By market. Indonesia coming online. You are seeing a marginal gain. Although when it comes to the virus, the deadliest day yet in indonesia. The story is chinese stocks. The csi 300, we are up another 3 , extending the fiveyear highs. All four of the major benchmarks in china in overbought territory. Is it the case of foam a of fomo . The topix up by 1 . We expect the earnings season to kick off with consumer stocks. The market has underperformed as of late. We are also watching currencies. We mentioned the dollar, posting the drop. Across asia fx, a strong renminbi. Risk on move today. Brent crude, hovering around the 43 mark here. Commodities gaining ground in the second half. Copper futures slightly lower today, but up last week for the seventh straight week. Lets get context with our reporter. There seems to be a very clear upward trend when it comes to virus infections in the u. S. Several other economies have reopened. How do you see that affecting markets right now . Reporter ri
Corporate taxes will rise in the united states. That is the possibility, they will not rise as profoundly as they drop. I think it is not clear whether we can make that case or not at this point. Romaine we are speaking with stephen whiting. Here is where we close on the day. Pretty much a risk on day with all of the major indices, including the russell, getting in on the action. Caroline nasdaq up 2. 2 . You really can see where the commitment is within the sector. Volumes were lower. Just coming off the back of fourth of july. Indeed, about 10 for the dow jones in terms of trading. It is notable that we are seeing such outperformance from the nasdaq come up 16 year to date. Romaine we crossed back above some key technical levels. The 50 day moving average, it had actually been declining toward the middle of the end of last month. The s p 500tocks in that at one point today traded at or above the 52week highs. Most of those are actually record highs. You definitely have some enthusias
Tread the virus spread between people to the highest level. To the lowest level. Abigail very risk on. The bulls rushing back in. S p 500 up for a fifth day in a row. Longest winning streak of 2020. This is the first time we have had a fiveday string of gains. That tells you the degree and strength. Individual stocks having positive news. The nasdaq had a new alltime high. The stock, the chips index, same thing. Faang index driven by the likes of amazon and tesla. The fangs, those are the stayathome stocks. You were mentioning the virus data still being pretty bad. Realworld. Een the last couple of days, it has been a global rally with asian and european stocks. The new york faang adex really doing its best on yeartodate basis. Then it is the chinese tech stocks, the cqqs. Up 22 . S s p 500 and European Tech etfs up just about 6 . That has to do with those European Technology indexes. Nokia, somerickson, of these other companies. Tech, one of this years star winners right around the wo
George floyd 4 minneapolis por uses to similar but a different kind of restraint blamed for killing floyd. As calls to defund the police grow louder some democratic lawmakers say the message is often misinterpreted a los angeles representative Nanette Barragan says the idea is to invest money taken from police and put it into things like housing and education, supporters argue that some cities are overspending on police and at the expense of other Community Investments. Senator Kamala Harris is arguing that more Community Investment is a way to make neighborhoods safer. We have confuse. Having safe communities with hiring more cops on the street. The White House Press secretary says Defunding Police does take away essential resources from law enforcement. She says theres just no interpretation of this proposal that the president will support. We talked today to San Franciscos police chief to get his take and well have more on that coming up. Time for another check on the forecast lets
Officer, the group made up almost entirely of democrats urged each other to take accountability and create change but its the hardest thing you do. Is neil for almost 9 minutes out of this. Youre not working hard enough. Because this is a show. And unlike so many frustrated protesters in young people and people in the community and people who are facing this every day on like them we have the opportunity to immediately do something about it the black legislative caucus has already presented its list of priority bills many of which have to do with Justice Reform some of these bills will be considered in the legislature this week and next join us and playing a leading role in the next coming attraction and reforming racism and Police Brutality in this state as well as this country. In sacramento, Ashley Zavala kron 4 news. California lawmakers want to make it illegal for police to use a type of neck cold that blocks the flow of blood to the brain that proposal apparently goes. Beyond wha