Washington ramps up pressure on beijing. Goldman sachs raises billions for a new fund to focus on private equity. The move comes amid rising interest in secondary investing. Haidi lets look at what the day has in store at the sydney open. We are expected a muted start to trading in asia after downward pressure coming from the u. S. Session overnight. Restrictions continue to take place to curb the the Coronavirus Spread we are starting to see accelerate again, even as we get further good news on the vaccine front. Trading marginal. The u. S. Dollar held to the lowest we have seen since april 2018. We are also seeing the aussie dollar on the back foot. Nikkei futures look like they will see a muted start to trading. Shery lets get started with good news on the vaccine front. Pfizer says final Data Analysis shows its covid shot is 95 effective. The ceo of its german partner told bloomberg about plans for mass production. Our goal is to supply up to 50 million doses by 2020 which andd go
To have the opportunity and the skills to become engaged citizens. From inequity to legal documents children who were born here. This year we award 100,000 in prizes including a grand prize of 25000 the deadline for 2021 for more information go to our website student cam. Org. Right now there has been a transformation of the role of women in america. Here is a man born 1940 who repeatedly in the american sout south, 50 and 60 years ago acted in the tradition of an early Christian Saint write about different worlds savagely. Our Speaker Pelosi hosted a Virtual Meeting on Climate Change with her legislative counterparts from the g7 nation will also hear from the dalai lama and environmental activist jane goodall and former energy secretary. Speaker the United States congress it is my honor to welcome this distinguished group to the 19th annual speakers meeting. Was addressing the Climate Crisis Environmental Justice for all. It is a privilege to once again to have that existential threat
Excited to see what he can deliver and hopes he can back up his confident pre game chat and i will have more on that and any changes to the Australian Team later. Thanks ben. And stav has all the weather more wet conditions on the way. But never mind, look at that lavender. I knew you would like that. There is a ridge of High Pressure and it is going to be one of those weeks writers flip flopping. Tomorrow is going to be. I flip flopping. Tomorrow is going to be. I will have all the details later and the global study. Thanks stav. Also coming up celebrating the ii . Todays the day to mark the benefits and disadvantages of being left handed. Hello, this is afternoon live im martine croxall. Police searching for 15 year old nora quorin, who went missing while on holiday with herfamily in malaysia, say they our very certain that they have found her body. The body has been airlifted to hospital for identification by her family. Hundreds of volunteers have joined the search for nora since s
Warren buffett and Berkshire Hathaway in a big way. And later in the show, a live stream update on the musk and zuckerberg cage match. It is monday, august 7th you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. Lets get you ready for the day. We kick it off with the u. S. Stock futures. Green across the board nasdaq doing the best up. 30 . At this hour, the dow would open up 70 points higher. This is after the poor showing last week with the s p and nasdaq coming off four Straight Days of losses and the worst week since march 10th. You see the nasdaq down 3 s p almost by 2. 5 it was rough for the tech sector the sector coming off three Straight Days of losses. The sharp decline down 1. 5 . Excuse me. 4. 25 . The fitch downgrade is playing a factor it was dragged down by apple which had its worst week since 2023 we had a very busy week for fixed income and new longterm issuance yields here with the 10year treasury at 4. 09 yiel
Link, hightower chief investment strategy, cnbc contributor and pretty good golf im told. Hmm not so much. Good to have you on how do you review inflation data and did it change any of your expectations about race, the fed, the markets and it didnt change my thoughts. We are making progress, though, brian, on the numbers. Right . Look at, say, cpi, 4. 7 year over year, 6. 6 at peak. Making progress. The problem, rents are still sticky, 99 of cpi shelter. And increased. 5 from. 4 number is getting to 2 where the fed wants get to to for cpi. A long ways off. Then look at, by the way, you follow energy really close right . Look at ppi numbers today. Acceleration month over month in headline number. Nots even including the 24 gain in Energy Prices from the june lows i think next month, next couple of months, youll see elevated ppi numbers. Then add in the economy, which is a real bright spot. Nobody thought we would see gdp accelerate each quarter this year everyone said beginning of the y