Negotiations to sell the short form video app u. S. Assets say the ceo wants it and sees it as a prize. We should tell you the bid for tiktok which reports say could go as high as 50 billion are due this week. President trump has said if theres no deal by september 15th to sell its u. S. Arm to an American Company, he will ban the app. Tiktok sources tell us the company has witnessed not just an american but an international rush to download the app ahead of the possible ban. President ial trade adviser and China Hawk Peter Navarro is about to join me live to talk about the bidding battle for tiktok and what has sparked the administrations ban threat on the chinese social media disruptor. Is there evidence hes ready to reveal . To the nasdaq, racing toward a fifth record close in a row, its longest string of backtoback alltime high finishes for the year and the s p not far behind, gunning it towards its fourth record close in a row. A catastrophic category 4 hurricane expected to slam
Morales. Also ahead united against science well look at whats driving the movement in germany against karun virus restriction is. Our top story the head of the u. N. Food agency says hes worried lebanon could run out of bread in about 2 and a half weeks David Beasleys in beirut assessing the impact of last weeks catastrophic port blast he spoke during a un briefing on the humanitarian situation there 85 percent of lebanons grain came through the devastated port the World Food Program says it sent in 50000 tons of wheat flour to beirut to stabilize lebanon supply lines to be easily says some of beirut port could be reopened quickly to restart imports kristen salumi is in new york explaining what else was discussed during that briefing. This was a chance for the humanitarian affairs chief to brief members states on the situation on the ground in lebanon and the International Response so far secretary general antonio terus called it a huge catastrophe coming on the heels of the socioecono
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
Cases continue to surge at home and abroad. The World Health Organization reporting a new record high for u. S. Oneday infections. This person has been in the job for three different governments. Taking a look at how the markets are faring, u. S. Futures trading mixed. Lower onr we saw friday at the end of a risk on week for u. S. Equities that saw big gains across the board with the nasdaq closing at a record high. It was the first down week in four for the u. S. Dollar going into the july 4 weekend. Longesta stop to the winning streak since january for the greenback. Funding rates continue to decline with dollar libor falling to a low on friday. And the best week for the bloomberg gauge since 2016 with copper notching a second weekly 1800. D gold closer to spreadseeing contango widening. Wti is off, and Brent Holding above 32. 84. Haidi take a look at how things are shaping up early in the monday morning session. Seeing new zealand up. 2 . Chicago nikkei futures pointing to a mixed t