Hello and welcome to the film review with me, mark kermode, reminding you that while cinemas may be closed, there is still plenty of new movies to enjoy in the comfort and safety of your own home. The most mainstream release this week is the dig, A Bittersweet Real Life Drama about the unearthing of the sutton hoo treasures on the the eve of world war ii. What are they . Do you hazard a guess . Burials, men, id expect. We are standing in somebodys graveyard i reckon. Viking. Maybe older. Apparently local girls used to lie down on them in the hope of falling pregnant. Ive read plenty of legends. Ive heard plenty of legends. Is that why you want to dig, mrs pretty . Details of Buried Treasure . Ralph fiennes stars as basil brown, the self taught archaeologist who wears his immense learning lightly and who is enlisted by carrie mulligan s wealthy widow, edith pretty, to excavate the imposing Burial Mounds on her property. My interest in archaeology began like yours, edith tells the initia
Contraction for the australian economy. Worse than anticipated, but investors with a moment shrugging that off. Chinese markets under pressure. Quickly moving it along, having a look at what else is going on out there and doing that, of yvonne. With yvonne lets start with that aussie gdp number. The second consecutive quarter for the three months through june. And thee first first technical recession in 30 years for us trail you Australian Household spending well by 12 as lockdowns and restrictions shut out consumers. The aussie dollar against its u. S. Peers. Theres a new warning about the u. S. Economy with a fed governor ating there is uncertainty head. She told the Brookings Institution that america will be to depend on the fed and policymakers in d. C. As the economy continues to recover from the coronavirus pandemic. She says Monetary Policy must pivot from stabilization to accommodation. Treasury secretary seems to agree with the fed governor, saying the u. S. Economy urgently n
Plus, animal crossing. A family of bears wandering into the pathth of this roller coaster with a man heading straight toward them. The new sleep crisis in america. Whats to blame for even more of us not getting enough shuteye. Making magic oneonone with the director of Disneys Mulan reboot. What fans can expect. And a good friday morning, everyone. Im will reeve in for kenneth. And im mona kosar abdi. We begin with breaking news. The prime suspect in the death of a trump supporter in portland, oregon, has been killed by federal agents. Investigators say they found Michael Reinhoehl at home outside portland where allegedly he pulled out a gun prompting agents to open fire. During an interview published hours before that shooting reinhoehl admitting to killing Aaron Danielson claiming selfdefense. Video shows a person shooting danielson after a caravan of Trump Supporters drove through the city. Also breaking overnight, two men have been arrested in connection with the unrest in kenosha,
Still in the red but a much better picture than it looked this morning. Abigail what a roller coaster on the day and the week. We had big gains from apple and tesla. This week, not so much. Nonetheless, the worst week since june for the s p 500 and the nasdaq 100 since march. The nasdaq down 1. 3 . Pressurehat selling really came off. The new york faang index down 1 at the end of the day. Some of this happened as value money seemed to give a tailwind to the macro sentiment. Yields really backing up on the day. Not confirming the degree of the selloff. I think what we had going on here, technical selling, the moving average, really looking for it in the morning. A very solid test there. The question is, will those nearterm buyers continue to step up . If yes, probably some Choppy Movement to the upside. If not, it could get ugly really fast. On the week, talking about really brutal losses here, the faang index down sharply. However, we do have one bright spot. I was mentioning the cycli
The forecast was 50 4. 8. 67. 6,ders up strongly, point three. 63 the one disappointment, and this is been true throughout the crisis, employment does rise but it is still negative already 6. 4 46. 4. The numbers are better than expected for most of the pmi but in the case of the headline and the new orders numbers, they are up big. That should be good news for the overall economy it will probably lead into some strengthening about what is happening with employment. Alix if you look at eurodollar you are seeing it take a leg lower. Either way, the dollar is getting a slight bid there. What are we looking for over the next data points . Michael to see if they fall below one million if theres any progress of that front. This is not the week of the survey, so it will not have a bearing on friday but it is the latest point that tells us where we are. Mosts have slowed down and of the highfrequency indicators. The jobs report is what everybody wants to see because it was a feeling that the