Challenger joe biden. But several states, including the key battlegrounds of North Carolina and pennsylvania, are still up in the air. As the race drags on, bidens campaign is encouraging supporters to keep the faith. The candidate says he feels confident he will come out on top, urging patience as votes are counted. It could be days before the process is finished in pennsylvania. Mailin votes are still being tabulated there, and trumps lead is shrinking. The states governor said there were still millions of ballots to count. Amid the coronavirus pandemic, mailin voting surged. Trump has repeatedly criticized the system but provided no evidence to suggest its prone to fraud. Now his team is taking action. His camp says it will ask for a recount in wisconsin, citing irregularities. Its also launching lawsuits to stop vote counting in some key states. Every vote counts count every vote every vote counts count every vote public anxiety in many u. S. Cities boiled over wednesday night. Dis
Cfo about why all the m a is going on and how billionsof dollars vanished in hollywood as the screening giant shuts down completely it is thursday, october 22, and this is Worldwide Exchange. I think video killed the video star, answer that the anyway, welcome from wherever in the world you may be watching. Thank you for joining us well get to that squibby story in a few minutes but right now here is how the Global Markets are setting up their day. Stock market, well call them done to maybe flat nasdaq a little bit in the green, all this after stocks closed down yesterday, dow slipping 100 Investors Holding out hope for a stimulus deal and also starting to worry more about the election more on that in a few minutes. Major indexes all on pace to snap their multiweek win streaks. Nasdaq down slightly more. And today well get jobless claims number out at 8 30 as they always are on a thursday. For the first Time Applications may be coming in at 875,000 like they did in the latest week. Las
Am Kathleen Hays in york, welcome to daybreak asia, related stories this hour, monthly suggests the recovery is continuing. The Bloomberg Economic saying recovery above three point five percent. Nancy pelosi says a deadline for stainless steel well President Trump calls for a big spending package. Central bankers worn support will be needed for some time to come and new zealand stocks rise in the kiwi strengthens after the historic victory. Labor has the seats to govern alone, but she is considering a new coalition. Haidi taking a look at markets in asia we are setting up on a pretty cautious note when it comes to trading in the trading week here in asia, however we are looking ahead to Third Quarter gdp out of china with investors and traders came to see what the expectations were for this study growth were to continue. We are expecting numbers of about 5. 5 when it comes to economic expansion. This is our way of seeing into the first couple of minutes here in sydney just about two pe
Record high today, up more than 17 this year. Check out the big tech names hitting fresh alltime highs in todays session, apple, microsoft, facebook, amazon, netflix all marking new highs. Is this headed straight for a giant iceberg, guy [ laughter ] when you read that, you hesitated reading that this is the bubble in my head literally said should i read this or should i skip over it, titanic tech run headed straight for a giant iceberg. I went with it lets go with the metaphor. I am a fan of leo i know you might find this propostrous but leo is a huge fast money fan we should collectively give a shoutout so i was talking to the great dan nathan earlier today and we were just talking about the move in amazon. Amazon is up 3 today. Amazon has added this month which i think today is the 9th of july. Just this month its added almost a quarter of a trillion dollars to its market cap. I think there are only 22 companies in the s p 500 that have a market cap of a quarter of a trillion dollar
With the gold price. 20 . It would not seem dollar weakness will be translated into gold strength. That correlation is somewhat weak. Thats where we are at the moment. Getting more reaction to this mls cut taking place by the pboc, the right now 2. 59 percent. It was 3. 15 percent. They cut it in the middle of february to 3. 15 . It is really to prop up the virus hit companies. It should translate into the reduction of the loan prime rate, which is out on the 20th. Lets move to the first word news as we join Karina Mitchell. U. S. A a deal taking off, airlines have agreed a preliminary deal with the Treasury Department to access billions in aid. Carriers. All major American Airlines will get 5. 8 billion in payroll support. Southwest will get 3. 2 billion. As part of a 25 billion dollar assistance package for commercial airlines as part of the 2. 2 trillion stimulus announced last month. Fullys agreement will support Airline Industry workers, preserve the vital role airlines play in ou