Down almost 3 at one point. Jack ma said to surge up the wealth table after a mega dual ipo. Expecting to raise almost 35 billion in hong kong and shanghai viewed Sheldon Adelson rolls the dice in las vegas. He is said to be extorting the sale of his flagship casino which cost more than 6 billion. Shery lets get started with a quick check of the markets right now. We are seeing u. S. Futures opening pretty flat after we saw u. S. Stocks falling the most in the month and the regular session. The s p 500 down 1. 9 . It was the biggest drop since early september. We have the ongoing fiscal stimulus impasse, now on its third month. We also have surging coronavirus cases. Boeing falling on chinas plans to sanction the company over sales to taiwan. We have the u. S. Approving another potential 2. 4 billion of antiship missile fuel to taiwan. The vix closing above 30 for the first time in almost two months. We saw strength in the u. S. Dollar. Take a look at oil prices. Wti rebounding a littl
Billionaires index. Raise 30 5ting to billion in hong kong and shanghai. Aviation in australia. Alice springs emerges as the ideal place to store passenger planes left idle by the coronavirus. Shery. Shery breaking news out of south korea. We are getting the preliminary thirdquarter gdp numbers and we are seeing the quarter on quarter the economy has grown 1. 9 , which is beating expectations of 1. 3 and this is also coming after its first recession since 2003. We saw a contraction of more than 3 in the previous Second Quarter. Youre on your, still a contraction of 1. 3 but its a much smaller contraction than was expected and it is also a contraction that has eased from the previous quarter. We have seen growth and strength when it comes to south koreas exports and manufacturing industries. Thirdquarter manufacturing actually growing 7. 6 quarter on quarter when you look at the details in the gdp numbers. We have seen the rebound in china. South koreas biggest trading partner helping i
1. 1859. Bond markets also turned around. Higher in moving terms of the yield lower in terms of price. That is reflecting what is happening on the bond market as well and by the equity market. Alix, things are turning around a little bit here. Slightlyut to be a more bumpy end of the week than anticipated. Alix watching quadruple witching as me head to the close here in the u. S. The London Stock Exchange is in talks to sell boris teliana to euronext and two institutions. Joining us now from paris is the ceo of euronext, stephane boujnah. We have learned and there were other bids higher than yours but won. Can you give me insight about how that deal came about, and why . I dont know the levels of the bids, and i dont have information on the computing bids. What i know is that the board of directions decided to enter two different positions with us following the process which was run efficiently. Finalizew trying to the signing of this transaction as soon as practical. An options proces
Benchmark Interest Rate at 0. 25 . That is expected. We had the debt maintaining it will continue with the policy of 0. 25 for the beginning of next year. They are maintaining the benchmark Interest Rate. This meeting coming after four new cases ending new zealands 100 today virus free run. Perhaps more later on. Auckland back in lockdown. A lot were surprised about the resilience of the economy. They have to weigh the global risks, as well. The qe purchases are interesting, as well. Most werethey have to weigh thel a bit historic pick for joe biden, the first africanamerican. Pick for Vice President. And the first asianamerican. And some say it will help propel joe biden to the white house. Lets bring in Jodi Schneider to talk more about this decision. It seems this was a no surprise pick from joe biden. What does it tell us about the Democratic Party . First of all, joe biden said he would pick a woman, so thats not a surprise for his Vice President ial running mate. It was thought h
Big stimulus this week as the g. O. P. Rolled out their new one trillion dollar Coronavirus Relief package bill on monday Senate Majority leader Mitch Mcconnell unveiled that plan dubbed the heels are. We meet in Senate Republican to administration have been consulting over the last few weeks to come up with a realistic proposal. With what we think is an appropriate amount of Additional Debt to be good to the economy this. Week it is about a trillion dollars. And weve allocated it in a way that we think makes the most. For the country at this particular time. Already theres a split between Senate Republicans on the bill but next come to go sheesh and what the democrats this is ahead of some looming deadlines all Senate Minority leader Chuck Schumer called the relief package totally inadequate perhaps the most controversial is the unemployment a that runs out on friday and Unemployment Insurance their proposal is fraught with all kinds of problems 1st you dont tell someone whos lost his