The move against tech talk the worlds Fastest Growing social media site was expected to benefit was not. In just 6 weeks those uploading videos like this 2 mobile app ticktock could find themselves on the wrong side of us. The u. S. Has around 100000000 ticked of uses but not for much longer here. On thursday washington issued an executive order banning u. S. Transactions with tick tocks Parent Company the white house believes the app threatens National Security saying it was Chinas Communist Party to spawn on u. S. Citizens the controversy centers around this company by doms based in beijing it owns numerous apps including to recently u. S. Software Company Microsoft expressed interest in buying ticked up from by the white house says if a u. S. Company bought the app the bun could be avoided. The u. S. Governments executive orders also include 10 cent holdings the chinese of we chat hugely popular in china the messaging and social media app could soon be banned in the United States an
At 10. 01 per barrel. It did manage to scratch back about 126 of yesterdays 300 plus loss but energy has swamped the stock market over the past 48 hours, completely wiping out fridays 700 plus point gain for the Dow Jones Industrials. Right now we are looking at the dow swooning at the moment, down 562 points. Thats good for a 2. 33 loss. All three major indices are facing a second straight day in the red. Could a lifeboat arrive within just an hour or two . Word is congress is coming together as we speak to replenish the Small Business rescue plan with a fresh 310 billion round of loans. As some big banks, though, play favorites with the First Tranche of money, nontraditional lenders are fast gaining more respect. Weve got the chairman and ceo of one of them. He has already delivered 2 billion to Small Companies and is ready, willing and able to do it once again. Got to hear how hes doing it. And hollywood is on hold as the sopranos prequell sleeps with the fishes. Steph patt ernot is
The Global Supply chain factor. Early facebook investor Roger Mcnamee joins us for what the virus means longterm for Companies Like apple and tesla. Paul, dramatic day for the markets and elsewhere. Why are you following . Paul tuesday trading day in asia, i guess the question is, to far is this stone going think . A drop asoking for well, about 2. 5 . Nikkei futures, big hit, 4 . South korea had one of its worst days and 17 years on monday. Japan of course playing catchup because monday was a Public Holiday. Take a look at currencies. The aussie dollar hit the yard over the past 24 hours. Currently just hanging on above . 66. The aussie 10 year continuing to slump toward historic lows. Of red. Uyh a lot in the u. S. , stocks tumbled. Three benchmarks slumped. Good to Abigail Doolittle lets get to Abigail Doolittle in new york. Abigail the markets selling off in a big way. Here in the u. S. , a three day slide. This is the worst of those three days. Friday, the disappointing pmi number
Many have the potential to be 5 the b billion drugs. The nasdaq closes at an alltime high as the fed is focused on the next move. And the eurozone pressures as german Producer Prices fall more than expected in the softer energy rates. Microsoft unveiling its latest lineup of a. I. Focused pcs as the race to get Artificial Intelligence tools into the hands of consumers and businesses heats up. Good morning. Welcome to street signs. Great to have you with us this morning. Lets get back to the top story. Astrazeneca aims to reach 80 billion of revenue by 2030 amid Significant Growth with the oncology and rare disease portfolios. The pharma giant will expand the drug pipeline with 20 new medicines. Arabile is joining us from cambridge. You have been talking to the cfo. Reporter i have carolin. It is one thing to have an ambitious plan, but another to get the growth from. You are nearly doubling the revenue from 45. 8 billion the to 80 billion by the end of the 2030 timeline saying they pla
We see the pboc once again holding steady, keeping that yuan at a steady level. Yuanconomists saying, the can rise, it can fall, and we will combat both moves should we need to. The dax up 0. 5 . Big vote on wednesday. Angela merkel trying to rearrange her schedule to get this vote through, talking potential debt relief for greece. Trying to woo the imf to get on board with the third bailout being offered to greece. That third payment comes on august 20. We are higher across the board looking at the eurozone when it comes to equities. The euro is down against the dollar. Weve got Interesting Data coming out of the u. S. Later today. We got manufacturing, inflation, we also get fed president william, voting member, speaking on his view of whether has what happened in asia changed the Federal Reserve . Still about 5050 think we will get the goahead in september. Euro still slightly lower against the dollar. Lets have a little look at how the Chinese Renminbi is doing. Stability back on c