Francine we will have plenty more on that throughout the day. Lets get to first word news with ritika gupta. Ritika no murder charges in the Fatal Shooting of breonna taylor. A kentucky grand jury chose not to file the indictments against any of the Police Officers involved. A single officer was charged with wanton endangerment for firing into neighboring apartments. The decision has sparked outrage and renewed violence. At least two Police Officers have been shot. President trump says the Supreme Court will likely have to decide the outcome of the november election. Hes arguing he needs to confirm a new justice to replace ruth bader ginsburg. Hes casting doubt on the validity of the election, reiterating his criticism of mailin voting. Idea of challenging the virus is gaining. The study speeding up research but raises ethical questions about exposing people to a potentially fatal virus. Global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalist
3000 jobs will be cut under bains new ownership. Bain capital ownership, which in addition to these details relating to jobs, we are also expecting to hear about aircraft fleet and the future as well, this after bain bought Virgin Australia in what is a pretty bold that on an industry that has been shattered by the travel restrictions and the coronavirus pandemic. Virgin australia committed to regional and charter flying. Of targetsindication and priorities when they are restructured in addition to 3000 jobs being cut. Also getting data out of australia. Manufacturing pmi, services as well as composite index coming through. Dropping from that preliminary number for july. The composite number of 67. 8 also a little bit weaker. The performance of Construction Index coming in at 42. 7, higher than 39. 5. Lets take a look at the aussie dollar. Largely to do with the situation in victoria. We have that renewed lockdown, stricter stage four restrictions. At this time, later on today and tomo
Storm here now insurers bracing for damage claim as millions remain without power along eastern United States it is thursday august 5 on cnbc. Good morning, good afternoon, good evening and welcome from wherever you may be watching thank you for joining us good morning there are so many big stories to get to everything updated it is looking like this one could be too look at that futures could be higher across the board. The nasdaq making a record fifth straight positive day and 30th for the year. Nasdaq up 32 year to date not just technology. Retail surging the sector etf xrt hitting a high since back before the pandemic stocks and bonds go up yields hit a record low. Closing at a record low 0. 5 we are at 0. 525. Truly amazing. Mortgage rates could tick lower again. Gold stays red hot closing above 2,000 for the first time in history. The new nominal record in the past 13 for gold we have a good market stat in the rbi that you can wow your friends with at virtual cocktail parties. Tw
Company. Elon musk returns to twitter to taunt his critics. And washington approved sanctions on china over hong kong as a Top White House adviser says the u. S. Is increasingly unhappy. New trade restrictions could be on the way. Lets look at how we are setting up in asia for that final trading session of the week. To trackstocks are set wall street as we assess the latest job numbers from the u. S. We did see some sluggish data indicating the pace for hiring maybe cooling as the virus spreads. Just keeping an eye on that. Ae index could be headed for weekly gain that could massively sway sentiment. We have retail sales to from singapore and Inflation Numbers from thailand, along with a pmi reading from china. Overall, we are set to end the week higher after thursdays event. Settledg futures have lower after the index cap the biggest rise in three months, let higher by property names and chinese brokers rallied as well. Financial markets have been resilient in the face of with the ruc
Suggest a post virus recovery. Highest andsides smart and Mark Zuckerberg toends the response controversial president ial tweets but his unstaffed is not agree. But his own staff does not agree. To shrug offng tensions on the streets, curfews being applied in major cities. We are seeing asia heading into the wednesday session looking likely to extend the basking in the globe we saw overnight. We have nikkei futures in australia as well as in hong kong, all pointing to a positive start to trade. The dollar fell overnight, the yen also slunk leading to some positivity out of trading. The rckiwi pair trading at its highest since october, really an indication as we see these outperform, investors feeling risk on despite gdp numbers that could show the first technical recession we are headed into in about 30 years. Pretty flattrading after seven consecutive days of gains. Americans are bracing for another night of unrest. Cities have extended their curfews. Trumpile, president feeling embat