Covid vaccine trial has been put on hold after a patient suffered a serious reaction. Australian corporate earnings set for a tough recovery after their worst slump. Will be asking about the challenges ahead including tensions with china. Shery lets get a quick check of how markets are trading. We are seeing u. S. Futures again under pressure. Down 7 10 of 1 . This as we continue to hear more reservations coming from these vaccine makers. We heard from astrazeneca after the close. We already had some skepticism over what happened to those vaccine approvals. We also had the text selloff accelerating. We saw the s p 500 sinking to a four week low. Not to mention ongoing u. S. China tensions. Every sector on the s p 500, 11 of them were down, led by tack and energy. We had the nasdaq composite losing more than 4 during the regular session. Take a look at some of the biggest decliners. We have tesla sinking almost 20 . This after shares were not added to the s p 500. A had news that rival
Boris johnson sparked outrage. News out ofing south korea. We are getting the jobless rate falling to 3. 2 percent. The expectation was that the jobless rate would come in at 4. 2 percent so this is much better than expected. We are also talking about the sixth straight month of decline in jobless rates. That 270 4000ring jobs were removed in august from a year earlier. We know that south korea has seen its government really boost those job creation efforts not to mention we could have seen domestic demand being held by the Summer Holiday season and more jobs being available. The government pushing for a fourth extra budget. This is of course helping workers and businesses who lost income due to the latest restrictions and jobless rates. 3. 2 . In for august at watch out for what happens later in the following months given we have seen this flare up in virus cases towards the end of august, haiti. Haidi. Haidi pretty dire numbers coming out and we continue to watch what happens when it
Know the state of your health that day . A few weeks ago, Reed Hastings surprised the corporate world when he said even though he was the ceo and founder of netflix, he would give up that position and become the coceo. I have been a coceo for a while. It can work and it did work for me but it is challenging to be coceo. Ceo and be the you realize he does not have a big ego. He is willing to listen to other people. I think it will work and i think it is working. Public iny now, point 2002, the market cap is up 86,000 . Stock is up 41,000 since then. Did you ever think it would become that big, that successful . No, because then i would never have sold a share. You never know on that. Honestly, there has been a lot of luck along the way. Blockbuster could have wiped us out many times. Off blockbuster in 2004, they saddled them with a billion dollars of debt as their goodbye kiss. That severelyn limited blockbuster when they attacked us. That was one. Another one is blockbuster had is on
Well despite the fact that we speculative trading should be curved up, well see how yum china is doing but a muted debut so far here in the city. We are expecting a Bank Decision highly expected to stay on hold here today. Also with the ecb as well. Watching the euro very closely. Did gain yesterday on the back of a report that some ecb officials having a little more confidence in the recovery from this pandemic ahead of its policy meeting. Theyre likely to hold. Well see what they say about the strength of the currency. 118 for the zero dollar. Pound still under pressure here. Things like the seems like the e. U. May be take manager Legal Proceedings or measures here to stop the withdrawal from this deal that Prime Minister Boris Johnson has been play to play out here. Your indonesia rupia as well. Recovering a bit on concerns about the Central Banks independence. Government think ceying it was opposed to the plan of a monetary board being set up at b. Y. Well dig deep beer shah in a
It is the end of an era, possibly. Prime minister shinzo abe plans to resign for Health Reasons. He is expected to make an announcement imminently. Jerome powell plans to let inflation and unemployment run there if he can get them in a ship that will likely keep Interest Rates low for years. Tiktok. Battle for walmart joins microsoft making a joint bid for the apps u. S. Asset. Can they fend off oracle . Just under an hour from the start of cash trading in europe. Lets look at futures this morning, even as the nikkei 1. 4 , you know, it had been gaining, the topics and the nikkei had been in the green and both fell. European futures are holding up. We still see green arrows on ftse and dax futures. Take a look at u. S. Futures. Green arrows there as well. Even after alltime highs once again hit yesterday on the s p and the nasdaq and the shinzo abe resignation report pulls down japanese stocks, u. S. Futures holding strong. Atside of japan it remains risk on and to the week. Anna a lot