One hundred thousand cases a day. New york expanding the list of states on quarantine list as well. Markets this morning the first day of the Third Quarter, futures indicating this morning we are going to see a decline at the start of trading to kick off Third Quarter. Dow futures down 109 points and s p futures down 9 and a quarter. Yesterday u. S. Markets closed strong Second Quarter in the green in hope of additional stimulus. S p 500 yesterday up 47 points at 4 00 oclock on wall street. Markets had their best quarter in more than 20 years, take a look. Secondquarter numbers, up 17 on the dow, 30 on the nasdaq. Defunding the police, new york city cutting the Police Budget by 1 billion, some including like alexandria ocasiocortez says it isnt enough. Ray kelly will join me live at 7 30 a. M. Eastern joining me on the movement and what it means for already rise in crime throughout the country. A new era of trade begins the u. S. Mexicocanada trade agreement is in effect. Wilbur ross w
A new, widely Controversial National security law for hong which has been protested by folks in hong kong. Investors concerned these actions could destabilize the global economy. I want to bring in markets reporter taylor riggs, who has been following all of this. Break down what happened for us. Taylor it looked like we were green and in the clear until the last hour of trading, and then you sort of mentioned other headlines that made markets very nervous. Trump said he would have a press Conference Friday to talk about china. Then theres a lot of concern about the National Security law china signed that in effect would remove a lot of the economy from hong kong. In the last hour of trading, everything fell apart, but the key theme remains. Some of the Big Companies are still some of the big out performers. The s p, which is a marketcapweighted index, outperforming relative to the nasdaq, which also includes some of the smaller companies. And of course, the russell 2000, which is the
S officers says stimulus is on the way. Euro german bailout. A. M. Has just gone 6 00 in london. I am torn between the debate on whether the u. S. Chinahong kong it the backstop of central bank the narrative that drives this . Japan reopening, australia is reopening and normalizing as is the u. K. Good morning. Expectations of expansion of stimulus for june. They seem to be gaining some momentum. The market seems to be putting a side the u. S. And the u. S. China tensions. That simmers in the background. We still see this risk on an markets. And perhaps added to the story a little bit of optimism or less pessimism. Like the bailout and we getcept the news like the bailout of lufthansa. Futures pointing to similar gains that we saw in the euro stoxx 50. The 10 year treasury yields higher. Is above 34 a barrel. Iae saying demand could get back to precoronavirus levels. The number of coronavirus deaths in the u. S. Is nearing 100,000 344 global deaths around thousand. However, u. S. Presi
Alleged phone call an apparent trade detente that was apparent flipflops leave beijing unsure of u. S. Policy. Is the first of chinas big touted by the u. S. Administration, we saw the yuan banks to report earnings. Six in terms of the senate how the trade war is affecting devaluation was the largest performance. Shery lets get you started since the beginning of august, when we saw the risk of event with a quick check up on how markets closed. Where the yuan bridged the seven level. Theintent is there from it was a wild ride, with u. S. Chinese site. Dogs paring back gains. The s p 500 finished down. 3 . If we see these levees continue to be raised on september 1 and it is a very financials leading the declines with the 10 year yield falling politically important date for below 1. 5 . He dow gave up 120 points the chinese. It is the 70th anniversary of the peoples republic of china. That is not something the chinese are willing to let slide it was a bit of a mixed picture with volatili
Epstein death, attorney general william barr says that the prison had serious irregularities. He is speaking in new orleans, saying that the prison had serious irregularities. The case was personally important to him, that the victims deserve justice, and they will get it. Quite strong comments from attorney general william barr. We will get to the bottom of it, and there will be accountability. Lets get to those markets here in the u. S. Stocks are lower, as are yields. The 10 year at 1. 67 . 7. 095, once yuan at again weaker fixing on the part of the pboc onshore. At 105. 28. 1. 2508 guy the other big story dominating things, the latest on hong kong. Officials are working to reopen the International Airport at 6 a. M. Tuesday. Thousands of protesters occupied the main terminals and protests that saw the police fired tear gas and rubber bullets at close range. S asiag us is bloomberg anchor yvonne man. They want to reopen the airport. Does it look possible at this point . Yvonne we wi