Dot com slash water. Ws crime fighters are back with africas most successful radio drama series continues only this odes are Available Online and of course you can share and discuss song w. Africas Facebook Page and other social media platforms to crime fighters tune in now. Heres the game stop frenzy. And game outrage among small investors after Online Brokers restricted the buying of the companys shares at the end of a why would we wall street. This years World Economic forum was consigned to online but that didnt stop major World Leaders taking parts will ask the foreign managing director what was gained from this years event. This is due to be a Business Owner of what in berlin welcome to the program now this week the goliaths of wall streets have met david the game stop shares frenzy has seen a surge of stock purchases by small investors leads to losses in the billions for hedge fund pros but now theres anger on the online forums where this rebellion was coordinated after brokerag
Pompeo andonesian foreign minister held talks on thursday. They discussed the sittion in the south cna sea wch china claims most of. Indonea has designated an exclusive Economic Zone off the nah tuna islands and has a territorial dispute with beijing in the area. Our law abiding nations reject the unlawful claims made by the Chinese Government party in the South China Sea. Its a cause worth pursuing in multilateral settings and the Trump Administration very much supports this. She said stability and peace should be maintained in the South China Sea and added International Law, especially United Nations convention on the law of the sea must be respected and implemented. Pompeo expressed willingness to cooperate in new ways to ensure Maritime Security and protect some of the worlds busiest trade routes. I encourage u. S. Businesses to invest more in indonesia including for procts in the Outer Islands in indonesia such as nah tuna island. Pompeo says the u. S. Welcomes indonesias Decisive
Welcome to squawk box. Im becky quick along with joe kernen and Andrew Ross Sorkin. Futures are indicated higher this morning, triple digit gains for the dow up by about 167 points but yesterday was a big down day for the markets. Dow was down by over 400 points, 1. 4 the s p and nasdaq done evz nasy even more. This morning s p indicated up by about 25 and nasdaq looks like it would open up by over 100 points fairly significant obviously everybody watching what will be happening with the stimulus talks with the deadline that nancy pelosi has said for later today. Lets take a look at the treasury markets ahead of that, you will see that the ten year looks like it is yielding 0. 777 so a little stronger yields for the treasury markets right now but andrew, obviously washington is where people are watching and that is exactly where well go because House Speaker nancy pelosi and Steve Mnuchin are saying that they are making progress in their latest stimulus talks with time running short of
Stocks into value encyclicals keep up . Havens are bringing back some ground. The Federal Reserve warns there could be major downside for asset prices if the Economic Impacts of the virus is not mitigated. Will a vaccine or stimulus come soon enough . Welcome to the program, happy tuesday. Picking news from the u. K. , jobs data giving us a picture of the damage done or avoided on the u. K. Economy. The unemployment rate, a three month figure, we get an ,nemployment rate of 4. 8 exactly what was anticipated. It was on the rise. Very cushioned by the furlough scheme over the summer, and the end of september. Where we are on the jobless claims number, we have i go to this because we do not have survey data but it is interesting because it is october data, a little more impactful. The jobless claims change down by 29,800. , that looks lower than the prior period. Some of the data seems an improvement on the previous period. I go to that redhead line on the u. K. Unemployment story. 164,00
Well in many states. Businesses are holding back from spending amid the pandemic and stimulus talks appear to be at a standstill once again with leaders from both sides accusing one another of moving the goal posts in the negotiations. Unlikely we will get a stimulus before the election. 59 minutes to go, dow down 2. 2 . Lets get to the stories we are watching right now as stocks fall sharply mike santoli is tracking the market selloff for us. Which parts he is watching in particular meg tirrell digging into the latest covid numbers mike, whats the broader take on what is happening today average bit of a rethink on a mull pent fronts the idea that covid might cause more business disruption last week the s p 500 was skirting this boundary between this sort of breakout level we had and around 3,400 we are actually below that right now. Did a little bit of damage s p and the nasdaq fell below the 50day average the s. A. P. Warning probably evented the nasdaq from doing a better job of sup