All report Record Numbers of daily deaths. We are getting set for samsung results. We will find out how the pandemic has hit south korea smartphone makers later in the show. A look at how we are shaping up this thursday session. We will start with u. S. Futures. All eyes really looking at the fed, looking at jay powell. He said this is particularly the biggest economic shock in memory for the u. S. Prospects for further monetary stimulus, just incremental progress when it comes to negotiations, more fiscal stimulus, i should say. Chicago nikkei futures looking unchanged. It is a massive earnings day in japan, expecting results from hitachi, panasonic, as well as waiting on japanese retail sales. Retail sales coming out of hong kong later on. That is expected to be another grim picture. The yen, wonderful 97 is where we are. Steady below that one of five handle, the dollar coming under pressure from that super dovish fed and the dovish comment from fed chair powell. 41. 37, getting that
College football starts in basketball and you get to root for your alma mater or the team yet come to follow and its a lot of fun. Its gotten to be really big business. There are billions of dollars gamble on College Athletics. Theres billions of dollars in revenue generated from College Athletics, and its all built around a model of amateur athletics. So the fact that a lot of people are making money off amateur athletics, the challenge is, trying to make sure that the Business Model is fair, what you do but the people watching play the sport without destroying the amateur nature of the game . Because most of the people on a College Athletic team, that will be the end of their athletic career in terms of getting compensated. They get scholarships, many of them do, and room and board of them go into the private sector and go on about their lives. But the College Athletic experience is something i want to reserve. There are many people get to share that experience who will not turn it i
Activity and turmoil going on around us. Many of us are back in washington today. Were holding this committee virtually in compliance with the regulations for Remote Committee proceedings pursuant to House Resolution 965. This authority has allowed us to continue to do our work on behalf of the American People, while keeping our staff, families, and the Broader Community safe. We have all started to become familiar with navigating this technology, i do want to remind members of a few procedures. First, consistent with the regulations, the committee will keep microphones muted to limit background noise. Members are responsible for unmuting themselves when they seek recognition or when recognized for their five minutes. Members and witnesses must have their cameras on at all times. Weve got to keep track of you even if you step away from the proceedings. Please leave your camera on rather than logging out. Finally, as you know, we may have votes during todays hearing. It looks like theyr
Be risk on. The cash trade, less than an hour away. Here are your headlines. Big attack its even bigger. Alphabetacebook, and tune to techsumers to solve the problems of a global lockdown. The French Economy shrinks 13. 8 or after an increase in jobless claims shows the recovery is in shaky ground. Ibar, bnp arab are par beats all but one of the big wall street banks. Just an hour from cash trading. Lets look at futures. Futures futures, u. K. Are down but only slight moves. Nothing material. Nothing to show us what kind of direction we can expect. Futures right ww, if you take a look at the eif screen, also slightly mixed this morning. Of working slew earnings news. I will kick it off right now with natwest. Impairment charge of 3. 54. 5 billion pounds. Expecting less than one billion. In the Second Quarter, more than doubled the impairment charge for the full year. The company expecting at least possibly up to 4. 5 billion. The operating lost was 770 million pounds. Have iag asyou we
House hearing on the lessons being learned from the coronavirus and how its affecting critical supply chains. Live coverage here on cspan3. Community safe, all started to become familiar with navigating this technology, i do want to remind members of a few procedures. First, consistent with the regulations, the committee will keep microphones muted to limit background noise. Members are responsible for unmuting themselves when they seek recognition or when recognized for their five minutes. Members and witnesses must have their cameras on at all times. Weve got to keep track of you even if you step away from the proceedings. Please leave your camera on rather than logging out. Finally as you know, we may have votes during todays hearing. It looks like theyre going to be later. If we do have votes, it would be my intention not to recess. Members should vote when their group is up and come back immediately. If your turn for questioning comes up while youve stepped away, i will get back t