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Dealnews, kicking it off with one of the slew of deals, oracle and tiktok. The u. S. Government will undertake a security review of the potential partnership. Treasury secretary Steven Mnuchin said that earlier today and added the deal tiktok would create Tiktok Global and finalists. Joining us now, shelly banjo. Outre waiting for more news of oracle. It still needs approval from the u. S. And beijing. What are the odds this thing actually gets through . Shelley we are far from done. I would say we are just beginning to figure out what will happen. Now the ball is in the Trump Administrations court. Has a set ofktok microsoft, your proposal is not going to fly with us. Were going to go with oracle which provides much more control to keep a lot more control of the companies can previously discussed under a microsoft ....
Romaine we will get back to david in just a moment. Taylor to jump over to riggs. Taylor attack, the big movers. Wanted to take a look at interday of the s p 500. Pretty volatile. Earnings around, so if you dont mind, i will jump to the end of my segment here where we were taking a look. Amazon saying that they are 26 ng net sales up yearoveryear and just a little bit higher than the estimates of of a 73 and three quarters billion dollars. Secondquarter net sales a here, versusy estimates of about 78 billion. They are saying that they see the crisis, demonstrating adaptability and durability. Amazon First Quarter net sales just above estimates. Sales rising about 0. 25 . In theally interested cloud service. That is where we saw a lot of strength with microsoft and alphabet. Strength within that cloud business. Very curious as Amazon Web Services is the leader. I will leav ....
And paying the price, documents seen by bloomberg say Facebooks Libra crypto is already under scrutiny in the eu. Lets get a quick check of the tuesday session in the u. S. , risk off day with stocks ands and yields slumping. Every sector in the red in the s p 500. Financials and materials leading the declines. We continue to see investors prematch focus on what has come out of the jackson hole gathering. Meantime, the dow losing 100 summary three points while men nasdaq was down 7 10 of 1 . We also have a big week for u. S. Retail earnings, a bit of eye divergent picture with cold disappointing but home depot homes disappointment but depot rallying. Risk off sentiment for the day, u. S. Futures unchanged for the moment, but lets see how we are shaping up in asia. Futures are nudging lower, the asia stocks could have fresh lows this week if the momentum keeps up. We have a more soft ego data today that could put on the pressure. ....
They have fared pretty well during september. But earlier in the year when we saw that huge rally in tech, they performed quite badly. Going back to the micro and macro factors, when earnings are important, Balance Sheets are important, they should be the perfect time . Of course, for the last month, we have seen macro factors coming in strong. We have seen the higher for longer narrative. We have seen political developments. So, now that those micro factors are fading in, it can matter again soon. Guy abigail, talk about dispersions in the market. What are correlations at the moment . I look at volatility and it seems to be suppressed but then you look at single stock volatility and it seems to be elevated. There are trades that are long single stock vol. All i see on the daily basis is a violent rotation. In theory, that should be a market in which you want to pick stocks. Day by day single stock news is there and we are getting ....
Avril optimism fading, moving past the 50 day moving average, this is fueled by fed optimism. We also got a bit the tailwind for sentiment thanks to the homebuying restriction curbs being relaxed a little bit. But weve seen in the session of the chinese stocks have been swinging between gains and losses, although japanese stocks have returned from that long weekend and the optimism and state of play seems to still be boosting the stocks in the country. We be encasing keeping a close watch on dollaryen. We are seeing it moving back to levels would last saw on thursday, working off the assumption that there were two rounds of intervention last week. Well said that level coming through roughly help 1. 54 despite intervention coming through from the currency chief. Weve been focusing as well on the aussie as we hear from the rba in the next hour. Lets fit the board and take a look at how traders have been bracing for a Hawkish Centr ....