Debts are about 700,000. The Trump Administration dabs up its attack on chinese tech. Mike pompeo wants to cut ties well beyond just a campaign against tiktok. Alert on start with an the bloomberg. South korea announcing its surplus widening to 6. 88 billion. This is a recovery from the 2 billion level we saw in the previous month and recovery after logging a deficit in april. When it comes to the trade surplus, widening to 5. 867 billion. We have seen south korean exports slump, slowing in july. We are seeing an economic recovery in china and demand for semiconductors. Lets turn to Sophie Kamaruddin in hong kong for a check of the markets. What should we be watching out for in south korea today . Sophie we have more data coming out. Tourism revenue falling for a fifth consecutive month so the focus will be on the consumer sector. Of o have the likes reporting earnings. Consumer sentiment has rebounded for a third month in south korea and online spending will continue to be key as the
Meeting with governors that he believes that the fed chair is doing a good job. Also saying dr. Anthony fauci wants to play all sides of the equation. Nowas been pushing back on is the time for the economy to reopen we could backtrack on the progress we have made in the midst of the pandemic. To talk more about the market slide today, i want to bring in taylor riggs. Turned negative for the year. We saw the nasdaq boosted by tech considerably over the last several days. What has happened to start this turn . Taylor we have had some poor economic data. I want to talk about some of the cpi data to reinforce what we already knew. We are in a deflationary environment. You also mentioned jay powell. He said the economy faces unprecedented risks and could lead to economic damage. What that means for the nasdaq we have erased the gains we have had for the year. Year bynegative on the about 1. 2 . As you mentioned, big tex has been big tech has been in outperform or. Outperformer. The rest of
Q were relatively flat up slightly, up about 2. 5 points in europe we saw the active trading taking place all of this ahead of the fed meeting starting today the cac is the biggest gainer of the three major averages its up by q . You see gains of a half percent across the board and then if you want to seee1 whats happening in the treasur market here in the United States o0. 042 theres no way bad news is good Morgan Stanley is soenearish yesterday was the mostx boring day i watched ine the markets seeing the bug here and there at thee1 gym or whatever. I would look up. I have to check. E 46 i have to check. Up 46. Is it dog days yet it may be market breaking news. Facebook officially unveiling its cryptocurrency currency plans. Julia boorstin has more on that. Facebook announcing its new Digital Currency called libra. It will make it easy to send money around the world the currency is set to launch the first half of next year. It will be run by a nonprofit in switzerland up like
Aftershock. Heres incentive three clowns. Marlene painted it when she was a teenager. There arent random evil clouds walking ts rft sto commit a crime in. It is literally walking camouflage. A woman was shocked at her front door. By a person dressed in a clown costume. My heart dropped. Smiling and performing now. In a split second, they could wipe out that paint of a smile be killers. Wellington, florida, is just a very monied, sleepy part of south its right up against the everglades. Wellington is one of the richest cities in Palm Beach County. Youve got palm beach, which is the tony island of millionaires and billionaires. Deborah its also home to maralago, president trumps socalled winter white house. And then you have wellington. Youve got the wellington of the equestrian set, where Bruce Springsteen has a house. Quiet but lavish. The houses were built around a grass airstrip, and they all had hangars out back for the owners planes. Deborah now this is the way to go to work every
Power in gaza. And, norah, he told me that is a question for the politicians. A big question. Tony dokoupil, thank you. Well, tonight the offduty pilot accused of trying to shut down the engines of an Alaska Airlines plane midflight is now facing a federal charge. Cbss kris van cleave reports tonight that we are learning more details about the terrifying incident, including the fact that the suspect admitted to recently using psychedelic mushrooms. Reporter tonight our first look at 44yearold Alaska Airlines captain Joseph Emerson in court, facing 83 counts of attempted murder after he allegedly attempted to turn off the engines of alaska flight 2059 while he was off duty and riding in the cockpit jump seat sunday night. Weve got the guy that tried to shut the engines down out of the cockpit. Reporter according to newly released Court Documents, emerson told police he was having a nervous breakdown, hadnt slept in 40 hours, was battling depression, and had consumed, quote, magic mushro