Today on this beautiful afternoon. Were here today to discuss our efforts to support our nations Small Businesses working very hard and safely reopen america. Thats whats happening. Were doing record numbers. Were doing numbers like nobody has seen before. Im thrilled to be joined by two good friends of mine. Governor ricketts of nebraska and a man ill see over the weekend, this was by coincidence, because it was for a different reason. It has to do with Small Business. Governor of oklahoma. Were going to be in oklahoma. Its a crowd like nobody has seen before. We have a tremendous request forren tickets thats never happened politically before. One of the reasons we chose your state, as you know, was that you have done so well with covid. You have handled it incredibly well. 2rc were taking care of them. We know what high risk means. But largely it means older people, Senior Citizens that have a tremendous problem. If they have a heart problem, diabetes, any kind of a problem. Much mor
The hardest, and that is the stress test. Confusion with dividends and buybacks. We will break that down. The safe haven bid intact. Of the bondinto all market, particularly on the front end of that curve, guy. Guy absolutely. We are getting data through from the u. S. Economy as well. Coming through at 70. 1, that is light. , 87. 1. Conditions that is a little light. In terms of the oneyear inflation number, that is higher. That is a reflection of the people focusing on what their Grocery Shopping is look at the looking like. That rate is rising. We so that in the u. K. Today. Grocer, a big u. K. Showing really strong numbers. Alix all of that is going to play on the market as well as we continue to see Consumer Expectations probably hit, despite what happens on a state to state races, Consumer Spending, the number that we got basis, state to state the number that we got today tim adams joins us. Sheila bair will be joining us. She is a former fdic chairman. The top story, which is th
It is an honor to see you today. We are here today to discuss our efforts to support our nation Small Businesses working very hard and safely reopen america and that is what is happening. We are doing record numbers. Numbers like nobody has ever seen before. I am thrilled to be joined by good friends of mine, Governor Pete Ricketts from nebraska and a man i will see over the weekend. And this is by coincidence that you happened to be here today. Over kevins debt of stitt of oklahoma. We will be there for a crowd like no one has ever seen before. We have had a tremendous request for tickets. One of the reasons we chose your state, as you know kevin, is because you have done so well with the covid. It incrediblyed well. You both have come actually. Along with several extraordinary Small Business owners from their states. Also with us is Steven Mnuchin and and the Small Business administrator. Thank you. Small businesses are no longer Small Business. As result of the virus, 22 of Small Bu
We should not learn too much new but the dollar index is a little subdued. We do have gold continued to rise. Crude oil after inventory showed up 4 . Rawdown at lets get a deeper dive into the Market Action with taylor riggs. Taylor i wanted to take a first look at an index we have not shown recently. It talks a lot about companies that are traded in the u. S. And get revenue and business over in china. You can see that the nasdaq index is off 1. 7 . This is lower after headlines in the senate boosted an oversight of Chinese Companies. It would certified there is no firm control and foreign control and could request Chinese Companies to delist from control. ,his comes as a separate story but the nasdaq said it would delist the company after revelations of county fraud. We are getting a lot of interesting news. This is a risk on tone filling. Crude is higher, the dollar is weaker, gold rising a little bit but so was copper so im trying not to read into that much. The 20 year bond auctio
Where we bring you todays market moving news from around the world. From hong kong to beijing to london to washington our bloomberg voices are on the ground with this mornings top stories. Start right now with hong kong with the citys financial chief said the economys set to contract in fourth quarter. Jeff joins us from hong kong on the telephonement welcome. Give us an update where we are. And how the economys doing there. Jeff good morning to you. The economy is hoping to see some kind of stabilization in the coming weeks. But the damage has already been done in the third and fourth quarters this year. We have only just seen a relative easing in the protests. But we are a long way from having an all clear or any kind of resolution to the political standoff. That means that the tourists and the spending that are the core of this economy, they are not going to return soon. We may see stabilization but it will be lower levels. David thank you so much. Jeff black reporting from hong kon