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Coronavirus cases and political tensions. The Trump Administration rejects beijings claims in the South China Sea, accusing it of bullying. The u. K. Is set to ban huawei from its 5g mobile network. The plan would mean British Companies need to remove huawei infrastructure by 2027. Welcome to the program, everybody. Lets check out the futures. Lots of moving parts in terms of the market action. Lots of geopolitics to talk about as well. We have futures pointing to the downside in europe. We have to play a little bit of catchup with the united states. Lets get to some of the breaking news out of the u. K. That is certainly going to be one of the focuses in our program. The u. K. Economy shrank by 19. 1 in the three months ending in may. Getting a three month figure. Main manufacturing production rising by 8. 4 . ....
Page to the anger of some customers. Ceo jeff bezos responding personally. Facebook continuing to face zuckerberger mark allowed a post suggesting looters be shot from President Trump to stand. A report that has been somewhat debated, sending the markets to new highs. I want to bring in abigail been covering has all the action. Lots of debates about the job numbers, whether or not they are correct. Investors looking optimistic either way. Abigail they are looking optimistic irrespective of those job numbers. If you believe them, even though there is some question, larry kudlow had allowed for some possibility that there was a grounding situation in the way that bls counted certain americans and those jobs. Tons of optimism. At the end of the day, it is very positive in terms of the reopening. The real stir of the animal spirits remains the fed and liquidity they have been pumping into the system. Eyese day, record closing about t ....
Down sharply, for a third day in a row on fears that these tensions between hon congress and the tension with China Hong Kong and the tension with china is a sign of the tensions in the u. S. , the idea there will be more likelihood the china firms will be delisted here in the u. S. , confirming the risk tone we are seeing for more of the china sensitive areas. Bonds rallying a little bit. This is very small decline for the s p 500 on the day, david. We are going into the long weekend so it feels like a lot of traders have checked out. On the week, it has been very choppy, great point, two down days in a row. But on the week, we are looking at a gain, up 2. 7 . That comes after last weeks loss. That range we have been talking about is in place, the bulls and bears looking for more information on what could be next for the Global Economy and how that will play out through the ....
Reflecting what is going on on andstreets of hong kong among chinas npc members. The s p down. 1 . Its been a pretty good week. Nymex crude Oil Futures Contract is down to finish the week. Under 33 a barrel. The dollar index is strengthening, a weaker euro, as well as canadian dollar. Lets get a deeper dive into todays Market Action standing by with taylor riggs. Taylor equities coming off the bottom we had seen earlier. Now you have the nasdaq and nasdaq 100 in the positive, resuming the leadership we had seen there. Only up about. 2 . Still notable that it turned positive. Meanwhile, all the other major averages looking at losses. You mentioned some of the trade tensions that are happening between the u. S. And china. There was a new security law that some are saying could take away a lot of rights from hong kong, as well, the u. S. Passing a bill in the senate that co ....