To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France
Doses ready to ship once they get the green light and speaking of green light, joe biden wants to go ahead and raise Corporate Taxes, he is tapping his inner Bernie Sanders and outlining his economic plans using terms like fair share and calling for an end to what he calls shareholder capitalism. We are all over that story you can bet. We may hear the president s response to mr. Bidens plan shortly, he will be leaving for an event in florida this hour. We expect he will speak to reporters before boarding marine one as he likes to do and you will certainly see that right here when it happens. You will also see very little let up in the tech rally, despite theyre down day overall, the big tech names holding their own with more record gains. Amazon, it is hit an alltime high for six days in a row. Not bad. Apple, not much of a pullback of the stays above 380 a share, same story for microsoft, not much of a drop there, for microsoft still at 213 box. Facebook is above 240, despite constant
Being anticompetitive. One thing i will mention is this will be happening virtually, so there is less of a chance of an unscripted moment where someone might be caught off guard that might be particularly revealing. We are expecting the Committee Members to make their Opening Statements and in this order we will hear from amazon ceo jeff bezos, alphabet ceo consumed our andai, apple ceo tim cook, facebook ceo Mark Zuckerberg. Then each of the lawmakers will have five and its to question anyone. There will be safety in numbers. We are expecting this to go for several hours. There might not be a ton of substance given that they can only scratch the surface. Mark zuckerberg will be playing up the threat of china. He has said this before that regulation of big u. S. Tech companies will give Chinese Companies an advantage. Sundar pichai also paying up competition from other search engines, but also search composition on search competition on travel sites. Tim cook will talk about the opport
Investors are not so sure. A Virtual Reality platform picked up for oculus. We are live in san francisco. Lets get to sophie forecheck on markets. Sophie aussie shares are unchanged after a threeday gain. Kiwi shares building on gains after topping 11,000 on tuesday. Nikkei and cost be futures kospi are lower. Slide despite the enthusiasm we saw for alibaba shares, which closed about its issuance price. Lets check on housing bonds, which are gaining ground after the rba governor the move tracking treasuries. Aussie yields falling 35 basis points across the curve. The three years left below the rba cash rate. A bond rally expected to push the 10 year to 50 basis points with unconventional easing expected in the second half as the australian economy slows. The kiwi holding its threeday gain. This morning, we heard from the rb governor. Mentioned rbnzso is working with westpac after the findings in australia. Paul thanks very much. Lets check in with first word news. Chinaly indicators sh
Money maskers anoint theyre best stocks and start buying them hand over fist. The s p advanced 1. 3 , nasdaq climbed 1. 2 the institutions feed to build larger and larger positions so they wont look like morons when they have to show their clients what they own at the end over the year so, how does the stock become anointed first they have to be having a great year third you need to believe nothing goes wrong for the company between now and year end. Thats how you get an anointed winner im about to give you some subjective names these are my anointed stocks from what i can see. Let me give you my top 15 stocks that i think will be bought going to the end over the year im doing them alphabetically so its not to slight anyone. These are stocks i see money investors investing in for the next two weeks im a stock whisperer. First, the ally bomber, the made up holiday the Chinese Communist came up with to encourage shopper. Alba baa is up 14 second anointed name, adobe. Investors want cloud