Dow hit its alltime high of 29,568, just 16 trading days later its down 3,400 points. Keep a little perspective here. Yeah, thats a big and rapid drop, but were not at this point in a bear market. We are going to open down 700 for the dow, 80 odd for the s p, 270 for the nasdaq. Its a friday. Remember that. Its important. There will be some reluctance to hold stocks over the weekend because you simply dont know what virus headlines will greet you come monday morning. Now, heres some positive news on the economy, which is having no effect on the market. 273,000 new jobs added last month. A blockbuster report. But that report looks backward. The stock market looks forward. Larry kudlow will be addressing this coming up on the show today. And we expect to hear from President Trump shortly. Last night at his town hall on fox, he had a calm demeanor and on the virus he said we have plans for every single possibility. The campaign trail. Elizabeth warren has not yet thrown her support behind
Seeing whippy action. Lots of movement happening all over the place. We are going to take you through all the news with global exchange, the market moving news from all around the world. From hong kong to new york to washington, our bloomberg voices are on the ground with all of this mornings top stories. Announced newj measures to pump liquidity into the markets to ensure financial stability. Joining bs enda curran. What do we see joining me is in the current joining me is enda curran. What do we see . They bought around 100 billion worth of stock funds and came out with an emergency statement making it clear that they will do whatever it takes liquidity ande is stability in the markets. The boj actions are flecked growing concern about dollar reflect actions growing concern about dollar shortage. We have seen australia pump in a lot of money, and china centralbank top off today with the rrr rate cut. That is all about freeing up funds for banks to lend more to companies that need it
Joe biden have another blunder. And now other kernels had been counted. American spent 48 billion shopping online and now amazon wants to be there from start to finish. Its monday, august 12 fbn am start right now. [music] it is monday good morning to you and thank you for joining us. A lot of coffee on this monday. You will need this market check coffee. There was a decline of 140 points. S p down 14. A lot of chatter about global Interest Rates. The negative in some parts of the world could that happen here. Where 1. 7 loss of four basis points. They are trying to diversify themselves oil is down one half percent. Over to asia. Hong kongs airport canceling remaining flights today are starting to see a hit on the economy there. Lets take a look at how stocks are trading in europe. The dax in germany gaining. With a big week ahead. It will really start to give investors of the inside of the impact of the trade war. How is it affecting you. We are getting a look at Consumer Prices tomor
Immigrantsas more. Reporter the details of the program and how it will affect people has yet to be seen but it will likely make it more difficult for low income immigrants to come to or stay in the u. S. At Alameda Countys food bank they said they been worried the rural was coming since President Donald Trump took office. This policy intentionally will increase hunger in our community for thousands of families. Reporter the rule means many green card and visa applicants could be turned down if they have low income and have used government benefits. They said there is one purpose. To objectively determine whether an applicant is likely at any time in the future to receive Public Benefits above the designated threshold. Reporter the rule is an expansion of a clinton era law used to classify immigrants dependent on the government for support and requircaers to consider how much green card applicants benefit from government housing, food stamps and arraid ey will beneeds of those who are n
I rang British Airways and they said they cant do anything for us over the phone. Plans to resolve a row with doctors over their pensions, after senior medics refuse overtime shifts increasing waiting times for operations. Boardmasters festival in newquay is cancelled just hours before it was due to go ahead, because of fears of severe weather. Good morning. Welcome to bbc newsroom live. Our top story uk supermarkets are seeking permission to Work Together to prevent Food Shortages in the event of a no deal brexit. Theyre hoping the government will waive strict competition rules which normally prevent rival businesses from discussing supply or pricing. Throughout the day and across the bbc well be looking into what the impact of leaving the European Union without a deal could be. Well hear from italian ice cream makers to danish pig farmers, from tourists to economists. But first, what does no deal brexit actually mean . A no deal brexit would mean the uk leaving the European Union wit