A big cornwells fought on the answers with some stacy in the root cause a report up next that neil harvey is on his way to be sure to bring the morning news updates next hour join us again that. Time max keiser this is the report i salim accessed a standard Telegram Group where there are 24 hours a day just talking to people. And me forwards arent spell. And do it this way weve got about 8000 in there now going to be blindly as party on planet earth so stacey remind me again whats happening in the world rides well the big news in the past week is at the end of last week a video was released of a conversation between the former bank of england had mark carney now interviewing people for the council on Foreign Relations so a very powerful organization in america and larry fink who is the c. E. O. Of blackrock the largest Asset Management firm in the world they have 7 trillion dollars under management so you know larry fink is like an untouchable right like hes probably more powerful than
Were taking an ominous turn. Lets go to Jackie Deangelis following all of this and some of the restrictions being put in place to respond to this. Jackie. Reporter good afternoon to you, neil. Thats right. The market is lower because of spike in cases. Weve been talking about pretty much all week. That is after we got the news pfizer or biontech come to stronger conclusion on their vaccine it would be 90 effective. There are still so many questions about this. Today on mornings with maria the biontech founder talked about the vaccine, how long it might protect people. Roughly a year or so listen. Theres a good chance that the vaccine not only will protect us but could protect from infection or virulent infection for a significant period of time. I personally expect that the vaccine could protect us with, with protocol for a year. If we learn we need to reimmunize. We could do that after one year. Reporter meantime the pfizerbiontech vaccine was not the only one in the works, right . We
Secretary talks to cnbc moments ago. Shares of Morgan Stanley are slightly lower, it would appear, ahead of the open. The bank topped revenue estimates by a billion on what was stronger than expected trading revenues and ev price war elon musk cutting the cost of teslas model s for a second time in one week, carl meantime, guys, got to take stock of this selloff here in the premarket, jim general take this morning is that the market is now catching up to what we know has been a problem in europe, and these lockdown restrictions in the uk and france are getting more serious. Dollar strengthening, some believe, because the situation here is at least better than europe on a relative basis. I think were importing their negative ty. I dont think it is going to last you cant make any moves to the positive until about 11 00 when you start seeing their markets peter out. It is one thing, it is very frightening when you read what is going on there. It is obvious it is a second wave it seems mor
1. 5 ct for the s p tumbled and the nasdaq hit harder in a couple of minutes. Treasuries and the yen gain. Money floods into safe hane assets it is a president s positive test acts as a wakeup call for markets. Good morning. Just under an hour away from 60 minutes away from the start of cash and equity trading in europe. We do see drops more than 1 in European Equity Index Futures. We were looking at some positive numbers just an hour ago. Take a look at the u. S. Futures. Down with the nasdaq underperforming. 1. 9 . And dow off anna we see reaction to these stunning headlines that have taken the markets by storm. Gripped the market. Dictating many over the moves that were seeing. Beware many of the markets in asia are closed. What we have open in asia is japan, australia and indonesia. We saw instant negative reaction. Nasdaq futures down by as much as 202 in the initial place where we saw the news breaking. We do see negative riskoff reaction. We see money going into the dollar and c
Slightly pressured. 650 billion are wiped out in u. S. Equities in one day, yesterday. A lot of it has to do with the dollar. On track for the best week since april. That is hurting sentiment around the region. The aussie dollar is hovering around the july lows. You have more calls for a cut of the cash rate from the rba next month. We see yield heading lower in australia. 105 for yourat offshore renminbi. Slightly stronger for the pboc. Here are where yields are. 67 basis points. We continue to watch whats going on in the aussie 10 year, and the china bond inclusion could happen later on today with that ftse russell. Russell wreste. Could spur inflows into the market. We are watching commodities with the Dollar Strength. The metal is falling off. Silver, copper and aluminum taking the biggest hit in the last 24 hours. The marketre on action we are joined by our mliv strategist in singapore. Question of the day is what i want to start with. What assets suffered most from deleveraging .