This is business im Kate Ferguson thanks for joining me Global Markets are on course to end the week higher as investors expressed optimism about the prospect of joe biden becoming the next president of the United States in asia indexes in hong kong and shanghai traders 7 on the expectation that the United States under biden would lead to an improved trade relationship with china hopes are also rising among european investors who believe that i trade reset with the u. S. Could prove a major boost. Lets take a closer look at transatlantic trade with found lying a chairman of the european parliaments committee on International Trade welcome mr lying in the last 4 years have turned the transatlantic trade relationship on its head is there even any going back at this stage. I hope of course to survive moby looks for that because indeed we have a lot of Serious Problems is that our trade is with the lust for us because both borders the terrorists on to the the expression of. The state the.
Earnings walmart going on a hiring spree. Home buyers are rushing for mortgages. Is the consumer stronger than you think . Power lunch starts now and welcome to power lunch, im Frank Holland in for Tyler Mathisen nike hitting an alltime high soaring 9 on a blowout Earnings Report Johnson Johnson also higher on its vaccine progress for more on whats driving the action, lets get over to bob pisani hey, bob frank, we are sitting at the lows for the day, 3,280 on the s p, about where we ended on friday and the problem is this seesaw in the megacaps and workfromhome names take a look at megacap, this is a down day yesterday was an up day. Monday was generally a down day. You get the idea hard time figuring out what the right values or prices this high same with the workfromhome stocks theres a theory out there that these will be beneficiaries of worsening coronavirus cases in the United States, maybe, but theyre starting to split. Theyre not always up on the stays when some start moving on
And make it a double for a buck more. Order now with no contact delivery. And we will hold people accountable. State Health Officials are working through a backlog of up to 300,000 disease records after a data glitch distorted californias electronic reporting system which is mainly being used to track covid19 cases. Capitol Bureau Reporter Ashley Zavala explains how soon this error can be fixed. California Health Leaders say it could be 24 to 48 hours before the backlog of up to 300,000 records is cleared and the flow of covid19 data is restored our data system failed a serious technical issue in the cow ready system used to track Infectious Diseases is to blame for the undercounting of covid19 Positivity Rates and cases for at least a week health and Human Services secretary doctor mark kelly says the glitch was caused after an outage in the system on july 25th when the state failed to remove a workaround put in place for that outage galley says one of californias largest commercial l
Into his own hands uber road blocks and queue the countdown clock. Jobs numbers are expected this morning. Estimates are all over the map it is august 7 this is Worldwide Exchange here on cnbc we made it to friday good morning, good afternoon, good evening from wherever you are watching happy jobs friday as well. Looking at futures they are indicated lower down about 130 points. You can see the fair value slightly positive. Anything can happen. It was another big day for stocks on thursday another record close for the nasdaq the 32nd closing high. The nasdaq closing above 11,000 the First Time Ever is now up 62 from the march low if you are some genius who timed it go to sizler, if you can. Gold look at that another nominal record high. In 1980, gold hit about 1,800 an ounce. With inflation, technically higher then. The First Time Since the win streak in may up from 2006 gold is higher around the world different story. We have more in a moment the european markets are trading down not
Capital of beijing. The venue was the China National Convention Center where apex summit meetings and olympic events are held. The Award Ceremony was hosted by waybo, chinas largest social media service. The winners are online video celebrities from various sites. Theyve recently grown popular in china for being dependable and relatable. Theyve been ranked the most admired new occupations by young people today. [ speaking Foreign Language ]. China has more than one Million People who share their videos online. Among them are those serving as influencers in diverse fields such as cosmetics and education. Theyre referred to as kols or key opinion leaders. This event has attracted executives from the media and corporate world. For people doing business online, using these kols can greatly increase sales. The top t ten keyey opinion lea for fiscal 2018 have earned more than 27 million in combined income. The market for the kol business reaches 9 billion yearly. Chinas video sharing culture