Role in the Vaccine Technology process. Plus a new wave of restrictions across the country, california now mandating a 10 00 curfew, we will get a sneak peek of with ans studio 1. 0 update on the health of american Small Business. Is recoveringsk from covid19 himself, tesla shares improved. They are the peak of good health, shares advancing 21 this week, the company now worth 470 billion. The stories in a moment but first the market picture, Abigail Doolittle with me now and i know youve got tesla on your radar, but first modest moves in the market overall today, walk us through the trade on the back of this positive vaccine news. Abigail todays trading action was very similar to the other days this week and that is to say choppy. We started off with small moves into the close more modest moves as you were mentioning. That is pretty similar to what has happened all week and it is interesting, the vaccine news seems to be getting factored in less and less, two weeks ago when it first ca
Discover. Subscribe to the documentary on. The. Market losses continue as fears balanced over the coronavirus wall street suffers a 6 day of sell offs with more businesses curbing their operations and lowering earnings forecast will bring you up to speed. Also on the show china is trying to get business back up and running with krone case members still rising it has a ways to go. And the u. K. Puts on its poker face for next weeks trade negotiations with the e. U. Brussels call it a bluff. This is your. Business report im Stephen Beard is in berlin thanks for joining us u. S. Markets fell for the 6th straight day on thursday as Major Companies continue to curve their operations and slash earnings projections as a result of the spreading coronavirus best p. 500. 00 tech heavy nasdaq index is each lost more than 4 Percent Crude Oil prices continued slide falling more than 2 percent to 52. 00 a barrel analysts at Goldman Sachs have even projected the u. S. Businesses could see no Earnings
Beards in berlin thanks for joining us u. S. Markets fell for the 6th straight day on thursday as Major Companies continued to curb their operations and slash earnings projections as a result of the spreading coronavirus thats and p. 500. 00 tech heavy nasdaq indexes each lost more than 4 percent while crude oil prices continued slide falling more than 2 percent to 52. 00 a barrel analysts at Goldman Sachs have even projected the u. S. Businesses could see no Earnings Growth in 2020 if the virus continues to spread. And lets go to our financial correspondent in new york yes quarter for more on this yes weve been talking about these losses for a few days now they seem to be getting worse can you put this in perspective for us how big are these losses. Its quite massive what were seeing and especially in the last hour of trading here we saw pressure even increasing chips and losing almost 1200 points down by almost 4 and a half percent and this week alone so far we lost more than 3000 po
Negotiator says talks have gone well and they are on course for a partial deal. The 20th weekend of protests in hong kong, targeting chinese owned his misses. Chinese owned businesses. Imfleen coming up, the reading in washington including conversations with John Freudenberg and others. U. S. Stocksow ended, look at the big picture, ongoing trade war worries. Lower across the board. One big name which was responsible was netflix, closing down across 6 . Forecasters of cyber growth falling short. It hit the nasdaq 0. 8 lower. Johnson johnson recalled baby powder that came up with traces of asbestos. Boeing, questions by the faa about what they knew before the max was reported. 4 . Dow is down, s p down there was good news. Jpmorgan numbers better than forecasted. Cocacola was very solid. For the week and the second week, the stocks closed higher on average. Positivity out of the negativity. What are you looking at . Sophie asian stocks going for a mixed start after a weekend of imf meet
Buying, whether in europe or here in the u. S. Yields down by two basis points. Crude off by 0. 1 . Stabilization there as well. Time for the global exchange, where we bring you todays market moving news from all around the world. Joining us from hong kong is , fromly is karen le london, emma chandra, and reporter, and in washington, bloombergs Michael Mckee. In hong kong, reports say the enact ant is said to emergency ordinance. More. Leigh has karen this would give the government wider powers to make arrests more widely. This is something that would be a major escalation by the government if it does happen. It is purported to be happening tomorrow by news outlets here. It comes after a protester was shot for the first time tuesday, a major escalation in the violence we have seen in recent months. This is something that has people questioning whether or protests, oralm whether it was fuel anger at the government and bring more people onto the streets to keep this going for a longer ti