Stay updated with breaking news from Ministry china. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Good morning on bloomberg radio. Good morning on bloomberg television. It is extraordinary to be the beginning on global wall street of the holiday season, and i can never i can never think, even the tragedy of 9 11, i cant imagine how much of a tragedy this holiday will be with the pandemic. Jonathan the numbers are terrible. We talked about it an hour ago. We started this month with daily infections in and around 80,000. That has doubled in 11 days. If Health Care Capacity gets tested, they will start to introduce more restrictions. Heres the critical issue. Who is going to step in . Where the fiscal policy maker . Bridgewaterf says we have a mismatch between the length of the pandemic and the willingness of fiscal policy makers to do something in equal length. Tom it has widened out, without question. What is so important here is to gauge the pandemic, and we are all doing that on a local basis. You and i, we hear more si ....
W business i want to go jones and berlin good to have you with us just 3 months after joining tick talk with great fanfare kevin is quitting the chinese owned video app and his short career with the company the former disney executive 1st found himself bang in the middle of a current tech war raging between the u. S. And china. The big question is will kevin mayer find a u. S. Buyer for chinese video platform ticktock before he goes. 4 ringback so far microsoft facebook and oracle have expressed their interest u. S. President donald trump says the app will be banned in the u. S. Unless its brought up by an American Company open competition far from it tick tock belongs to Chinese Company bite what it actually does with the data of tick tocks 100000000 u. S. Users is unclear chinas willingness to spy on app uses generally is well known. Thats why us social media platforms l ....
Quickly. And staying strong. The worlds top iron ore prices are among the highest out of china. Shery lets get you started with another check of how markets are trading at the moment. Futures underu. S. Pressure as stocks fell to the lowest level in two weeks. We are seeing it down 0. 7 . Than 2 ,00 lost more same for the dow and the nasdaq. The dow losing more than 700 points. We had the sharp increase in virus cases, adding to economic anxiety. So risk off positioning was very strong last week. We did get positive data over the weekend, signs that the chinese economy is continuing to recover and profits rebounding in may for the First Time Since november. Take a look at what oil is doing because it continues to fall. Actually, we saw a second week of declines, the second weekly decline since april. We continue to have these lower prices after a cautious rebound, now headed towards 37 a barrel for wti. We also had chesapeake fi ....