Ecommerce the big baba breakout. We start off with the end of an era. Exxonmobil getting booted from the dow after nearly 100 years in the index exxons tenure as the longest serving dow component comes to an end on monday when salesforce takes its place. Exxons removal from the dow is nothing less than a remarkable sign of the times. Just seven yearsago it was the largest publicly traded company in the United States since then, shares have been on a steady decline exxon is down more than 40 in 2020, on pace for its worst year ever so is exxons removal from the dow a sign that big oil is dead money . Guy adami . I think so. Its something weve been saying for a while. I think they finally came to the realization that the worlds changed. Energy is not nearly as on the to the u. S. Economy as it was a decade or so ago i guess we have to make a choice between chevron and exxon. For whatever reason, im sure they obviously have their reasons, they picked exxon to remove i think exxons been in
On the value of its new business, following the fall since it listed the most. We will be joined by the ceo. Reports amid rising u. S. Tensions and fears of backlash from the white house. More challenges may be growing closer to home. Lets get a quick check of the markets with sophie kamaruddin. Stocks with a subdued start, futures lower. Kiwi stocks higher by 0. 2 . At m a, andlooking south korea raising a red flag. In sydney, stocks hit a fivemonth high. Qantas hosting its first loss in six years and warning it will not make money in the next financial year. 2000 after retreating on the fed minutes. The index going since jumping the most since june on the fed. One analyst said he does not think positioning is stretched, but even with broad dollar weakness, asian currencies have underperformed, but record forex reserves are one key reason. Steady afteryuan retreating from a sevenmonth high, retracing gains it has seen since last month. Focus, callsira in for the central bank in turkey
Of todays lecture, to encourage you to pretend as if you are in church and to move in, scoot in , if you would, to give folks who are, not necessarily late arriving, but people who are fashionably on time room to sit. I should say that this answers an ageold question for me. Which is, if there is anything that can depress the turnout for a lecture sponsored or cosponsored by the center of president ial history, i think we have the answer. Which is no. It was raining cats and dogs a few minutes ago. And i wondered, will there be people there . And sure enough, here you are. I tip my cap to all of you, you are in for a treat this evening. Thanks again for coming. My name is andy graybill. I am the director of the Clement Center for southwest studies. I would like to thank the many people who helped make this evening possible. Starting with our friends for whom we are cosponsoring tonights event. Thanks to jeff, who directs the cph. Especially bono spitz, who along for those people who ha
Begin with the latest flare up in china beijing announcing new security measures in hong kong send iing the hang sang to its worst day in almost five years the move escalate iing tensions with the United States with President Trump threatening quote unquote strong reaction to the crack down so does china become a bigger head wind for the markets . Pete, what do you say . Yeah, it seems like theres a dimpt new story every day that seems to lead us up or down. On literally every day, whether its earnings one day that we focus on unemployment in your opinions. China, another day the virus of course and somebody having sort of a vaccine of some sort or another. Always something leading the markets. What i was encouraged by today, china and the u. S. And some of the issues were going to be facing Going Forward it seems to me like weve shaken that off well its been an impressive ability of the markets we could have slid easily today and down 400 points going into the weekend like a friday or
Its time for western got worse i was having children fever i didnt have any sense of say source now im in the most you know and the world would you. Recently she was under the orders you to. That was simon is on the ground 0 for research. I have to. Push myself how close are they for me in the 5 days im going to. Go. This is the one business show you cant afford to miss friendship or in washington coming up i could go to the wood to come to get in so many dotty and national you need to come from this pond and meek as the pandemic continues to take a toll on Global Health and well the w. H. O. Is calling for unity to combat the cold but 19 outbreak straight ahead we break down the global numbers and how International Markets are reacting plus boeing is back in the headlines after scrapping a joint venture with temporary we bring you a live report on the Aerospace Giants latest move and Oil Continues to sink as storage nears capacity amid the massive decline in demand we take a look at t