Far, but the lowest number of daily deaths for some time, Governor Cuomo saying 474 people died in new york in the last 24 hours. We have cases surging in italy, singapore, ireland. Treasuryetary of Steven Mnuchin says most of the u. S. Economy will be open by august. I want to bring in our markets reporters taylor riggs. Taylor, what is driving the rebound in particular today . Taylor markets are breathing a sigh of relief. We are waiting for the 480 4 billion stimulus package to go in front of the house. There will be signs of the flattening of the health curve we have been talking about, as well as earnings. Were getting back some of the fundamentals, and Oil Rebounding after six Straight Days of losses, so mark is taking a sigh of relief. Look at the stocks within the chipmakers. Up almost 6 , having one of its best days, the biggest outperformer. A lot of earnings are underway, so getting back to fundamentals of what is driving this market. Two companies in that soft index i want
The hang seng at the moment. The two thirds of 1 . Lets look at what is going on with the nikkei. Market, we are seeing a move to the upside. A case of bad news and good news. Indicating they could institute Interest Rate cuts. Lets get to the other asset classes. This is where we find ourselves at the moment. It must have been quite a meeting between the fed chair powell and his boss, the president. It must have been. A yield to that has barely been budged in. We have been seeing them lurch higher. More uncertainty in the haven buying. Pence against the euro. That is sterling moving to six month highs against its european counterpart as the threat of a hard brexit recedes. Aussie dollar moving to the downside. Just under . 68 u. S. Where it istuation to the downside potentially. Theyof many are saying would not be surprised to see a 66 handle in the nottoodistant future. Then we have the Violence Center stage in hong kong. It is continuing. That continues to be our top story right now
Tenyear. It is unchanged, 1. 83 . A point of reference more than anything else. Of positivity with regards to whats happening for sterling. Withabour party coming out drives of its manifesto, some are saying making it relatively unelectable. That would make perhaps a move on brexit, or Boris Johnsons deal on brexit. Stablepretty much against the dollar. That as we get growth details a little bit later. Lets get from whats happening here in new york. We have first word news with su keenan. ,eporter we start in the u. K. Prime minister Boris Johnson aims to win the support of u. K. Business leader today, offering. Ax cuts as an olive branch the december 12 the vote could determine how or even if the u. K. Ultimately leaves the european union. Saudi arabia has agreed to lower its valuation of the energy thet aramco to pare back size of the initial ipo to make sure of its successful about half of what has been considered for the ipo. It is seeking a valuation between 1. 6 trillion dollars
In their case they say by 2025. But they are, theyve pledged 5 billion. This is so much more ambitious plan. Of course, the labour party is saying it will pre National Part of British Telecom as part of that plan and so there is also bubble their and so there is also bubble their and they also say it will be paid for by a new tax on the Tech Companies that will somehow be the ones responsible. So it is how you are structuring it. This key it, because we all expect greater broadband and that is because lives have changed. More and more is done via online, whether a dish shopping, viewing or whatever. Basically, via online, whether a dish shopping, viewing orwhatever. Basically, both parties are saying it. Labour says it in parties are saying it. Labour says itina parties are saying it. Labour says it in a different way and it includes renationalisation of the telecoms but for me the key thing is that we have accepted we need to have broadband and we expected. At the moment only 7 of the
Yet over the past few years faced criticism. Many critics on the lift argue that social media giants enjoy special protection. They allow speech without worrying about consequences. Right havecs on the argued that these companies have gone too far in policing these devices or at least two far in policing conservative voices. Criticisms, wese have seen calls to reform this section, and it is these calls that we are going to discuss today, and i often use the phrase, an allstar panel. This time i mean it especially. Is thetely to my right author of the 2014 book hate crimes in cyberspace. Next to her is jim harper, and over on the and is the assistant for pfizer of Cyber Security law at the Naval Academy Cyber Science Department and author of the book the 26 words that anded the internet welcome all. Let me start with jeff. Sure, ore know for reasonably for sure, was the intent behind section 230 . Legislators feel the need to bring this into being . Reasons. Are two main the first was t