Thats the worst performance in two weeks. The dow has been down. Nasdaq have been down five out of six the tech selloff was worst it continued down 3 led lower by stocks like apple the same old story big volatility coming. Those are really the tail thats been wagging the dog for a while. Youll see the nasdaq is lower once again the other two averages hanging in there the s p on the flat line nasdaq down another 50 points. Fur watching what is happening over the last two months they closed. Dow at the lowest level since the third. The 10year sitting at 0. 66 the story that seems to never end, tiktok. Here we go the owner bytedance applying for an export license in china as it pushes for a deal in oracle and walmart. They did not mention the pending deal and technology it was seeking to support calling the deal dirty and unfair they have no reason to approve it all of this raising questions about that prospect and what that would ultimately look like. What happened earlier in the week we
Democratic speaker of the house nancy pelosi opened the debate she called for both sides to put aside their pashas and differences and vote in the interest of the country it is tragic that the president s reckless actions make impeachment necessary he gave us no choice what we are discussing today is the established fact that the president violated the constitution is a matter of fact that the president is an ongoing threat to our National Security and the integrity of our elections the basis of our democracy hundreds of historians legal scholars and former prosecutors regardless of party had stated that the president committed Impeachable Offenses well the Republican House Intelligence Committee member matt get says the Democrat Impeachment will backfire in next years president ial election. Democrats may not have known why they were going to impeach the president but they knew it was an inevitability facts be damned this impeachment is a slap in the face to the millions of americans
And hang seng modestly higher here. This is after we did see liquidity injections keeping that targeted rate at 315. The chinese 10 year bond has been interesting. Yvonne david 313, lowest level since march. You are looking at sterling here as well. He thinks that it has gotten a little wide here at over 100. Sterling is under pressure. It is under more pressure if you measure that against the euro. A record streak of weekly declines. Continuing ratcheting up of tensions with iran. I guess it is about whether Boris Johnson is going to be the successor of theresa may. Certainly a lot of pound traders are focusing on the currency and focusing on shanghai as well. A little more green on the screen here. Really different from what we saw yesterday. For stocks currently in the green. Sawing close to what we yesterday. David it was a bit crazy. Giving your declines, this is 20 out of your 25. If you look at how they have done year to date, there we go, still up 360 in some cases. The program
Silicon valley chiefs head to the white house for talks that may lead to the easing of the sales blockade on huawei. Shery we will have more on that big tech meeting in washington and what this could mean for the huawei been later on Bloomberg Technology global link. First, that get you started with a quick check of how the markets closed the market session. A positive session for u. S. Stocks. We saw the s p 500 gain ground, up 3 10 of 1 . A couple of analysts calls, including one on apple, with Morgan Stanley boosting its price target. That actually made apple rally and the biggest winner on the nasdaq. Micron finishing more than 3 higher after Goldman Sachs listed it to buy from neutral. We also have some positive news on the u. S. China trade front. There could be talk about a potential deal in congress on raising the debt limit, that came after the market closed with President Trump saying a deal had been reached. We will have more details later in the show. Meantime, u. S. Ventur
Ban on huawei. Grounding may have serious implications for boeings future credit worthiness. Shery lets get you started with a quick check on how markets closed in the monday session in the u. S. 3 , as we rallied had tech shares leading the gains. The Philadelphia Semiconductor index up 2 . We had some positive trade news on the u. S. China front, not to mention a time of earnings and analyst calls. Apple being the biggest win on the nasdaq, up. 7 , with Morgan Stanley boosting its price target for the stock. We had Energy Shares gaining ground with crude jumping the most in more than a week. Tensionsanu. S. Ongoing in the middle east. Lets see how things are shaping up for the asian market. Pointing tores are modest gains in toto, sydney, and seoul. Tech firms very much interview with optimistic call travel and macron plus micron plus. On the koreajapan parade fund, governmentont, a official from south korea reportedly said the country is preparing a plan for a Semiconductor Test to