The governor of texas warns of a massive outbreak. The imf adds to the gloom, further lowering its Growth Outlook, saying the pandemic will cause even more damage than first feared. Haidi that lead really playing into the downside we are expecting in the asian market session. Lets get it over to Sophie Kamaruddin in hong kong for a look at what we are expecting. Board, pulling up the asian futures pointing to losses of 1 or more amid the imf. Warnings of a deeper recession with japan and the Growth Outlook taking a hit. 1. 2 in theup by red this morning. A down day with trade disruptions back on the table alongside virus risks. Flipping the board, we are seeing bonds on the advance. Aussie tenure yields off by four basis points. Treasury futures to the upside after the overnight flattening we saw in cash yields as the bond market is signaling a more cautious outlook than we have seen in stocks. Check out the dollar extending gains against g10 peers with increasing u. S. Trade tensions
255,000 people now dead. China hits back at u. S. Criticism saying the Trump Administration is lying. U. S. we are seeing futures flat at the moment after stocks gained for two consecutive sessions. We have seen sentiment being boosted as economies move towards easing the lockdown, cautionary comments from fed officials cutting the gains in half. Health care, utilities and games cut in half area energy was a gainer. Look at wti, adding to the gains of the regular session in new york. It had gained 20 , at the moment above 25 a barrel, the highest in over two weeks and the longest winning streak in nine months. Production is starting to ease. Walked up being felt across markets. Lockdowns being felt across markets. Wedi there is the sense dont know what is going on and price this market we are seeing . Lets get over to our next guest. Times,e unprecedented earnings for the companies that are still giving earnings, is pretty unreliable. What metrics do we go by in terms of pricing and va
Proclaims we dont need to raise taxes on middle class by one penny. Reality check and so much more on making money. Charles the economy booming, showing no signs of slowing down. Were doing better experts thought we were. United states adding 128,000 jobs, 40,000 more than consensus. Hours worked outpacing expectations. That hid the highest level in six years. I have liz peek and steve moore. This was 128,000. Minus 40,000 from the gm strike and consensus revised up 95,000. Doesnt get any better than that, charles. To see manufacturing would have been up except for this. After all the concern about a slowdown in the manufacturing sector. This is great news. 15th consecutive month where wages go up by 3 or more. I think, look, i think democrats have to be horrified by these numbers. This blew out expectations. Absolutely, by the way you mentioned Third Quarter earnings a second ago. It is one more data point including Third Quarter earnings where everything is coming in above expectatio
Heats up. Now, the company has a new plan to win back all the breakfast dealers. And guilty plea, sac, one of the most profitable company, admits to wrongdoing and is set to pay a record fine. All that and more tonight on nightly Business Report today on monday, november 4th. Good evening, im tyler mathisen, it was not all that long ago that blackberry was the envy of the tech world, everybody wanted one of the ohsocool smartphones. But that was before apples iphones and smartphones and android, offering faster access to the internet. Shares saw modest gains and big names did consider buying the company. But now everything has changed. The company is not for sale anymore. Its ceo is on the way out and its biggest shareholder wants to pump a billion more cash into it. Shares fell no more than 16 today to a tenyear low. So can blackberry be saved. Josh lipton has the story. It is a dramatic fall from grace for a company that basically created the smartphone craze. Everyone had them at wo
Oil lower and baker hughes. Searching for some green on the board, which we always do here on countdown to the closing bell. Technology for once the only s p sector today moving higher. Its been a a real downer over the past couple of months but right now apple is charging forward, up nearly 3 as anticipation for the mini ipad because you know, we all upgraded to the ipad 3, which youre not supposed to call the ipad 3. Now we need the mini ipad. The anticipation continues to build this week. When will they unveil it . Wwll it be the day they come out with earnings . Thats thursday. Lets get right to the floor show. Traders at the new york stock exchange, cme group and the nymex. Kenny, friday you and i talked about how what might we see this week. We see this follow through with the losses today but with the nasdaq down just 3 points, im thinking it was down 67 points on friday, how worried are you about tomorrow . What do you think . Heres what i think this morning and i said it to yo