Good morning im Frank Holland in for Brian Sullivan here is how your stocks are shaping up the dow is open, the s p up about three. Nasdaq implied open up about 35 points still on pace for the broader losing streak. Closing down more than 1 with amazon closing down two and a quarter percent. The russell 2000 up more than 3 since monday where its best Weekly Performance since august 8. Perhaps a rotation on the way. More on that coming up first, we have to check the stock of the week. Thats snowflake after the surge of trading on wednesday, the stock was down 26 yesterday and on track for more losses this morning that stock down about a percent and a half well continue to watch those shares checking action around the globe, matt taylor in singapore and karen tso in london. A fairly lack luster week in the markets. We did modest gains coming through. We did see weakness when it comes to australia or new zealand. It was a lateday rally ending up more than 2 . You were talking about the na
Monetary policy but says more can be done. A year after listing in hong kong, a Logistics Company discusses real estate, fund management, and the impact of covid19. We speak with the chairman later this hour. Haidi breaking news crossing the bloomberg when it comes to the pmi indicators out of australia. For augustumber still in contractionary territory at 49, better than the previous reading of 48. 1. The pmi composite number, a little bit of an uptick but still in contraction territory. It will be a while before we see a meaningful recovery given we are hearing in domestic media that the state for restriction law down in victoria, melbourne, and surrounding areas could be extended by another two weeks as we continue to get these numbers out of victoria. We have seen a jump about 100 new virus cases for the first time in three days. Another exuberant session for the u. S. Tech underperformed. The s p jumping the most in almost two months to another alltime high but interestingly, the
Just released. Hes a former staff director for the Senate Armed Services committee and prior to that he was advisor for john mccain and previously held other positions in the government. Right now he is the chief Strategy Officer that builds capabilities for the military as well as the department of Homeland Security and we can talk about that as we go through the interview thank you very much for being with us today. Its great to be here. So just to start off with what led you to do this book . Youve been thinking about these issues for a while and obviously this is something youve encountered a lot during your several years on the Armed Services committee and with senator mccain as a policy advisor what was the genesis that led to you sitting down and writing an entire book . Its a great question and i asked myself that constantly, why did i get into this every day i was working on it . I guess it was basically two things. One was and both of these were a product of the many years i
Deny inequality. And with the culture from the new yorker now as a Technology Reporter winning the award for distinguished the us with other giants that appear often on cs one cnbc and msnbc please keep line to the right. [applause] i thought there was going to be 20 people here. [laughter] like a fireside chat. [laughter] and with a congressional hearing. I will not curse tonight, i think. You should probably start off reading something and if you have read any part of the book. Thank you guys for coming. Ive been too many events at the bookstore and a person needs to go on a run to hear. [laughter] for thank you for coming. This is very nice. So a section about Venture Capitalists. [laughter] and then capitalism. [laughter] thank you for your service. [laughter] do you think yourself as a therapist in brooklyn . [laughter] thats a little strong for the intake session but i caught myself following Venture Capitalist on the microblogging platform wasnt an act of self care. Venture capi
And many publications. And mikes coverage won an award for distinguished business reporting. He writes frequently about uber, facebook and other socalled giants for the times and appears often on cnbc bchl krch , and msnbc. The book signing will be in the back and appreciate if you keep the line along the wall to your far right. Enjoy reading, everybody. [applause] i thought there would be 20 people here. Yeah, its all friends, friends and and a fireside chat. A congressional hearing, be on your cspan behavior, all of us, especially mike. Yeah, im not going to curse tonight, i think. Im going to try not to. I was thinking and i think you were thinking you should probably start off with reading something. I dont know how many people here have actually read any part of the book, but i think it would be nice to, you know, have you read a part. Thank you, yeah. Thank you guys for coming, also, and especially those of you who are standing. Ive stood at many an event at this bookstore. By fr