Country out of its worst economic slump in decades. The deadline draws near for tiktok to divest it u. S. Assets, reports a shutdown of its priced app for sale. We have breaking news. Oftbank will be selling this as bloomberg learned softbank was trying to strike this deal that could be valuing it at 40 billion. Arm, weis deal to sell could have seen softbank reviving those stocks about taking the group privates. We are hearing that softbank divisionelling its arm to nvidia. This would be a 40 billion deal, the biggest chip deal to date. The transaction value is up to 40 billion. Nvidia could be paying more than 21 billion in stock and 12 billion in cash. This would be a 2 billion payment as signing. This coming at a time as we continue to see softbank divest its assets. Softbank could be receiving an additional 5 billion of cache if the performance meets certain targets. This also depends on what regulatory scrutiny they go through. This could be the largest ever in the semiconductor
[please stand by] virtually no cars, no motorcycles, no anything. Things that would normally be taken care of, we dont see anymore. The ship is ready, but it has to, if we need it, needed for the virus, we would be using it for that. We would prefer not but if for any reason they need it, it is ready, willing and able. We have the we have the best logistics officials anywhere in the world and we are orchestrating a massive furlough response federal response unlike our country has ever done. More and more we are using medical people because of the states, iniction particular, new york, new jersey, long island has become a hot spot, part of new york. Sending a lot of things and now personnel where it is needed, military personnel. As of tuesday we will have deployed over 3000 military and Public Health professionals to new york, connecticut and other parts of the country. The number is going up. Off in we see a leveling the hottest spots of them all. You will see that over the next few d
And any barriers to goods and workers should now be removed. U. S. Business is pleading for help as demand and production fall. The president calls says that china will pay. Shery we are looking at how markets are trading. U. S. Futures are under pressure after we saw the nervous rebound in the trading session. The s p 500 slipped between small gains and losses. We have energy in a discretionary stocks leading the gains. We actually saw the nasdaq composite really rising more than 2 because of bargainhunting going on. Twitter andtesla, netflix as well. So we have seen a little bit of upside, especially the energy sector. Take a look at what oil. Is doing it just hot its best day on record. In fact, climb back most of the clawing back from most of the losses we saw earlier in the session. We are coming back from the lowest level in 18 years. This has the president said he would get involved at the appropriate time in the state of between russia and saudi arabia. We have seen the u. S. G
Coming through in bonds with yields climbing. Up by six basis points. Weakness coming through in the offshore yuan. We saw it weakening yesterday and we are watching moves coming into the Singapore Dollar that has fallen the most in the month against the u. S. Dollar. Generally broad strength coming through. Market falling to the lowest levels. Rishaad lets have a look at the hong kong executives response to the weekends of violence on the territory streets. Su keenan for the first word news. Hong kong chief executive carrie lam has appealed for an end to apps of vandalism acts of vandalism after some targeted subway stations over the weekend. She said the government is continuing to work on a platform for dialogue with the public in order to resolve tensions in society and said there was no need for interference in hong kongs internal issues. Treasury secretary Steven Mnuchin says the u. S. And china have made a lot of progress ahead of renewed trade talks next month, adding that the
Assets. Valuations of emu dollar bonds at the levels that no longer make sense. David its interesting you bring this up. First i want to flag, it is 2018. 20 years since the movie armageddon. [laughter] of course thats bruce willis and ben affleck. The other thing i want to type out, the valuations. Are investors getting enough reward for the risk they are taking . Thats a conversation we will be having in a few minutes. Have a look at where we are on the market story this thursday morning. Here, we are looking at a decline across the equity markets today. First decline since the year started. Were almost looking at nowhere to hide. You are getting mongolia at the top. Let me flip it around and look at the broader picture across benchmarks in the region. The story at the very top, 1. 4 drop in new zealand. Biggest drop since the u. S. Elections in 2016. Across equity markets, the biggest winners in this recent leg up are some of those getting dumped the most. In that way i guess we are