much more on that coming up. But first, around the world, a mostly higher session in asia over night on china manufacturing data hang seng in hong kong up 1. 5 europe is getting their day started. Were seeing positivity in the european markets ftse 100 up. Sticking with europe any developing story thi
Paying more than 1 billion australian to settle a Money Laundering allegation, the largest corporate find never levied in australia. Tiktok drama turns another page, owner bytedance asking a judge to halt the ban in america, Chinese State media slamming u. S. Dirty trip u. S. 30 tricks. We heard from larry kudlow in the last few minutes, downplaying expectations we will be getting any more fiscal stimulus through the pipeline, larry kudlow saying he doesnt think the u. S. Needs another stimulus package and that they will be doing targeted measures only and need to be smart about this measures. This comes after course of fed officials, including chair powell, saying there is a long way to go for the economic rebound, we heard from several others, all saying there is further need of more fiscal stimulus to do that heavy lifting. And that comes after congress ended its pursuit of a bipartisan spending bill and are now focused on replacing Ruth Bader Ginsburg on the supreme expected thisin
They will maintain normal Monetary Policy for as long as possible. President trump plans a Campaign Event in orlando as his doctor says he is not a transmission risk. Australia debates evening travel curbs although the u. S. And europe are not on the list. Shery u. S. Futures are coming after, down about 0. 25 , we saw the biggest weekly increase in u. S. Stocks since july. President trump an offer to democrats. Nasdaqs futures under pressure. We have some deals among chipmakers leading them higher. Take a look at what oil is doing at the moment. We continue to move downward. Still at the 40 per barrel level. The biggest weekly gain since june. Hurricane delta and libya saying that they will start production on their biggest oilfield. We have demand concerns. Not so much since hurricane delta has been losing force. Sophie . Stocks went to a high this monday. After the long weekend, the check on free and trade this morning. We will get an outlook from india. In sydney we are watching th
Seeks to push through a bill that would remove limits on his power and when we receive lets say a dollar only 25 percent of the maximum is would really be used. By inflation aid agencies helping flood victims in sudan say their work is being hampered by the economic crisis there. And im leah harding with all of your sports news Michael Jordan has entered the world of motor sport the basketball legend has bought his own nascar team and is partnering with the sports only black driver wallace. We begin this news hour with a warning from the World Health Organization which says that the corona virus pandemic appears to be accel orating globally despite the number of deaths decreasing heres a look at the global picture focusing on the 5 countries that have seen the most. Deaths from the virus the u. K. Is 5th in the world more than 41000 people have died but its curve is currently going the wrong way hospital admissions have been doubling every 8 days across the atlantic the u. S. Is crossi
Economists are desperate to get clarity on the labor economy. We will ramp up coverage until jobs day later in the week. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika president is denouncing a blockbuster report on his taxes as fake news. According to the New York Times, the present page 750 on u. S. Income taxes in 2016 and 2017. The paper says he reportedly lost millions of dollars from his golf courses, and is hundreds of millions of debt and is in hundreds of millions of debt this coming june. Democrats are previewing the to oppose the confirmation to Supreme Court nominee amy coney barrett. By zeroing in on the risk to Americans Health care coverage. The Supreme Court will hear a case in november that could lead to obamacare being ended. Regardless, that confirmation seems assured because republicans have a majority in the senate. The Trump Administration has suffered a setback in its showdown with tiktok. A federal judge has temporarily bloc