Open, but the dow currently having its best monthly gain since january of 1987. That ev revolution, it is rolling on in the stock market tesla tops half a trillion dollars in market value for the first time shares of nikola sinking this morning. Covid surge, cases and hospitalizations at record levels why experts fear thanksgiving could be a socalled accelerator event. Lets get your take on where you think sentiment is now i saw you writing yesterday about the fear and greed, pointing more to the greed. People are there is a belief phase in this rally that has probably started this comeback from march, eight months ago, ishas fed on disbelief. Between the seasonal forces being strong and the clearance toward this post covid moment with the vaccines, it all did come together. Also, though, with the grab for cyclicals, laggards, anything that moves fast, anything that seems like it was really dented up by this whole phase, now, sentiment, it is not a moment in time people say, all too bu
Critics say he failed to deliver on most of his promises. One of chinas biggest conglomerate says it is optimistic despite divisions with the u. S. From the boss involved. Shery we are getting Industrial Production numbers from the month of july in south korea falling. Missing estimates it would only fall by around 2 . We also have the month on month numbers. A gain of 1. 6 . That is missing estimates it would rise more than 2 . This is also a deceleration in gains when it comes to those numbers from the previous month. We do have the outbreak in south korea worsening. Virus pandemice within south korea and overseas. The numbers are not that surprising. Improvingn numbers and the slump easing for the past three months. When it came to the numbers in august, we saw the number starting to deteriorate. We are seeing those Industrial Production numbers missing estimates. Contracting 2. 5 year on year. We do get tomorrow, south koreas Second Quarter final gdp numbers. We will be watching th
I find it absolutely amazing we find ourselves in a situation where what is happening with hong kong, the china trade deal, the economy, the rioting taking place in the u. S. , and the equity market just shrugs it all off. Only shrugs it but continues into the value trade in the deeper cyclical trades. Everyone was saying, this is not going to last, yet it still continues. Lets break down more of the markets and how do you feed in the u. S. China trade tensions. Joining us now is nathan sheets. He is head of Macroeconomic Research and a former u. S. Treasury secretary for international affairs. Always good to chat with you. In your expertise with the relationship between the u. S. And china, are we at a standstill or do you see the evolution of stronger rhetoric leading to economic section sanctions leading to more tariffs . Nathan my expectation would be that we will see further tensions between the u. S. Into china Going Forward. China Going Forward. Disagreements are about trade, te
Crisis. Were watching our to International Coming to you straight from the russian capital thanks for joining us this hour lets begin with the latest figures on code 19 the Global Pandemic is still raging number of confirmed coronavirus cases has now surpassed 3000000 more than 883000 people have recovered but the number of fatalities has risen to more than 207000. With the World Health Organization warning that the worst of coronavirus may yet be to come for africa some countries on the continent are taking a novel approach to stopping the spread of gaza he explains. On the surface africa appears to have escaped the worst of it so far so only about 30000 cases and a 1000 deaths for a continent thats home to more than a 1000000000 people but thats on the surface and already Health Care Systems that because it means are crumbling at the same time while were dealing with go over night eat pandemic were also on the break of a hunger pandemic for the crawler virus even became an issue i wa
Weigh s wider restrictions on huawei road map begins with apples coronavirus warning cautioning it does not expect to meet quarterly revenue forecasts. Shares are sinking and dragging the dow down with it plus big tech needs more regulation. Why Mark Zuckerberg is calling for more scrutiny of facebook. And walmart earnings look to fall short as the whole day season takes a hit well hear exclusively from Doug Mcmillon in a few moments. Apple warns it will not meet prior revenue projection due to the coronavirus outbreak the virus limited iphone production and resulted in weaker demand in china jim was talking about getting hit on the supply and the demand side although that original range was above estimates. So how much are we really losing i think that people dont want to hear this. Everyone that i spoke to the chatter is come on, jim, its really bad i disagree in terms of the rest of the world its gotten better part of what i hear, the work i do dont forget, a lot of Service Revenue