Tech and bond trades play out. Lets dig a little deeper into the virus story in the u. S. U. S. Infectious disease official Anthony Fauci says it wont be a pandemic a lot longer because of vaccine progress. Joining us now with more is bloomberg Senior Editor drew armstrong. We all want to have the monday where we were very happy about the Pfizer Biontech results. What if the state of play in the u. S. . Drew the state of play in the u. S. Is brutal. We are sitting case records because of uncontrolled spread in huge amounts of the u. S. Hospitalizations are higher than they have been at any point during the pandemic. During thet pandemic. Depend on who you ask, 1500 sorry, 1506 to two deaths in the u. S. Yesterday, a number we havent seen since the early days of the pandemic. Numberout every single or way you look at this that you can is going in the wrong direction right now, and newman the hospitalizations and knowing that hospitalizations after that, it is going to be a grizzly pictu
Territory in a single trading session. For some, it was even worse than that check out shares of apple down it lost 180 billion in market cap. That is the largest oneday lost for a u. S. Listed company on record if that isnt enough to get your attention. Apple lost more in market cap yesterday than the individual market capitalizations of 470 of the companies in the s p 500 it wasnt just apple microsoft, alphabet, microsoft and even tesla saw their market caps shrink. Microsoft down by 115 billion amazon off by 93 billion. This morning, things look a little better. You still have the dow down 150 points right now, it is reverse that up 300 points the nasdaq saw the biggest declines, up 27 points right now. We have to keep that in context a few things in here as well talking to people all day yesterday, here is the list. Youll want to know exactly what happened it was the nasdaqs largest drop you dont go up 400 and down that will be highspeed trading. That would matter until they do. Va
A substantial fall in secondquarter gdp. Raise to succeed shinzo abe heats up with a long time i lay set to announce his plans. Allys the a longtime set to announce his plans. Taking on the set up from markets this wednesday morning. We are seeing muted price action so far with futures edging higher. The nzx 50 adding 4 10 of a percent. This after the tech that the tech lead rally that saw the nasdaq pushed closer to 12,000. In australia, stocks may edge higher after the worst job worse drop in month. A decline was on positive building data. Checking in on the aussie dollar ahead of the Second Quarter gdp reports. Holding below 74 but still near a two your high. Offshore yuan holding a three year again. The value may test the pbocs tolerance. Check out the euro back below 120 after reaching that level for the first time in two years after the ecb member philip blaines remarks the level does matter from i terry policy. The dollar rebounded from a two year low. As u. S. Markets and tech
Data likely to report a substantial fall in Second Quarter of gdp. It will confirm a first technical recession in 29 years. Raced shinzo abe after he set his plans. The backing of the ruling party. Voters have another view. Haidi we are just getting south korea Inflation Numbers crossing the bloomberg. Slightly more inflationary when it comes to consumer prices. When it comes. 7 to the year on your number for soft arena. Southxpectations korea. Beating expectations. 3 . The month on month number of. 7 . Betterthanexpected expectations. Cpi caore number year on year coming at. 8 . Continuing to edge up. Still shy of 1 that we are looking for. We are starting to see a recovery when it comes to domestic demand. The influence of supportive base effects. Hoping to lift the inflation somewhat. We have the renewed resurgence in virus cases in the letter half of the month, likely to be accounting for the fall. Energy costs still low compared to the previous year. They are picking up. That woul
Hello, hello. Thanks for being here. I wish we were able to talk to folks outside, but we are keeping our social distancing and playing by the rules. Good afternoon, everyone. This is ano kamala, exciting day. This is a great day for our campaign and a great game for great day for america, in our view. I have had the incredible privilege with meeting and spending time with a talented group of women leaders, all of whom are qualified to be president. With each one, the more i learn about them, the more i talk to them, the more impressed i was, even though i knew that before. I want to thank each and everyone of them for being part of this process and i look forward to working with them as we rebuild this country, to get elected and once we are elected, god willing. I approach this with a seriousness, a purpose and a mind, because this is a serious moment for our nation. We are at one of those inflection points you have heard me say that before in our history. A lifechanging election for