Racial unrest, the economic crisis. Their needs are not addressed in the president s proposal. Getting something done before the proposal. Were confirming the judge in an Election Year after the voting has occurred. Health Care Coverage for millions of americans is at stake. We cover it all this morning. A closer look at florida and powerhouse analysis. From abc news, its this week. Good morning and welcome to this week. Two weeks and two days to go in this race for the white house and President Trump down in the polls facing persistent unemployment. A new surge in unemployment cases. Late last night in wisconsin, which set new coronavirus records on thursday and friday he insisted that were rounding the corner on the pandemic. Plus comments on gretchen whitmer. I guess they say she was threatened, right . And she blamed me. You have to get your governor to open up your state, okay . And get your schools open. Get your schools open. The schools have to be open, right . Lock them all up
In negatives, nothing changes there. The latest negative being this fight over control. The president or the governors. That is a distraction from the main event, getting back to work is now job one. Later on the program today, larry kudlow, the president s chief economic adviser, joins us. Hes on the task force. We will ask when, where and who gets back to work. Thats coming up. To the get back to work debate, it largely excludes democrat politicians, shown side by side Bernie Sanders has endorsed joe biden. But all they can agree on is contempt for the president and some bernie supporters are saying now they will not vote for joe biden. The democrats are split. What are they contributing to the get back to work debate . In my opinion, not much. The market, however, they appear to like the idea of opening up the economy. Investors looking to the other side. The dow this morning is going to be up about 400 at the opening bell. Thats a gain of, what, 1. 75 . A similar gain for the s p a
We have appreciation of the yen which is exacerbating the problem in some senses as it makes exports less competitive. Theres a correlation between the strength of the yen and what happens on the knee cape or its of the stronger the yen gets the weaker the nikkei. Where sing a little bit of that today. The 200 lurched lower, led by those banks, increasing the amount it was going to charge itself for these complaints coming through for customers being a miss sold products. That stock is down and dragged the market down as did the broadsides from the reserve bank. In the four big banks. Australia passing on the Interest Rate they have been instituting. 10 year yields now 1. 59. 16 basis points loss in the last two days. Year. Or the 10 a rally in place as people look for a safe place to put their money. This is the position for gold asures, above 1500 here well. Down a fraction at the moment. The yen appreciating their against the dollar and their ego , perhaps limiting things a little b
Promoting Economic Growth by incorporating internet use in various industries. As a result the Online Shopping market alone has doubled to over 1 trillion u. S. Dollars in just two years. This growth was triggered by the introducti introduction. There is a Cashless Society and created numerous sharing businesses. These days its difficult to live in china without a smartphone. At restaurants customers read 2d codes on the table and place orders from an online menu. The payment is processed through smart phones. Some stores even refuse to accept cash now. Online systems can quickly process large volumes of orders. But new problems s have begun t arise. Initially lauded as the transportation infrastructure of the future, Many Companies have jumped into the bike sharing market. Bubut now millions of bicycles e being abandoned and trashed. Delivery people are the base of Online Services, but their high stress and poor working conditions result in traffic accidents, a serious social issue. T
Without getting technical, the shift in Interest Rates has raised the risk of recession. Bad news for investors. The dow is going to be down 370 points. That means we are down about 1,000 points from the middle of last week. The s p 500 down maybe 45, 1. 5 , and the nasdaq, thats on track for its longest losing streak in three years, down bigtime across the board. Look at this. Talk about a flight to safety. Money pouring into u. S. Treasury bonds and yields are tumbling. The tenyear, the benchmark Interest Rate, now yields just 1. 78 . If theres any Silver Lining here, its the likelihood of even lower Mortgage Rates in the immediate future. The price of gold, that is a sixyear high. That is also part of the flight to safety. Bitcoin, bitcoin, money is flowing in there, too. Its back to 11,800 per coin, up more than 20 in the last week. Heres what we have to start the new week. A currency war, a prolonged trade fight probably, a stock market selloff bigtime and a universal flight to so