Retailers, but some Companies Found creative ways to engage consumers. On the round table the, ben levisohn, carlton english and al root. Ben, you used a great phrase earlier this week when we were talking about the market, you said this week the market was violently flat. Whatd you mean by that . Right. So the market, it seems like every day the dow is going up 400 points or is dropping 400 points, or it looks like its going to drop 400 points but then does an about face and heads higher. Were seeing coronavirus cases spike in many states, and some days the headlines seem to matter and other days they dont. And its really not clear what is going to get the market sort of knocked out of this range that its been in. The s p 500 did finish higher this week, but its still below the june 8th high from the rally off the marlo. So its going to be march low. Its going to be interesting to watch as these headlines continue to keep the stock market in place or if market can get going. But its n
Campaign reelection ad that contained a nazi symbol. It has been a day of lowvolume and not a lot of conviction. What are investors waiting for . Fast a snooze snoozefest, not a lot of volatility. What are investors waiting for . Stocksthree of days, now are stuck. We are seeing a little bit of a haven bid for bonds and the yen. It might suggest a riskoff tone. Waitinginvestors are for a little more information around the virus and if we are going to see new epicenters that could rival what we had a going on in new york a couple months ago, sadly. But now we have moved past it. But could that be some sort of a slowing on the economy . Another look at the possibility of a real riskoff tone, the dollar. It is up for a third day and it is a haven asset. Over the last 10 days, a solid bid from a technical standpoint. The uber dollar index back above the 10 day moving average. The bloomberg dollar index back above the 10 day moving average. In the past, that has pressured stocks. It could s
Arizona, and hospital cases in california all marking new highs. Plus top advisers to President Trump are set to urge the u. S. To undermine the hong kong dollar peg to punish china for its crackdown in the city. Ons get a quick check up how markets are set up for the open. Here is Sophie Kamaruddin in hong kong. Sophie in asia this wednesday, we are seeing a mixed start to the session with focus on china and if mainland stocks can keep up that rally we have seen for six days. Futuresd 14 so we have in the green for the most part. Hang seng futures settling higher after the rally did stall in hong kong on tuesday. Switching out the board, checking in on the hong kong dollar, which continues to have the 7. 75 mine as they continue to defend the peg, we are seeing little reaction in the curb. Jumping into the terminal for a big picture book, low 200 pips after the spike we saw in may but staying elevated on economic and political uncertainties. Tracking any reaction to a bloomberg report
A personal level and i was unable to live there much im going to. Want to know their story to my great stirrer fighting country local information for margarets. Chinese own ticktock pulls it out from hong kong can a social media sensation escape the crossfire as the rivalry between china and the us. Also on the show and new developments in the facebook ad caught will talk to us from our new York Financial correspondent. And we follow the fortunes of a Migrant Worker in germany was caught up in the largest outbreak of covert 19 in the country so far. Hello and welcome to the show im Stephen Beardsley and this is your Business Update to talk has moved its app from hong kong joining other Tech Companies that are seeking to protect users there from china strict new security law a social media sensation is owned by a Chinese Company and is now in the crosshairs of the u. S. Government secretary of state mike pump aoe even said tuesday that banning the app in the u. S. Is a possibility. Whil
Vaccine and treatments, bringing the futures off of their lows this morning. Still looking a lower open today, but much of this is profit taking after a very strong rally yesterday and last week. Investors saying you know what, im going to take some money off that table. Theres not much stopping big tech, though. We talk about them a lot, every day, but for very good reason. New highs for several of these and one of our bulls will tell us in a few minutes why hes still buying them even at these levels. Happening at the white house today, a big meeting about getting americas children back to school in september. That is a major factor in the economic recovery, if kids are back in school, parents can go back to work. Its a key issue. What about Patrick Mahomes . Hes a recordbreaking deal thats guaranteed for nearly a half billion dollars. I say guaranteed. Hes a very rich young man. We have two pro athletes on the program to talk about that today. Big three lourshours ahead. Im Ashley We