Singapore and malaysia as well. The Peter Navarro episode, if it is any indication how sensitive markets are to the slightest hint of bad news, that tells you the story of volatility in store for markets in the second half of the year. A quick check on the risk radar. Aussie yen coming off a little bit, that tells you where we are in terms of Risk Appetite. We were closing in on 79 a few weeks ago. Brent crude, some upside. Lets get you up to speed with other top stories we are watching. It lawmakers in washington have approved a bill to penalize banks doing business with china over beijings National Security legislation for hong kong. The bipartisan measure in the senate has support in the house of representatives and needs to pass before reaching president trump. It condemns china for breaking obligations under the deal that return hong kong to mainland rule. The coronavirus has hit local trade hard with lockdowns increasing by 12 . The hike of that pandemic in april, new research th
Melissa francis and this is after the bell. Joining us for all the major market milestones, gerri willis from the floor of the New York Stock Exchange, phil flynn in chicago, forbes media chairman steve forbes. Barrons Senior Editor jack hough, financial analyst heather zumarriaga. Gerri, you are up first. Who are this years biggest winners and losers. There is pandemonium down here i barely hear myself think. The winners, boeing, caterpillar apple, and losers ge, we talked a lot about that company. Ibm and exxon. A lot of difficult sectors on winning side and losing side. The winning sector of course as you expect, 37 gain for technology. Those stocks doing really well and really the sector outperforming everybody else. The lagging sector, no surprise, telecom down 5. 7 . Youve seen the companies in this sector, verizon, a number of them are heavy with debt. Theyre constrained by all that they owe. Incredible competition in their sector. So lots of moving parts today, lots of exciteme
We are live at the Abu Dhabi Petroleum exhibition. Yousef it is 8 00 a. M. In dubai. I am yousef gamal eldin. Was rather lackluster start to the trading week. Not a lot of earnings coming through to support these markets. The rest of asia not so. Are across where we , akets in the asiapacific fairly mixed session across the benchmarks. Down. 3 . Also some Movement Across chinese markets, up 2. 5 . Region, somein the changes if you will to the hang seng index composition, some movement in Cathay Pacific down. Things to note as we make our way into the latter part of this asian trading session. A slow start to the trading week. Lets get into the trauma that took place on day one of the dubai air show. What an upset. The press Conference Room was filled with people in anticipation of the deal with airbus. Billions of dollars in additional odors. Orders. What came through was boeing dreamliners, not just an upset for airbus, that further a350 program. Tie down aable to deal with azerbaijan
So we can contain the virus, but also so americans can go back to work, so they can go back to shopping, so they can go back to getting the economy going again. Going back to their daily lives. But the testing has been terrible. You know, these press conferences, i just, again, will repeat again, if youre not going to get any good information from them, if the president is just going to ramble and yell at reporters, say things that arent the truth, and yell at reporters when they ask important questions, which is what he does, then they shouldnt have the press conferences. I mean, joe biden said about a month ago that if the president of the United States is giving bad information, misrepresenting facts, that that actually is bad for the American People. It concerns the American People and makes the situation worse. You can look at a florida poll, where joe biden is now ahead of donald trump by 6 points. 56 of americans say they dont believe what the president says. They cant trust wha
Virginia. You are watching the landing here on the gerald ford. It will become the uss gerald ford once the president commissions it here in just about an hour or so, as this ceremony goes on. The ship itself is 1,092 feet in length and cost 12. 9 billion dollars. Like so many military projects, it has been overbudget and theres been a lot of controversy surrounding the cost. We broke it down, thats 113 Million Dollars per foot. That includes a lot of new technology here on this ship. New what they call dual band radar that will allow it to see over the horizon for threats. We know the chinese have been trying to come up with carrier missiles. That radar will help with that. Pretty loud as you hear these helicopters come in. Were told they have been doing touch and goes on the flight deck. The flight deck is so new that in the past when they land it, theres been a spraying of what they call the nonskid paint just blown off. They had to get that off for the past 48 hours or so, they hav