Im jon fortt. The dow is down. 5 with walgreens and boeing leading to the down side. The nasdaq still slightly in the green. Looking ahead to a huge week tech investors need to be watching cloud, software, devices, and fitness in cloud, the period beginning next week is a time of peak demand for amazon even more so this year. In software, retailers going to need targeting tools from Companies Like adobe to bring shoppers in and keep them loyal. Devices, pcs and con soles are going to keep us watching the likes of fit and in fitness in we cant hit the gym after all that pie, are we going to hit the peloton . Thats the question . Thats a good question. Or my personal favorite, a club row class. Its a good question, john particularly as the opportunity to go to a physical gym, that is diminishing as we see cases rise across the country and more restrictions or, you know, partial lockdowns. But as you lay out the themes, im thinking of some of the companies that have spent the last, you kn
Sending shares higher. Ocado shares spike as the online retailer offers a tie up to grow its ecommerce business. And socgen says it will close about 15 of its banks as the french bank looks to cut costs. Well speak to the cfo at 14 00 cet. The uks largest lenders passed stress testing with flying colors. The bank of england indicated none of the banks it tested needed to raise additional capital. Rbs and barclays who fell short last year boosted capital to a sufficient level the bank of england also said banks could withstand a disorderly brexit, but governor mark carney hoped for a transition agreement soon. The time of achieving a transition agreement, the sooner the better i wont put an end date on it. Any transition period will be valuable we signaled back in june of this year some major risks around derivatives, around insurance, around data, around other aspects of the Financial System, these crosscutting issues, we provided weve done a lot of work since then and provided conside
Stifle from the strength of swiss franc. And the reverse takeover in the British Assets in a 1. 3 billion pound deal. Good morning, everyone. Another episode of Worldwide Exchange. Good morning to you, seema . Yeah very good how about you . A lot happening in the gold market overnight. Absolutely. Lets get to the stop story. The price of gold has slump tide fiveyear low. The precious metal was trading as much as 4 lower after the asian markets posted. That mood with randall resources hit the hardest. Spot gold currently off at 1. 6 . And s p down 10 . Northern star down by 0. 2 . And the chinese selling and triggering stop loss orders. 1 million being traded on that very exchange. Thats after the government said on friday that the gold reserves were up 57 from six years ago, abdomen that was a lot less than people had had anticipated. A lot of factors seem to be weighing on the price of gold right now. You also have the fed indicating that they will raise rates sometime this year in th
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