Live from new york, at the opening bell, this is business today. Traders tread water on wednesday. Cranking up the voltage on trade tensions. Canada slaps hefty import taxes on electric cars made in china older, wiser, and ready to spend. How businesses are finding a Silver Lining in indias ageing population. Welcome to business today, im Michelle Fleury live from new york. Us markets slip at the open after the record close. More on that any moment. Lets turn our attention to markets, the dow is down two tenths of a percent right now, after the wreck a close yesterday. The snp and nasdaq have not fared so well. Traders are turning away from the Technology Stocks right now. For more on this is the chief market strategist, great to see it this morning. Are you surprised this rally is stalling . What should we read from the dow slipping back slightly . Read from the dow slipping back sliuhtl .. slightly . Good morning, i dont think they slightly . Good morning, i dont think they can slig
Is now more popular than ever. And a president ial election in west africa mobbed by extremist violence. People are headed to the polls today, but a growing insurgency means many voters wont be able to cost their math and held welcome of the worlds wealthiest countries, wrapping up their online g 20 summit hosted by saudi arabia. The virtual gathering has been dominated by efforts to end the coronavirus pandemic. And the global recession. A draft declaration shows the biggest economies will pledge to pay for distribution of big 19. 00, vaccines and testing. So that poor countries left out Climate Change and the environment have emerged as a novel. As the summer draws to a close, u. S. President , donald trump defended his environmental record and justified his decision to pull out of the International Paris climate agreement. I withdrew the United States from the unfair and one sided, Paris Climate Accord, a very unfair act for the United States. The paris accord was not designed to sa
1 10 of 1 . Minor gains for the australian and china markets for the shanghai composite. Situation with regards to the equity markets, what about some of the other Asset Classes and play . We can have a look at those. Take a look at the oil prices, retreating at the moment. You need currently, what, 41 essentially for a barrel of wti, 41. 09, moving to the downside. Stockpile to the upside. Gold not much of a haven, dollar index moving to the upside, the dollaryen currently stronger. It has been moving quite rapidly to the upside. . 11 currently for one greenback. The sec is pushing ahead with a plan that could see chinese come these kicked off of u. S. Exchanges. The intent to cap crackdown on companies that dont comply with rules that require an audit. That could hurt big names like alibaba and baidu. Tom, it looks like the sec is in a hurry. What is it proposing . Tom absolutely. The since we are getting as they are stepping up their preparations for this new Legal Framework that ag
We are going mostly down. Trump has used his executive powers to ban investments in companies that are associated to the Chinese Military. Lets look at some other asset classes. Dollar index unchanged. The euro, which has been under the caution with the dollar. Crude, just dropping below 40 bucks a barrel. We have the surprise stockpile gain in the u. S. Gold price moving up as well. Goldman sachs saying they are bullish on not just gold but also copper. Lets move to what is happening first word news was. We get over to new york and joined karina mitchell. Karina the chances of a new stimulus package in the u. S. Are receiving with the white house saying sources tell us gop leaders will not lead any of the talks. Mitch mcconnell has been more distant from a democrat proposals, reducing the chances of a new deal. The Federal Reserve is again warning fiscal stimulus is required to support the u. S. Economy as potential vaccines may not end the economic fallout from the coronavirus. Chair
A standoff in northern ethiopia. Government forces prepare for a final assault on the city of mckenna. To grant forces refused to step aside. And the president s of african football ahmed ahmed has been banned for 5 years. Footballs world governing body farming amid guilty of breaching its code of ethics. Begin here in the u. K. Where theres more good news in the race to find a Coronavirus Vaccine. This time from the drug company astra zeneca working in partnership with Oxford University. They staged testing shows. Its candidate vaccine is on average 70 percent effective in protecting against code 19, but that increases to 90 percent depending on the way its administered. Russias and it has vaccine is the least expensive so far. And crucially, it can be stored in the fridge, which makes it easier to distribute on the vaccines need to be stored at much lower temperatures. The firm says it can have up to 200000000 doses ready by the end of the year. Possibly 3000000 by 2021. Turn how rep