This trillion budget deficit the australian budget deficit turmoil withs in tensions in china and the virus lockdowns. Shery lets get a quick check of the market. We are seeing u. S. Futures coming online a quarter percent higher at the moment. In the broader context of things, the s p 500 goes down for the fourth consecutive week. On friday we did see some misfires and after the market closed we had news that stimulus count had resumed stimulus talks had resumed between speaker of the house nancy pelosi and steepener nguyen. W steve mnuchin. 4 . Is down it did manage to stay above that 40 per barrel level but we do have concerns over the virus search. The dollar seeing its best week since april. Haidi we are seeing currencies in asia at this early part of the session holding pretty steady. We are seeing some downsides when it comes to trading already. Isare looking like tech possibly following the lead in the korean and japanese markets. In asia, it is a muted first half of the week w
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This is on the money, your money your life your future. Now becky quick. We begin with jobs of the future this Labor Day Weekend. How will americans work in 5, 10 or 15 years . Some of the jobs will be in fields you have never heard of and some here right now. Kate rogers looks at blockchain, which some compare to the earl days of the internet it sounds confusing that is the cover story today. What is blockchain . In essence its a record of transactions, a transparent and tamperproof digital ledger that can be updated in realtime think of a massive series of google docs all linked together. It allows Government Agencies or companies to set up a spread sheet to share information quickly freely and without fear it could be altered without users detected. It makes the data in our processes permanent and increases the level of confidence in that data. The technology was first developed as part of the Digital Currency bitcoin, but now its use is expanding to insurance, retail logistics and