Basic terms of the phase one part of that deal. That is coming from the wall street journal, among other sources saying that the deal is not a finished or kaput deal at all. So well see how the market responds to that. Some mild positive reaction to all of that. The s p in record territory. The nasdaq in record territory. Both hit records yesterday. Any gain today is a record. Were following a couple of other developments. Well pursue it with the tiktok head of u. S. Policy on this giant move right now to find alternatives to how tiktok ultimately is or even if it will be sold off or kicking the companys tires. The president intrigued by that. He said he would support an oracle move. He said a couple weeks ago he said he would support a microsoft move for the company. Well speak to the novavax ceo on the latest vaccine trials. If you had gotten into this stock by the way at the beginning of the year, you would be up more than 2,000 but whos counting. Day three of the Democratic Convent
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
Alltime high. As you can see, it closed in the red. The dow squandering a 360 gain to close down more than 100 points tesla announcing a five for one stock split. Leading todays tech losses amd, apple, microsoft, amazon all falling more than 2 guy, what is your take on this big turnaround i would have thought Something Like this would have happened weeks ago i think the reversal is interesting. Well see if it holds up tomorrow to your earlier point, i mean you saw a pretty significant reversal right around an alltime high in the s p 500 if theres one thing i would attribute it to, dont discount the fact i think its actually pretty important, the news out of the big ten cancelling their football season. Thats pretty remarkable if you think about how meaningful it is to those schools and the local economies. I think that was part of it today and i think the other part of it is the stocks have been on such a ridiculous run, it was just a matter of time before we saw a move of this magnitu
I think you need about 25 points to get back to the previous record that was set, were about 25. 68 points below it. The s p futures indicated up by 21 s p has now been on a sevenday winning streak, and youre looking at the longest winning streak its seen since april of 2019 nasdaq was down yesterday, but it is indicated up by close to 60 points this morning the dow was up by over 350 points yesterday to kick off the week treasury market this morning, right now youre looking at the tenyear yielding right about where it has been. 0. 599 that yields a little higher than we have been sitting. Brian, this news about putin and this potential vaccine is huge, but i think we do need to take it with a grain of salt. Youve been all over this already this morning. Well, trying to make sense of it, becky. Good morning as well you have what you think are the markets sort of key points, right . Trillions of dollars in stimulus, potential for payroll tax cuts, all the market themes weve been talking
The simultaneous listing could bring evaluation of 225 billion dollars and may raise more than aramcos record sale. Day twot lady headlines of the republican convention. The theme is the land of opportunity as Melania Trump makes the case for her husband winning four more years. Working news at the moment. We are getting confirmation that the u. S. Business will be charged in a generic drug pricefixing probe. This coming from the department of justice, saying the Pharmaceuticals Company was charged for its role in a saying teslas u. S. U. S. Mers tevas consumers were charged 350 million. It was charged for conspiracy including landmark and glen tech. Nd apple it is falling more than 4 in postmarket trading. Teva pharmaceuticals being charged with conspiring to raise prices for generic drugs. This is after years of pricefixing in the generic drug market. The doj saying it is the seventh company to be charged with generic drug pricefixing. Teva was charged for pricefixing. You can see th