Company ipo in a year, if approved by President Trump. Is this ride hailer. Eeking to shore up cash haidi lets look at how we are setting up for the final trading session of the week in asia. After a pretty lackluster session, we had u. S. Stocks passing some of those parsing some of those losses, still dropping for a second day but finding support after bouncing off the 50 Day Moving Average on the s p. S p futures seeing a little positivity on the u. S. Fridays session, about 0. 2 higher. Tax leading the client is apple, facebook and peppe microsoft are weighing on declines. We saw a Little Movement in treasuries as well. In asia, the nikkei 225 is seeing an upside, 0. 1 when it comes to futures trading in chicago at the moment. Dollar weakness yen strength will be an issue, the. We have the yen appreciated to the strongest level in six months across broad dollar weakness. The u. S. Dollar index falling for a fifth straight session. We are also keeping watch on the dollar and how it
School districts are set to again the fall semester in less than a month as the state continues to see record coronavirus numbers, superintendent of public instruction tony thursdayman said Distance Learning is the right decision for much of the state. I think if school had to open tomorrow, most of our districts would open in Distance Learning. Reporter several bay area districts announced plans to begin with full Distance Learning and move towards a hybrid approach. Some of the statest largest Public School districts, San Francisco, l. A. , and san diego, will start online only. We applaud the superintendent and the school board in los angeles and san diego for making the decision to say lets open safely. President trump railed against l. A. Officials, calling the move a terrible decision. The white house continues to push for schools to fully reopen. We want schools to be open, and they will be open, and theyll be open, i think, relatively ontime, hopefully on time most places. Repo
Social Media Companies ylan mui has more on the story reporter the dojs proposal strikes at the heart of the Business Model for platforms like facebook, google and twitter, section 230 of the communications ccc act the first is what theyre calling the bad samaritan bill, for platforms that facilitate or solicit illegal activity, and the second specific exemptions for child exploitation, and actual knowledge of elicit activity the doj cannot do this alone they would need congress to act to change the law. Big tech doesnt have a lot of friends on capitol hill these days just today, republican senator josh hawley unveiled a bill that would remove text Liability Protections unless the Companies Promise to act in good faith or pay a 5,000 fine to users if they dont meanwhile, democratic senator mark warner said that he believes section 230 has allowed companies to turn a blind eye to a host of ills, but melissa, he also said hes worried that the doj is using these tools as a way to get Big
Of High Frequency data we were waiting on. Example, the sox index, why is that rallying . Abigail it has mainly to do with trade optimism. A good portion of the Chip Companies from china, a good portion of the supply chain. Investors hoping the important shift is coming out of the bottom and phase and if 5g goes ahead, that create a major upgrade cycle. However, it does look frothy, so it is important to keep that in mind. Are investors getting ahead of themselves . Last year was a bad year for managers. As we go into the end of the year, you have to think managers want to lock is one in so they can have a good year after a bad year. Vonnie thank you. Kevin. Kevin volatility never stops. Now to this weeks historic vote on impeachment. Lets bring in our Clinical Panel of genevieve woods, spokesperson for the heritage foundation, and basils michael, former executive director of the new york state democratic party. Genevieve, i will start with you. In terms of impeachment, and terms of th
Economic typhoon. Turbulent times when out for Cathay Pacific protest in hong kong and the loss of the ceo. Shery we are seeing futures higher by four tens of 1 as we see more positive rhetoric from President Trump on the u. S. China trade talks. This on the back of a strong rally we saw on friday with the dow gaining 1. 2 and every sector on the s p 500 in the green. The s p 500 gaining 1. 4 on friday. We saw chipmakers leading the gains, after we had positive results out of nvidia. There was also positive sentiment out of europe as officials there hinted they would come to the rescue if the regions Economic Data deteriorated further. That gave a boost to investor sentiment. 1. 7 . Sdaq gained there was a lot of volatility still with those things swings on the s p 500 with more than 1. 5 intraday. This week the focus will be on jackson hole as we will wait to hear from a fed chair powell making comments later in the week. Lets see how we are setting up in asia. Place the pieces are in