, warning a significant backer for years to come. Secretaryse cabinet pledging to maintain policy if he wins, but says more can be done. Lets get a quick reminder how u. S. Stocks ended. The s p closing at a fresh record. This in the face of warnings of a k. G. Recovery and pessimism relief bill. Tesla dropped as much as 15 after Bailey Gifford cut its stake. We are seeing s p under pressure. Lets check in on oil. Below 42 after slipping to a three week low with upcoming refinery maintenance weighing along with a stronger dollar. The greenback rose the most as the euro slips positioning. Technicals are favoring abounds in the dollar, according to scotia bank. We are shaping up in asia, futures pointing higher, holding above 106. Yoshi keeping big stimulus going in japan. We will be watching chinese tech giants after india banned appser sets set of including baidu. Drivers fueling performance of chinas big tech stocks from march lows. The rally has been broader on the mainland than in t
He shanghai composite up asx 200 picking up where it left off on wednesday. That was shrugging off the dreadful gdp numbers. Looking at the foreign exchanges, dollar weakness is being snapped, the dollar coming back against a popular currency. The bloomberg dollar index is moving higher. Seeing more yuan strength, the yen weakness has been pronounced and the euro is in the crosshairs of where currency traders are. There we go. Joining us now, trade j. P. Morgan Asset Management global strategist marcelo chow. Give us an idea where we are with the rally. It is looking toppy at the moment, but i have been saying that for a while. Good morning and thank you for having me back here. Index has record high been phenomenal so far. I think this reflects and factors expectations for 2021 andto recovery in 2022. As you mentioned, the recovery so far has been quite uneven. The Technology Sector is responsible for a significant share of the rebound. It seemed like there has been some good news val
More contagious than some other viruses that weve seen and its clearly deadly and it is being asked by many asymptomatic patients without symptoms. And you do need to wear a mask no question about it to protect yourself and to promote others more importantly. Yeah we keep hearing its to protect others but i do feel safer with it on myself much of the noise in the news lately is about vaccine encouraging as these reports are its not soon that were going to be lining up for shots at c. V. S. Is a. No listen were were probably a minimum of 6 months away probably longer they have to test safety they have to test get lots of people we need to make sure they work you know day or day or gearing to approve of that scene thats going to be only 50 percent potentially effective fright so were not talking about vaccines that are going to protect 90 percent were talking about vaccines that best protect the 50 at a 50 percent level so were going to wait for that its going to be a while and you know
Stocks your morning rbi is all about people making a return to the airports kind of. It is tuesday, august 11th, and this is Worldwide Exchange right here on cnbc well, good morning, good afternoon, good evening, and welcome, wherever in the world you may be watching. I am Brian Sullivan. Hope you had a nice weekend as well i know its tuesday but its the first day back for me. Lets get to it and see how your money and the Global Markets are setting up their day stock futures are soaring, look at that, up 266 points right now. They are well in the green this is coming off a lot of recent momentum. The dow gaining about 350 points yesterday. If you are counting at home, and you probably are, thats its seventh positive session in a row. It is the longest winning streak since september. The s p 500 also on the rise as well, now less than 1 from its record high set back in february you got millions unemployed, trillions in stimulus, and maybe thats the reason, and we are less than 1 from ou
Welcomes a taliban ceasefire that need in afghanistan. Theres been a surge in new numbers of corona virus cases in latin America Brazil has overtaken russia to become the 2nd worst affected country in the world after the United States confirmed infections are now above 330000 the death toll is more than 21000. 00 its thought the true total could be even higher and then factions in brazil and theyre expected to peak until next month meanwhile president jaya ball tomorrow has been defending a tirade against a Senior Police officer that was caught on tape as i was and run petit reports was the day after he was seen on video explaining why he wanted to sack the federal police chief in an expletive ridden Cabinet Meeting brazilian president to heed wilson matter was in damage control mode but with. A hint of remorse but that is he dismissed accusations by his former Justice Minister said hugh morrow of trying to interfere into Police Investigations explaining that he was instead talking abo