Shanghai composite, 3 10 of an percent of the upside. Lets have a look at what is going on currency wise. This is the dollar index. Not that much changed. Bitcoin. Oves is down nearly 2 at the moment. [indiscernible] thetocurrency left to 18,000 level. Citigroup causing a stir with a 300,000 plus estimate with regards to bitcoin. U. S. Dollar index pretty much unchanged. Stasis as weoil in wait to see what is happening with some of these internal squabbles taking place with members of opec, mainly the uae. Mitchell with the first word headlines. Early south koreas trade data shows exports extending their recovery. The yearose 11 from earlier. South korea shipments received a boost from china and the u. S. Cap exports were up almost 22 . Singapore sees at the economy expanding by between four and 6 next year as it rebounds from the virus. Thirdquarter gdp shrunk by 5. 8 on the year and the estimate for contraction was revised to six to 6. 5 . The decline for the Third Quarter compared t
Virtual intelligence with francine as we drive to the worlds challenges coming out of the imf. What is amazing to me today, just one observation, it is incredible in the major media on a monday morning, 22 days into the election, how joe bidens schedule, how his policies are buried. It is 100 trump, top to bottom, in the zeitgeist. You wonder how Vice President biden manages that in ohio over the next 24 hours. Francine i remember at the all hasg, telling us it to do with a referendum on President Trump. Tom never seen it. Francine turnout on november 3. Plenty more on that. Lets get to first word news with Corinna Mitchell. Corinna President Trump and nancy pelosi are blaming each other. Republicans are having a hard time with pelosi. Pelosi called the offer grossly inadequate. The two sides are about 400 billion apart. Even if there is an agreement, is not certain republicans would approve. Neel kashkari warns it needs stimulus. The economic recovery has flattened out. He says we wil
Country out of its worst economic slump in decades. The deadline draws near for tiktok to divest it u. S. Assets, reports a shutdown of its priced app for sale. We have breaking news. Oftbank will be selling this as bloomberg learned softbank was trying to strike this deal that could be valuing it at 40 billion. Arm, weis deal to sell could have seen softbank reviving those stocks about taking the group privates. We are hearing that softbank divisionelling its arm to nvidia. This would be a 40 billion deal, the biggest chip deal to date. The transaction value is up to 40 billion. Nvidia could be paying more than 21 billion in stock and 12 billion in cash. This would be a 2 billion payment as signing. This coming at a time as we continue to see softbank divest its assets. Softbank could be receiving an additional 5 billion of cache if the performance meets certain targets. This also depends on what regulatory scrutiny they go through. This could be the largest ever in the semiconductor
The hearing was set before the bank agreed to pay 4 billion. The race for tiktoks assets aress the globe sees we told its been talking to geo platforms. We do have some breaking news crossing the bloomberg. Current account numbers coming through. We are getting the july current account surplus coming in at 7. 5 billion u. S. Dollars. The trade surplus sitting at 6. 9 7 billion in july and we are watching out for some other developments coming out south korea today. Highlevel officials of the Ruling Democratic Party and the government will be meeting to discuss a second cash handout and potentially a fourth extra budget according to local mode media reports and we are expecting perhaps an announcement when it comes to the social distancing measures as well as the coronavirus update to come. Lets take a look at the fed when it comes to the markets. It was a fallback overnight when it comes to u. S. Stocks and driven by a correction in the highflying tech sector. We saw u. S. Stocks falli
Nasdaq features are pointing higher. Stock coming off of that two week losing streak. Recoveringmed to be with a steep selloff last week. Moderately higher in china. Tech names seeing some dip by. Take a look at what we when it comes to currencies. We are focusing on the euro strength, paired with the weakness. Not really doing a lot. 682. Ng around about the Central Banks autonomy. We are watching the yields, pretty much flat. Yields are moving lower in the likes of australia. , probably brings us back to the highest that we saw in 2019 with home prices increasing and retail sales as well. Positive sentiment. Outstanding gains. Lets get to the first word gains. We start with the global coronavirus case is nearing 29 million. Canpe is now becoming a turn again. France also reporting more than 17,000 cases over the weekend. , Oxford University and astrazeneca have restarted trials of the vaccine after they were halted over the unexplained illness. Says ale, the ceo had similar timeline