It is the 32nd time this year the nasdaq has set a record close again. This morning, we are looking at a negative picture this morning, you are looking at red ar owes. S p indicated down by about 16 points everybody is waiting to see. At least right now, 10year looks like it is narrowing to 2. 5 jobs friday today. Forecasters will expect payroll to climb 1. 48 million after june gains shattered expectations a huge number this time around unemployment is expected to drop 10. 6 from 11. 1 from june well take you through 8 30 a. M. When those numbers actually hit. News breaking this morning for those of us in new york city who woke up and thought what just happened. Con edison investigating widespread outages. As an upper westsider, no power there. You lost power . A true black out. We are in 2020, what could go wrong . I looked around and thought, it is so dark what is going on is the nasdaq going to have power. What am i going to do . Here we are middown. You left connecticut to come to
What is required to bolster the economy. Basisx faces of tech of grilling. The biggest showdown with congress in 20 years. Shery lets get you started with a quick check up on how markets closed. The tuesday session in the u. S. That p 500 halting fiveday rally that we saw in the past week. We have the tech sector underperforming as we had more scrutiny on regulations from congress on some tech giants. The nasdaq fell. 4 . Energy producers were waiting on the s p 500. We continue to see the oil selloff. We had great news when it came to a few earnings. Goldman sachs jumping after the beat on their trading revenue. Pretty solid bailout when it came to u. S. Retail sales in june. Lets see how we are setting up for asia. Sophie this wednesday, asian futures are pointing lower while stocks and wellington are not budging too much after a twoday decline. A rise in iron ore output. Korean chip related stocks on view on reports that they are Testing Hydrogen fluoride from other countries. Crypt
Present anytime soon. Shares in the photo app maker plunge as user growth stalls. Can any filter save it from the instagram threat . This is bloomberg surveillance. We are getting some breaking news out of the iea. Dip as we are seeing a across global stocks because of the threat from the Korean Peninsula. This is what im looking at. They are cutting estimates for the crude needed. I imagine they mean the crude pumped from opec for 20172018. They also go through some of the compliance issues opec was discussing. I dont know whether this is having an impact on the price of crude. You can see brent down some 0. 8 . They say that Global Oil Demand is rising to more than 100 Million Barrels a day for the Fourth Quarter of 2018. This is what im looking at for the rest of your data check. It is a risk off kind of mood. This is what were seeing in equity. Havens are gaining because of the korean tension. We had ray dalio publishing a note, a game of chicken between the u. S. And north korean
Been doing this for a long time and i have been doing this since before there were laws in this space so there were some responsibility but in a regular talk i give to businesses right now is whether your data obligations because everybody has them now trade 47 states have passed certain data loss. Kentucky just past one this last month to come into the rest of the world. But its interesting, you have those in california has done things such as almost having a right to erase your past while on social media if you were a teenager. So god forbid any of us would have said things we were embarrassed about when we were a teenager and or posted them on line. That is where the California Legislature is coming from. Is a coming from the police . A little bit of both but theres a lot coming from the state legislature. Our good friends across the street here have been looking at this issue and have 20 or 30 acts in the statutes and the space up there looking at year after year after year but the
Russia turkey israel, lot of different other countries, u. K. And canada and really trying to understand their views on privacy. Whats interesting is they do draw the line theres a little different than how we think about it. So for example in the u. K. They see privacy is a right as it relates to businesses collecting your data. But they have no problem snapping your picture everywhere you go in the u. K. They are some of the most photographed citizens in the world so its interesting to see that. If you are getting ready to live or your children are getting way are getting ready to look another country or do business in another country youll definitely want to go to the book and look for some of the different differences between america from our point of view and those countries and their point of view on privacy. We thought it made it richer to explore what the whole world is doing and this and that in contrast and compare it to what we have. Is a possible globally to wipe out all yo