Correction from the march lows. Joining us is a chief market technician. Nasdaq, what is the level that we stabilize at . That is a great question. I think rather than looking at the levels, i think it is more about duration. We need more than one or two days of selling to alleviate the excess that we have built up over the last few months. Anybody who has been following the markets, equities seemingly have grind it higher every single day, so there is a lot of excess, a lot of exuberance built into the market. A a day or so of the selling pressure is not going to alleviate that. Where we kindbove of should be, are we . I guess it is the question people are trying to understand. We did push up aggressively, steadily though, but it has taken us above the 50, 100 and 200 Day Moving Averages. We are starting out to get back down to levels closer to the 50 Day Moving Average. How important is that going to be as a level we need to Pay Attention to . The 100 and 200 are still a ways away. T
The survey number was 95. Present situation, 94. 2. That is better than last time. In terms of expectations, though, 91. 5. The Manufacturing Index has come through better than the survey. Last time, it was flat with expectations at five. We came through at 10. The consumer is getting jittery. Alix especially as the sunbelt is hit. We had an announcement from the fed earlier. Michael mckee is with us. Walk us through the numbers and to talk about the fed meeting tomorrow. Mike the numbers are connected to the meeting, with Consumer Confidence following and the outlook for the next six months dropping dramatically as it did, the economy is looking like it will go back into some sort of contraction, based on the new covid19 cases we are seeing. The fed sees as something they do not like, because moments ago they announced they are extending seven of the nine lending programs they put into place in march, through the end of the year. They were going to expire on september 30. The only one
Trying to taste you never really charming. Why did you lose the resistible. W. 0. During our forest sell off the electric car maker 10 flights preparing to offload 2000000000. 00 worth of stock this just by c. E. O. Elon musk insisting the company doesnt need that cost will go to wall street to find out whats behind the surprise move. To argentina government takes hold talks with the International Monetary fund the government hoping to renegotiate a monster blow that critics say is contending the countrys economic misery. And consumer culture are a very worst every year billions of dollars worth of returns processed it ends up a landfill will tell you why Online Retailers like amazon prefer to burn on ones of products that dont make. This business on k. Ferguson welcome tesla c. E. O. Elon musk was once again surprised markets this time with the announcement of a major stock selloff and we can see just how a major right here shares worth 2000000000 dollars will go on sale the decision
Business report im Stephen Beers in berlin thanks for joining us today marks 15 years since you tube was born the site was set up by 3 former colleagues a pay pal to give people a place to share clips online a decade and a half later accounts over 1500000000. 00 monthly users and netted 15000000000. 00 in ad revenues last year heres a look at how it all began. Very 1st video could scarcely have been simpler during his trip to the zoo cofounded jahvid karim had no idea what his primitive creation would become just a year later he and his friends chatted heavy and steve chen would be striking the deal of a lifetime. Today we have. Been acquired by banks less than 1650000000. 00 since being bought by the worlds most visited web site you tube itself has become the worlds 2nd most visited web site. And its not just john fit chad and steve who its made rich has created a whole new brand of celebrity the most successful you tube has such as hyperactive sweet. Make in excess of 10000000. 00 a
with this? with the smudges were lions as a beef. what s your story. ready he wasn t on women, especially as victims of violence in a lot of them take part and send us your story. we are trying always to understand this new culture. so you are not a visitor now the guests. you want to become a citizen. in phil migrants, your platform for reliable information ah, a historic talents. that s how german chancellor olaf solids describe the worsening cost of living crunch in the country. he met with business representatives and trade unions to hammer out of crisis planned for europe. biggest economy. also on the shelf turkey 2 is feeling the pain of inflation experts. a prices have risen much higher than official estimates. so do normal turks will hear from them shortly. and staff shortages are dragging down what should be a summer of recovery for many restaurants and hotels in europe will visit madrid. this is the w business. i m janelle de marla on welcome food and energy prices