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Well china for instance reporting an increase of cases and u. S. Officials warning this week will be the toughest yet as hospitals struggle to maintain and eck up and down their capacity. Coming up on todays show, blackstone is donating millions of dollars to support Health Care Workers and First Responders in new york well speak to the ceo about that and his thoughts on this volatile market. Plus, well be joined by the ed of the transports union. 59 minutes left of trade. Lets focus on the big stories we are watching nowful meg with the latest on treatments for the virus. Peter from canter fitzgerald is here with us to talk b about the volatility in the oil market in particular, but first, mike, want to get your take on todays rally and where this puts us a pretty crisp rally, cant argue with that. Where it takes us is one of the most interesting things. A oneyear cha ....
Space, facebook, the stock jumping after the social Network Announce the a Payment Service operating across all platforms straight to kait rooney in San Francisco with the details hey, kate. The social network is stream lining the Payment Option was facebook pay think of it as a wallet on facebook, lets you send payments to friends and shop on whats app and instagram this is the latest sign of the tech giant push into payments. We saw a little bit of that with libra and the ambitions in cryptocurrency but whats app and Facebook Messenger have not seen huge adoption when it comes to the current payment methods. Analyst tell me this is way to get the apps working together seamlessly and the hope is theyll b ....
That news as meaning the u. S. And china a closer to finalizing phase one of a trade deal. Eunice yuaneinjing for us tonight. Reporter china says the two sides hav agreed in principle to roll back some of the existing tariffs in phases. The Commerce Ministry said the negotiators have been discussing this the past two weeks. And the Ministry Said that for a phase one agreement to bed reacome of the additional tariffs have to go. Beijing wants the tariffs lifted at the same time by the same amount. How much could be negotiated. And a spokesperson said the time and place of a deal signing has yets to be decided. And after the remar the state media has been laser focused on the point that if tariffs are not removed there is no deal. Ats been one of beijings kor demands. The papers also efrpzed that tariffs need to be lifted simultaneously and indication to the chinese that chin ....
Im Brian Sullivan its going to be a very busy day for the markets and your money the market still digesting and reacting to the news that President Trump will slap another 10 tariff on the remaining 300 billion in chinamade goods not already subject to taxes that goes into effect september 1st. Its also the first friday of the month, that means its the monthly jobs report day, which, if its very weak, could press the fed to maybe cut rates again in september thats if that number comes in soft the dow losing 280 points yesterday. It looks like we could lose more dow futures are down just under 100 points we walked in the door about an hour ago, they were down about 50 we are losing steam. Its still early anything can change. Do keep in mind context is key the s p 500 is still up 17 this year. The nasdaq 100 still up 23 . So the markets have absorbed this fairly well, but the ....
Markets. Up and down. But right now if you look at what weve seen happen over the last month it has been impressive somebody this week was talking about 1938 in a different context. I cant remember what it was not political context in a fed or some type of economic context yeah. Yeah. So thats quite awhile may wasnt so great. May was terrible. That set you up for june all three major indices are having their best month since january of this year triple digit gains as we head into the g20 meeting this weekend with so many people watching what will happen between china and the United States look at what happened overnight in the asian markets you will see the nikkei was down by 0. 3 . Same thing with the hang seng. Shanghai was weaker. Down by 0. 6 then this morning in europe, where there is some active trading taking place right now, green arrows across the board at this moment. Biggest gainer is the dax, which is up by 0. 4 . Every ....