Dollar. Shocks are shoveling and there is a haven did, signaling some uncertainty as we wait for some sort of a fiscal stimulus package around the pandemic out of d. C. Taylor what are we seeing in sector level in the first two weeks of august . Abigail it the cyclical field. Yesterday it felt Like Technology was gaining, but so far in august, the top sectors for the month of august are cyclical sectors, such as industrials, energy. Consumer discretionary is in , but the there reopening sectors are taking gain and also giving the idea support, the dow transport up until yesterday had been up 11 days in a row, the longest since 2010. That is the one index gaining come up 1. 3 . Investors hoping there will be a promise of a reopening ahead. That is what some sectors in the stock market are telling us. Taylor that is bloombergs Abigail Doolittle. We are going to go to the chief washington correspondent, Kevin Cirilli. He is standing right at the white house with the landmark deal with isr
Are broadcasting live direct from our studios in moscow this is our Team International im sean thomas certainly glad to have you with us lets get right to our breaking news this hour all right a devastating explosion ripped through the lebanese capital on tuesday government Officials Say at least 78 people are dead and more than 4000 injured the blast went off in the citys port area destroying nearby buildings and causing chaos across beirut. Wall. Was. Going to let. Her out. But. We heard from a reporter in beirut she gave us a sense of the severity of the explosion. The devastation here in the lebanese capital is very modest if it is being estimated by tens of millions of dollars as we said earlier the blast was felt 10 kilometers away from the port where it took place i believe this is going to be a sleepless night for the lebanese and a very sad night on social media a lot of lebanese are faring through the incident unfortunately there are for and through it. Scores theres no compa
With the world news from aljazeera russia has reported a record rise in new covert 19 infections for the 4th day. Heading 425000. And also south koreas governing party makes huge gains in what is the 1st National Election to be held during the panda. Is 1100 hours g. M. T. 7 am in washington where president didnt President Donald Trump has halted u. S. Funding to the World Health Organization he is accusing it of mishandling the outbreak and failing in its own duties he also says the agency covered up how the virus was spreading out of china the u. S. Is the biggest donor to the w. H. O. Contributing nearly 15 percent of its budget well start with this report from mike hanna. In what has become a pattern president trying to use his podium to parade reporters if you keep talking ill leave and you can have it out with the rest of these people if you keep talking im going to leave and you can have it out with them its just allowed me to introduce a number of prominent members of big busin
Within the dow. Take them out of the picture, things wouldnt be as bad as they are now. Were well off the earlier lows, down 400 points, down about 165 points but also fueling this, offsetting this if you will is talk of progress on that stimulus front. You remember where they were looking for republicans, another 250 billion for the Paycheck Protection Program . Well they ran into a buzzsaw of criticism from democrats that argued it was too tilted to business so they wanted to make assurances for health care workers, hospitals, that sort of thing. I stress that they have reached a broad parameters of a deal. It is not a deal until they both mutually agree. Were seeing progress on the front. That mitigated losses in the dow and offset the oil impact. Edward lawrence joins us now from washington with how this is all progressing. Hey, edward. Reporter neil, close, very close. That is how it is being described. As you said no deal, no ink to paper as it were for this deal. Republicans ini
Maria and we kick it off with Global Markets lets taken a look at european indices a selloff there as well. S p 200 down 250 points right now and paris down 165 and dax index in germany lower by 362. The European Union announcing the closing of its borders for 30 days to slow spread of coronavirus. In asia is overnight markets started with early rally on heels of wall street rally but then reverse course to finish in the red. Take a look at these numbers you have all of the major down better than 4 as you can see, the nikkei and japan and shanghai and composite 1. 8 and then theres oil. Oil prices tumbling touches levels not seen since 2003. As price of oil between russia and saudi arabia wages on demand is dropping oil prices right now at 25. 40 a barrel havent seen those numbs in quite some time. Check treasuries and yields right now on tenure treasury rising this morning once again, it is back above 1 . Tenure now sitting at 1. 8 that is up ten and a half basis points. The coronavir