Infections rising not only in europe, but also in specific European Countries. Lets get to the markets. The focus is also another currencies. Eurodollar on the back of what we heard from Christine Lagarde. Investors toward u. S. Fiscal stimulus. The bloomberg first word news. Here in london with me is leighann gerrans. Is considering fresh sanctions on iran. They may target more than a dozen banks and label the entire finance industry offlimits. The move would effectively leave iran isolated from the global economy. A wrong has already been crushed by the loss of oil sales thanks to american restrictions. French president Emmanuel Macron says he has agreed to meet the Opposition Leader of belarus, as he looks to persuade his eu colleagues that he is serious about confronting russia. The eu is holding a summit later this week to discuss potential sanctions against moscow for not cooperating on belarus. Fears the u. K. Could be facing a longterm increase in the size of the state as well
To be in talks with the u. S. Government to avoid a sale. Lets get started with the quick check of the markets. U. S. Futures coming offline. Down given the rally we saw in the regular session. There was really solid buying throughout the session. A big reversal from the selloff we saw yesterday. The s p 500 saw the best day since june. 500 sectors11 s p up led by tech. Higher. T was also the nasdaq gained. And headingalling toward the 37 per barrel level. This is after it saw the biggest jump since june. There has also been expectation that u. S. Crude stockpiles would extend their streak of declines. We are waiting for the brent open but we have seen it back above 40 per barrel. Of the oil ande gas names here in asia. Lets look at how asian markets are setting up for the day given that we had a rebound we saw in the u. S. Most stocks ending off the session highs. Just half ais percent higher. Sidney futures looking much more positive. We are also getting increasing nervousness when i
Panic or price spikes. Than 52na listing more times oversubscribed. We will assess investors appetite with the ceo, Joel Silverstein. Haidi that is a market highlight but in the meantime, lets take a look at how the set up in asia is faring given we did have the resounding tech rebound. Sophie, what are you watching . At. 8 . S p eminis stock futures pointing higher come of this ahead of the session that brings philippine trade data and a decision from malaysia. Beth are split. The malaysian economy is showing signs of a rebound. Korma she orders are due. We may see a pickup in cap exeter and by the auto sector in japan. From south korea, we are waiting on an announcement of a fourth extra budget that is expected later this afternoon ahead of that we have kospi futures looking a little bit lower. We have the kospi set to be the best performer in asia this month, up 2. 1 so far in september. A quick check on the offshore yuan just Holding Steady after rebounding on that dollar softening
Growth rate and job creation, now if you put the fed statement and higher jobless claims together, thats whats pushing stock prices down this morning. Look at it. The dow is off about 100, s p 60, nasdaq about 31, more on that in a second. All right, did you watch night 3 of the Democrats Convention . It was hate trump night. Speaker after speaker layed into the president in personal terms. He gets the blame for everything. Seems to me like the democrats have not gotten over their loss 4 years ago. The president was live tweeting all the way through. We will show you both sides of this, of course, but seems to me like all of the democrats have is hate trump. Varney company is about to begin. Stuart look at the red ink on the markets, first of all, down across the board but not that much. Lets get right at it. Larry kudlow, director of Economic Council at the white house. Larry, negatives this morning. More than 1. 1 million jobless claims, the fed says the virus is hurting growth, back
Welcome to a world with the super rich compete to and the biggest and most expensive yachts. This is the is that the 500000000 euro 180 me too long but it is probably the largest privately owned jot and belongs to the mia of abu dhabi if you play in the making goes on the league. From to buy to miami. To monaco where we got special access to this secret vault. To huge sales swell in the wind the deck the size of the tennis. Court and a 12 member crew. Were off the coast of miami aboard one of the Worlds Largest siling yachts the super us. To catch is 70 meters long and was built for the american multimillionaire built to cut the sea is a bit rough today just how he likes that. Kind of mission if you. Think. It is sunday bill invited some friends along for the study trip. Crew members in casual sailor outfits k. C. To the guests every nate. For lunch a casual selection of sandwiches made from the finest ingredients in fact everything on board is top quality and expensive. Like. When you