States. Benjamin i noticed that there may have been a flurry of books on socialism. This is price because socialism has come into the american mainstream for the first time in our countrys history. There have been socialist candidates in the past predict Norman Thomas but they were never in the mainstream for now, infected a time when many of the socialisms had collapsed at the end of the 20th century suddenly its back in his back with a vengeance. So my surprise theres a lot of books that try to take stock of it. By and large its going to be the history, the idea the socialism has never worked before. Certainly not for lack of being tried it was tried and really the majority of the world. The largest countries in the world, russia, china, india. Oh one go into the socialist direction. So is that it didnt work before so its not going to work now. History kind of argument. But the problem with that argument is the socialist left result a lot of people dont know the history so it doesnt
Good morning, im in today for Brian Sullivan lets start off with our your money and the Global Markets are shaping up on this monday morning. The dow will be higher by around 90 or some points. Gaining some ground in the past few minutes. You can see the s p higher by 4 points and the nasdaq rarely an underperformer now you can see implied open lower by 16 points now this is coming after solid gains for the major indices last week more on that in one moment here. Turning to the bond market as well, the yield on the benchmark ten year Government Note or just around 56 basis points the two year note yield about 13 basis points and the 30 yearlong bond a hair below 1. 24 or 124 basis points taking a quick look at the price of gold as well, remember, hovering around the record highs. That key one to watch, the last trade there, gold futures up about three quarters of 1 lets go worldwide karen is in london in the newsroom what can you tell us about the trading there. Seeing those u. S. Futu
Taken since yesterdays 3,000 point drop jim, you have never been a huge fan of futures, but you think they are especially irrelevant now. Right these are fraught. I got up three, the market looked great it was up like looked like we would make up half of what we lost yesterday i come back, were down. Lets stay focused on individual stocks individual stocks are all being brought down by the indices. The great opportunities, i want to use that word, come from the obliteration of the futures, mean while there are companies who are doing well theres companies doing quite poorly well go over both there will be opportunities today. Theres a lot of give up yeah. I want to get i have a lot of specific questions for you i know you have regeneron tonight. Signs of hope, whether its test kits from roche, therapeutics, you heard gottlieb a moment ago talking about it those three things, test, therapeutics, vaccines we are starting to see very early signs of progress. Absolutely. You look at tesla.
Exchange, where we bring you todays market moving news from all around the world, from hong kong to london, to new york and washington. Our bloomberg voices are on the ground with todays top stories. In asia, hundreds of thousands joined hong kongs biggest demonstration in months in signs that demonstrations will continue into the new year. Joining me is stephen engle. Give us the update. You know, this has been a protest movement that is now into its sixmonth, and i have to say, there is a bit of protest fatigue. People are tired of the violence. People are tired of the vandalism. They are tired of the disruptions to their morning commute. They are tired of the damage to the economy. But they are also tired of what they perceived to be an intransigent government here, unwilling to make any concessions to the protesters. That left this weekends big mark. A big question will there still be momentum for the protest movement, which has dwindled in size, but increased in violence . That an
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 be more engaged. Facebook is partnering with paypal and stripe on the back end and still support credit cards and paypal checkout. Analyst tell me this could be a positive for paypal since its a partner in the announcement. And facebook pays seems to be more focused on ecommerce than pe