It damaged the lobby were the first ceremony took place in 2004. The demonstrations have ripped the city for nearly three months since george floyd died in police custody. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Vonnie it is 1 00 a. M. In hong kong. I am vonnie quinn. In just moments, i will be speaking with the ceo of Arena Investors and discuss how he is finding opportunities amid the economic fallout from the pandemic. Earnings for target. The Company Posted record sales emerging as a winner in the covid19 era. We have the latest retail roundup. Ready set, opec. Roducers are meeting together we have the latest. Lets get to the markets. We saw a reversal of the trade with the nasdaq down earlier and other industries higher. We have the s p 500 up five points. The 10 year yield at 65 basis points so up from yesterday. We are anticipating results fro
On the value of its new business, following the fall since it listed the most. We will be joined by the ceo. Reports amid rising u. S. Tensions and fears of backlash from the white house. More challenges may be growing closer to home. Lets get a quick check of the markets with sophie kamaruddin. Stocks with a subdued start, futures lower. Kiwi stocks higher by 0. 2 . At m a, andlooking south korea raising a red flag. In sydney, stocks hit a fivemonth high. Qantas hosting its first loss in six years and warning it will not make money in the next financial year. 2000 after retreating on the fed minutes. The index going since jumping the most since june on the fed. One analyst said he does not think positioning is stretched, but even with broad dollar weakness, asian currencies have underperformed, but record forex reserves are one key reason. Steady afteryuan retreating from a sevenmonth high, retracing gains it has seen since last month. Focus, callsira in for the central bank in turkey
All report Record Numbers of daily deaths. We are getting set for samsung results. We will find out how the pandemic has hit south korea smartphone makers later in the show. A look at how we are shaping up this thursday session. We will start with u. S. Futures. All eyes really looking at the fed, looking at jay powell. He said this is particularly the biggest economic shock in memory for the u. S. Prospects for further monetary stimulus, just incremental progress when it comes to negotiations, more fiscal stimulus, i should say. Chicago nikkei futures looking unchanged. It is a massive earnings day in japan, expecting results from hitachi, panasonic, as well as waiting on japanese retail sales. Retail sales coming out of hong kong later on. That is expected to be another grim picture. The yen, wonderful 97 is where we are. Steady below that one of five handle, the dollar coming under pressure from that super dovish fed and the dovish comment from fed chair powell. 41. 37, getting that
Europe is different than america. The 12 number is equivalent to number yesterday in the United States. It is showing tension in europe as well. Friday low on this is it absolutely extraordinary . Francine i feel like we have not had a quiet newsday on a friday in quite some time. E had quite a lot of earnings quite a lot of politics with the latest declarations by President Trump, and there is just quite a lot overall in geopolitics as well, so we will get through that in a second. Thats get to the first word news with ritika gupta. Ritika good morning, francine, tom, Senate Public is want to go on the record saying they tried to restore supplemental jobless benefits to millions of americans. Mitch mcconnell is trying to force a debate on a stopgap measure for those 600 a week checks. Democrats want the jobless but onlyextended, too, as part of a larger relief package. President trump is coming under pressure to Setting National strategy for the coronavirus. The white house has largel
Worsening Downside Risk. Raphael bostic knows joblessness seems to be flattening plateauing at a high level. Netflix plunges on disappointing subscriber forecasts. The Group Announces its chief content officer will join Reed Hastings as joint ceo. Just under an hour ago to the start of cash equities trading. With have a look at what is going on on futures market, a little bit of upside for European Equity markets and u. S. Markets for when we get to the u. S. Trading day. ,eep an eye on nasdaq features quite robust, up around 7 10 of 1 despite afterhours negativity around netflix, contained to just a netflix story, not anything broader about the tech sector. Weve had pleasing reports but they havent always been accompanied. Rising share prices is an interesting dynamic to discuss. Getting some numbers from electrolux, recovering faster than predicted. The numbers look to be broadly in line with estimates. Coming up, speaking to the ceo. The ceo will be joining us later on, jonas samuel